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The Fortune India 500 is a ranking of the top 500 corporations in India compiled on the basis of latest sales and gross revenue figures. The list is published annually by Fortune magazine. [2] Fortune India is Fortune's sixth international edition following local editions for China, Turkey, Korea, Indonesia as well as a special edition for Greece. [3] [4]
Fortune India is published monthly in English, through a licence agreement between Time Inc., the publisher of Fortune (US) and Kolkata-based ABP Group, one of India's largest media companies. [5] [6] The first issue of Fortune India was published in September 2010 with Dibyendra Nath Mukerjea as the editor and Pavan Varshnei as the president. [7] [8] In October 2011, the publication celebrated its first anniversary with a double issue. [9]
The Fortune India 500 list ranks publicly traded companies by their annual audited total income for the financial year ending on or before 30 June. The list has been published in its current form since 2010, and also includes financial corporations and service providers, leading by revenue. [10]
Reliance Industries retained at the top spot for three successive years, whilst State Bank of India climbed up to second place and Indian Oil Corporation fell to third place. [11]
Reliance Industries continued on top place in the 2020 Fortune India 500 rankings, while Indian Oil Corporation and Oil & Natural Gas Corporation were second and third respectively. [12] Reliance Industries was ranked 96th in the GlobalFortune 500 list, and the top 7 positioned companies in the Indian list made it to the global Fortune 500 list. [13]
Reliance Industries exchanged positions with Indian Oil Corporation for the top place in the 2019 Fortune India 500 rankings, while Oil & Natural Gas Corporation continued on the third position. [14]
Indian Oil Corporation continued on top place in the 2018 Fortune India 500 rankings, while Reliance Industries and Oil & Natural Gas Corporation was second and third respectively. [15]
Indian Oil Corporation topped the 2017 Fortune India 500 rankings, and Reliance Industries was listed second. The next three places were taken by State Bank of India, Tata Motors, and Rajesh Exports, respectively. [16]
Indian Oil Corporation, Reliance Industries and Bharat Petroleum Corporation dominate the list in the second year. [17]
Zee Entertainment Enterprises (#1 media, #256 overall), Sun TV Network (#2, #347), HT Media (#3, #383), Network 18 (#4, #413) and Dish TV (#5, #437) are in the list of media companies in the Fortune India 500 roster of India's largest corporations. [18]
Tata Consultancy Services (#1 IT, #20 overall), Wipro (#2, #25), Infosys (#3, #27), HCL Technologies Limited (#4, #49), Satyam Computer Services (#5, #153) and Tech Mahindra (#6, #161) are the top IT companies in the list. [19]
This is a ranking of the top ten cities, with the most global 500 companies. [20]
Rank | Cities | Biggest companies of India |
---|---|---|
1 | Mumbai | 177 |
2 | Delhi NCR | 111 |
3 | Kolkata | 38 |
4 | Chennai | 34 |
5 | Bangalore | 25 |
6 | Pune | 25 |
7 | Kochi | 24 |
8 | Ahmedabad | 19 |
9 | Hyderabad | 17 |
10 | Trivandrum | 13 |
Indian Oil Corporation topped the inaugural Fortune India 500 rankings, and Reliance Industries was listed second. The next three places were taken by State Bank of India, Bharat Petroleum and Hindustan Petroleum respectively. [21]
Tata Consultancy Services Limited (TCS) is an Indian multinational information technology (IT) services and consulting company headquartered in Mumbai. It is a part of the Tata Group and operates in 150 locations across 46 countries. In September 2023, it was reported that TCS had over 616,000 employees worldwide. TCS is the second-largest Indian company by market capitalization, the most valuable IT service brands worldwide, and the top Big Tech (India) company. As of June 2023, it was the world's second-largest user of U.S. H-1B visas.
Reliance Industries Limited is an Indian multinational conglomerate headquartered in Mumbai. Its businesses include energy, petrochemicals, natural gas, retail, telecommunications, mass media, and textiles. Reliance is the largest public company in India by market capitalisation and revenue, and the 100th largest company worldwide. It is India's largest private tax payer and largest exporter, accounting for 7% of India's total merchandise exports. The company has relatively little free cash flow and high corporate debt.
Azim Hashim Premji is an Indian businessman and philanthropist, who was the chairman of Wipro Limited. Premji remains a non-executive member of the board and founder chairman. He is informally known as the Czar of the Indian IT Industry. He was responsible for guiding Wipro through four decades of diversification and growth, to finally emerge as one of the global leaders in the software industry. In 2010, he was voted among the 20 most powerful men in the world by Asiaweek. He has twice been listed among the 100 most influential people by Time magazine, once in 2004 and more recently in 2011. For years, he has been regularly listed one among The 500 Most Influential Muslims. He also serves as the Chancellor of Azim Premji University, Bangalore. Premji was awarded Padma Vibhushan, India's second highest civilian award, by the Government of India.
Dhirajlal Hirachand Ambani was an Indian businessman who founded Reliance Industries in 1958. Ambani took Reliance public in 1977. In 2016, he was honoured posthumously with the Padma Vibhushan, India's second-highest civilian honour for his contributions to trade and industry. Ambani faced numerous accusations of market manipulation, tax evasion, and cronyism.
Cognizant is an American multinational information technology services and consulting company. It is headquartered in Teaneck, New Jersey, U.S. Cognizant is part of the NASDAQ-100 and trades under CTSH. It was founded as an in-house technology unit of Dun & Bradstreet in 1994, and started serving external clients in 1996.
Mukesh Dhirubhai Ambani is an Indian billionaire businessman. He is currently the chairman and managing director of Reliance Industries, India's most valuable company by market value. With an estimated net worth of $106.2 billion according to Forbes as of January 2024, he is the richest person in Asia and 15th richest in the world. Sometimes characterized as a plutocrat; he has attracted both fame and notoriety for reports of market manipulation, political corruption, cronyism, and exploitation. Time magazine listed him as one of the 100 most influential people of 2019, under the "Titans" section.
Kakinada is the sixth largest city of the Indian state of Andhra Pradesh and serves as the district headquarters of the Kakinada District. It lies on the coast of the Bay of Bengal. J.N.T.U. College of Engineering Kakinada, established in 1946, is the oldest and popular Government college in the state of Andhra Pradesh. The First Polytechnic college of Andhra Pradesh, Andhra Polytechnic was established here in 1946. It was also the origin point of Buckingham Canal where goods used to be transported by boats during the British rule. It was once home for Asia's largest sea port. Many people from the city migrated from this sea port to countries like Burma, Mauritius, Fiji and various southeast Asian countries to work there as workers where they were called as Coringas.
Life Insurance Corporation of India (LIC) is an Indian multinational public sector life insurance company headquartered in Mumbai. It is India's largest insurance company as well as the largest institutional investor with total assets under management worth ₹45.7 trillion (US$570 billion) as of March 2023. It is under the ownership of Government of India and administrative control of the Ministry of Finance.
Oracle Financial Services Software Limited (OFSS) is a subsidiary of Oracle Corporation. It is involved in financial and insurance technology.
Big Oil is a name used to describe the world's six or seven largest publicly traded and investor-owned oil and gas companies, also known as supermajors. The term, particularly in the United States, emphasizes their economic power and influence on politics. Big Oil is often associated with the fossil fuels lobby and also used to refer to the industry as a whole in a pejorative or derogatory manner.
The Oil and Natural Gas Corporation Limited (ONGC) is an Indian central public sector undertaking under the ownership of Ministry of Petroleum and Natural Gas, Government of India. The company is headquartered in New Delhi. ONGC was founded on 14 August 1956 by the Government of India. It is the largest government-owned-oil and gas explorer and producer in the country and produces around 70 percent of India's domestic production of crude oil and around 84 percent of natural gas. In November 2010, the Government of India conferred the Maharatna status to ONGC.
Bharat Petroleum Corporation Limited (BPCL) is an Indian public sector undertaking (PSU) under the ownership of the Ministry of Petroleum and Natural Gas, Government of India. It operates three refineries in Bina, Kochi and Mumbai. BPCL is India's second-largest government-owned downstream oil producer, whose operations are overseen by the Ministry of Petroleum and Natural Gas. BPCL was ranked 309th on the Fortune list of the world's biggest PSUs in 2020, and 792nd on Forbes's "Global 2000" list in 2021.
Hindustan Petroleum Corporation Limited (HPCL) is an Indian public sector undertaking in petroleum and natural gas industry, headquartered in Mumbai, and a subsidiary of the Oil and Natural Gas Corporation (ONGC), which is owned by the Ministry of Petroleum and Natural Gas, Government of India.
Reliance Group is an Indian conglomerate, headquartered in Mumbai, India. The company, which was formed after Dhirubhai Ambani's business was divided up, is headed by his younger son Anil Ambani. Reliance Group has five listed companies, Reliance Power, Reliance Infrastructure, Reliance Capital, Reliance Home Finance and Reliance Health. The group provides financial services, construction, entertainment, power, health care, manufacturing, defence, aviation, and transportation services.
The Fortune Global 500, also known as Global 500, is an annual ranking of the top 500 corporations worldwide as measured by revenue. The list is compiled and published annually by Fortune magazine.
Krishna Godavari Basin is a peri-cratonic passive margin basin in India. It is spread across more than 50,000 square kilometres in the Krishna River and Godavari River basins in Andhra Pradesh. The site is known for the D-6 block where Reliance Industries discovered the biggest natural gas reserves in India in 2003.
Castrol India Limited is an automotive and industrial lubricant manufacturing company. Castrol India is the 2nd largest manufacturer of automotive and industrial lubricants in the Indian lubricant market and owns around 20% market share in the overall Indian lubricant market. It is part of Castrol Limited UK. It has 5 manufacturing plants that are networked with 270 distributors, serving over 70,000 retail outlets.
Indian Oil Corporation Limited is an Indian oil and gas company under the ownership of the Ministry of Petroleum and Natural Gas, Government of India. Headquartered in New Delhi, it is a public sector undertaking whose operations are overseen by the Ministry of Petroleum and Natural Gas. Indian Oil is ranked 94th on the Fortune Global 500 list of the world's biggest corporations as of 2022. It is the largest government owned oil producer in the country both in terms of capacity and revenue.It has consolidated refining capacity of 80.55MMTPA which it intends to increase to 107MMTPA by 2024-25. As of 31 March 2021, Indian Oil's employee strength is 31,648, out of which 17,762 are executives and 13,876 non-executives, while 2,776 are women, comprising 8.77% of the total workforce.
Rabi Narayan Bastia is an Indian geoscientist and the Global Head of Exploration at Lime Petroleum, Norway, known for his contributions in the hydrocarbon explorations at Krishna Godavari Basin (2002), at Mahanadi Basin (2003) and at Cauvery (2007). A non-executive director of Asian Oilfield Services Limited and the President at OilMax Energy, Bastia is a recipient of the Odisha Living Legend Award. The Government of India awarded him the fourth highest civilian honour of the Padma Shri, in 2007, for his contributions to Science and Technology.
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