Oil and Natural Gas Corporation leads the pack of 34 Indian companies, a chunk of them from the banking sector, which have found place on the elite Forbes’ list of 2,000 corporate giants across the world.
In the ranking based on sales, profits, assets and stock market value, there are five oil and gas companies, four software giants, three each dealing in materials and capital goods, two utilities, and one each food, consumer durable, and telecommunications majors.
At the top of the Indian list is ONGC which finds 239 spot in the overall rankings and is followed by Reliance Industries (258), State Bank of India (326) and Indian Oil (399).Tata Consultancy finds 1047 spot in the overall list but tops Indian companies ranking of software and service outfits. Following it in the category are Infosys Technologies (1130), Wipro (1233) and Satyam Computer Services (1874).Bharti Airtel is the only Indian telecommunications company to find spot among 2000 giants with a rank of 1149.
State Bank of India Group finds top spot among the Indian banks and is ranked at 326 in the overall list. It is followed by ICICI bank (536), HDFC-Housing Development (1197), Punjab National Bank (1308), Canara Bank (1360), HDFC bank (1376), Bank of Baroda (1585), Bank of India (1691), Indl Dev Bank of India (1767), Union Bank of India (1772). UCO Bank (1931), Syndicate Bank (1943), Indian Overseas Bank (1946) and Oriental Bank of Commerce (1974).
In the materials category, Steel Authority of India, Tata Steel and Hindustan Zinc find slots in the coveted list. ITC is the only Indian company to make the list in food, drink and tobacco category.
The first seven top spots in the list are American companies. Two firms from Netherland and one from Switzerland are among the first ten companies.The top spot goes to Citigroup and following it are Bank of America, HSBC Holdings, General Electric, JP Morgan Chase, American Intl Group, ExxonMobil (all American), Royal Dutch Shell (Netherlands), UBS (Switzerland) and ING Group (Netherlands).
Forbes says this year’s comprehensive list of global super stars values the world’s largest public companies, including the hottest companies and best performers across 27 industries.
The 2007 rankings indicate that globalization is the essential element for business to prosper, the magazine says.
China brings 16 new companies to the Global 2000 and the United States has 34 fewer in the list. Among the giants, 116 are oil and gas which pulled down more revenue than any other industry but banks lead in profits.
A highlight of the analysis is that total revenues of the companies headquartered in Switzerland exceed that nation’s gross domestic product.The US companies included on this year’s list have a combined market capitalization of $13.9 trillion.Argentina is represented on the Global 2000 for the first time ever