56 Indian cos among Forbes’ Global 2000 list

56 Indian cos among Forbes’ Global 2000 list

New York: As many as 56 Indian companies, including Reliance Industries and State Bank of India, have been named among the world’s 2,000 most powerful listed companies, according to US magazine Forbes.

The ‘Global 2000’ list of the biggest and most powerful companies worldwide has been topped by US banking giant JPMorgan Chase and is followed by General Electric, Bank of America and ExxonMobil.

Among Indian high performers, Mukesh Ambani-led Reliance Industries leads the pack and has been ranked at the 126th place in the global list.

Other Indian companies named in the list include State Bank of India (130), ONGC (155), ICICI Bank (282), Indian Oil (313), NTPC (341), Tata Steel (345), Bharti Airtel (471), Steel Authority of India (502), Larsen & Toubro (548) and HDFC Bank (632).

The global rankings span 62 countries, with the US (515 members) and Japan (210 members) dominating the list as usual, although the number of companies from developing nations in the Global 2000 is fast increasing.

This year, the countries that gained the most ground are mainland China (113 members), India (56 members) and Canada (62 members), the magazine said.

Forbes’ ranking of the world’s biggest companies used an equal weighting of sales, profits, assets and market value to rank companies according to size and this year’s list reveals the dynamism of global business.

“In total, the Global 2000 companies now account for $30 trillion in revenues, $1.4 trillion in profits, $124 trillion in assets and $31 trillion in market value. All metrics are down from last year, except for market value, which rose 61%," Forbes said.

Two companies from the Anil Ambani Group, Reliance Communications (742) and Reliance Infrastructure (1,702), have also made it on the list.

Other Indian companies named on the list include state-owned Punjab National Bank (695), Tata Consultancy Services (741), HDFC (783), Infosys (807), DLF (923) and Hero Honda Motors (1,571).