This years we have 57 new companies in the Fortune India 500 list. The list reflects the strong demand/supply and fast-growing Indian market. There are eight Indian companies which are included in the Fortune Global 500 List of 2011. Indian Oil Corporation Limited is the biggest with annual revenue of Rs 3,23,113.12 crore, followed by Mukesh Ambani’s Reliance Industries with a revenue of Rs 2,72,923.36 crore. These two are followed by Bharat Petroleum (Rs 1,56,580.12 crore) at the third and State Bank of India (Rs 1,47,843.92 crore) at the fourth place. Other companies in the list are Hindustan Petroleum (5th rank), Tata Motors (6th), Oil & Natural Gas Corp (7th), Tata Steel (8th), Hindalco Industries (9th) and Coal India (10th).
There are six state-run/public sector companies in the top-ten positions whereas four companies are from the private sector. The Economy of India is the ninth largest in the world by nominal GDP and the fourth largest by purchasing power parity (PPP). The country is one of the G-20 major economies and a member of BRICS, and ASEAN.
“India has the advantage of size. The scope of growth and excess capacity present in terms of resources would drive growth in the future.” Chief Economist at ratings firm Care, Madan Sabnavis.
“Over the last year, the 500 largest corporations have grown sales by 21.5 per #162 the median growth has been even higher, at about 25 per cent. Such statistics are impressive, no doubt. There also appears to be a fair degree of churn-there are 57 new companies, around 11 per cent of the list. That’s always a good sign because it indicates that the laggards are falling by the way, to be replaced by smarter and hungrier ones. The good news, however, is that many of the Fortune India 500 companies are now beginning to shape the world’s opinion of India for the better. And they may just be doing a better job than their Chinese counterparts.” Fortune Magazine
“The Fortune India 500 is a celebration of the size and might of India’s companies.” Fortune Magazine
1. Indian Oil Corporation — Indian Oil Corporation is an Indian state-owned oil and gas corporation with its headquarters are in Mumbai, India. It is India’s largest commercial enterprise, ranked 98th on the Fortune Global 500 list for 2011. IndianOil and its subsidiaries account for a 47% share in the petroleum products market, 34% share in refining capacity and 67% downstream sector pipelines capacity in India. The IndianOil Group of Companies owns and operates 10 of India’s 21 refineries with a combined refining capacity of 65.7 million metric tons per year. President of India owns 78.92% (191.62 Crore shares)in the company. in FY’11 IOCL sold 64.1 million tonnes of petroleum products and reported a PBT of Rs.9096 Crore, & Govt of india earned an excise duty of Rs.25789.90 crore and tax of Rs.1650 Crore.
IndianOil operates the largest and the widest network of fuel stations in the country, numbering about 19,463 (15,946 regular ROs & 3,517 Kissan Sewa Kendra). It has also started Auto LPG Dispensing Stations (ALDS). It supplies Indane cooking gas to over 62.4 million households through a network of 5,456 Indian distributors. In addition, IndianOil’s Research and Development Center (R&D) at Faridabad supports, develops and provides the necessary technology solutions to the operating divisions of the corporation and its customers within the country and abroad.
2. Reliance Industries Limited (RIL) — Reliance Industries Limited is an Indian conglomerate company headquartered in Mumbai, India. The company operates through three business segments: petrochemicals, refining, and oil and gas, other segment of the company includes textile, retail business, special economic zone (SEZ) development and telecom/broadband business.
3. Bharat Petroleum Corporation Limited (BPCL) — Bharat Petroleum Corporation Limited (BPCL) is a state-controlled oil and gas company headquartered in Mumbai, India. In 2011, Fortune Global 500 ranked the company of 272.
4. State Bank of India (SBI) — The State Bank of India (SBI) is the largest Indian banking and financial services company (by turnover and total assets) with its headquarters in Mumbai, India. It is state-owned. With an asset base of $352 billion and $285 billion in deposits, SBI is a regional banking behemoth and is one of the largest financial institutions in the world. It has a market share among Indian commercial banks of about 20% in deposits and loans. The State Bank of India is the 29th most reputed company in the world according to Forbes. Also SBI is the only bank featured in the coveted “top 10 brands of India” list in an annual survey conducted by Brand Finance and The Economic Times in 2010. The State Bank of India is the largest of the Big Four banks of India, along with ICICI Bank, Punjab National Bank and HDFC Bank-its main competitors.
5. Hindustan Petroleum — Hindustan Petroleum Corporation Limited (HPCL) is an Indian state-owned oil company headquartered at Mumbai, India and is a Fortune 500 company of India listed at number 336.
6. Tata Motors Limited — Tata Motors Limited is an Indian multinational automotive corporation headquartered in Mumbai, India. Part of the Tata Group, it was formerly known as TELCO (TATA Engineering and Locomotive Company). Its products include passenger cars, trucks, vans and coaches. It is South Asia’s largest automobile company; it is the leader in commercial vehicles and among the top three in passenger vehicles. Worldwide it is the world’s fourth-largest truck manufacturer and second-largest bus manufacturer.
7. Oil and Natural Gas Corporation (ONGC) — The Oil and Natural Gas Corporation Limited (ONGC) is an Indian state-owned oil and gas company headquartered in New Delhi, India. It is one of the largest Asia-based oil and gas exploration and production companies, and produces around 77% of India’s total crude oil production (and around 30% of total demand) and around 81% of natural gas production. It is one of the largest publicly traded companies by market capitalization in India and has the largest profits of any Indian company.
8. Tata Steel — Tata Steel is a multinational steel company headquartered in Jamshedpur, India and part of Tata Group. It is the world’s seventh-largest steel company, with an annual crude steel capacity of 31 million tonnes, and the largest private-sector steel company in India measured by domestic production. Tata Steel is also India’s second largest and second-most profitable private-sector company, with consolidated revenues of 118,753 crore (US$22.56 billion) and net profit of over 8,983 crore (US$1.71 billion) in the year ended March 31, 2011. Tata Steel is the eighth most-valuable Indian brand according to an annual survey conducted by Brand Finance and The Economic Times in 2010. It is currently ranked 410th in the Fortune Global 500.
9. Hindalco Industries — Hindalco Industries Ltd. is one of the world’s largest Aluminium manufacturing company and is a subsidiary of the Aditya Birla Group.
10. Coal India — Coal India Limited (CIL) is an Indian state-controlled coal company headquartered in Kolkata, West Bengal, India and the world’s largest coal miner with revenue exceeding 60,245 Crore (FY2010-11).