7 Indian firms among Fortune Global 500
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Seven Indian companies, including Reliance Industries and Tata Motors, are among the world’s 500 largest companies, according to a list compiled by Fortune.
The Indian companies on the 2015 Fortune Global 500 list are Indian Oil ranked 119 on the list, with revenues of about USD 74 billion, Reliance Industries (158) with revenues of USD 62 billion, Tata Motors with revenues of USD 42 billion (254), State Bank of India with revenues of USD 42 billion (260), Bharat Petroleum with revenues of USD 40 billion (280), Hindustan Petroleum with revenues of USD 35 billion (327) and Oil and Natural Gas with revenues of USD 26 billion (449).
The world’s 500 largest companies generated USD 31.2 trillion in revenues and USD 1.7 trillion in profits in 2014.
This year’s Fortune Global 500 employ 65 million people worldwide and are represented by 36 countries.
The list has been topped by Walmart, which retained its top spot. It is followed by Chinese petroleum refining giant, Sinopec Group on the second spot, Netherlands- based Royal Dutch Shell (3), China National Petroleum (4) and Exxon Mobil (5).
The US is home to 128 of the 500 global companies, including Apple (15), JP Morgan Chase (61), IBM (82), Microsoft (95), Google (124), Pepsi (141), Intel (182) and Goldman Sachs (278).
China has close to 100 companies on the list, including Bank of China (45), China Railway Engineering (71) and China Development Bank (87).
While Indian Oil, Reliance, Bharat Petroleum, Hindustan Petroleum, and Oil and Natural Gas slipped in rankings from the previous year, Tata Motors and SBI improved in rankings.
Companies are ranked by total revenues for their respective fiscal year ended on or before March 31, 2015.
Revenue figures include consolidated subsidiaries and reported revenues from discontinued operations, but exclude excise taxes.
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