48 Indian firms make it to Forbes list of world's biggest companies

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New Delhi, Apr 3 (UNI) Mukesh Ambani owned Reliance Industries Ltd (RIL) and state-owned Oil and Natural Gas Corporation Ltd (ONGC), are among the 48 firms of the country which have made it to the Forbes list of the world's biggest companies.

Though no Indian company managed a place among the top 100, country's most valued firm RIL is at 193rd and ONGC at 198th position.

However, the two companies headed by PIO (Person of Indian Origin) Vikram Pandit's Citigroup and Lakshmi Mittal's Arcelor Mittal are at 24th and 38th positions respectively.

The US firms are leading the list with HSBC, General Electric, Bank of America, JP Morgan Chase and ExxonMobil grabbing the top five positions.

The list has PSU majors State Bank of India at 219th and Indian Oil Corporation at 303rd position while the country's biggest private sector Bank ICICI is at 374th rank followed by state-run power generation major National Thermal Power Corporation (NTPC) at 411th position.

Other Indian names making to the list are Steel Authority of India Limited (SAIL) at 647th, Tata Steel at 738th, Bharti Airtel at 826th, Tata Consultancy Services at 927th, Housing Development Finance at 949th, Larsen and Toubro at 961st and Bharat Petroleum Corporation Limited (BPCL) at 967th position.

Three firms of Anil Ambani Dhirubhai Ambani group (ADAG)- Reliance Communications at 846th, Reliance Power at 1,597th and Reliance Capital at 1,919th rank have made it to the list.

''The companies in the Global 2,000 companies list have a combined revenue of 30 trillion dollars, 2.4 trillion dollars of profit, 119 trillion dollars in assets and 39 trillion dollars in market capitalisation while employing 72 million people across the world,'' a Forbes report said.

The number of American firms has dropped by 61 per cent from previous year In contrast, China, India and Brazil are rapidly adding companies to the list. India, for example, has 48 companies this year as against 27 in 2004, the report added.

Other Indian companies include Bharat Heavy Electricals Ltd (BHEL) at 1012, Infosys at 1040, HDFC Bank at 1093, Wipro at 1102, Tata Motors at 1111, Hindustan Petroleum Corporation Limited (HPCL) at 1112, NMDC at 1134, ITC at 1159, Punjab National Bank at 1166, DLF at 1185, Hindalco at 1205, GAIL at 1249, Canara Bank at 1305, Axis Bank at 1361, Bank of India at 1375, PGCIL at 1413, Bank of Baroda at 1477, Nalco at 1478 and Unitech at 1484 rank.

They are followed by Grasim at 1527, Indian Overseas Bank at 1737, IDBI at 1744, PFC at 1753, Union Bank of India at 1759, Satyam at 1763, Central Bank of India at 1803, Syndicate Bank at 1833, M&M at 1919, Uco Bank at 1935, Oriental Bank at 1952, Suzlon Energy at 1954 and Allahabad Bank at 1996 positions.

UNI BJR PDT KP2058

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