India home to 56 of the world’s 2000 powerful companies: Forbes

India home to 56 of the world’s 2000
powerful companies: Forbes
Mukesh Ambani-led Reliance Industries
leads the pack of 56 Indian companies in
the 2015 Forbes ‘Global 2000’
Mukesh Ambani-led Reliance Industries
leads the pack of 56 Indian companies in
the 2015 Forbes ‘Global 2000’ list.
(Reuters)
India is home to 56 of the world’s 2000
largest and most powerful public
companies, according to the Forbes’s
annual list which is topped by the US with
its share of 579 companies.
Mukesh Ambani-led Reliance Industries
leads the pack of 56 Indian companies in
the 2015 Forbes ‘Global 2000′ list.
The list gives a snapshot of the world’s
largest companies, and shows the
dominance of the US and China in the
current global business landscape.
The two countries split the top 10 spots
for a second year in a row.
Forbes said that for the first time, China’s
four biggest banks own the top four spots
and the South Asian giant is home to 232
of the world’s largest companies, adding
more spots than any other country in the
world and surpassing Japan for the first
time.
With 218 companies, Japan slid to the
third spot.
India has added two companies to its last
year’s tally.
Reliance Industries is ranked 142 on the
list, down from last year’s 135th spot,
with a market value of 42.9 billion dollars
and 71.7 billion dollars in sales.
Reliance is followed by State Bank of
India which is ranked 152 and has a 33
billion dollars market value.
The other Indian companies on the list
are Oil and Natural Gas ranked 183, Tata
Motors (263), ICICI Bank (283), Indian Oil
(349), HDFC Bank (376), NTPC (431), Tata
Consultancy Services (485), Bharti Airtel
(506), Axis Bank (558), Infosys (672),
Bharat Petroleum (757), Wipro (811),Â
Tata Steel (903) and Adani Enterprises
(944).
This year’s Global 2000 companies hail
from 61 countries and account for
combined revenues of USD 39 trillion,
profits of USD 3 trillion, with assets worth
USD 162 trillion, and a market value of
USD 48 trillion.
The total market value of Global 2000
companies, owing to a bull market, grew 9
per cent year-over-year, Forbes said.
The United Kingdom kept its fourth place
with 95 companies.
Europe overall lost 20 spots to finish with
486 companies this year, falling further
behind Asia (691) and North America
(645) in continental rankings.
France fell out of the top 5 countries,
ceding its spot to South Korea while
Argentina and Cyprus made their debut on
the list this year.
There are 200Â newcomers to this year’s
list including some household names like
travel company Expedia and luxury jewelry
retailer Tiffany.
Forbes said the most notable gainers on
the list include Facebook, which jumped
more than 200 ranks this year thanks to
rising revenue and profits.
With 121 spots, construction overtook
utilities as the third leading industry this
year, in part thanks to the more upbeat
global economic outlook, Forbes said.