Winning Bizness Desk
Mumbai. Even though the performance of LIC, which was recently listed in the stock market, has not been upto the mark so far, it has left all other Indian companies miles behind in the Fortune Global 500 list. Even India's largest listed company Reliance Industries has lagged far behind LIC.
LIC gets 98th position
LIC has got a place in the Fortune Global 500 list for the first time. This time 9 companies of India have got a place in the list. Of these, 5 companies are government owned, while the remaining 4 companies are private entities. LIC has been ranked 98th in this list prepared on the basis of revenue. The company has been ranked first in India with about $ 97.27 billion in revenue and $ 553.8 million in profit.
Reliance secures 104th position
Reliance Industries is included in the second place from India in the Fortune Global 500 list. Reliance Industries has been a part of this list continuously for the last 19 years. On a global basis, Reliance is ranked 104th with $93.98 billion in revenue and $8.15 billion in net profit. The ranking of Reliance Industries has improved by 51 places as compared to last year.
Tata Motors and Tata Steel also get place
Apart from LIC and Reliance Industries, among the Indian companies that have managed to make it to the list, SBI is the only name from the banking sector. SBI has managed to get 236th rank by jumping 17 places. At the same time, two Tata group companies Tata Motors and Tata Steel have also found a place in the list. Tata Motors of the Tata Group has been ranked 370. Similarly, Tata Steel has managed to get 435th position.
These government companies made place
Among the companies that managed to make it to this list from India, the state-owned oil company Indian Oil is at 142nd position. The company's ranking has improved 28 places from a year ago. On the other hand, another state-owned company ONGC has managed to get the 190th rank by jumping 16 places. BPCL has been ranked 295 in the public sector itself. There has been an improvement of 19 places in the ranking of BPCL as compared to last year.
American companies in both the top positions
Two of the top-5 companies in the list are from America, while 3 companies from China have managed to make it to the top-5. American retailer company Walmart has topped this list for the 9th consecutive year. The second place went to Amazon, the company of Jeff Bezos which is Amazon's best rating ever.
