FORTUNE 500: 7 Indian Companies among the 500 International companies

Date: July 26, 2016

Indian Oil RIL SBI Tata Motors

Famous Business Magazine Fortune has released the top 500 lisitngs of the world biggest companies for the year 2016.Fortune is a New York based international Business Magazine managed by Time Inc., and dated back to 1929 for its foundation. This magazine is well known for its Fortune 500 list, a detailed and analytical rankings of the international companies depending upon their economy and values. Every year this magazine released various listings such as Fortune 500, 100; Fortune Global 500, Fortune India 500, 40 under 40 and the unicorn List etc.

The Fortune list for 2016 was released on July 21. The top runners of this listing are as follows,

Wal-Mart with revenue of $482,130
Exxon with revenue of Mobil$246,204
Apple with revenue of $233,715
Berkshire Hathaway with revenue of $210,821
McKesson with revenue of $181,241
UnitedHealth Group with revenue of $157,107
CVS Health with revenue of $153,290
General Motors with revenue of $152,356
Ford Motor with revenue of $149,558
AT&T with revenue of $146,801

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Indian companies among the listings:-

Indian Oil Corp is ranked highest at 161st among Indian firms, at the same time another state-run firm ONGC has moved out of the rankings for 2016. This time we have a new entry of famous Private gems and jewellery major Rajesh Exports at 423rd position.

There are 7 Indian Companies in this prestigious list. The respective rankings are:-

Indian Oil Corp – 161,
RIL – 215,
Bharat Petroleum – 358,
Hindusthan Petroleum – 367,
Tata Motors – 226,
SBI – 232,
Rajesh Exports – 423.
It is noted that the world’s 500 largest companies generated $27.6 trillion in revenues and $1.5 trillion in profits in 2015 and also these companies employ 67 million people worldwide and are represented by 33 countries as whole.