The latest 'Fortune 500' list of the world's biggest corporations is out and seven Indian companies made it the list, the same number as last year. Retail giant Walmart topped the global rankings.
State-owned companies from India dominate the list. Indian Oil Corp ranked the highest at 161st among Indian firms, but ONGC has moved out of the rankings for 2016. Indian Oil is followed by banking giant State Bank Of India (SBI), Bharat Petroleum and Hindustan Petroleum.
In comparison, more than 100 Chinese companies made it to the list, behind only the US, which had the most companies. Over a dozen new companies from China made it for the first time on the list.
Indian private gems and jewellery major Rajesh Exports was listed for the first time on the list at 423rd position.
Here's where the Indian companies ranked in 2016 compared to last year:
Indian Oil Corporation (161; down from 119)
Reliance Industries (215; down from 158)
Tata Motors (226; up from 254)
State Bank of India (232; up from 260)
Bharat Petroleum (358; down from 280)
Hindustan Petroleum (367; down from 327)
Rajesh Exports (423)
Reliance Industries was the top-ranked among private sectors firms at 215, followed by Tata Motors and Rajesh Exports.
Overall, Walmart topped the list, followed by State Grid, and China National Petroleum.
Here are the Top 10 on the list with annual revenues. See the full list here.
1. Walmart ($482,130 million)
2. State Grid ($329,601 million)
3. China National Petroleum ($299,271 million)
4. Sinopec Group ($294,344 million)
5. Royal Dutch Shell ($272,156 million)
6. Exxon Mobil ($246,204 million)
7. Volkswagen (236,600 million)
8. Toyota Motor ($236,592 million)
9. Apple ($USD 233,715 million)
10. BP ($225,982 million)
The world's 500 largest companies generated $27.6 trillion in revenues and $1.5 trillion in profits in 2015, Fortune said.
Together, this year's Fortune Global 500 companies employ 67 million people worldwide and are represented by 33 countries, Fortune added.
With PTI inputsSuggest a correction