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.
Seven Indian companies have made it to the latest Fortune 500 list of the world’s biggest corporations in terms of revenue.
Fortune 500 list is an annual ranking of the world’s wealthiest companies, compiled and published by the American business magazine Fortune and published globally by Time Inc.
In it companies are ranked by total revenues for their respective fiscal year which has ended on or before March 31, 2015. Revenue figures of companies mainly include their consolidated subsidiaries, reported revenues from the discontinued operations and excluding excise taxes.
7 Indian companies are:
- Indian Oil Corporation (161st),
- Reliance Industries (215th),
- Tata Motors (226th),
- State Bank of India (232nd),
- Bharat Petroleum (358th),
- Hindustan Petroleum (367th)
- Rajesh Exports (423rd).
Global top 10 companies:
- Walmart ($482,130 million)
- State Grid ($329,601 million)
- China National Petroleum ($299,271 million)
- Sinopec Group ($294,344 million)
- Royal Dutch Shell ($272,156 million)
- Exxon Mobil ($246,204 million)
- Volkswagen (236,600 million)
- Toyota Motor ($236,592 million)
- Apple ($USD 233,715 million)
- BP ($225,982 million)
- The world’s 500 largest companies generated collectively generated 27.6 trillion dollars in revenues and 1.5 trillion dollars in profits in 2015.
- Together, 2016 Fortune Global 500 companies employ 67 million people worldwide and are represented by 33 countries.