‘India houses 54 of the world’s most powerful public firms’

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New Delhi: Mukesh Ambani-led Reliance Industries leads the pack of 54 Indian companies in Forbes’ annual list of the world’s 2,000 largest and most powerful public companies, with Chinese companies occupying the top three slots on the list.

The Forbes ‘Global 2000’ is a list of the world’s largest, most powerful public companies, as measured by revenues, profits, assets and market value.

China is home to the world’s top three biggest public companies and five of the top 10. The US retains its dominance as the country with the most Global 2000 companies at 564. Japan trails the US with 225 companies in aggregate.

In India, Reliance Industries is ranked 135 on the list with a market value of $50.9 billion and $72.8 billion in sales as on May 2014.

Reliance is followed by State Bank of India which is ranked 155 and has a $23.6 billion market value.

The other Indian companies on the list are ONGC ranked 176, ICICI Bank (304), Tata Motors (332), IndianOil (416), HDFC Bank (422), Coal India (428), Larsen & Toubro (500), Tata Consultancy Services (543), Bharti Airtel (625), Axis Bank (630), Infosys (727), Bank of Baroda (801), Mahindra & Mahindra (803), ITC (830), Wipro (849), Bharat Heavy Electricals (873), GAIL India (955), Tata Steel (983) and Power Grid Corporation of India (1,011).

Also making the list are Bharat Petroleum (1,045), HCL Technologies (1,153), Hindustan Petroleum (1,211) and Adani Enterprises (1,233). This year’s Global 2000 companies are from 62 countries, up from 46 in the inaugural 2003 rankings. In total, they raked in revenues of $38 trillion and profits of $3 trillion, with assets worth $161 trillion and a market value of $44 trillion.

The firms employ 90 million people worldwide, Forbes said.

State-controlled Chinese bank ICBC holds onto its top spot for a second consecutive year, while China Construction Bank takes the second place and Agricultural Bank of China moves up five spots to third. The United States accounts for the other half of the top 10 spots.

Berkshire Hathaway and Wells Fargo both moved up four spots to number five and number nine respectively. JP Morgan slid to fourth place as its total composite score slipped behind Agricultural Bank of China. Apple is ranked 15 followed by financial major Citigroup (16) and energy corporation Chevron on rank 18.

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