Seven Indian Companies in Fortune Global 500

Seven Indian companies are being listed in Global 500 list prepared by Fortune the US publication. Among the Indian companies in the list, Indian Oil tops which ranks 116 in the 500 lists and followed by Reliance Industries which ranks 206. Bharat Petroleum ranks 287, Hindustran Petroleum at 290, Tata Steel at 315 while Oil & Natural Gas and State Bank of India hold 335 and 380 rank respectively in the list of Fortune 500 companies for the year 2008. US topped in the list with the entry of 153 companies while 64 companies of Japan and 29 companies of China are respectively listed in this list. Here are the company profile of seven Indian Companies:

Indian Oil: Indian Oil Corporation Ltd. (IndianOil) is India's largest commercial enterprise, with a sales turnover of Rs. 2,47,479 crore (US $ 61.70 billion) and profits of Rs. 6,963 crore (US $ 1.74 billion) for the year 2007-08. IndianOil is also the highest ranked Indian company in the prestigious Fortune 'Global 500' listing, having moved up 19 places to the 116th position in 2008. It is also the 18th largest petroleum company in the world.

Reliance Industries: The Reliance Group, founded by Dhirubhai H. Ambani (1932-2002), is India's largest private sector enterprise, with businesses in the energy and materials value chain. Group's annual revenues are in excess of US$ 34 billion. The flagship company, Reliance Industries Limited, is a Fortune Global 500 company and is the largest private sector company in India.

Bharat Petroleum: Success in the corporate world emanates from the relentless pursuit of excellence. Our growth post nationalization in 1976 has been phenomenal. One of the single digit Indian representative in the Fortune 500 & Forbes 2000 listings, we are often referred to as an “MNC in PSU garb”. A pioneer in marketing initiatives employing “Best in Class” practices.

Hidustan Petroleum: HPCL is a Fortune 500 company, with an annual turnover of over Rs 1,03,837 Crores ($ 25,142 Millions) during FY 2007-08, 16% Refining & Marketing share in India and a strong market infrastructure. Corresponding figures for FY 2006-07 are: Rs 91,448 crores ($20,892 Million).

Tata Steel: Established in 1907, Tata Steel is the world's 6th largest steel company with an existing annual crude steel capacity of 30 million tonnes. Asia's first integrated steel plant and India's largest integrated private sector steel company is now the world's second most geographically diversified steel producer, with operations in 26 countries and commercial presence in over 50 countries.

Oil & Natural Gas: ONGC (Oil and Natural Gas Corporation Limited) is India's leading oil & gas exploration company. ONGC has produced more than 600 million metric tonnes of crude oil and supplied more than 200 billion cubic meters of gas since its inception. Today, ONGC is India's highest profit making corporate.

State Bank of India: State Bank of India (SBI) is India's largest commercial bank. SBI has a vast domestic network of over 9000 branches (approximately 14% of all bank branches) and commands one-fifth of deposits and loans of all scheduled commercial banks in India.

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