7 Indian Firms Make It To Fortune 500 Companies List

न्यूज़ वर्ल्ड इंडिया | 0
| July 22 , 2017 , 10:25 IST

Fortune 500 has released the latest edition of the list as they rank companies by the revenue that they earned in 2016.

Asia tops the list by 197 companies which is more than any other continent, leaving North America (145) and Europe (143) slugging it out for the second spot. The rest of the world has a mere 15 companies on the list.

According to the report, US continues to have the largest presence on the elite list with 132 firms, but China is not too far behind at 109 and is leading the Asian drive to the top. Japan, with 51, is in the third spot; South Korea has 15 while India has seven. Only one of the seven Indian companies is in the top 200 which is Indian Oil, ranked 168th.

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The other six Indian companies in the Fortune 500 list are Reliance Industries (203), State Bank of India (217), Tata Motors (247), Rajesh Exports (295), Bharat Petroleum (360) and Hindustan Petroleum (384).

Walmart remains at the top but the next three companies are from China State Grid, Sinopec and China Petroleum, all in the energy sector.

Toyota, Volkswagen, Royal Dutch Shell, Berkshire Hathway, Apple and Exxon Mobil complete the top 10.

The 500 companies on the list generated $27.7 trillion in revenues and $1.5 trillion in profits in 2016 and employed 67 million people.

They also account for $20.7 trillion or about three-quarters of the revenues of the entire list.