58 Indian firms, led by RIL, among world’s largest public sector companies

Fifty-eight Indian companies have featured in the Forbes ‘Global 2000’ list, a ranking of world’s largest public sector companies. While the number of Indian companies on the list remain unchanged compared to last year, the sectors to which these publicly listed Indian companies belong is now banks and oil .
The top twenty Indian companies in the Forbes 2000 list are:

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The Mukesh Ambani-led oil-to-telecom conglomerate, Reliance Industries vaulted 23 places to 83, up from 106 last year, retaining its top spot as the most valued Indian company on the list.

HDFC Bank, the country’s largest financier, took the second spot among Indian companies, ranking at 202 in 2018 (up 56 spots from rank 258 in 2017).

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Highlights of the global rankings: 

  • Includes publicly-traded companies from 60 countries.
  • The US is on top with 560 companies while China is home to 291
  • Forbes uses a mix of four metrics to create its list—sales, profits, assets and market value. Equal weightage is given to all four metrics to rank companies according to size. For this, the latest-12-months’ financial data is used.
  • Only one technology company features in the global top 10 – Apple at No 8.
  • Top positions are taken by Chinese banking giants – Industrial & Commercial Bank of China is ranked 1 for the sixth consecutive year, while China Construction Bank retained its number two spot.
  • The other two of China’s “Big Four” banks – Agricultural Bank of China and Bank of China – ranked at number five and nine, respectively
  • Among the US companies Berkshire Hathaway, slipped one spot to number 4 this year losing its title of the most valuable company, replaced by JPMorgan Chase
  • The others in top 10 are Bank of America (No. 6), Wells Fargo (No. 7), and Ping An Insurance (No. 10).
  • E-commerce giant Amazon jumped to 53 compared to 83 in 2017.

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