NEW DELHI: Four state-run enterprises led by Indian Oil Corp figure among top five companies in terms of revenue in Fortune magazine's first India list of 500 largest corporations released Thursday.
Reliance Industries has been ranked second, followed by the State Bank of India, Bharat Petroleum and Hindustan Petroleum -- all of which along with Oil and Natural Gas Corp, Tata Steel and Tata Motors and also figure in Fortune 500 list of global corporations.
"The total revenue of the Fortune India 500 companies stands at Rs.38,16,239.40 crore (nearly $850 billion). That's more than 60 percent of India's total gross domestic product (GDP)," the magazine said.
The magazine also reveals that the largest company on the list is 266 times the size of the smallest -- much the same as in China, where the top company is 382 times the size of the 500th. The disparity in the US list is lower: The largest being 100 times bigger.
The rankings are based on the total revenues of the organisation. Other individual data points include year-on-year change in revenues, net operating income, profit, assets, net worth, dividend and total salaries.
The issue also ranks top players in 42 sectors including airlines, automobiles, banking, cement, consumer durables, pharmaceuticals, consumer goods, infrastructure, media, oil and gas, power, real estate, retail and telecommunications.
The follwing are the top 20 rankings of the Fortune 500 India list:
1. Indian Oil Corporation
2. Reliance Industries
3. State Bank of India
4. Bharat Petroleum
5. Hindustan Petroleum
6. Oil and Natural Gas Corp
7. Tata Steel
8. Tata Motors
9. Hindalco Industries
10. ICICI Bank
11. Coal India
12. NTPC
13. Larsen & Toubro
14. Bharti Airtel
15. SAIL
16. Essar Oil
17. Bharat Heavy Electricals
18. Mangalore Refinery
19. Mahindra & Mahindra
20. Bharat Sanchar Nigam