ONGC leads 30 Indian firms in Forbes' list
Press Trust of India
New York, April 2, 2005
Oil and Natural Gas Corporation (ONGC) leads 30 Indian companies, which have found place on Forbes magazine's coveted list of top 2000 corporate titans across the world.
The Indian companies in oil and gas and banking sectors dominate the list, which includes corporations from manufacturing, and software to utilities and telecommunications.
ONGC occupies 265th position closely followed by State Bank of India group listed at 269th and Indian Oil at 273rd positions.
The rankings are based on four metrics: Sales, profits, assets and market value. Citigroup tops the world list followed by General Electric, American Intl Group, Bank of America and HSBC group.
Other Indian companies on the list include Reliance (309), National Thermal Power (486), ICCI Bank (757), Steel Authority of India (831), Bharat Petroleum (914) and Hindustan Petroleum (1011).
Following them are Tata Consultancy (1167), Punjab National Bank (1186), Gail (India) (1250), Infosys Technologies (1250), Canara Bank (1260), Tata Iron and Steel (1302), ITC (1336) and Wipro (1362).
Further down the scale are HDFC (1364), Bank of Baroda (1370), Bank of India (1371), Tata Motors (1519), Union Bank of India (1618), Bharat Televentures (1648), Oriental Bank of Commerce (1811) and Mahanagar Telephone Nigam (1835).
At the bottom of the listing for Indian corporations are Bharat Electricals (1907), Ranbaxy Laboratories (1936), Indian Overseas Bank (1959), Hindelco Industries (1982) and Larsen and Toubro just made the list at 1996th position.
© HT Media Ltd. 2004.