IOC, RIL in Fortune 500 list

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US retailer Wal-Mart Stores tops the list

New York, July 11

Eight Indian companies, including IndianOil Corporation and Mukesh Ambani-led Reliance Industries, have made the cut on the list of the world's 500 largest companies compiled by Fortune.

The league of 500 elite companies for 2010 is topped by US retailer Wal-Mart Stores, followed by oil giant Royal Dutch Shell and
another oil major, Exxon Mobil, in that order.

Besides IOC and RIL, the other Indian companies on the list are Tata Steel, Tata Motors, Bharat Petroleum, Hindustan Petroleum and Oil & Natural Gas and SBI.

Tata Motors has made an entry into the list for the first time this year, while seven other Indian entities, which were part of the list in the previous year as well, are also featured on this list.

The list also features Citigroup, ArcelorMittal, Pepsico and Motorola, four companies led by people with Indian roots.

IOC has the highest rank of 125 among the featured Indian companies, followed by RIL at the 175th spot, SBI (282), BPCL (307), HPCL (354), Tata Steel (410), ONGC (413) and Tata Motors (442).

According to the magazine, IOC had revenues to the tune of $ 54.28 billion, RIL $ 41.08 billion, SBI $ 28.21 billion, BPCL $ 26.59 billion, HPCL $23.88 billion, Tata Steel $21.58 billion, ONGC $21.44 billion and Tata Motors $19.5 billion.

Vikram Pandit-led Citigroup is at 33rd place, with revenues of $108.78 billion, while NRI billionaire L N Mittal's ArcelorMittal bagged the 99th position with revenues worth $65.11 billion.

Pepsico, run by Indira Nooyi, was ranked at 171st place with revenues of $43.23 billion and Sanjay Jha's Motorola is at the 391st place, with $22.06 billion in revenues.

Interestingly, American companies have cornered 139 seats on the list, followed by Japan with 71, and then China, with 46 seats. This year, there are 12 Fortune Global 500 companies run by women, compared to 13 last year.

The magazine said Wal-Mart Stores had revenues to the tune of $408.21 billion, while Royal Dutch Shell and ExxonMobil raked in revenues worth $285.12 billion and $284.65 billion, respectively.

Others on the list include BP at fourth place, followed by Toyota Motor (5th), Japan Post Holdings (6th), Sinopec (7th), State Grid (8th), AXA (9th) and China National Petroleum (10th.)
 
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