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Forbes Lists ONGC No 1 Indian firm news
30 March 2007

Oil and Natural Gas Corporation (ONGC) has topped in the list of 34 Indian firms in the Forbes list of 2000 corporate giants across the world. The ranking is based on sales, profits, assets and stock market value.

At the top of the Indian list is ONGC, ranked 239 in the overall global ranking, is followed by Reliance Industries with an overall global ranking 258, State Bank of India, which is globally at 326 and Indian Oil, with an overall global ranking 399.

In the ranking for Indian firms there are five oil and gas companies, four software giants, three each dealing in materials and capital goods, two utilities, and one food, consumer durable and telecommunications major.

In the IT segment Tata Consultancy is ranked 1,047 following Infosys Technologies (1,130), Wipro (1,233) and Satyam Computer Services (1,874).

Bajaj Auto is the only Consumer Durables company ranked 1916 and Bharti Airtel is the only Indian telecommunications company ranked 1,149 among 2000 giants

Citigroup has been ranked number 1 in Forbes 2000 followed by Bank of America, HSBC Holdings, General Electric, JP Morgan Chase, American Intl Group, ExxonMobil (all American), Royal Dutch Shell (Netherlands), UBS (Switzerland) and ING Group (Netherlands).

The 2007 rankings indicate that globalisation is the essential element for business to prosper. Forbes says this year''s comprehensive list of global superstars values the world''s largest public companies including the hottest companies and best performers across 27 industries.

 

Rank

Company

Industry

1

239

Oil & Natural Gas

Oil & Gas Operations

2

258

Reliance Industries

Oil & Gas Operations

3

326

State Bank of India Group

Banking

4

399

Indian Oil

Oil & Gas Operations

5

494

NTPC

Utilities

6

536

Icici Bank

Banking

7

800

Steel Authority of India

Materials

8

1047

Tata Consultancy Svcs

Software & Services

9

1128

Tata Steel

Materials

10

1130

Infosys Technologies

Software & Services

11

1149

Bharti Airtel

Telecommunications Services

12

1197

HDFC-Housing Devel

Banking

13

1233

Wipro

Software & Services

14

1235

Tata Motors

Capital Goods

15

1256

ITC

Food Drink & Tobacco

16

1278

GAIL (India)

Utilities

17

1308

Punjab National Bank

Banking

18

1313

Bharat Heavy Electricals

Capital Goods

19

1360

Canara Bank

Banking

20

1372

Bharat Petroleum

Oil & Gas Operations

21

1376

HDFC Bank

Banking

22

1380

Larsen & Toubro

Capital Goods

23

1460

Hindustan Petroleum

Oil & Gas Operations

24

1585

Bank of Baroda

Banking

25

1691

Bank of India

Banking

26

1700

Hindustan Zinc

Materials

27

1767

Indl Dev Bank of India

Banking

28

1772

Union Bank of India

Banking

29

1874

Satyam Computer Services

Software & Services

30

1916

Bajaj Auto

Consumer Durables

31

1931

UCO Bank

Banking

32

1943

Syndicate Bank

Banking

33

1946

Indian Overseas Bank

Banking

34

1974

Oriental Bank of Commerce

Banking

 


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Forbes Lists ONGC No 1 Indian firm