More reports on: Economy - general

Reliance Industries India's richest firm; IOC, HDFC follow

news
11 March 2015

Reliance Industries Ltd is the country's largest corporate house with assets worth Rs3.68 lakh crore, followed by state-owned Indian Oil Corp and mortgage lender HDFC.

 In the list of top 10 corporates in terms of assets, RIL and HDFC (Housing Development Finance Corp) were the only two firms from the private sector, data compiled by the corporate affairs ministry showed.

 At the end of March 2014, RIL's assets stood at Rs3.68 lakh crore, while that of Indian Oil Corp and HDFC was at Rs2.52 lakh crore and Rs2.25 lakh crore respectively.

This information was given by corporate affairs minister Arun Jaitley in a written reply to the Rajya Sabha.

Other entities in the top 10 are Power Finance Corp (4), National Thermal Power Corp (5), Rural Electrification Corp (6), Power Grid Corp (7), LIC Housing Finance (8), Steel Authority of India (9) and Bharat Sanchar Nigam Ltd (10).

Power Finance Corp's assets stood at Rs1.94 lakh crore, NTPC Rs1.80 lakh crore, Rural Electrification Corp Rs1.53 lakh crore, Power Grid Corp Rs1.40 lakh crore, LIC Housing Finance Rs95,777 crore, Steel Authority of India Ltd Rs91,962 crore, and Bharat Sanchar Nigam Ltd Rs89,333 crore.

The list is based on data from 4,15,886 companies which had filed their balance sheets for the year 2013-14 till November 30, 2014.

"The total reported value of the assets of all the 4,15,886 companies was Rs117.08 lakh crore and the share of top ten companies in the total value of assets was 15.3 per cent on 31 March 2014," Jaitley said.





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