Eight Indian companies in Fortune 500 list; IOC, RIL lead pack

New York: Eight Indian companies have made the cut in the list of world's 500 largest companies compiled by Fortune magazine, with Indian Oil and Reliance Industries finding a place in the top 100. Out of the eight, five are state-run entities. With an annual revenue of $86,016 million, Indian Oil has cornered the 83rd spot up from 98th place last year.

Mukesh Ambani-led Reliance Industries is the first Indian private firm to made into the top 100 list. With annual revenue of $76,119 million, RIL, has improved its ranking to 99 from previous year's 134.

Besides IOC and RIL, the other Indian companies in the list are steel-maker Tata Steel, auto company Tata Motors, oil entities Bharat Petroleum, Hindustan Petroleum and Oil & Natural Gas and public sector bank State Bank of India.

Out of the eight, five are state-run entities. RIL is the first Indian private firm to made into the top 100 list.

The list also features Citigroup, ArcelorMittal, led by people with Indian roots.

Fortune's global list of world's 500 largest companies for 2012, compiled on the basis of latest annual revenue figures, is topped by Royal Dutch Shell ending the retail major Wal-Mart Stores's two-year winning streak. The energy giant had annual revenues of $484,489 million.

At the second place is energy firm Exxon Mobil, followed by Wal-Mart Stores, energy company BP, and oil producer and refiner Sinopec Group.

Bharat Petroleum featured at 225th place, followed by Hindustan Petroleum (267), SBI (285), Tata Motors (314), ONGC (357) and Tata Steel (401).

According to magazine, Bharat Petroleum had the revenues to the tune of $44,582 million, followed by Hindustan Petroleum ($38,885 million), SBI (36,950 million), Tata Motors ($34,575 million), ONGC (30,746 million) and Tata Steel ($27,739 million.)

Interestingly, the 2011 list also featured the same eight Indian companies.

Last year, Bharat Petroleum was at the 272nd position, followed by SBI (292), Hindustan Petroleum (336), Tata Motors (359), ONGC (361) and Tata Steel (370).

American companies have cornered 132 places in the list, followed by China, with 73 seats and then Japan with 68 seats.

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