Eight Indian companies, including Indian Oil Corporation (IOC) and Mukesh Ambani-led Reliance Industries Limited (RIL) featured in the list of the world's 500 largest companies compiled and released by Fortune magazine on 11 July 2011. The other Indian companies on the list are: SBI (282), BPCL (307), HPCL (354), Tata Steel (410), ONGC (413) and Tata Motors (442).
Indian Oil is at the 98th spot, up from 125th place last year. Mukesh Ambani-led Reliance Industries also improved its ranking from previous year's 175 to 134th position. Indian Oil raked in annual revenues of USD 68,837 million while that of Reliance Industries stood at USD 58,900 million.
In the latest ranking, except State Bank of India, all other entities have improved their positions.
Tata Motors has made an entry into the list for the first time this year. The list also features Citigroup, ArcelorMittal, Pepsico and Motorola, led by people with Indian roots.
Out of the eight Indian companies in the list, five are state-run entities.
Fortune's global list of world's 500 largest companies for 2011, compiled on the basis of latest annual revenue figures, is topped by retail giant Wal-Mart Stores. The retailer had annual revenues of USD 421,849 million.
Wal-Mart Stores is followed by Royal Dutch Shell (USD 378,152 million) and Exxon Mobil (USD 354,674 million) at second and third positions, respectively.
The other companies in the top ten are as follows: BP (4), Sinopec Group (5), China National Petroleum (6), State Grid (7), Toyota Motor (8), Japan Post Holdings (9) and Chevron (10).
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