Forbes 11th annual Global 2000 list released
Forbes 11th annual Global 2000 list of the biggest, most powerful and most valuable companies in the world.
Forbes 11th annual Global 2000 list was released on 7 May 2014. The Forbes Global 2000 is a comprehensive list of the world’s largest, most powerful public companies, which was measured by revenues, profits, assets and market value.
The top three biggest public companies and five of the top 10 are from China and added 25 firms to the list. The top 5 companies in the list are
1. Industrial & Commercial Bank of China (ICBC), China – Banking
2. China Construction Bank, China – Banking
3. Agricultural Bank of China, China – Banking
4. JPMorgan Chase, United States – Banking
5. Berkshire Hathaway, United States – Conglomerate
Technology giant Apple (15) followed by financial giant Citigroup (16), energy corporation Chevron on rank 18 and Facebook (561).
Banks and diversified financials dominate the list (476 firms), the next three biggest industries by membership are oil & gas (125 firms), insurance (114 firms) and utilities (100 firms) provided their contributions through their outsize revenue and massive assets.
The Asia-Pacific region came out on top and produced the most names on the Global 2000 for the seventh year running (707 firms) and followed by Europe with 605. US (564), Japan (225) and India (54). Africa has the least Global 2000 members, adding seven companies to the list.
For the first time firms from Mauritius, Slovakia and Togo joined the Global 2000 list.
Indian Companies in the list
Mukesh Ambani-led Reliance Industries (rank 135) leads the Indian list, followed by State Bank of India (155). The other companies in the list are Oil and Natural Gas ranked 176; ICICI Bank (304); Tata Motors (332); Indian Oil (416); HDFC Bank (422); Coal India (428); Larsen & Toubro (500); Tata Consultancy Services (543); Bharti Airtel (625); Axis Bank (630); Infosys (727); Bank of Baroda (801); Mahindra & Mahindra (803); ITC (830); Wipro (849); Bharat Heavy Electricals (873); GAIL India (955); Tata Steel (983) ;Power Grid of India (1011).
Wal-Mart took the No. 1 spot in sales; Fannie Mae tops in profits and also leads in assets; and Apple is the company with the highest market value.