Forbes released Global 2000 Companies list

May 7, 2015 12:10 IST

Forbes on 6 May 2015 released Global 2000 Companies list. The Forbes Global 2000 is a comprehensive list of the world’s largest, most powerful public companies, as measured by revenues, profits, assets and market value.

Global 2000 companies hail from 61 countries and account for combined revenues of 39 trillion US dollar, profits of 3 trillion US dollar, with assets worth 162 trillion US dollar, and a market value of 48 trillion US dollar.

Highlights of the Report

•Industrial and Commercial Bank of China tops the list for a third consecutive year, while Bank of China jumped 5 spots to the No.4 spot, knocking down JP Morgan Chase.

•Berkshire Hathaway stays at the 5th place, making Warren Buffet’s conglomerate the largest U.S. Company. For the first time, China’s four biggest banks own the top four spots.

•China and the USA split the top 10 spots for a second year in a row.

•U.S. tops the list with 579 companies. China with 232 stands second, surpassed Japan for the first time. With 218 companies, Japan slid to the third spot.

•The United Kingdom kept its fourth place with 95 companies, Europe overall lost 20 spots to finish with 486 companies this year, falling further behind Asia (691) and North America (645) in continental rankings.

•Two countries debut on the list this year: Argentina and Cyprus.

•India has added two companies to its last year’s tally.

•Reliance Industries is ranked 142 on the list, down from last year’s 135th spot, with a market value of 42.9 billion dollars and 71.7 billion dollars in sales.

•Reliance is followed by State Bank of India which is ranked 152 and has a 33 billion dollars market value.

•The other Indian companies on the list are Oil and Natural Gas ranked 183, Tata Motors (263), ICICI Bank (283), Indian Oil (349), HDFC Bank (376), NTPC (431), Tata Consultancy Services (485), Bharti Airtel (506), Axis Bank (558), Infosys (672), Bharat Petroleum (757), Wipro (811), Tata Steel (903) and Adani Enterprises (944).

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Quick Digest

Who: Global 2000 Companies list

What: Forbes released

When: 6 May 2015

Is this article important for exams ? Yes26 People Agreed
Read more Current Affairs on: Global 2000 companies list , Forbes , Topped by China

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