Mukesh Ambani's Reliance Industries Limited (RIL) kept its spot as the top-ranked Indian company on the 2024 Fortune Global 500 list. This year, RIL moved up from 86th to 88th place.
The number of Indian companies on the list increased this year, with nine companies included in the Fortune 500 Companies. It is for the first time that the Indian private bank HDFC made it to the list.
How is Fortune 500 Companies List Decided?
The Fortune Global 500 list ranks companies based on their total revenues for the fiscal year ending on or before March 31, 2024.
The 2024 list was released by Fortune, a global media company, on August 5, 2024. Walmart, an American company, held the top spot for the 11th year in a row.
Top Indian Companies in Fortune 500 List
Nine Indian companies are listed in this year's Fortune 500, with RIL at the top.
Following is the list of top Indian companies who made it to the list for Fortune 500:
| Company Name | 2024 ranking | 2023 ranking | Increased (+)/decreased (-) rankings in comparison to 2023 |
| Reliance Industries Limited (RIL) | 86 | 88 | +2 |
| Life Insurance Corporation (LIC) | 95 | 107 | +12 |
| Indian Oil Corporation (IOC) | 116 | 94 | -22 |
| State Bank of India (SBI) | 178 | 235 | +57 |
| Oil and Natural Gas Corporation (ONGC) | 180 | 158 | -22 |
| Bharat Petroleum Corporation Limited (BPCL) | 258 | 233 | -25 |
| Tata Motors | 271 | 337 | +66 |
| HDFC Bank | 306 | Not included | - |
| Rajesh Export | 473 | 353 | -120 |
Fortune 500 List: Top 10 Companies
For the 11th year in a row, Walmart, an American company, has ranked first on the Fortune Global 500 list. The most profitable corporation in the world is still Aramco, based in Saudi Arabia.
Here is the Fortune Global 500 List's top ten list.
| Rank | Company Name | Headquarters |
| 1 | Walmart | Arkansas |
| 2 | Amazon | Washington |
| 3 | Apple | California |
| 4 | UnitedHealth Group | Minnesota |
| 5 | Berkshire Hathaway | Nebraska |
| 6 | CVS Health | Rhode Island |
| 7 | Exxon Mobil | Texas |
| 8 | Alphabet | California |
| 9 | McKesson | Texas |
| 10 | Cencora | Pennsylvania |
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