Global Fortune 500 companies

Fortune 500 is a prestigious global business ranking which indicates the top 500 businesses in the world. To achieve this distinction the companies or businesses have to be directed by management. In short the business general management shall take right decisions and formulate right strategies for a given period. That is why we are incorporating this article in our website which talks about ‘management’.
India Inc’s presence has grown in the Global Fortune 500 club with the debut of Tata Steel but its top seven entities collectively too are no match to global leader Wal-Mart.

The combined size of the seven Indian members in the league of Global Fortune 500 is less than 60 per cent of the turnover of the numero-uno Wal-Mart. Walmart was declared as no.1 as per the latest global rankings released by the US business magazine Fortune, which is based on the companies’ annual revenue. There are now seven Indian companies in this league, up from six last year.

Together these seven companies — Indian Oil Corp, Reliance Industries, BPCL, HPCL, Tata Steel, ONGC and SBI — have a turnover of $221.07 billion.
In comparison, Wal-Mart has retained its top position in the list with an annual turnover $378.8 billion.

Excluding IOC ranked at top among Indian companies, the six other Indian companies have a turnover of less than one-tenth of that of Wal-Mart. Including Wal-Mart as many as five companies globally have a higher revenue than the combined turnover of seven Indian firms.

These firms include ExxonMobil, ranked second after Wal-Mart with revenue of $372.8 billion, Royal Dutch Shell (3rd with $355.7 billion), BP (4th with $291.4 billion) and Toyota Motors (5th with $230.20 billion).

Besides Wal-Mart, the second-ranked ExxonMobil also has a size more than ten times of all the Fortune 500 companies from India except for IOC.

IOC has been ranked 116th with a turnover of $57.4 billion and is followed by RIL at 206th ($35.9 billion), Bharat Petroleum at 287th ($27.8 billion), Hindustan Petroleum at 290th ($27.8 billion), Tata Steel at 315th ($25.6 billion), ONGC at 335th ($24 billion) and SBI at 380th ($22.4 billion).

Riding high on the fastest revenue growth among the world’s 500 biggest companies, Ratan Tata-led Indian steel major has debuted on the list at 315th position.

In the latest list, the US has retained its position as the country with maximum number of Fortune 500 companies. There are 153 companies from the US on this year’s list, although it is down from 169 last year.

China also has a bigger presence on the list as compared to India with 29 companies. However, the Indian presence is bigger than the two other BRIC countries, Russia and Brazil that have five companies each on the list.

There are 64 firms from Japan, 39 from France, 37 from Germany, 35 from the UK, 14 from Canada and eight from Australia among other countries.

13 Indian cos among world’s 500 most valued firms: Thirteen Indian firms, led by Reliance Industries, have made to the list of world’s 500 most valued companies compiled by the UK business daily Financial Times even as 12 of them fell down from their previous rankings amid weak stock market trends.

FT publishes the list based on the market capitalisation of the companies at the end of every quarter and the latest rankings are based on March-end figures for this year. The previous list was based on market cap figures at the end of December 2007.

In the global list, ExxonMobil has replaced China’s PetroChia as the most valued firm, while US industrial conglomerate GE has retained its third position. Other firms in the top 10 include Gazprom, China Mobile, Industrial and Commercial Bank of China, Microsoft, AT&T, Royal Dutch Shell and P&G.

Among the Indian companies RIL has been ranked the highest at 80th, down 15 places from 65th earlier, with a market cap of 82 billion dollars.

RIL is followed by state-run ONGC at 148th (down from 115), public sector power major NTPC at 206th (down from 163), telecom giant Bharti Airtel at 218th (down from 193), realty major DLF at 329th (down from 195) and Reliance Communications at 350th position (down from 252). However, ITC climbed six spots to the 484th place, with a market value of 19.38 billion dollars.