America
Seven Indian companies among Fortune Global 500
By
By Arun KumarWashington, July 23
Seven Indian companies
headed by Indian Oil figure in this year's Fortune Global 500 list of
the world's 500 largest companies in 36 countries topped by retail giant
Walmart.
Together, these companies employing 65 million people
worldwide generated $31.2 trillion in revenue and $1.7 trillion in
profits in 2014, according to the list compiled by the US business
magazine.
Companies are ranked by total revenue for their respective fiscal years ended on or before March 31, 2015.
Heading
the Indian companies on the list was Indian Oil ranked 119th with
revenue of about $74 billion. It was followed by Reliance Industries
(158) with $62 billion and Tata Motors (254) with $43 billion.
State
Bank of India (260) came next with revenue of $42 billion followed by
Bharat Petroleum (280) with $40 billion, Hindustan Petroleum (327) with
$35 billion and Oil and Natural Gas (449) with $26 billion.
While
Indian Oil, Reliance, Bharat Petroleum, Hindustan Petroleum, and Oil
and Natural Gas slipped in rankings from the previous year, Tata Motors
and SBI improved in rankings.
Walmart with $485 billion in revenue and $16 billion in profits retained its top spot.
Chinese petroleum refining giant Sinopec Group came next followed by the Netherlands-based Royal Dutch Shell ranked third.
China National Petroleum and Exxon Mobil make up the top five.
The
US is home to 128 of the 500 global companies, including Apple (15), JP
Morgan Chase (61), IBM (82), Microsoft (95), Google (124), Pepsi (141),
Intel (182) and Goldman Sachs (278).
China has close to 100
companies on the list, including Bank of China (45), China Railway
Engineering (71) and China Development Bank (87).
(Arun Kumar can be contacted at [email protected])