7 Indian companies in Fortune 500 list
Fortune 500 companies are those companies which has highest revenue in the world most of the company belong to USA,Europe , Japan and China.
So here is the 7 Indian companies which can compete in Fortune 500 list. Which is only 1.4%, we all hope that this number definitely increase.
Here is the list of Only these 7 Indian companies that shows up in Fortune 500 list
Reliance Commercial Corporation was founded by Dhirubhai Ambani in 1966 as a polyester firm. It got renamed as Reliance Industries on May 08, 1973.
Reliance later entered into financial services, petroleum refining, power sector. By 2002 Reliance had grown into a U$15 billion conglomerate. After the death of Dhirubhai Ambani on 6 July 2002, Reliance was headed by his sons.
The Reliance ADA Group was formed in 2006 after the two brothers Mukesh Ambani and Anil Ambani, split Reliance Industries in December 2005.Anil Ambani got the responsibility of Reliance Infocomm, Reliance Energy and Reliance Capital.
Reliance Group entered the power sector through Reliance Power, and the entertainment sector by acquiring Adlabs.
In October 2010, Reliance power placed world’s largest order worth $8.29 billion to Shanghai Electric Group to supply power equipment based on Supercritical steam generator technology.
On 28 October 2017, the group launched construction of a defense production unit in Mihan-SEZ region. The unit will be part of a joint venture between Reliance Group, led by Anil Ambani, and its JV partner French major Dassault Aviation.
The production at Mihan-SEZ will begin with components for the Rafale warplanes and Falcon business jet produced by Dassault.
It is expected to fully assemble both the aircraft in the Nagpur unit in the coming years.
02. State bank of India
The roots of the State Bank of India lie in the first decade of the 19th century when the Bank of Calcutta later renamed the Bank of Bengal, was established on 2 June 1806.
The Bank of Bengal was one of three Presidency banks, the other two being the Bank of Bombay (incorporated on 15 April 1840) and the Bank of Madras (incorporated on 1 July 1843).
All three Presidency banks were incorporated as joint stock companies and were the result of royal charters. These three banks received the exclusive right to issue paper currency till 1861 when, with the Paper Currency Act, the right was taken over by the Government of India.
The Presidency banks amalgamated on 27 January 1921, and the re-organised banking entity took as its name Imperial Bank of India. The Imperial Bank of India remained a joint stock company but without Government participation.
HPCL was incorporated in 1974 after the takeover and merger of erstwhile Esso Standard and Lube India Limited by the Esso (Acquisition of Undertakings in India) Act 1974.
Caltex Oil Refining (India) Ltd. (CORIL) was taken over by the Government of India in 1976 and merged with HPCL in 1978 by the CORIL-HPCL Amalgamation Order, 1978. Kosan Gas Company was merged with HPCL in 1979 by the Kosangas Company Acquisition Act, 1979.
In 2003, following a petition by the Centre for Public Interest Litigation (CPIL), the Supreme Court of India restrained the Central government from privatising Hindustan Petroleum and Bharat Petroleum without the approval of Parliament.
As counsel for the CPIL, Rajinder Sachar and Prashant Bhushan said that the only way to disinvest in the companies would be to repeal or amend the Acts by which they were nationalised in the 1970s.
As a result, the government would need a majority in both houses to push through any privatisation. HPCL has been steadily growing over the years. The refining capacity increased from 5.5 million metric tonnes (MMT) in 1984/85 to 14.80 million metric tonnes as of March 2013.
On the financial front, the net income from sales/operations grew from ₹2687 crores in 1984–1985 to ₹2,06,529 crores in financial year 2012–2013. During FY 2013-14, its net profit was ₹1740 crores.
04. Indian oil
It is the largest commercial oil company in the country, with a net profit of INR 19,106 crore (USD 2,848 million) for the financial year 2016–17.
It is ranked 1st in Fortune India 500 list for year 2016 and 168th in Fortune’s ‘Global 500’ list of world’s largest companies in the year 2017.
As of 31 March 2017 IndianOil’s employee strength is 33,135, out of which 16,545 are in the officer cadre. It is India’s largest downstream oil company, with a work force of more than 33,000 employees, a turnover of Rs. 506,428 crore and a net profit of Rs. 21,346 crore in 2017-18.
05. Bharat Petroleum
The company today known as BPCL started off as Rangoon oil company and thereafter Burmah Oil, an oil exploration company set up to explore the new discoveries off Assam and Burma during the British colonial rule of India. In 1889 during vast industrial development, an important player in the South Asian market was the Burmah Oil Company.
Though incorporated in Scotland in 1886, the company grew out of the enterprises of the Chef Rohit Oil Company, which had been formed in 1871 to refine crude oil produced from primitive hand dug wells in Upper Burma.
In 1928, Asiatic Petroleum Company (India) started cooperation with Burma oil company. Asiatic Petroleum was a joint venture of Royal Dutch, Shell and Rothschilds formed to address the monopoly of John D Rockefeller’s Standard Oil, which also operated in India as Esso. This alliance led to the formation of Burmah-Shell Oil Storage and Distributing Company of India Limited.
Burmah Shell began its operate operations with import and marketing of Kerosene.In the mid 1950s, the company began to sell LPG cylinders to homes in India and further expanded its delivery network.
It also marketed kerosene, diesel and petrol in cans in order to reach remote parts of India. In 1951, the Burmah shell began to build a refinery in Trombay (Mahul, Maharashtra) under an agreement with the Government of India
In 2017, Bharat Petroleum Corporation Limited (BPCL) received Maharatna status, putting it in the category of government-owned entities in India with the largest market capitalization and consistently high profits. status on 12 September 2017.
06 Tata Motors
Tata Motors Limited, formerly Tata Engineering and Locomotive Company (TELCO), is an Indian multinational automotive manufacturing company headquartered in Mumbai, Maharashtra, India.
It is a subsidiary of Tata Group, an Indian conglomerate. Its products include passenger cars, trucks, vans, coaches, buses, sports cars, construction equipment and military vehicles.
Tata Motors is listed on the (BSE) Bombay Stock Exchange, where it is a constituent of the BSE SENSEX index, the National Stock Exchange of India, and the New York Stock Exchange. The company is ranked 226th on the Fortune Global 500 list of the world’s biggest corporations as of 2016.
On 17 January 2017 Natarajan Chandrasekaran was appointed chairman of the company Tata Group. Tata Motors increases its UV market share to over 8% in fy2019
07. Rajesh Exports:
The company was founded in 1989 by the current executive chairman, Rajesh Mehta and his brother Prashant Mehta, Rajesh Exports MD. The brothers started manufacturing in a ten-person shop located in their garage in Bangalore.
By 1990, the company opened a retail front and rapidly expanded.
In 2001, the company built a large manufacturing facility in Bangalore. In 2015, the company acquired the largest gold refiner in the world, Valcambi of Balerna, Switzerland, for $400 million.Now they are planning to expand their Shubh Jewellers retail store.
7 Indian companies in Fortune 500 list
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