New York. Mukesh Ambani’s Reliance Industries leads the way of 56 Indian firms in Forbes’s yearbook of world’s 2,000 largest and the most powerful public companies, with the US topped the list with 586 companies.
The 2016 Forbes ‘Global 2000’, a landscape of world’s largets companies, shows the supremacy of US and China in the current global business snapshot.
India's count of 56 of the world's biggest companies remains the same as last year with Reliance Industries upholds its top position of leading the largest public companies in India.
However, Reliance revamped its ranking this year to 121 from 142 last year, with a market value of $50.6 billion and assets worth $91.5 billion. Reliance being followed by State Bank of India, which is ranked 149 and has a 23.3 billion dollar market value.
The other Indian companies on the list are Oil and Natural Gas ranked (220), ICICI Bank (266), HDFC Bank (275), Indian Oil (371), Tata Consultancy Services (385), NTPC (400), Bharti Airtel (453), Axis Bank (484), Infosys (590), Bharat Petroleum (650), Wipro (755, Tata Steel (1178) and Adani Enterprises (1993).
Also making to the list are Coal India (465), Larsen and Toubro (505), ITC (781), Kotak Mahindra Bank (899), Mahindra and Mahindra (901) and HCL Technologies (943).
Chinese banks held on to the top three spots in the list, a comprehensive annual ranking of the world's largest public companies.
Chinese banks held on to the top three spots in the list, a comprehensive annual ranking of the world's largest public companies. Industrial and Commercial Bank of China, China Construction Bank and Agricultural Bank of China held onto their leading positions, despite a slowing Chinese economy that hurt profits and knocked peer Bank of China from fourth place to sixth, Forbes said.
The 2016 list features public companies from 63 countries that together account for $35 trillion in revenue, $2.4 trillion in profit, $162 trillion of assets, and have a combined market value of $44 trillion.