Reliance Industries Limited, led by billionaire Mukesh Ambani, has secured the highest rank among Indian companies on Forbes’ latest Global 2000 list. The company climbed from 53rd to 45th place this year, showcasing its upward trajectory and strong performance. Several other Indian companies also made it onto the list, demonstrating the country’s growing presence in the global business landscape.
Reliance Industries Rises to 45th Rank: Key Points
Reliance Industries Limited has achieved a significant jump in its ranking, moving up eight positions to reach the 45th spot on Forbes’ Global 2000 list. This recognition highlights the company’s success and its growing influence in the global market.
Other Indian Companies on the List
Alongside Reliance Industries, various Indian companies have been featured on the list, including Axis Bank, NTPC, Larsen & Toubro, Bharti Airtel, Kotak Mahindra Bank, Indian Oil Corporation, Infosys, Bank of Baroda, Coal India, Tata Steel, Hindalco, and Vedanta. The Adani Group has also secured three spots on the list with Adani Enterprises, Adani Power, and Adani Ports & Special Economic Zones.
Forbes’ ranking is based on four key metrics: sales, profits, assets, and market value. These parameters help assess the overall performance and value of each company.
Top Companies on the List
JPMorgan holds the top position on the Global 2000 list, followed by Saudi oil giant Aramco and three state-owned Chinese banks. Notably, Warren Buffet’s Berkshire Hathaway dropped to the 338th position due to unrealized losses in its investment portfolio. Reliance Industries has surpassed several well-known companies from different countries, solidifying its position as a global player.
State Bank of India and Other Indian Companies
The State Bank of India has climbed to the 77th position from its previous rank of 105th in the 2022 ranking, showcasing its improved performance. Other notable Indian companies on the list include HDFC Bank, ICICI Bank, Oil and Natural Gas Corporation (ONGC), HDFC, and Life Insurance Corporation (LIC). However, Tata Consultancy Services (TCS) experienced a slight decline in rank.
India’s Presence on the Global 2000 List
In total, 55 Indian firms have made it onto Forbes’ Global 2000 list, highlighting the country’s strong representation and growing influence in the global business arena. These companies showcase India’s diverse sectors and their contributions to the global economy.
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