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FORTUNE 500 – 2016: 7 Indian Companies among the 500 International Entries

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Famous Business Magazine Fortune has released the top 500 lisitngs of the world biggest companies for the year 2016.

What is FORTUNE 500 List?

FORTUNE 500

Fortune is a New York based international Business Magazine managed by Time Inc., and dated back to 1929 for its foundation. This magazine is well known for its Fortune 500 list, a detailed and analytical rankings of the international companies depending upon their economy and values. Every year this magazine released various listings such as Fortune 500, 100; Fortune Global 500, Fortune India 500, 40 under 40 and the unicorn List etc.

Fortune 500 – 2016:-

The Fortune list for 2016 was released on July 21. The top runners of this listing are as follows,

  1. Wal-Mart with revenue of $482,130
  2. Exxon with revenue of Mobil$246,204
  3. Apple with revenue of $233,715
  4. Berkshire Hathaway with revenue of $210,821
  5. McKesson with revenue of $181,241
  6. UnitedHealth Group with revenue of $157,107
  7. CVS Health with revenue of $153,290
  8. General Motors with revenue of $152,356
  9. Ford Motor with revenue of $149,558
  10. AT&T with revenue of $146,801  

Indian companies among the listings:-

               Indian Oil Corp is ranked highest at 161st among Indian firms, at the same time another state-run firm ONGC has moved out of the rankings for 2016. This time we have a new entry of famous Private gems and jewellery major Rajesh Exports at 423rd position.

There are 7 Indian Companies in this prestigious list. The respective rankings are:- 

  • Indian Oil Corp – 161,
  • RIL – 215,
  • Bharat Petroleum – 358,
  • Hindusthan Petroleum – 367,
  • Tata Motors – 226,
  • SBI – 232,
  • Rajesh Exports – 423.

It is noted that the world’s 500 largest companies generated $27.6 trillion in revenues and $1.5 trillion in profits in 2015 and also these companies employ 67 million people worldwide and are represented by 33 countries as whole.