On December 2, 2020 Fortune India announced the 2020 Fortune 500 Ranking List of Indian companies . The list is topped by Reliance Industries Ltd (RIL) with revenue of Rs 615,854.00 crore, accounting for 7% of cumulative revenues and 11% profit of the companies featured. RIL retains the top rank for the 2nd time.
Indian Oil Corporation Ltd.(IOCL) secured 2nd rank with revenue of Rs 493,932.99 crore followed by Oil & Natural Gas Corporation with revenue of Rs 405,243.31 crore.
The Fortune India 500 list is prepared based on the revenue and the figures of 2020 is pertains to fiscal year 2019-2020.
Highlights of the List:
i.State Bank of India-SBI is ranked in 4th spot with revenue of Rs 368,010.65 crore, followed by Bharat Petroleum Corporation(Rs 288,974.97 crore revenue) and Tata Motors(Rs 261,875.55 crore revenue).
ii.7th spot is secured by Rajesh Exports with Rs 195,607.23 crore revenue, followed by Tata Consultancy Services(Rs 161,541.00 crore revenue) and ICICI Bank (Rs 149,786.10 crore revenue).
iii.Larsen & Toubro-L&T with Rs 147,820.13 crore revenue, secures the 10th rank.
Table of Top 3 Companies in 2020 Fortune 500 List of Indian Companies
|Rank||Organisation Name||Revenue in Rs(crore)|
|1||Reliance Industries Ltd. (RIL)||615,854.00|
|2||Indian Oil Corporation Ltd.(IOCL)||493,932.99|
|3||Oil & Natural Gas Corporation||405,243.31|
Key Info about the List 2020:
- The list includes 38 companies with revenues of over Rs 50,000 crore each, accounting for almost 60% of total revenue this year.
- About 139 companies revenue is under Rs 3,000 crore each, together accounting for below 4% of the total revenues.
- The manufacturing sector, with 303 companies, accounts for 62% of the total revenue and 76% of the total profit.
- The service sector, with 145 companies, accounts for 33% of the total revenue and 19% of the total profit.
- Oil and Gas companies together account for 22% of the total revenue and 20% of the total profit.
The 500th position is secured by IOL Chemicals & Pharmaceuticals with Rs 1,889.53 crore revenue.
About Fortune India 500
i.It is a ranking of the top 500 corporations in India compiled on the basis of latest sales and gross revenue figures.
ii.1st issue of Fortune India was published in September 2010 with Dibyendra Nath Mukerjea as the editor and Pavan Varshnei as the president.
RIL, IOCL, Oil & Natural Gas Corporation, SBI and Bharat Petroleum Corporation made into the 2020 Fortune Global 500 List.
Recent Related News:
On April 9, 2020 Forbes published the 34th annual list of Global Billionaires 2020 which topped Amazon Founder and Chief Executive Officer (CEO) Jeff Bezos for the 3rd time, followed by Microsoft co- founder and chairman of Bill & Melinda Gates Foundation Bill Gates. The chairman & managing director of Reliance Industries Mukesh Ambani (17th) topped the Indian list, followed by The founder of Avenue Supermarts Radhakishan Damani & family (65th).
About Reliance Industries Limited (RIL):
Chairman & Managing Director(CMD) – Mukesh Ambani
Headquarters – Mumbai, Maharashtra