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27 Indian companies on Forbes list

New Delhi, March 31, IRNA -- Twenty-seven Indian companies have made it to Forbes magazine`s list of 2000 top firms worldwide with their ranking based on composite sales, profits, assets and market value.

The Indian pack is led by Indian Oil followed by State Bank of India and is dominated by banking, oil and gas industries.

Among the Indian companies making it to the list are 10 banking organizations, 5 oil and gas companies, 2 telecommunication firms and 2 software giants--Infosys Technologies and Wipro.

Indian Oil is ranked 243 and Oriental Bank of Commerce just about makes it, getting the last position at 2000. The number of Indian firms making it to the list is up from last year`s 20.

The worldwide list is led by Citi Group and among the top ten are 7 United States-based companies, 2 British and 1 Japanese.

The aggregate sale of the 2000 companies is $19 trillion which ring up profits of $760 billion. Their assets amount to $68 trillion with a market value of $24 trillion. Together, they employ 64 million workers.

Besides the State Bank of India which is ranked 251, the Indian banking group making it to the list include ICICI Bank (820), Canara Bank (1271), Punjab National Bank (1286), Bank of India (1344), Bank of Baroda (1358), Industrial Development Bank of India (1555), Union Bank of India (1642) and Indian Overseas Bank (1984).

The companies dealing with oil and gas are led by IOC followed by ONGC (273), Reliance Industries (303), Bharat Petroleum (804) and Hindustan Petroleum (856).

... Payvand News - 3/31/04 ... --

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