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Fortune favours IOC with top ranking again

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fortune 500

Mumbai: State-run Indian Oil Corporation has maintained its numero uno position followed by Reliance Industries in terms of revenue for the sixth consecutive year in the list of Fortune 500 Indian companies 2015.

IOC tops the chart with an annual revenue of Rs4,51,911 crore, while Mukesh Ambani-led RIL’s full-year revenue is Rs3,82,565 crore.

Tata Motors with a revenue of Rs2,67,025 crore jumped to third slot from last year’s fifth place by replacing Bharat Petroleum (BPCL). State Bank of India (SBI) moved to fourth position with an annual revenue of Rs2,57,289 crore, from sixth rank in 2014.

Bharat Petroleum (BPCL) is ranked fifth with an annual revenue of Rs2,40,367 crore. It had grabbed the third spot in last year’s ranking.

The list, which has been compiled by global business magazine Fortune’s Indian edition since 2010, said the total revenue of firms has grown  a merely 2.7 per cent and profits fell 5.9 per cent compared with 2014.

“While the total revenue of Fortune India 500 companies has nearly doubled from Rs38,16,000 crore in 2010 to Rs71,27,000 crore in 2015, the same cannot be said of profits, which went up by a meagre 3.6 per cent over the period,” the magazine noted.

Others in the top 10 are Hindustan Petroleum (sixth in the ranking, with a revenue of Rs2,13,380 crore, followed by ONGC Rs1,65,161 crore, Tata Steel Rs1,41,669 crore, Hindalco Industries Rs1,06,897 crore and TCS Rs98,368 crore.

According to Fortune India, “While the overall scene does not seem too promising, individual companies are swimming against the tide to deliver value to customers and shareholders.”

Among others in the list are Idea Cellular (47th rank), Asian Paints (85), TVS Motor Company (125), Godrej Consumer Products (157), Kwality (195), Aegis Logistics (271), Srei Infrastructure Finance (303), Transport Corporation of India (397) and Persistent Systems (447).

The ranking is based on total revenues of the organisation. Other individual parameters include year-on-year change in total revenues, net operating income, profits, assets, networth, dividend, among others.

Fortune ranks top players across different sectors ranging from banking, telecommunications, automobiles, consumer durables, pharma, FMCG, infrastructure, media, oil and gas, power, real estate, retail and among others.

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