Sunday 14 December 2014

IOC is Top Indian Company in 2014: Fortune 500

According to Fortune 500 list of Indian companies, State-run Indian Oil Corporation is the country's largest company in terms of revenue for 2014, followed by Reliance Industries and Bharat Petroleum.

Indian Oil Corp (IOC) tops the chart with an annual revenue of Rs 5,00,973 crore, while Mukesh Ambani-led Reliance Industries Ltd's (RIL) full-year revenue is Rs 4,44,021 crore.

Bharat Petroleum (BPCL) is at the third spot with a revenue of Rs 2,67,718 crore. Hindustan Petroleum's (HPCL) Rs 2,36,797 crore revenue earned the fourth place in the Fortune 500 list. IOC, RIL, BPCL and HPCL have retained their last year's respective ranks, Fortune India said.

This year's list, compiled by global business magazine Fortune's Indian edition, said there has been a 9.5 per cent annual growth in total revenues, while in terms of profit it is 4.5 per cent.

The government-owned companies, which account for 38 per cent of the total revenue, have seen a 6.6 per cent growth, while private companies with 56.7 per cent share have seen revenue growing by 10.2 per cent.

Foreign-owned companies with 5.3 per cent share have posted a 25.5 per cent revenue growth, Fortune India said.

Others in the top 10 list include Tata Motors (5th in the ranking, with a revenue of Rs 2,36,502 crore. State Bank of India (Rs 2,26,944 crore), ONGC (Rs 1,82,084 crore), Tata Steel (Rs 1,49,663 crore), Essar Oil (Rs 99,473 crore) and Hindalco Industries (Rs 89,175 crore) figure in the list in that order.



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