Reliance industries Current Affairs

Indian Oil Corp tops in 2015 Fortune 500 companies in India list

State-run Indian Oil Corporation (IOC) has emerged as the country’s biggest company in terms of annual revenue as per an annual list of 2015 Fortune 500 companies in India.

IOC topped the list for consecutive sixth year with annual revenue of Rs. 4,51,911 crore. IOC was followed by Mukesh Ambani-led private sector Reliance Industries at the second place with a revenue of Rs. 3,82,565 crore.

Top ten companies are

  • Indian Oil Corp (IOC):4,51,911 crore annual revenue.
  • Reliance Industries: Rs 3,82,565 crore annual revenue.
  • Tata Motors: Rs 2,67,025 crore annual revenue. It has jumped to third slot from fifth place in 2014.
  • State Bank of India (SBI): Rs 2,57,289 crore annual revenue. It was ranked sixth in 2014.
  • Bharat Petroleum (BPCL): Rs 2,40,367 crore annual revenue. In 2014, it was placed at the third spot.
  • Hindustan Petroleum: Rs 2,13,380 crore annual revenue.
  • Oil and Natural Gas Corporation (ONGC): Rs 1,65,161 crore annual revenue.
  • Tata Steel: Rs 1,41,669 crore annual revenue.
  • Hindalco Industries: Rs 1,06,897 crore annual revenue.
  • Tata Consultancy Services (TCS): Rs 98,368 crore annual revenue.

Key facts

  • This year’s list of the country’s 500 largest corporations was compiled by the global business magazine Fortune’s Indian edition.
  • Total revenue of all firms has grown a mere 2.7 per cent and profits fell by 5.9 per cent compared with 2014.
  • In this edition of list there are as many as five energy companies in the top 10. Besides, there are a total of five state-run companies in the top-ten.

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Mukesh Ambani India’s richest person for 9th consecutive year: Forbes

Industrialist Mukesh Ambani has been named as India’s richest person for ninth consecutive year in a row with a net worth of 18.9 billion dollars in the 2015 Forbes magazine’s India rich list.

Presently, Mr. Ambani is the Chairman, Managing director (MD) and largest shareholder of Reliance Industries Limited (RIL). It should be noted that RIL is India’s second most valuable company by market value after Tata Consultancy Services (TCS).

Key facts

  • Top 10: Mukesh Ambani (18.9 billion dollars), Dilip Shanghvi (18 billion) of Sun Pharma, Azim Premji (15.9 billion) of Wipro , Hinduja brothers (15.9 billion), Pallonji Mistry (14.7 billion), Shiv Nadar (12.9 billion), Godrej family (11.4 billion), Lakshmi Mittal (11.2 billion), Cyrus Poonawala (7.9 billion) and Kumar Mangalam Birla (7.8 billion).
  • The combined wealth of India’s 100 richest persons remained largely unchanged at 345 billion dollars in 2015 as compared to 346 billion dollars in 2014.
  • Flipkart’s co-founders Sachin and Binni Bansal have made their debut in this edition of list. They are placed at 86th position with a net worth of 1.3 billion dollars each.
  • There are 12 newcomers in this edition of list including Flipkart’s founders, IndiGo’s co-founder Rakesh Gangwal.
  • Four women have featured in this edition of list with collective wealth of 9.2 billion dollars. They are Savitri Jindal (3.8 billion)- ranked 23rd, Leena Tewari ranked 54th, Indu Jain (1.9 billion)- ranked 57th and Qimat Rai Gupta (1.4 billion)- ranked 74th.
  • Forbes magazine has compiled the list using shareholding and financial data obtained from individuals and families, stock exchanges, analysts and regulators.

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