Ril In The Fortune India 500 List

Industrialist Mukesh Ambani led Reliance India Limited (RIL) has ranked second in

the Fortune India 500 list compiled by business magazine Fortune in its December 2010 edition released on Thursday.

In the first-ever Fortune list of Indian companies, RIL contended one of the top spots second only to Indian Oil Corporation that managed the top slot as compared to State Bank of India and Bharat Petroleum Corporation who acquired third and fourth places, respectively. The list includes listed companies and privately-held firms and their rankings are based on the total revenues incurred by the organizations. Other evaluation check marks include year-on-year change in revenues, net operating income, profit, assets, net worth, dividend and total salaries.

Reliance Industries entry on the second spot is an encouraging feat for the corporation, which stands tall with its numerous outings and a successful business structure credited to its strong arm leader.

An average revenue of a company on the Fortune India 500 list standing at Rs.7,632.50 crore is an indicator of the massively growing Indian corporation structure that have managed to strategically mature along the lines of global corporate heads. The total revenue of the Fortune India 500 companies stands at Rs.38,16,239.40 crore (nearly $850 billion). This is nearly 60% of Indias GDP, quoted the magazine.

The list goes on to include Hindustan Petroleum, Oil and Natural Gas Corp, Tata Steel, Tata Motors, Hindalco Industries and ICICI Bank as its remaining slot bearers in the top ten list.

This list is a transparent gauge to indicate how much Indian companies have evolved and successfully grown into profit making corporations in the last decade. Joining now in the league of elite 500 corporations of the world, Indian companies, like RIL, have carved a successful share in the global market as the futuristic industrial moguls with an ambitious standing among the confederation of global giants.

by: Chintan Shah

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