Fortune Global 500: LIC’s amazing, surpasses Reliance
LIC is at 98th position
For the first time, Indian insurance company LIC has got a place on the Fortune Global 500 list. 9 companies from India have made it to the list this time. Out of 9 companies, 5 companies are government, and the remaining 4 companies are private. This list is prepared on the basis of revenue. LIC has been ranked 98th on the Fortune list. LIC ranks first in India with revenue of around $97.27 billion and a profit of $553.8 million.
Reliance is at number 104
Reliance Industries is second only to India in the Fortune Global 500 list. Reliance Industries is a part of this list permanently for 19 years. On a global basis, Reliance was classified 104th with revenue of $93.98 billion and net profit of $8.15 billion. Reliance Industries’ classification has improved by 51 places as compared to last year.
Tata Motors and Steel have also got a place
Apart from LIC and Reliance Industries, SBI is the banking sector name among Indian companies that have managed to enter this list. SBI managed to get 236 lines by jumping 17 places. At the same time, two companies in the Tata Motors and Tata Steel group also feature in the list. Tata Motors of the Tata Group is classified in 370. Similarly, Tata Steel managed to complete 435.
Among the companies that managed to make it to the list from India, the state-owned oil company was placed at the 4th position. The company ranking has increased by 28 places as compared to last year. At the same time, other government companies have managed to get 19000 by jumping in ONGC 16th place. BPCL has been ranked 295 in the public sector itself. There has been an improvement of 19 places in the ranking of BPCL as compared to last year.