Fortune India 500
Top 10 companies on the list (2023)[1]
Rank Company Total revenue
(in billion ₹)
1 Steady Reliance Industries 9202.74
2 Increase Indian Oil Corporation 8720.93
3 Decrease LIC 7924.27
4 Steady ONGC 6389.65
5 Increase Bharat Petroleum Corporation 4778.55
6 Decrease State Bank of India 4733.78
7 Steady Tata Motors 3573.17
8 Steady Tata Steel 2483.74
9 Increase Tata Consultancy Services 2289.07
10 Decrease Hindalco Industries 2212.68
Fortune India official website

The Fortune India 500 is a ranking of the top 500 corporations in India compiled on the basis of latest sales and gross revenue figures. The list is published annually by Fortune magazine.[2] Fortune India is Fortune's sixth international edition following local editions for China, Turkey, Korea, Indonesia as well as a special edition for Greece.[3][4]

Fortune India is published monthly in English, through a licence agreement between Time Inc., the publisher of Fortune (US) and Kolkata-based ABP Group, one of India's largest media companies.[5][6] The first issue of Fortune India was published in September 2010 with Dibyendra Nath Mukerjea as the editor and Pavan Varshnei as the president.[7][8] In October 2011, the publication celebrated its first anniversary with a double issue.[9]

The Fortune India 500 list ranks publicly traded companies by their annual audited total income for the financial year ending on or before 30 June. The list has been published in its current form since 2010, and also includes financial corporations and service providers, leading by revenue.[10]

History

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2023's Fortune India 500 list

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Reliance Industries has held the top spot for five consecutive years, while Indian Oil Corporation has moved up to second place and LIC has dropped to third place.[11]

2021 list

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Reliance Industries retained at the top spot for three successive years, whilst State Bank of India climbed up to second place and Indian Oil Corporation fell to third place.[12]

2020 list

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Reliance Industries continued on top place in the 2020 Fortune India 500 rankings, while Indian Oil Corporation and Oil & Natural Gas Corporation were second and third respectively.[13] Reliance Industries was ranked 96th in the Global Fortune 500 list, and the top 7 positioned companies in the Indian list made it to the global Fortune 500 list.[14]

2019 list

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Reliance Industries exchanged positions with Indian Oil Corporation for the top place in the 2019 Fortune India 500 rankings, while Oil & Natural Gas Corporation continued on the third position.[15]

2018 list

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Indian Oil Corporation continued on top place in the 2018 Fortune India 500 rankings, while Reliance Industries and Oil & Natural Gas Corporation was second and third respectively.[16]

2017 list

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Indian Oil Corporation topped the 2017 Fortune India 500 rankings, and Reliance Industries was listed second. The next three places were taken by State Bank of India, Tata Motors, and Rajesh Exports, respectively.[17]

2011 list

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Indian Oil Corporation, Reliance Industries and Bharat Petroleum Corporation dominate the list in the second year.[18]

Zee Entertainment Enterprises (#1 media, #256 overall), Sun TV Network (#2, #347), HT Media (#3, #383), Network 18 (#4, #413) and Dish TV (#5, #437) are in the list of media companies in the Fortune India 500 roster of India's largest corporations.[19]

Tata Consultancy Services (#1 IT, #20 overall), Wipro (#2, #25), Infosys (#3, #27), HCL Technologies Limited (#4, #49), Satyam Computer Services (#5, #153) and Tech Mahindra (#6, #161) are the top IT companies in the list.[20]

2011 breakdown by city

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This is a ranking of the top ten cities, with the most global 500 companies.[21]

Rank Cities Biggest companies of India
1 Mumbai 177
2 Delhi NCR 111
3 Kolkata 38
4 Chennai 34
5 Bangalore 25
6 Pune 25
7 Kochi 24
8 Ahmedabad 19
9 Hyderabad 17
10 Trivandrum 13

2010 list

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Indian Oil Corporation topped the inaugural Fortune India 500 rankings, and Reliance Industries was listed second. The next three places were taken by State Bank of India, Bharat Petroleum and Hindustan Petroleum respectively.[22]

See also

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References

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  1. ^ "Fortune 500: India". fortuneindia.com. Retrieved 3 September 2024.
  2. ^ "The top 20 companies in India — Rediff.com Business". Rediff.com. Archived from the original on 20 January 2012. Retrieved 23 January 2012.
  3. ^ "Fortune 6th international edition". Fortune. Archived from the original on 17 December 2010. Retrieved 9 December 2010.
  4. ^ "Fortune launches Indian edition". Medianewsline.com. 27 September 2010. Archived from the original on 6 September 2011. Retrieved 23 January 2012.
  5. ^ "'Fortune India' launches today; Bates 141 roped in as creative agency". Exchange4media.com. 24 September 2010. Archived from the original on 11 August 2014. Retrieved 23 January 2012.
  6. ^ "MIB nod to Indian edition of 'Fortune' magazine". Exchnge4media.com. 16 February 2010. Archived from the original on 11 August 2014. Retrieved 23 January 2012.
  7. ^ "Fortune India makes its debut". Campaign India. Archived from the original on 26 June 2019. Retrieved 26 June 2019.
  8. ^ "Fortune India hits the stands, finally". Business Standard India. Business Standard. 24 September 2010. Archived from the original on 15 January 2012. Retrieved 23 January 2012.
  9. ^ "Fortune India celebrates first anniversary with double issue". afaqs.com. afaqs!. 21 October 2011. Archived from the original on 23 August 2013. Retrieved 21 August 2013.
  10. ^ "India's 30 biggest companies — Rediff.com Business". Rediff.com. 22 December 2011. Archived from the original on 21 January 2012. Retrieved 23 January 2012.
  11. ^ "Fortune 500: India". fortuneindia.com. Retrieved 3 September 2024.
  12. ^ "Fortune India 500: 2021". Retrieved 13 May 2022.
  13. ^ "India's largest corporations". Fortune India. Retrieved 23 December 2020.
  14. ^ "Fortune Global 500 2020". Fortune. Retrieved 23 December 2020.
  15. ^ "India's largest corporations". Fortune India. Retrieved 23 December 2020.
  16. ^ "Fortune India 500 Ranking". Fortune India. Retrieved 25 December 2019.
  17. ^ "Fortune India 500 2017". Fortune. Archived from the original on 31 January 2018. Retrieved 31 January 2018.
  18. ^ "Fortune India 500 second year list". Fortune. 18 December 2011. Archived from the original on 18 December 2011. Retrieved 18 December 2011.
  19. ^ Media TV Print Media Radio Ooh Mediaah!. "Dish TV makes it to Fortune India 500, 4 biggies exit list". MxM India. Archived from the original on 2 May 2012. Retrieved 23 January 2012.
  20. ^ "Fortune India 500 complete list" (PDF). Fortune India. Archived from the original (PDF) on 3 January 2012. Retrieved 18 December 2011.
  21. ^ "India 500 2011: City". Fortune India. Archived from the original on 15 June 2012. Retrieved 14 December 2011. Number of companies data taken from the "Pick a city" box. [dead link]
  22. ^ "Fortune India 500". Fortune. Archived from the original on 17 December 2010. Retrieved 9 December 2010.
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