ONGC leads 34 Indian firms in Forbes' 2000 list

India's News.Net
Saturday 31st March, 2007 (ANI)

New Delhi, Mar.31 : ONGC leads 34 Indian corporate titans in the Forbes Global 2000 list of elite companies across the world.

ONGC occupies the 239th spot, followed by Reliance Industries (258), State Bank of India (326) and IndianOil (399). Making a remarkable move, ONGC has climbed up 17 places than the last years ranking at 256th position.

The Forbes' 2000 rankings for this year, which are based on sales, profits, assets and market valuation, feature eleven banks, five oil and gas companies, four IT giants, two utilities, and one telecom major.

The 2007 rankings indicate that globalisation is the essential element for business to prosper. Forbes says this year's comprehensive list of global superstars values the world's largest public companies including the hottest companies and best performers across 27 industries.

The following are the 34 Indian companies:

Oil and Natural Gas Corporation (239), Reliance Industries (258), State Bank of India (326), Indian Oil Corporation (399), National Thermal Power Corporation (494), ICICI Bank (536), Steel Authority of India (800), Tata Consultancy Services (1,047), Tata Steel (1,128), Infosys (1,130), Bharti Airtel (1,149), Housing Development and Finance Corporation (1,197), Wipro (1,233), Tata Motors (1,235), ITC (1,256), GAIL (1,278).

Punjab National Bank (1,308), Bharat Heavy Electricals Ltd (1,313), Canara Bank (1,360), Bharat Petroleum Corporation Ltd (1,372), HDFC Bank (1,376), Larsen and Toubro (1,380), Hindustan Petroleum Corporation Ltd (1,460), Bank of Baroda (1,585), Bank of India (1,691), Hindustan Zinc (1,700), IDBI (1,767), Union Bank of India (1,772), Satyam (1,874), Bajaj Auto (1,916), UCO Bank (1,931), Syndicate Bank (1,943), Indian Overseas Bank (1,946), and Oriental Bank of Commerce (1,974).

However, the top seven spots have gone to US companies, with two firms from the Netherlands and one from Switzerland making up the top 10. Argentina is represented on the Global 2000 for the first time ever.

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