Forbes ‘Global 2000’ list 2018: Top 58 Largest Indian Public Companies
Forbes, the business magazine, in June this year, released the ‘Global 2000’ list mentioning the largest public sector companies all over the world. The list featured a total of 2000 largest public sector companies in which 58 companies were from India. This is a proud moment for India as it stands amongst the best public companies operating worldwide. The major companies which dominated in the list for India were oil companies and banks. This list is created by the Forbes magazine after taking into consideration the four parameters – Market value, assets, sales, and profits. The magazine utilized the latest twelve months financial data of these 2000 public companies to bring out this list for its readers.
These largest Indian public companies based on their ranks (in descending order) are as follows:
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These largest Indian public companies based on their ranks (in descending order) are as follows:
1. Reliance Industries Ltd. (RIL): The Mukesh Ambani led Reliance Industries Ltd (RIL)stands at the 83rd position in the Forbes ‘Global 2000’ list for 2018. It was founded in 1966 and is headquartered in Mumbai. The organization deals in the production of gas and oil, marketing textiles, petroleum refining, special economic zones, and retail. The success of Reliance Jio and hike in the oil prices led to the rise of the company’s market capitalization and making its place in the magazine.
Market capitalization: $93.1 billion
Assets: $125.2 billion
Sales: $60.8 billion
Profits: $5.6 billion
2. HDFC Bank: HDFC Bank, India’s largest banker, is positioned at the 202nd rank based on its market capitalization of $77.6 billion in the Forbes ‘Global 2000’ list for 2018. Founded in 1994 and having headquarters in Mumbai, this bank is headed by Aditya Puri. Its primary functions consist of banking and financial services.
Market capitalization: $77.6 billion
Assets: $169.1 billion
Sales: $15.7 billion
Profits: $2.9 billion
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3. Oil & Natural Gas Corporation Limited (ONGC): ONGC ranks at the 266th spot in the Forbes list of largest public companies for this year. It is the country’s largest oil and natural gas company engaged in the exploration and production of petroleum products. It commenced its operations on August 14, 1956, and is currently headed by
Shashi Shanker.
Market capitalization: $35.7 billion
Assets: $65.5 billion
Sales: $18.7 billion
Profits: $3.1 billion
4. Indian Oil: Indian Oil Corporation Limited, headed by Sanjiv Singh, occupies the 270th position in the Forbes ‘Global 2000’ list for 2018. This national oil company was established in the year 1958 and has its headquarters in New Delhi. It deals in refining and marketing of petroleum products like crude oil and gas.
Market capitalization: $24.4 billion
Assets: $46.6 billion
Sales: $52.9 billion
Profits: $3 billion
5. ICICI Bank Limited: ICICI Bank is standing at the 320th rank in the Forbes ‘Global 2000’ list. It is one of India’s most influential multinational and financial banking companies established in June 1994. The bank, headed by Ranganath Athreya, is headquartered in Mumbai.
Market capitalization: $29.7 billion
Assets: $172.4 billion
Sales:$18.5 billion
Profits: $1.2 billion
6. HDFC Limited: Housing Development Finance Corporation Limited stands just next to ICICI Bank in the ‘Global 2000’ list at the 321st position. Incorporated in the year 1977, this public company is led by Keki Mistry and is based in Mumbai.
Market capitalization: $47.9 billion
Assets: $86.3 billion
Sales: $10.7 billion
Profits: $2.5 billion
7. Tata Motors Limited: India’s multinational automotive manufacturing company, Tata Motors Limited occupies the 385th rank in the Forbes list. It was founded by J.R.D. Tata in 1945 in Mumbai and began its operations as a locomotive manufacturer. Günter Butschek is currently heading this company.
Market capitalization: $16.8 billion
Assets: $ 44.6 billion
Sales: $43 billion
Profits: $1.7 billion
8. Tata Consultancy Services (TCS): Commonly known as TCS, this Indian multinational IT company having headquarters in Mumbai stands at the 404th rank in the list. This company was founded in 1968 and is presently headed by Rajesh Gopinathan.
Market capitalization: $98.4 billion
Assets: $ 16.3 billion
Sales: $19.1 billion
Profits: $4 billion
9. Larsen & Toubro Limited: Popularly known as L&T, this public company occupies the 471st place in the Global 2000 list of Forbes. Established in 1938 in Mumbai, L&T deals primarily in the field of construction, IT, and financial services. It is being headed by Sekharipuram Subrahmanyan as the Chief Executive Officer.
Market capitalization: $28.9 billion
Assets: $34.4 billion
Sales: $17.8 billion
Profits: $1.1 billion
10. State Bank of India (SBI): SBI, a public sector bank in India, providing financial and banking services is standing at the 489th position in the Forbes list. It is being headed by Rajnish Kumar and has its headquarters in Mumbai. The bank was founded in July 1955.
Market capitalization: $33.3 billion
Assets: $535 billion
Sales: $46.2 billion
Profits: $1 million
11. NTPC Limited: National Thermal Power Corporation Limited stands at the 512th spot in the Global 2000 list of Forbes. This public sector company is engaged in the electricity production was established in 1975 and has its headquarters in New Delhi. Gurdeep Singh, the Chief Executive Officer is heading this public sector undertaking.
Market capitalization: $20.5 billion
Assets: $39.8 billion
Sales: $12 billion
Profits: $1.6 billion
12. Kotak Mahindra Bank: Dipak Gupta-led Kotak Mahindra Bank occupies the 627th position in the Forbes list of the largest public companies in the world. This bank was incorporated in 1985 in Mumbai. It provides commercial banking and financial services.
Market capitalization: $35.8 billion
Assets: $51.8 billion
Sales: $6 billion
Profits: $962 million
13. Axis Bank: Axis Bank, India’s third largest private bank having headquarters in Mumbai, stands at the 635th position in the Forbes list of 2018. It offers banking and finance-related services to its customers. The Axis bank was founded in Ahmedabad in 1993 and is currently headed by Shikha Sharma.
Market capitalization: $21.1 billion
Assets: $94.2 billion
Sales: $8.6 billion
Profits: $590 million
14. Coal India Limited: Coal India Limited is a public company engaged in the mining of coal in India. It stands at the 645th spot in the list. It came into existence in November 1975 having headquarters in Kolkata. Presently, the company is headed by Suresh Kumar as a Chief Executive Officer of the company.
Market capitalization: $25 billion
Assets: $17.8 billion
Sales: $12.6 billion
Profits: $1.3 billion
15. Infosys Limited: Infosys Limited occupies the 653rd spot in the Global 2000 list of Forbes for the year 2018. The company, having headquarters in Bengaluru, is an IT consulting and outsourcing company. Salil Parekh, the Chief Executive Officer, is presently leading the company.
Market capitalization: $38.3 billion
Assets: $12.3 billion
Sales: $10.9 billion
Profits: $2.5 billion
16. Bharat Petroleum: Ranked at 672nd place in the list, Bharat Petroleum Corporation Limited is a public company dealing in the refining and marketing of petroleum products. It has its headquarters in Mumbai and is currently headed by Rajkumar Duraiswamy.
Market capitalization: $12.9 billion
Assets: $17 billion
Sales: $30 billion
Profits: $1.3 billion
17. ITC Limited: ITC Limited is ranked on the 772nd position in the Forbes list. The company’ is operational in the segments of FMCG (Fast Moving Consumable Goods), Paperboards, Packaging, Agribusiness, and Hospitality. It commenced its operations in 1910 in Kolkata and is currently managed by the Chief Executive Officer, Sanjiv Puri.
Market capitalization: $51.5 billion
Assets: $8.6 billion
Sales: $8.7 billion
Profits: $1.5 billion
18. Mahindra & Mahindra Limited: This public company occupies the 826th spot in the ‘Global 2000’ list of Forbes. Established in 1945 and having headquarters in Mumbai, Mahindra & Mahindra is engaged in the manufacturing of automobiles like cars, bikes, and tractors in India. The company is currently managed by Pawan Kumar Goenka.
Market capitalization: $16.1 billion
Assets: $12.4 billion
Sales: $14 billion
Profits: $1.1 billion
19. Bharti Airtel Limited: Bharti Airtel Limited is placed on the 827th rank in the Forbes list immediately after Mahindra & Mahindra. The company is headquartered in New Delhi and primarily operates in the field of telecommunications and D2H services. Bharti Airtel is presently headed by Gopal Vittal as a Chief Executive Officer.
Market capitalization: $22.9 billion
Assets: $38.4 billion
Sales: $13 billion
Profits: $171 million
20. Wipro Limited: Wipro Ltd. is an international IT company engaged in the consultation and outsourcing services to its clients. It is standing at the 909th place in the Forbes list of largest public companies worldwide. The company was founded in December 1945 and has its headquarters in Bengaluru. Wipro is owned by Azim Premji and the operations of the company are managed by Abidali Neemuchwala as a Chief Executive Officer.
Market capitalization: $18.3 billion
Assets: $11.7 billion
Sales: $8.5 billion
Profits: $1.2 billion
21. Power Grid of India: Positioned at 904th rank in the list, Power Grid of India is a state-owned power utilities company having headquarters in Gurugram. This public undertaking came into existence in 1989. Indu Jha is the Chief Executive Officer of the company.
Market capitalization: $16.1 billion
Assets: $32.4 billion
Sales: $3.8 billion
Profits: $1.1 billion
22. HCL Technologies: HCL, the well-known IT services company, stands at the 936th position in the Forbes list for this year. Founded in 1991, the company is currently headed by CEO Shiv Nadar and has its headquarters in Noida.
Market capitalization: $19.3 billion
Assets: $7.4 billion
Sales: $7.8 billion
Profits: $1.4 billion
23. Hindustan Petroleum Corporation Limited: Hindustan Petroleum is ranked at the 951st spot in the Forbes’ Global list for 2018. The company is engaged in the refining and marketing of petroleum products. The company came into existence in 1974 and is headquartered in Mumbai. It is currently being led by CEO, Mukesh Kumar Surana.
Market capitalization: $7.2 billion
Assets: $12.5 billion
Sales: $27.9 billion
Profits: $1.2 billion
24. Tata Steel Limited: Founded in 1907 in Jamshedpur, Tata Steel Limited occupies the 1007th spot in the Global list of Forbes. It primarily engages in the manufacturing of steel in India. The company has its headquarters in Mumbai and is currently managed by Thachat Narendran.
Market capitalization: $10.2 billion
Assets: $26.7 billion
Sales: $19.9 billion
Profits: $303 million
25. Yes Bank Limited: Yes Bank Limited, India’s fastest growing private bank, occupies the 1013th position in the Forbes list. The company is currently managed and controlled by Rana Kapoor, who is also the founder of this bank. The bank was established in 2003 and has its headquarters in Mumbai.
Market capitalization: $12 billion
Assets: $47.9 billion
Sales: $4 billion
Profits: $657 million
26. JSW Steel Limited: JSW Steel Limited is one of the leading Indian steel manufacturing companies standing at the 1039th place in the list. The company was founded by Sajjan Jindal in 1982, who is also heading this company as a Chief Executive Officer.
Market capitalization: $11.6 billion
Assets: $14.1 billion
Sales: $10.1 billion
Profits: $650 million
27. Grasim Industries Limited: Grasim Industries Limited is an Indian textile manufacturing company established in 1948 having headquarters in Nagda. It is positioned at the 1076th place in the Forbes’ list. The operations of the company are headed by Larry Hutchison.
Market capitalization: $10.7 billion
Assets: $31.6 billion
Sales: $7.5 billion
Profits: $420 million
28. Punjab National Bank: It is one of India’s largest public sector banks which occupies the 1184th place in the Forbes list. The bank was established in 1895 by Lala Lajpat Rai. Its headquarter is located in Mumbai and the bank is currently led by Sunil Mehta (CEO).
Market capitalization: $3.6 billion
Assets: $112.9 billion
Sales: $8.5 billion
Profits: $177 million
29. Hindalco Industries Limited: Established in 1958, Hindalco Industries Ltd. engages in the manufacturing of copper and aluminum-based products. It is listed at the 1186th position in the Forbes list. The company has its headquarters in Mumbai and is presently headed by CEO Satish Pai.
Market capitalization: $8.1 billion
Assets: $23.7 billion
Sales: $14.9 billion
Profits: $283 million
30. Bank of Baroda: Bank of Baroda is placed at the 1218th position in the Global 2000 list of Forbes. Founded in 1908, the bank is presently headed by P. Jayakumar.
Market capitalization: $5.6 billion
Assets: $110.8 billion
Sales: $7.8 billion
Profits: $271 million
31. Canara Bank: Canara Bank: is positioned at the 1271st place in the Forbes list. The bank was established in 1906 and is headquartered in Bengaluru. Currently, Rakesh Sharma is the CEO of the bank.
Market capitalization: $2.7 billion
Assets: $91.8 billion
Sales: $7.4 billion
Profits: $203 million
32. Bank of India: Established in 1906, Bank of India is listed at the 1292nd position in the Forbes list. The bank has its headquarters in Mumbai and is presently headed by Dina Mohapatra as CEO.
Market capitalization: $2.6 billion
Assets: $97.3 billion
Sales: $6.9 billion
Profits: $219 million
33. Rural Electrification Corporation Limited: It is an Indian infrastructure company engaged in the promotion of electrical projects in the country. The company was established in 1969 having headquarters in New Delhi. It is positioned at the 1298th place in the list of Forbes. Penumaka Ramesh is heading the entire operations of the company.
Market capitalization: $3.5 billion
Assets: $32.4 billion
Sales: $3.6 billion
Profits: $942 million
34. GAIL India Limited: Positioned at the 1402nd rank in the list, GAIL India Limited is a state-owned natural gas processing company having headquarters in New Delhi. This public undertaking came into existence in August 1984 and is currently managed by Bhuwan Tripathi as Chief Executive Officer.
Market capitalization: $11.5 billion
Assets: $9.1 billion
Sales: $7.2 billion
Profits: $502 million
35. Union Bank of India: Rajkiran Rai-led Kotak Mahindra Bank occupies the 1445th spot in the Forbes’ list of the largest public companies in the world. This bank was incorporated in November 1919 in Mumbai. The bank is headquartered in the Mumbai city.
Market capitalization: $1.5 billion
Assets: $70.3 billion
Sales: $5.7 billion
Profits: $85 million
36. Indiabulls Housing Finance Limited: Indiabulls occupies the 1517th place in the Forbes’ list of largest public companies for this year. It is India’s second largest private housing finance public company providing all kinds of housing finance services to its clients. It commenced its operations in May 2005 and is currently headed by Gagan Banga as Managing Director.
Market capitalization: $7.9 billion
Assets: $597 million
Sales: $2.3 billion
Profits: $597 million
37. Rajesh Exports Limited: Established in 1989, this public company is engaged in the manufacturing of diamond and gold jewelry. It is listed at the 1562nd position in the Forbes list. The company has its headquarters in Bengaluru and is presently managed by Prashant Mehta as a CEO.
Market capitalization: $2.8 billion
Assets: $3.3 billion
Sales: $30.4 billion
Profits: $189 million
38. Bajaj Auto Limited: It is ranked on the 1581st position in the Forbes list. The company deals in the manufacturing of 2 and 3-wheeled vehicles. Bajaj Auto commenced its operations in November 1945 in Rajasthan and is currently managed by the Chief Executive Officer, Rajivnayan Bajaj. The company has its headquarters in Pune.
Market capitalization: $12.1 billion
Assets: $3.5 billion
Sales: $3.6 billion
Profits: $600 million
39. Hero MotoCorp Limited: Hero MotoCorp, founded in January 1984, is engaged in the manufacturing of two-wheeler vehicles and is headquartered in New Delhi. It is positioned at the 1583rd place in the list of Forbes. The company is headed by Pawan Munjal as a Managing Director and Chief Executive Officer presently.
Market capitalization: $10.7 billion
Assets: $2.7 billion
Sales: $5 billion
Profits: $577 million
40. Adani Ports & Special Economic Zone Limited: This public company engaged in the infrastructure and logistics services stands at the 1605th spot in the Global 2000 list of Forbes. The company was established in 1998 and has its headquarters in Ahmedabad. Mrithyunjay Chandilya as a Chief Executive Officer is currently heading this public sector undertaking.
Market capitalization: $12.7 billion
Assets: $7.3 billion
Sales: $1.8 billion
Profits: $561 million
41. IDBI Bank: IDBI Bank, a public sector bank in India, providing financial and banking services is standing at the 1618th position in the Forbes list. It is being headed by Mahesh Jain (CEO) and has its headquarters in Mumbai.
Market capitalization: $3.1 billion
Assets: $55.8 billion
Sales: $4.8 billion
Profits: $748 million
42. General Insurance Corporation of India: GIC of India is a sole reinsurance public standing on the 1624th position in the list. It came into existence in November 1972 having headquarters in Mumbai. Presently, the company is headed by Alice Vaidyan as a Chairman and the Managing Director of the company.
Market capitalization: $8.9 billion
Assets: $17.2 billion
Sales: $4.6 billion
Profits: $468 million
43. IndusInd Bank: IndusInd Bank is standing at the 1650th rank in the Forbes ‘Global 2000’ list. Founded in 1994, the bank is headquartered in Mumbai. It is currently being headed by Romesh Sobti as a Managing Director.
Market capitalization: $16.9 billion
Assets: –
Sales: $2.8 billion
Profits: $428 million
44. Motherson Sumi Systems Limited: Motherson Sumi Systems is ranked 1698th in the Forbes’ Global list for 2018. The company is engaged in the manufacturing of automotive spare parts and components. The company came into existence in 1986 and is headquartered in Noida. It is currently being led by Chairman, Vivek Chaand Sehgal.
Market capitalization: $10.6 billion
Assets: $5.4 billion
Sales: $8 billion
Profits: $239 million
45. Central Bank of India: It is a public sector bank which occupies a 1736th place in the Forbes list. The bank was established in December 1911 and has its headquarters located in Mumbai. The bank is currently led by Rajeev Rishi as a Chief Executive Officer.
Market capitalization: $2.7 billion
Assets: $51.6 billion
Sales: $4.1 billion
Profits: $367 million
46. Syndicate Bank: Syndicate Bank occupies the 1786th spot in the Global 2000 list of Forbes for the year 2018. The company came into existence in 1925 and is headquartered in Manipal. Melwyn Rego, the Chief Executive Officer, is presently leading the company.
Market capitalization: $1.1 billion
Assets: $46.3 billion
Sales: $3.9 billion
Profits: $77 million
47. Power Finance Corporation Limited: Established in 1986, Power Finance Corporation provides financial services to the power industry. It is listed on the 1834th position in the Forbes list. The company has its headquarters in New Delhi and is presently headed by Rajeev Sharma as a Chairman and Managing Director.
Market capitalization: $3.3 billion
Assets: $40 billion
Sales: $4.1 billion
Profits: $334 million
48. Corporation Bank: Jai Kumar Garg-led Corporation Bank occupies a 1862th spot in the Forbes list of the largest public companies in the world. This bank was incorporated in March 1906 in Udipi. The bank is headquartered in the Mangaluru city.
Market capitalization: $714 million
Assets: $38.3 billion
Sales: $3.4 billion
Profits: $84 million
49. Indian Overseas Bank: Indian Overseas Bank, a public sector bank in India, providing financial and banking services is standing at the 1871st position in the Forbes list. It is being headed by R. Subramaniakumar (CEO) and has its headquarters in Chennai. The bank was founded in 1937.
Market capitalization: $1.3 billion
Assets: $37.6 billion
Sales: $3.3 billion
Loss: $-513 million
50. Oriental Bank of Commerce: Established in 1923, Oriental Bank of Commerce is listed on the 1880th place in the Forbes list. The bank has its headquarters in Gurugram and is presently headed by Mukesh Jain as a Managing Director and CEO.
Market capitalization: $777 million
Assets: $37 billion
Sales: $3.2 billion
Loss: $-835 million
51. Allahabad Bank: Allahabad, a public sector bank in India, providing financial and banking services is standing at the 1882nd position in the Forbes list. It is being headed by Usha Ananthasubramanian and has its headquarters in Kolkata. The bank was founded in April 1865.
Market capitalization: $573 million
Assets: $36.6 billion
Sales: $3.1 billion
Loss: $-42 million
52. Asian Paints Limited: Asian Paints Limited shares the same 1882nd position with the Allahabad Bank. It is the third largest Asian paint company established in 1942 having headquarters in Mumbai. The operations of the company are headed by K.B.S. Anand (MD & CEO).
Market capitalization: $18.4 billion
Assets: $2 billion
Sales: $2.5 billion
Profits: $310 million
53. Tech Mahindra Limited: This international IT company occupies the 1912th spot in the ‘Global 2000’ list of Forbes. Established in 1986 and having headquarters in Pune, Tech Mahindra is engaged in providing information technology solution to its clients. The company is currently headed by Chander Gurnani.
Market capitalization: $9.7 billion
Assets: $4.5 billion
Sales: $4.6 billion
Profits: $486 million
54. Andhra Bank: Andhra Bank lies at the 1915th position in the Forbes list. The company is currently managed and controlled by Suresh N. Patel. The bank was established in November 1923 and has its headquarters in Hyderabad.
Market capitalization: $648 million
Assets: $34.7 billion
Sales: $3.2 billion
Profits: $31 million
55. Steel Authority of India: Founded in 1954, Steel Authority of India occupies the 1928th spot in the Global list of Forbes. It primarily engages in the manufacturing and marketing of steel and its products in India. The company has its headquarters in New Delhi and is currently headed by Prakash Kumar Singh.
Market capitalization: $4.5 billion
Assets: $17.8 billion
Sales: $6.6 billion
Loss: $-411 million
56. Indian Bank: ICICI Bank is standing at the 1934th rank in the Forbes ‘Global 2000’ list. It is one of India’s most influential financial banking companies established in August 1907. The bank, headed by Kishore Kharat, is headquartered in Chennai.
Market capitalization: $2.3 billion
Assets: $33.7 billion
Sales: $2.7 billion
Profit: $217 million
57. Sun Pharmaceutical Industries Limited: Sun Pharmaceuticals, founded in1983, is engaged in the manufacturing and selling of pharmaceutical products. The company is headquartered in Mumbai. It is positioned at a 1944th place in the list of Forbes. The company is headed by Dilip Shanghvi as a Managing Director and Chief Executive Officer presently.
Market capitalization: $3.3 billion
Assets: $40 billion
Sales: $4.1 billion
Profit: $334 million
58. UCO Bank: Founded in 1943, UCO Bank is placed on the 1948th rank in the Forbes list. It is headquartered in Kolkata and provides banking and financial services. The bank is presently headed by Ravi Krishan Takkar as a Chief Executive Officer.
Market capitalization: $530 million
Assets: $33.4 billion
Sales: $2.4 billion
Loss: $-444 million