Inspiring Indian Business Stories

Top 10 companies in India in the year 2020 | Fortune ranking India.

March 1, 2021

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Top 10 companies in India in the year 2020 | Fortune ranking India.

 India has incredibly valued publicly traded companies.  The listing is done according to the Fortune 10 ranking in India which is the iconic list of large companies in the country.

1 Reliance Industries

Reliance is India’s largest multinational conglomerate. The company was founded as Reliance Commercial Corporation in 1966 by Dhirubhai Ambani with an investment of just Rs 21,000. During the time it was just a small trading firm based out of Mumbai. Dhirubhai Ambani was however a very ambitious man. The same year he had established his first textile mill in Ahmedabad Gujarat in order to quickly grow his yarn trading business and expand into textile. Reliance had launched its flagship fabric brand Vimal by 1975. In 1973 Reliance Commercial Corporation was renamed into the company that everybody knows Reliance Industries Limited. In 1977 the company went public which gave Dhirubhai Ambani the growth capital that he needed to pursue his ambitious projects. Today Reliance industries have become a giant with businesses across every major industry. The industries include textiles, energy, petrochemical, natural resources retail, and telecommunications, currently under the leadership of Dhirubhai Ambani’s son Mukesh Ambani. The industry has become one of the most profitable companies in India. It is also the most valuable with a market cap of $150 billion.

Revenue615,854.00Cr
Net Operating Income596,743.00Cr
Profit  39,354.00Cr
Assets837,539.00Cr
Net Worth453,331.00Cr
Employee Cost14,075.00Cr
Indian Oil

2 Indian Oil Corporation

The company was established in the year 1959 as Indian oil company Ltd. In the year 1964, Indian refineries Ltd turned with Indian oil Corporation Ltd. IOCL is India’s flagship national oil company. The company is the leading corporate in the fortune India 500 listing, ranked at 2nd position for the year 2020. The company’s operations include refineries, pipelines, and marketing. Their portfolio brands include SERVO lubricants, XTRA PREMIUM petrol, and XTRA MILE diesel, Propel Petrochemicals, and Indane LPGas.

Revenue493,932.99Cr
Net Operating Income484,362.26Cr
Profit  893.14Cr
Assets230,499.42Cr
Net Worth95,397.91Cr
Employee Cost9,336.93Cr

3 Oil and Natural gas corporation

ONGC was founded on 14 August 1956 by the Government of India and it is an Indian public sector multinational crude oil and gas company. Oil and Natural Gas Corporation registered office is in New Delhi. The Indian Government owns it under the administrative control of the Ministry of Petroleum and Natural Gas. ONGC is one of the biggest oil and gas exploration and production companies in India and produces around 70% of India’s crude oil and around 84% of its natural gas. The Government of India granted the Maharatna status to ONGC in November 2010. It is engaged in exploiting hydrocarbons in 26 sedimentary basins of India and owns and operates over 11,000 kilometers of pipelines in the country.

Revenue405,243.31Cr
Net Operating Income396,802.91Cr
Profit  10,907.15Cr
Assets388,694.05Cr
Net Worth206,967.69Cr
Employee Cost15,531.26Cr

4 State Bank of India

 State Bank of India is the largest state-owned banking and financial services company in India and was incorporated on the 1st of July 1955. State bank of India delivers banking services to the customer. In addition to the banking services with its subsidiaries delivers a chain of financial services, which include life insurance, merchant banking, factoring, mutual funds, and many more.

The bank works in 4 business segments which are treasury, corporate, retail banking and other banking business.

Revenue368,010.65
Net Operating Income269,851.66
Profit  19,767.80
Assets4,025,726.74
Net Worth227,297.45
Employee Cost48,850.95

5 Bharat Petroleum Corporation

Bharat Petroleum Corporation Ltd (BPCL) is owned by the Government of India. It is an oil and Gas Company which is headquartered in Mumbai, Maharashtra. In 1952, BPCL was initiated as Burmah-Shell Refineries Ltd which thereafter transformed to Bharat Refineries Ltd (BRL) and subsequently to Bharat Petroleum Corporation Ltd.

Currently, the company operates the following refineries, namely; Kochi Refinery, Mumbai Refinery, Bina Refinery, and Numaligarh Refinery, in India. It also exports products such as fuel oil, naphtha, and base from its refineries on a regular basis.

Revenue288,974.97
Net Operating Income284,571.90
Profit  3,055.36
Assets106,100.60
Net Worth36,532.33
Employee Cost4,020.51

6 Tata motors

It is the top global automobile manufacturer of cars, utility vehicles, buses trucks, and defense vehicles. Tata Motors Limited is India’s largest automobile company. Tata Motors has operations in South Korea, Thailand, UK, South Africa, and Indonesia through a powerful global network of 76 subsidiary and associate companies including Tata Daewoo in South Korea and Jaguar, Land Rover in the UK. Tata Motors is a market leader in commercial vehicles and among the top passenger vehicle manufacturers with 9 million vehicles on Indian roads.

Revenue261,875.55
Net Operating Income261,067.97
Profit  12,070.85
Assets216,034.42
Net Worth63,078.53
Employee Cost30,438.60

7 Rajesh Export

Rajesh Jaswanth Rai Mehta the founder of Rajesh Export is an Indian billionaire businessman based in Bangalore. He is the owner and chairman of the jewelry company Rajesh exports. As of April 2017, the company’s net worth was at $2.6billion. He formed an entity called ‘Rajesh Art Jewelers’ and started bartending goods. Mehta incorporated Rajesh exports in 1995 along with his brother Prashant Mehta. The company grew to its height with its first organized gold jewelry manufacturing facility in India. They also made the country’s first research and development facility in the jewelry sector in 1991. Rajesh exports 35% of the world’s gold. It is also listed in the National Struck Exchange (NSE) and Bombay Stock Exchange (BSE). His son Siddharth Mehta is the head of the information technology team and Rajesh Exports Bangalore which builds customized software.

Revenue195,607.23Cr
Net Operating Income195,600.17Cr
Profit  1,205.89Cr
Assets11,919.80Cr
Net Worth10,534.21Cr
Employee Cost160.25Cr

8 Tata Consultancy Services

India’s largest IT Company Tata Consultancy Services. The company was established in 1968 as a subsidiary of Tata sons under the Tata group as a technology consulting service provider. They got their first international client in 1971. By 1976 they were exporting software products worth $1million. From then on the company grew steadily under the leadership of its first CEO FC Kohli. Later in 2004 TCS went public at the time they were already a global player and by 2012 their revenue had soared to $10 billion. In 2018 TCS reached a new high when they became the second Indian company and the first Indian IT company to reach a market cap of $100 billion. Today besides being a global technology leader. TCS is also one of the IT employees in the world; they have nearly 4.5 Lakh employees spread out across 46 different countries.

Revenue161,541.00Cr
Net Operating Income156,949.00Cr
Profit  32,340.00Cr
Assets93,060.00Cr
Net Worth83,330.00Cr
Employee Cost85,952.00Cr

9 ICICI Bank

The bank was founded in 1994 by its parent company the Industrial Credit and Investment Corporation of India. This parent company was founded in 1955 as a joint venture between the World Bank and the Indian government and representatives from the industry. The goal of the company was to enable Indian businesses through medium and long term project financing. So ICICI bank was listed on India’s stock exchange in the financial year of 1998. And ICICI became the first Indian company to be listed on the New York exchange in 1999. In 2001 ICICI bank and ICICI were merged. Today ICICI banks market cap is sitting at around $30.25billion.

Revenue149,786.10Cr
Net Operating Income84,835.77Cr
Profit  9,566.31Cr
Assets1,289,877.32Cr
Net Worth119,816.69Cr
Employee Cost11,156.75Cr

10 Larsen and Toubro

Larsen and Toubro enhances the quality of life by building major infrastructure projects. One of the best examples of friendships in the business world are of those 2, Henning Holck-Larsen and Soren Toubro. They decided to start their own company. They started a small partnership firm and called it Larsen and Toubro. They began selling dairy equipment imported from Denmark but due to the 2nd world war crisis the import stopped while they realized the idea of manufacturing dairy equipment in India. They got their first contract to build a soda ash plant for Tata group. This contract began the remarkable journey of Larsen and Toubro. Now the revenue of their company is greater than the US steel, Colgate-Palmolive and around 8 times more than FL Smith were they worked earlier. They have jointly involved in construction of airports in India, constructed over 300 high rise building, over 40 IT parks and so on.

Revenue147,820.13
Net Operating Income145,452.36
Profit  9,549.03
Assets221,058.62
Net Worth66,723.22
Employee Cost23,114.00
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