for first time, LIC has got a place in the latest Fortune Global 500 list. This time 9 companies of India have got a place in the list. Of these, 5 companies are government, while the remaining 4 companies are in the private sector. LIC has been ranked 98th in this list prepared on the basis of revenue.
Another record has been added to the name of the recently listed government insurance company LIC in the stock market. Even though the performance of LIC in the stock market so far has not been special, but it has left all other Indian companies miles behind in the Fortune Global 500 list. Even India’s largest listed company Reliance Industries has lagged far behind LIC.
LIC got place for the first time this position
For the first time, LIC has got a place in the latest Fortune Global 500 list. This time 9 companies of India have got a place in the list. Of these, 5 companies are government, while the remaining 4 companies are in the private sector. LIC has been ranked 98th in this list prepared on the basis of revenue. The company has been ranked first in India with about $ 97.27 billion in revenue and $ 553.8 million in profit.
Reliance Industries is included in the second place from India in the Fortune Global 500 list. Reliance Industries has been a part of this list continuously for the last 19 years. On a global basis, Reliance is ranked 104th with $93.98 billion in revenue and $8.15 billion in net profit. The ranking of Reliance Industries has improved by 51 places as compared to last year. Apart from LIC and Reliance Industries, Indian companies that have managed to make it to this list, SBI is the only name from the banking sector. At the same time, two companies of the Tata Group, Tata Motors and Tata Steel, have also found a place in the list.
These government companies made space
Among the companies that managed to make it to the list from India, the state-owned oil marketing company Indian Oil is at 142nd place. The company’s ranking has improved 28 places from a year ago. On the other hand, another state-owned company ONGC has managed to get the 190th rank by jumping 16 places. BPCL of the public sector has got 295th position. There has been an improvement of 19 places in the ranking of BPCL as compared to last year. SBI has managed to get 236th rank by jumping 17 places.
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American companies in both the top positions, know about Company
If we look at the private companies included in the list, then Reliance Industries is at the top. Apart from this, Tata Motors of Tata Group has been ranked 370th. Similarly, Tata Steel has managed to get 435th position. Rajesh Exports has been ranked 437th. Among the top 5 companies in the list, 2 are from America, while 3 companies from China have managed to make it to the top 5. American retailer company Walmart has topped this list for the 9th consecutive year. Jeff Bezos’s company Amazon has got the second place. This is Amazon’s best rating ever.
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These Chinese companies showed their flair
China’s State Grid Corporation of China has been ranked third in this year’s list, while China National Petroleum Corporation has got the fourth place. China’s Sinopec Group ranks fifth in the list. Saudi Aramco of Saudi Arabia has got the sixth place in the list. Companies like Volkswagen, China State Construction Engineering, CVS Health have also featured in the top 10. The total sale of 500 companies included in the list has increased by 19 percent to $ 37.8 trillion during this period. This is the most spectacular growth in sales of the top 500 companies in any one year.
