World, Listen up: 56 of the world’s 2000 most powerful companies are in India

Out of 2000 largest and most powerful public companies in the world, India houses 56 companies with Mukesh Ambani’s Reliance Industries leading the pack.

As per the annual ‘Global 2000’ list released by Forbes, Reliance Industries is at 142 spot on the list, down from last year's 135th spot, with a market value of $42.9 billion and $71.7 billion in sales.

The list was topped by the US having a share of 579 companies and second came China, which is home to 232 companies, piping Japan this year which slid to third spot with 218 companies.
According to Forbes, for the first time four Chinese banks were at top four spots. The United Kingdom was at fourth place with 95 companies.

Meanwhile, India added two companies to its last year's tally. The State Bank of India was at 152 spot with $33 billion market value.

As per the data released, the other Indian companies on the list are Oil and Natural Gas ranked 183, Tata Motors (263), ICICI Bank (283), Indian Oil (349), HDFC Bank (376), NTPC (431), Tata Consultancy Services (485), Bharti Airtel (506), Axis Bank (558), Infosys (672), Bharat Petroleum (757), Wipro (811), Tata Steel (903) and Adani Enterprises (944).

This time there were 61 countries in the list and had combined revenues of $39 trillion, profits of $3 trillion, with assets worth $162 trillion, and a market value of $48 trillion.
The total market value of Global 2000 companies, owing to a bull market, grew 9% year-over-year, Forbes said.

In continental rankings, there was some bad news for Europe as it overall lost 20 spots and finished with 486 companies this year, falling further behind Asia (691) and North America (645).
While Argentina and Cyprus made debut this year, France was out of top five, giving away the spot to South Korea.

Among the 200 newcomers in the list were Expedia and Tiffany and notable gainers on the Forbes list included Facebook, which climbed more than 200 ranks due to rising profits.

This year, construction overtook utilities as the third leading industry owing to upbeat global economic outlook.

(Image: Indiatimes)