Indian Oil tops Fortune India 500 list

Fortune magazine’s India list of the 500 largest corporations included four Government owned companies among the top five companies in terms of revenue. The first company was Indian Oil Corp. The other high ranked companies were Reliance Industries, the State Bank of India, Bharat Petroleum and Hindustan Petroleum — all of which along with Oil and Natural Gas Corp, Tata Motors and Tata Steel which were also ranked in the Fortune 500 list of global corporations.

The rankings are determined by the company’s total revenues, year-on-year change in revenues, net operating income, profit, net worth, assets, dividends and total salaries.