Fortune Global 500 list: Reliance Industries has been ranked 86th in this year’s list of Fortune Global-500. Its position has improved by two places compared to last year. Reliance Industries remains at the top among Indian companies. Reliance Industries was ranked 88th last year. In three years, it has jumped 69 places in the list. Reliance was ranked 155th in the year 2021. Releasing the 2024 list on its website, Fortune said that Reliance Industries has been maintaining its place in this global list for 21 consecutive years. The company’s revenue last year was $ 108.8 billion while the profit was $ 8.4 billion.
5 out of 9 government companies
This year’s ranking includes nine Indian companies. Five of these are from the public sector. Insurance major Life Insurance Corporation of India (LIC) climbed 12 spots to 95th position in the 2024 list, while public sector Indian Oil Corporation (IOC) slipped 22 spots to 116th. State Bank of India (SBI) climbed 57 spots to 178th position. Among Indian companies on the list, Oil and Natural Gas Corporation (ONGC) and Bharat Petroleum Corporation Ltd. (BPCL) slipped 22 and 25 spots to 180th and 258th positions respectively.
Tata Motors at 271st position
Tata Motors jumped 66 spots to 271st position while HDFC Bank is at 306th position and Rajesh Exports at 463rd position in the list. According to Fortune, US retail giant Walmart has remained at the top position for the 11th consecutive year. While Amazon is at the second position (fourth position last year). Saudi Aramco ranked fourth on the list, while it was second last year. However, with a profit of $121 billion, it was the most profitable company on the list for the third consecutive year.
Chinese company at third place
Among China’s state-owned companies, power unit State Grid is ranked third on the list. Two other Chinese companies in the top 10 are Sinopec Group at fifth and China National Petroleum at sixth. Apple is at seventh place on the list. Fortune said, “The Fortune Global-500 is our annual list of the 500 largest companies in the world. It is assessed on the basis of total revenue.” Companies have been assessed on the basis of total revenue of their respective financial years ending on or before March 31, 2024.
