Forbes Global ranks ONGC 3rd largest in India

Leading  international business journal Forbes has published its much awaited Global  2000 list of the world's biggest public companies for 2016. It has ranked ONGC,  3rd largest in India and 220 worldwide. Forbes ranks the world's most powerful  and large companies on the basis of their revenue, profits, assets and market  value.

Notwithstanding  the hit from low crude oil prices, ONGC has been able to maintain its position  among the top three Indian companies in terms of its financial parameters.  There are 56 Indian companies in the global  list. Due to the low revenue from its main product, ONGC has slipped in its  global ranking slightly this year, from 183 last year.

The other  Indian companies on the list are, Reliance (121) , SBI (149), ICICI Bank (266),  HDFC Bank (275), Indian Oil (371), Tata Consultancy Services (385), NTPC (400),  Bharti Airtel (453), Axis Bank (484), Infosys (590), Bharat Petroleum (650),  Wipro (755, Tata Steel (1178) and Adani Enterprises (1993). Also making to the  list are Coal India (465), Larsen and Toubro (505), ITC (781), Kotak Mahindra  Bank (899), Mahindra and Mahindra (901) and HCL Technologies (943).

The 2016  Forbes Global list features public companies from 63 countries that together  account for $35 trillion in revenue, $2.4 trillion in profit, $162 trillion of  assets, and have a combined market value of $44 trillion. Overall, 586 US  companies make the list, to 249 for China (mainland and Hong Kong), 219 for Japan, 92 from the United Kingdom and 67 from South Korea. A comprehensive  analysis of each of the metrics is used to arrive at the scores to enable a company to find place among 2000.