Seven
Indian companies feature among the 2015 Fortune list of world’s 500 largest
companies. Reliance Industries is second among the Indian companies at 158th
position with revenue around $62 billion.
Indian companies in the list
Indian Oil holds
revenue around $74 billion and is at the 119th position in 2015 Fortune Global
500 list. Other Indian companies are Tata Motors at 254th place with
revenue around $42 billion, State Bank of India at 260th rank with
revenue around $42 billion, Bharat Petroleum at 280th position with
revenue around $40 billion, Hindustan Petroleum at 327th rank holds
revenue worth $35 billion and Oil and Natural Gas at 449th place has
revenue of $26 billion.
Global companies in the list
The global list is once
again topped by Walmart. The second on the list is a Chinese petroleum refining
company, Sinopec Group. Other following companies are Royal Dutch Shell of
Netherlands at 3rd place, China National Petroleum at 4th
place and Exxon Mobil at 5th place.
The total revenue of the top
500 companies is around $31.2 trillion with a total profit of $1.7 trillion,
last year. Around 65 million people from 36 countries were employed by Fortune
Global 500, this year. The ranking is based on the total revenue recorded by
the companies on 31st March, 2015.
128 US-based companies are
featured in the list. This includes Apple at 15th place, JP Morgan
Chase at 61st position, IBM at 82nd place, Microsoft at
95th rank, Google at 124th position, Pepsi at 141st
rank, Intel at 182nd place and Goldman Sachs at 278th
place. 100
companies from China have also been listed. Bank of China at 45th
rank, China Railway Engineering at the 71st place and China
Development Bank at 87th position are among these.
Plans
of Reliance Industries
Reliance Industries will be rolling out its
telecom services before the end of 2015. The year, 2016-2017 will be the first
complete financial cycle of Reliance Jio Infocomm’s telecom services. At
present, Reliance Jio has marked its existence in all the states of the
country. It covers 80% of the population in India and will be covering the
entire population by 2018.
Reliance Industries will invest Rs.2 trillion
in fresh capacities in the next one to one and a half years. The company is
expecting to attain complete benefits of its investments at the beginning of
the fiscal year 2016-17. The company also set an Indian record last year by
investing Rs. 1 trillion in a single fiscal year.
Reliance Industries is pushing its retail
business by planning an expansion of its retail stores from 200 to 900 by 2016.
Besides, it will also launch its e-commerce ventures and integrate online and
offline shopping. The combined business is expected to have a growth rate
between 30% and 50%, every year.
Apart from these, the company also announced
its plan to revitalize the whole of its fuel retail network by the end of this
fiscal year. It will make investments in the exploration and production
business with support from shareholders. The company also announced of giving
dividend bonus and buyback to the shareholders, once the investment cycle is
completed.
Summary
Reliance ranks
second among the seven Indian companies that feature in the 2015 Fortune Global
500 list of the largest companies.