The Reliance Industries oil-to‐telecommunications conglomerate of Billionaire Mukesh Ambani was listed 96th in 2020. In the top 100 companies in the world, the Indian business jumped into 10 locations.
It is the first Indian organization ever to be listed as Fortune Global 500.
In addition, three Chinese firms, Sinopeck Company, (407 billion dollars), State Grid, (384 billion dollars), and China National Petroleum, (379 billion dollars), have been added to Walmart’s Fortune 2020 list. Walmart, Sinopec, and China’s National Petroleum positions are not shifting.
Indian Oil, ONGC, SBI, BPCL, Tata Motors, and Rajesh Exports are other Indian companies on the list.
In the 2020 ranking, Indian Oil Corporation (IOC) slipped 34 to 151st while Oil and Natural Gas Corporation (ONGC) was 190th and 30 scores lower than last year.
India has increased its ranking by 15 points with its 221 rankings, the SBI, the state’s largest lender. In 2019, the lender hit 206 locations.
Reliance Industries was ranked 99th earlier in 2012 and shrank 215th in 2016 to hit the top 100 spots in subsequent years. After then, according to the rating, it has gradually risen.
Bharat Petroleum Corp Ltd (BPCL) is ranked 309, Tata Motors 337, and Rajesh Exports at 462.
Fortune notes that businesses are rated by their gross profits on or before 31 March 2020 for their respective fiscal years.
Although the organization had $86.2 billion in sales, IOC generated $69.2 billion in revenue. SBI had 57 trillion dollars in sales and 51 trillion dollars in ONGC.
Reliance Industries was ranked second-biggest brand after Apple on the FutureBrand Index 2020. “Reliance Industries excels on every attribute this year’s highest entrant at number two,” said FutureBrand, releasing its 2020 Ranking.
One of India’s most profitable companies, Reliance, it said, is “very well known” and “seen as ethically behaving” as well as being synonymous with “growth,” “innovative goods” and “great customer service.” “People particularly have a deep emotional link to the organization.”
Reliance Industries Ltd (RIL) is close to buying retail assets from Future Group for around 24,000-27,000 crore to boost its role in India’s retail market, according to two people who are familiar with the specifics of the deal.
Five listed companies, including Future Retail Ltd, Future Customer, Future Lifestyle Fashions, Future Supply Chain and Future Distribution Networks, will be combined with Future Enterprises Ltd (FEL) before the assets are sold, the people said on condition of anonymity.