Forbes has published a list of India's top 40 companies. 'Forbes 40 India' has stated the wealth of Indian companies. I am mainly interested about the top 10 companies. It is very interesting to me that among the top 10 companies only one is from IT sector. May be western media is too much occupied with outsourcing and that is why they have failed to see this reality. Here, I am giving a brief description of the top ten companies.
1. Reliance Industries: The main business of Reliance is in the energy sector (oil and gas). However, it has strong presence in garments and telecommunication sectors too. According to Forbes, annual sale of Reliance is $18.0 billion. This company is very popular in the share market among investors.
2. Oil and Natural Gas Corporation Limited (ONGC): It is one of leading oil and gas companies in Asia and one of most profit making corporations in India. It is trying to become a global player.
3. State Bank of India Group: It is the largest bank in India and of the largest in the world. It is also the oldest bank in South Asia. Its history goes back to 1806. According to Forbes, it has $156.4 billion of assets- very impressive!
4. Indian Oil: Again, an oil company. According to Forbes, its sales are $34.6 billion and thus it has the largest sale for an Indian company.
5. National Thermal Power: It is owned by Indian government and it made $1.3 of profit against sales of $6.1 billion.
6. Icici Bank: It is the largest bank in the private sector. It is also a popular company in the share market. In television channels, you can find their ads round the clock.
7. Steel Authority of India: It is a public sector company and it has several plants in India. It is one of the fastest growing companies in the public sector. Its profit figure of $1.6 billion is quite impressive too.
8. Tata Steel: It is a company with a great heritage. It is a company in the private sector. It was India's first and largest steel company in the private sector.
9. Tata Consultancy Svcs (TCS): Among the top ten companies, TCS is the only company related to Information Technology. It has made its mark in outsourcing and its market value is $19.5 billion. It is quite impressive considering the fact that it has only $1.9 billion of assets.
10. Tata Motors: Tata Motors came into the headline this year for its effort to build the World's cheapest car. These days; Tata Motors is trying to expand its business both in home and abroad.
This list shows that Indian companies are often neglected by the western media. Outsourcing to India is causing a lot of jobs in the west and that is why the western media is interested about Indian tech companies. It is time that the international media takes more note of the top Indian companies.
top 10 co in india
Posted by: manoj | August 21, 2006 8:35 AM | Permalink to Comment