Not surprisingly, five out of the top 10 companies in the Fortune 500 list of Indian companies are from the oil sector. After all, being the second-most populous country of the world gives some leverage.
But fret not, the new traffic rules are for sure going to boost up the deteriorating economy!
Anyway, enough of the bitching. Let’s have a look at India’s Top 10 Grossing Companies.
Rank 10: Hindalco Industries Annual revenue: Rs 89,175 crore
Established in 1958, it is a flagship company of the Aditya Birla Group, Hindalco Industries is the world’s largest aluminium rolling company and one of the biggest producers of primary aluminium in Asia.
Rank 9: Essar Oil
Annual revenue: Rs 99,473 crore
The company has been renamed to Nyara Energy. It deals with exploration and production of oil and natural gas, refining of crude oil, and marketing of petroleum products.
Rank 8: Tata Steel
Annual revenue: Rs 1,49,663 crore
Ranked 471st in the 2013 Fortune Global 500 ranking of the world’s biggest corporations, this 100-year-old company manufactures a wide range of steel products.
Rank 7: ONGC
Annual revenue: Rs 1,82,084 crore
Established in 1956, ONGC is one of India’s largest oil and gas exploration and production companies. It has been ranked as the Top Energy Company in India.
Rank 6: State Bank of India
Annual revenue: Rs 2,26,944 crore
Owing to total turnover and assets, the State Bank of India is the largest banking and financial services company of India.
Rank 5: Tata Motors
Annual revenue: Rs 2,36,502 crore
Leading company in commercial vehicles and passenger vehicles, Tata Motors were found in 1945. It is the largest automobile manufacturer in India.
Rank 4: Hindustan Petroleum
Annual revenue: Rs 2,36,797 crore
Ranked 260th in the Fortune Global 500 rankings, Hindustan Petroleum Corporation is a govt-owned oil and natural gas company with Navratna status. It has about 25% market share in India among public-sector companies and a strong marketing infrastructure
Rank 3: Bharat Petroleum
Annual revenue: Rs 2,67,718 crore
Bharat Petroleum Corporation is an oil refining, exploration and marketing PSU with Navratna status. It is a Government of India controlled, Maharatna oil and gas company headquartered in Mumbai, Maharashtra.
Rank 2: Reliance Industries
Annual revenue: Rs 4,44,021 crore
Well, no surprises here! Owned by Mukesh Ambani, Reliance Industries is India’s largest private-sector enterprise, with businesses in the energy and materials value chain.
Rank 1: Indian Oil Corp (IOC)
Annual revenue: Rs 5,00,973 crore
Indian Oil Corp is India’s largest company, which dominates the petroleum market accounting for a 49 per cent share. It is an Indian state government-owned oil and gas company headquartered in New Delhi.