New Delhi: World’s fourth richest man Mukesh Ambani’s oil-to-telecom conglomerate Reliance Industries Ltd (RIL) has been ranked 96th in the 2020 Fortune Global 500 list released Tuesday. India’s topmost company by market capitalisation jumped 10 placed to make it to the world’s top 100 companies, as compiled and ranked by Fortune magazine.
Reliance is the only Indian company to be ranked among top 100 global companies on the list which is published every year by the Fortune magazine which calls it the “ultimate business scorecard”. RIL has been on the Fortune 500 list for 17 years now. On the other hand, 24 state-owned and private companies from China made it to the revered list.
Other than RIL are only six Indian state-owned and private companies made it to the top 500 global companies, according to Fortune. These are: Indian Oil, Oil & Natural Gas Corporation, State Bank of India, Bharat Petroleum, Tata Motors, and Rajesh Exports
In the top five global companies as ranked by Forbes, three are Chinese, one from the US while one is Anglo-Dutch. Retail major Walmart from the US tops the 2020 list followed by three Chinese companies: China state-owned petroleum and chemical giant Sinopec Group, China’s state-owned power company State Grid, and China National Petroleum Corp (CNPC). The Anglo-Dutch oil and gas multinational Royal Dutch Shell was fifth on the Fortune magazine’s 2020 list.