Mukesh Ambani-led Reliance Industries Limited (RIL) has been ranked 45th in Forbes' latest Global 2000 list of public companies. It climbed eight spots, to reach the highest level for an Indian company on the coveted list. RIL closed at Rs 2483.1 on June 14. RIL opened at Rs 2521 on NSE on Wednesday
With sales of $109.43 billion and profit of $8.3 billion, RIL has left behind BMW Group, Nestle, Alibaba Group, and Procter & Gamble on the Forbes List
Life Insurance Corporation (LIC) made its maiden entry to the Forbes list at 363 rank. On Wednesday, LIC opened at Rs 599.90 on NSE
State Bank of India (SBI) - 77th rank
HDFC Bank - 128th rank
ICICI Bank – 163rd rank
Some of the Gautam Adani-led firms which came under the scanner post the release of Hindenburg report, have also featured on Forbes' Global 2000 list.
Adani Enterprises – 1062nd rank
Adani Power – 1488th rank
Adani Ports & Special Economic Zones – 1598th rank
A total of 55 Indian firms have been featured on the Forbes list
US’ biggest bank JPMorgan, with a market value of $399.59 billion has topped Forbes Global 2000 list. It bounced back after the regional banking crisis. Warren Buffett's Berkshire Hathaway which topped the Forbes List 2022 has fallen to the 338th position due to some loses in its investment portfolio
Saudi Arabia’s oil giant Aramco with a market value of $2,055.22 billion
(over $ 2 trillion) has been ranked second.
Other companies which have ranked in
the top 10 positions on the Forbes Global
2000 list 2023 are
Rank 3 – China’s ICBC bank: $203.01 bn
Rank 4 - China Construction Bank:
$172.99 bn
Rank 5 – Agricultural Bank of India:
$141.82 billion
Google’s parent company Alphabet is at 7th position with market value of $1,340.53 billion ($1.3 trillion)
Microsoft is at 9th position with market value of $2,309.84 billion ($2.3 trillion)
Apple is at 10th position with market value of $2,746.21 billion ($2.7 trillion)
The Global 2000 ranks the largest companies in the world using four metrics: sales, profits, assets, and market value
The market values of the companies have been sourced from Forbes official list as of June 13, 2023