India has developed highly in recent years and its companies have made it to the global rankings in many aspects. It’s a place where global companies prefer to bring their businesses which is all due to the fast developing companies in the country in varying sectors.
India is expected to reach the title of the most populated country in the world in the coming years. And it is this manpower that is its biggest power. Entrepreneurs have placed India among the biggest zones where people from all around the world can get the most beneficial opportunities.
If we talk of some of the reasons why and how are the biggest companies of India able to reach this far, they could be India becoming the second largest internet market in the world, strengthening of the infrastructure and availability of opportunities.
Let us have a look at the top ten biggest companies in India that have been ranked on the basis of the revenue earned by them.
Top 10 Biggest Companies Of India
Following are considered the biggest companies in India as per the current scenario:
TCS or the Tata Consultancy Services’ revenue was $16.9 billion. The company was established in 1968 and has Rajesh Gopinathan as its current CEO. Rs.118 billion is the amount of revenue it earned in the fiscal year 2017. The TCS is the tenth of the biggest companies in India.
Anil Kumar Jha is the current CEO of Coal India Ltd., one of the biggest companies of India, that got established in the year 1975 and earned revenue of $17.4 billion.
$19 billion is the amount of revenue, 1956 the establishment year and Shashi Shanker the CEO for Oil and Natural Gas Corporation Ltd. as the basic details of the company.
Another of the jewels of India, the Hindustan Petroleum Corporation Ltd. has to its possession an amount of $27 billion earned as the revenue. It got established in 1974 and has Mukesh Kumar Surana as its chief executive officer.
This one earned revenue that amounted to a huge one $29 billion. Established in 1976, the company has D. Rajkumar as its current CEO.
$34 billion is the amount of revenue earned by Rajesh Exports Limited. The CEO or the Chief Executive Officer is Prashant Mehta. The company was established in 1995.
The amount of revenue of Tata Motors earned is $46 billion and it was established in 1945. The current CEO, as well as the MD of the company, is Guenter Butschek.
The State Bank of India or SBI, that comes third among the biggest companies of India, has an amount of $48 billion to its revenue collection. The CEO of the company is Arundhati Bhattacharya. It was established in the year 1955.
Established in the year 1960 as Reliance Commercial Corporation, it was turned to the Reliance Industries Limited in the year 1973. It earned revenue amounting to $62 billion. The chairman/CEO and MD of the company are Mukesh Ambani.
The Indian Oil Corporation is on the top among the biggest companies of India established in the year 1959. It is an oil and gas company whose revenue amounts to $66 billion. The company is India’s leading company in the field of oil and gas. The number of employees the Indian Oil Corporation has working for it is 34, 149 and it has its subsidiaries in various parts of the world. Some of the countries where the Indian Oil Corporation has its subsidiaries are Mauritius, Sri Lanka, and the United Arab Emirates.
The leading company of India has its eyes on various new areas in the world like countries across the continents of Asia as well as Africa. Indian Oil Corporation has been ranked high among the top five hundred companies by the Fortune Global. It was the 137th company in the year 2018 and the topmost among India’s. It is also among the top thirty best companies in the country to work for.
The CEO of the company is B Ashok who was the former chairman of the same company.
Few More Companies
There are many more companies like Infosys, Kotak Mahindra, ICICI Bank, HDFC, HDFC Bank, Maruti Suzuki, Wipro, Bajaj Finance, Axis Bank and Sun Pharma to name a few that are among the leaders next to the top ten biggest companies of India.
The recent years have seen an immense amount of growth in the companies of India that has further led to more and more foreign companies building their trust in the Indian market. It is expected that India can reach the level of China in many aspects in the following years.
Talking of some of the facts about the Indian companies, India has been termed as the country with the fastest growing wealth. This is due to the stock market performance and the individual increase in the positions of the companies on a global scale. Also, it is because of the betterment in the companies’ positions that there is an increasing number of billionaires in India today.
If the growth and development of the companies continue this way, India can surely reach far greater heights. After all, it has got a huge base in the form of a large population of youth.
Needless to say, India is growing, and growing so fast. It is these companies in the country that hold the power and give India the power to become global leaders. A lot is expected from the coming generation. But without any doubt, this era, the present one, is one to be remembered always due to the level of performance the Indian companies have shown in the era. More will come for sure.