Mumbai: Reliance Industries Limited (RIL), the leading Indian corporation in terms of revenue, market value, and profits, has once again secured the top position among Indian companies in Forbes’ Global 2000 list for 2023.
In the overall ranking of 2000 global corporations, Reliance Industries claimed the 45th spot, surpassing renowned names such as BMW Group from Germany, Nestle from Switzerland, Alibaba Group from China, Procter and Gamble from the US, and Sony from Japan.
It is worth noting that Reliance Industries has raised 8 spots since its 2022 rating, when it was ranked 53rd.
In the rankings, State Bank of India secured the 77th position, HDFC Bank ranked at 128, and ICICI Bank claimed the 163rd spot.
As per reports, JPMorgan, the biggest US bank with assets amounting to USD 3.7 trillion, emerged as the top-ranked company for the first time since 2011. Saudi Aramco secured the second position, followed by three state-owned Chinese banks. Alphabet and Apple, prominent technology giants, secured the seventh and tenth positions, respectively.\
State Bank of India moved up to the 77th spot from the 105th spot in the 2022 ranking, while HDFC Bank secured the 128th position (compared to 153 in 2022), and ICICI Bank ranked 163rd (compared to 204 in 2022).
Other Indian companies featured on the list including Oil and Natural Gas Corporation at 226 and HDFC at 232. Life Insurance Corporation (LIC) made its debut at the 363rd position, while Tata Consultancy Services (TCS) slipped to the 387th rank from 384 last year. A total of 55 Indian firms are featured in the Global 2000 rankings.
Moreover, Reliance Industries was also recognised as India’s top employer and ranked among the top 20 worldwide in 2022. These rankings are based on an extensive survey in which employees rate their employers on various factors.