9 Indian companies in Fortune 500 Global list 2022

Tags: International News

Recently, Life Insurance Corporation listed on the stock exchange has joined the list of Fortune's Global 500 companies. With this, now nine Indian companies have made their place in the list.

Important facts

• LIC, the country's largest life insurer with a revenue of USD 97.26 billion and profit of USD 553.8 million, is ranked 98th in the recently released Fortune 500 list.

• Reliance Industries jumped 51 places to 104 in the 2022 list.

• Reliance has been on the list for 19 years with a revenue of USD 93.98 billion and a net profit of USD 8.15 billion in the latest year.

• Indian Oil Corporation (IOC) jumped 28 places to 142nd position, while Oil and Natural Gas Corporation (ONGC) moved up 16 places to 190th.

• The list includes two Tata group companies - Tata Motors at 370th position and Tata Steel at 435th position.

• State Bank of India (SBI) climbed 17 places to 236th and Bharat Petroleum Corporation Limited climbed 19 places to 295th.

• The Fortune Global 500 list ranks companies based on total revenue for the respective fiscal years ended on or before March 31, 2022.

Global position

• American retail company Walmart tops the list of Fortune Global 500.

• Amazon is in second position.

• Chinese energy giant's State Grid, China National Petroleum and Sinopec rounded out the top five.

Top 10 companies in 2022 Fortune Global 500 list

1. Walmart, U.S

2. Amazon, U.S

3. State Grid, China

4. China National Petroleum, China

5. Sinopec, China

6. Saudi Aramco, Saudi Arabia

7. Apple, U.S

8. Volkswagen, Germany

9. China State Construction Engineering, China

10. CVS Health, U.S.