FORTUNE INDIA 500: INDIA’s LARGEST CORPORATIONS
If one wants to take a health check on corporate India, and hence get a glimpse of how the broader economy is looking, there are few better places to do that than the FORTUNE INDIA 500 (FI500) listing of India’s largest corporations.
The FI500 has always been a mix of stories of success and failure, challenges and opportunities, and it’s no different this time.
But the biggest story this year has been the emergence of a new No. 1, the first time since this list was first published in 2010.
Reliance Industries Ltd (RIL), the oil-to-telecom-to-retail megacorp owned by Asia’s richest billionaire, Mukesh Ambani, finally
toppled public sector giant Indian Oil Corporation (IOC) to take the top slot in the Fortune India 500 list this year. Last year, RIL was snapping at the heels of IOC, with the gap in their revenue at just over `14,026 crore, but this year RIL has surged ahead to top the charts
with a hefty `5.81 lakh crore in revenue, 8.35% more than IOC’s. In late November, RIL also became the first Indian company ever to hit the `10 lakh crore market capitalisation figure, as its stock surged tonew highs. The old order is changing.
Fortune is one of the most respected business magazines in the world. It is known for its unrivaled access to world’s most influential leaders and decision-makers. In a world of business long on information and short on time, Fortune stands out with trusted insight, deep reporting and provocative story telling. Few publications cover the world of business with as much depth, breadth, wisdom, and panache. That’s why Fortune is recognized as ‘the best magazine in the world that just happens to be about business’. Fortune 500 is perhaps the best-known brand in business journalism and the ultimate hallmark of corporate success. Launched in India in October 2010, Fortune India retains the spirit of the global brand with respect to thought leadership and practice from across the world every month while adding an Indian dimension. It is the only truly global business magazine dedicated to the global success of Indian business leaders, offering actionable insights to propel their businesses. Fortune Indai is published every month. Fortune India publishes 12 issues (10-regular issues and 2 special- 500 listing issues) in a year. Single Issue Digital price for regular issues is 200 INR and 300 INR for special issues
