Reliance Ranked in Top 100 on Fortune list of companies

Reliance Ranks fortune

On  Tuesday, 10 August 2020 fortune declared the list of 500 globally ranked companies. Mukesh Ambani’s company  Reliance made this time in the top 100 and ranks on 96th position in the fortune list of top 500 global companies. Reliance company revenue for the fiscal year2020 was USD 86.2 billion.

relianceReliance before the list of 2020 ranks in the top 100 in the year 2012 making itself on  99th rank fortune list.  In 2016 Reliance ranked on 215th  Rank on the list after that company ranking has been increasing only. now this time it made wonders. This is the first time, any company of India has made this high in the fortune’s list.

The Fortunes list was topped by Walmart making it raking on no 1 position by generating a revenue of$523,964 million. Walmart is a US-based company. The second Rank is made by the Sinopec Group, a Chinese company dealing in the petroleum and chemical sectors. The company generated revenue of $407,009. While Amazon ranked in 9th  position with revenue generation of $280,522.

Indin oil corporation (IOC ) a government-owned oil and gas company fall 34th  positions from is last year’s ranking. IOC ranked in the 117th  position. Its headquarter is in New Delhi. IOC company revenue for the fiscal year2020 was USD 69.2billion.

ONGC  is ranked in 190th  position while in 2019 It made the rank of 160th. The company’s revenue for the fiscal year2020 was USD 57 billion. SBI uplifted its raking making it on 221st position. The company’s revenue for the fiscal year2020 was USD 51 billion. BPCL (Bharat Petroleum Corporation Limited) made its position on 309th Rank. TATA MOTORS ranked in the 337th position. Rajesh Exports made their rank on the 462nd position. Rajesh Exports Limited is a gold retailer in India which refines, designs, and sells gold and jewelry.

Fortune ranks company on the basis of total revenue generated by companies in the fiscal year before 31st March 2020.

According to Fortune, The world’s 500 largest companies generated $33.3 trillion in revenues and $2.1 trillion in profits in 2019. Together, this year’s Fortune Global 500 companies employ 69.9 million people worldwide and are represented by 32 countries.

Source: Economic times ,Fortune

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