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Among some well-known names like Germany’s BMW Group, China’s Alibaba Group, Japan’s Sony, and the U.S Based Proctor and Gamble India-based Reliance climbed up its place.
The Oil to telecom conglomerate Reliance fetched sales of $109.43 billion and a profit of about $8.3 billion and is the most-ranked Indian Firm. It is ranked at 45th place which is the highest any Indian company made it to this Global List.
The Global List 2000 makes a list of public companies and ranks the largest on the basis of four metrics: Sales, Profit, assets, and market value.
JPMorgan, America’s Biggest Bank has topped the list for the first time since 2011 with USD 3.7 trillion in assets. It has emerged strong from spring’s regional banking crises and the opportunity of acquire the failed First Republic Bank. In the list, Warren Buffet’s Berkshire which topped the list last year has fallen to 338th place which is expected due to some unrealistic losses in investment portfolios.
Mukesh Ambani’s Reliance was in 53rd place in the last year’s ranking but now it has topped by 8 places and reached 45th place.
Even the State Bank of India climbed up from the previous 105th ranking to the 77th ranking. HDFC Bank and ICICI Bank also gained more impactful places from previous rankings of 2022.
Overall, About 55 Indian Firms made it to the list.
- Kratika Agarwal
Also Read, India secured the brightest spot in the Global Economy?
