Two Indian American-led firms have found themselves listed in Fortune 500's List of the World's Biggest Corporations in terms of revenue. Microsoft Corporation, led by CEO Satya Nadella is ranked 63rd with $93.5 billion and PepsiCo, led by CEO Indra Nooyi, is placed at 127th with $63 billion.
Also on the list are seven Indian companies and one head quartered in Luxembourg led by an Indian. Walmart finds itself on the top of the lot. Also in place are Arcellor Mittal, at 123rd position with a revenue of $63.5 billion, Indian Oil Corp at 161st and Rajesh Exports at 423.
Among state-run majors, Indian Oil is followed by the State Bank of India, Bharat Petroleum and Hindustan Petroleum. Indian Oil is ranked 161st with revenue of $54.7 billion (down from 119th last year), while Reliance Industries Limited is now at 215th (down from 158th). Bharat Petroleum slipped from 280th to 358th this year and Hindustan Petroleum is at 367th, down from 327th. However, Tata Motors and SBI have improved their position.
The world’s 500 largest companies generated $27.6 trillion in revenues and $1.5 trillion in profits in 2015, Fortune said. It added that together, this year’s Fortune Global 500 companies employ 67 million people worldwide and are represented by 33 countries.
