Monday, June 18, 2007

Billion Dollar Indian Companies

Finally we have a good bunch of Indian companies in the Billion Dollar club. The top is still dominated by public monopolies. I expect it to change in the next few years with the IT companies hogging the limelight.


Company NameNet Sales (2007) in $ billion (conversion rate Rs.40.90 per dollar)

Indian Oil Corporation Ltd52.53

Reliance Industries Ltd25.76

Bharat Petroleum Corp Ltd23.85

Hindustan Petroleum Corp Ltd21.95

ONGC9.75

State Bank of India9.73

Steel Authority of India Ltd8.63

NTPC Ltd8.04

Mangalore Refinery & Petrochemicals Ltd7.04

Tata Motors Ltd6.79

Chennai Petroleum Corp Ltd6.07

MMTC Ltd5.72

ICICI Bank Ltd5.67

Hindalco Industries Ltd4.51

Bharti Airtel Ltd4.39

Larsen & Toubro Ltd4.33

Tata Steel Ltd4.33

Bharat Heavy Electricals Ltd4.25

GAIL (India) Ltd3.96

Tata Consultancy Services Ltd3.68

Maruti Udyog Ltd3.61

State Trading Corp of India Ltd3.53

Wipro Ltd3.37

Infosys Technologies Ltd3.24

ITC Ltd3.05

Hindustan Lever Ltd**2.98

Sterlite Industries (India) Ltd2.91

Reliance Communication Ltd2.89

Punjab National Bank2.84

Canara Bank2.80

Adani Enterprises Ltd2.50

Mahindra & Mahindra Ltd2.48

Hero Honda Motors Ltd2.44

Bajaj Auto Ltd2.35

Bank of Baroda2.27

Bank of India2.26

Grasim Industries Ltd2.14

JSW Steel Ltd2.12

Hindustan Zinc Ltd2.11

Ruchi Soya Industries Ltd2.11

Videocon Industries Ltd***1.87

Ispat Industries Ltd1.85

Union Bank of India1.82

Ashok Leyland Ltd1.77

HDFC Bank Ltd1.70

Industrial Development Bank of India Ltd1.56

Ambuja Cements Ltd**1.55

Central Bank of India1.54

Satyam Computer Services Ltd1.54

Syndicate Bank1.49

National Aluminium Co Ltd1.46

Housing Development Finance Corporation Ltd1.45

Indian Overseas Bank1.44

Bongaigaon Refinery & Petrochemicals Ltd1.43

ACC Ltd**1.41

Reliance Energy Ltd1.40

Petronet LNG Ltd1.36

Suzlon Energy Ltd1.33

UCO Bank1.31

Oriental Bank of Commerce1.27

Mahanagar Telephone Nigam Ltd1.21

UltraTech Cement Ltd1.21

Allahabad Bank1.20

Jindal Stainless Ltd1.20

Tata Power Company Ltd1.16

Redington India Ltd1.16

National Bank for Agriculture & Rural Development1.15

UTI Bank Ltd1.12

Siemens Ltd***1.11

Indian Bank1.06

ABB Ltd**1.05

National Mineral Development Corporation Ltd1.03

* For manufacturing & service companies, net sales considered as revenue.For commercial banks, net interest income is considered as revenue.
** Firms’ financial year ending December 2006
*** Firms’ financial year ending September 2006
# For the nine months ended December 2006, ONGC’s sales were $9.75 billion. It has not yet announced its financial results for the full year. In 2005-06, the firm had recorded sales of $10.74 billion.

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