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 Name	Net Sales (2007) in $ billion (conversion rate Rs.40.90 per dollar)
	Indian Oil Corporation Ltd	52.53
	Reliance Industries Ltd	25.76
	Bharat Petroleum Corp Ltd	23.85
	Hindustan Petroleum Corp Ltd	21.95
	ONGC	9.75
	State Bank of India	9.73
	Steel Authority of India Ltd	8.63
	NTPC Ltd	8.04
	Mangalore Refinery & Petrochemicals Ltd	7.04
	Tata Motors Ltd	6.79
	Chennai Petroleum Corp Ltd	6.07
	MMTC Ltd	5.72
	ICICI Bank Ltd	5.67
	Hindalco Industries Ltd	4.51
	Bharti Airtel Ltd	4.39
	Larsen & Toubro Ltd	4.33
	Tata Steel Ltd	4.33
	Bharat Heavy Electricals Ltd	4.25
	GAIL (India) Ltd	3.96
	Tata Consultancy Services Ltd	3.68
	Maruti Udyog Ltd	3.61
	State Trading Corp of India Ltd	3.53
	Wipro Ltd	3.37
	Infosys Technologies Ltd	3.24
	ITC Ltd	3.05
	Hindustan Lever Ltd**	2.98
	Sterlite Industries (India) Ltd	2.91
	Reliance Communication Ltd	2.89
	Punjab National Bank	2.84
	Canara Bank	2.80
	Adani Enterprises Ltd	2.50
	Mahindra & Mahindra Ltd	2.48
	Hero Honda Motors Ltd	2.44
	Bajaj Auto Ltd	2.35
	Bank of Baroda	2.27
	Bank of India	2.26
	Grasim Industries Ltd	2.14
	JSW Steel Ltd	2.12
	Hindustan Zinc Ltd	2.11
	Ruchi Soya Industries Ltd	2.11
	Videocon Industries Ltd***	1.87
	Ispat Industries Ltd	1.85
	Union Bank of India	1.82
	Ashok Leyland Ltd	1.77
	HDFC Bank Ltd	1.70
	Industrial Development Bank of India Ltd	1.56
	Ambuja Cements Ltd**	1.55
	Central Bank of India	1.54
	Satyam Computer Services Ltd	1.54
	Syndicate Bank	1.49
	National Aluminium Co Ltd	1.46
	Housing Development Finance Corporation Ltd	1.45
	Indian Overseas Bank	1.44
	Bongaigaon Refinery & Petrochemicals Ltd	1.43
	ACC Ltd**	1.41
	Reliance Energy Ltd	1.40
	Petronet LNG Ltd	1.36
	Suzlon Energy Ltd	1.33
	UCO Bank	1.31
	Oriental Bank of Commerce	1.27
	Mahanagar Telephone Nigam Ltd	1.21
	UltraTech Cement Ltd	1.21
	Allahabad Bank	1.20
	Jindal Stainless Ltd	1.20
	Tata Power Company Ltd	1.16
	Redington India Ltd	1.16
	National Bank for Agriculture & Rural Development	1.15
	UTI Bank Ltd	1.12
	Siemens Ltd***	1.11
	Indian Bank	1.06
	ABB Ltd**	1.05
	National Mineral Development Corporation Ltd	1.03

* 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.