Reliance Industries tops Fortune India-500 list for second straight year
By Lokmat English Desk | Published: December 3, 2020 03:55 PM2020-12-03T15:55:35+5:302020-12-03T15:55:35+5:30
Next 
Billionaire Mukesh Ambani-led Reliance Industries Limited (RIL) has topped the Fortune India-500 list for the second year in a row.
The Mumbai-headquartered multinational conglomerate accounts for 7% of cumulative revenues and 11% of profits of the companies on the 2020 list. Last year, RIL toppled state-owned Indian Oil Corporation Limited (IOCL) to make it to the top spot for the first time.
Fortune India compiles this list of 500 top companies in the country on the basis of the revenues generated by them in a financial year. The figures in the latest Fortune India-500 list pertain to FY 2019-20.
This year, ICICI Bank, ranked nine and Larsen & Toubro at 10 made it to the top 10, as Coal India and Tata Steel slipped out; Tata Steel had ranked eighth on the 2019 list and Coal India ninth.
The largest companies continued to account for bulk of the cumulative revenues of the 500 companies. The list showed 38 companies clocking revenues of over Rs 50,000 crore each, together accounting for nearly 60 per cent of the total revenues this year, Fortune India said.
On the other hand, as many as 139 companies reported revenues of under Rs 3,000 crore each, together accounting for just under 4 per cent of the total revenues. Oil and gas companies together accounted for 22 per cent and 20 per cent of the total revenue and profit, respectively with Reliance Industries leading the pack.
