The Fortune India 500 is a ranking of the top 500 corporationsinIndia compiled on the basis of latest sales and gross revenue figures. The list is published annually by Fortune magazine.[2]Fortune IndiaisFortune's sixth international edition following local editions for China, Turkey, Korea, Indonesia as well as a special edition for Greece.[3][4]
Fortune India is published monthly in English, through a licence agreement between Time Inc., the publisher of Fortune (US) and Kolkata-based ABP Group, one of India's largest media companies.[5][6] The first issue of Fortune India was published in September 2010 with Dibyendra Nath Mukerjea as the editor and Pavan Varshnei as the president.[7][8] In October 2011, the publication celebrated its first anniversary with a double issue.[9]
The Fortune India 500 list ranks publicly traded companies by their annual audited total income for the financial year ending on or before 30 June. The list has been published in its current form since 2010, and also includes financial corporations and service providers, leading by revenue.[10]
Reliance Industries retained at the top spot for three successive years, whilst State Bank of India climbed up to second place and Indian Oil Corporation fell to third place.[11]
Reliance Industries continued on top place in the 2020 Fortune India 500 rankings, while Indian Oil Corporation and Oil & Natural Gas Corporation were second and third respectively.[12]
Reliance Industries was ranked 96th in the GlobalFortune 500 list, and the top 7 positioned companies in the Indian list made it to the global Fortune 500 list.[13]
Reliance Industries exchanged positions with Indian Oil Corporation for the top place in the 2019 Fortune India 500 rankings, while Oil & Natural Gas Corporation continued on the third position.[14]
Indian Oil Corporation continued on top place in the 2018 Fortune India 500 rankings, while Reliance Industries and Oil & Natural Gas Corporation was second and third respectively.[15]
Indian Oil Corporation topped the 2017 Fortune India 500 rankings, and Reliance Industries was listed second. The next three places were taken by State Bank of India, Tata Motors, and Rajesh Exports, respectively.[16]
^Business Standard (24 September 2010). "Fortune India hits the stands, finally". Business Standard India. Business-standard.com. Archived from the original on 15 January 2012. Retrieved 23 January 2012. {{cite news}}: |author= has generic name (help)
^"India 500 2011: City". Fortune India. Archived from the original on 15 June 2012. Retrieved 14 December 2011. Number of companies data taken from the "Pick a city" box. [dead link]
