While 13 of the 14 present in the latest list have taken a dip in their rankings, four companies — Mukesh Ambani-led Reliance Petroleum, state-run Indian Oil Corp (IOC), realty major Unitech and housing loan giant HDFC — have completely moved out of the league.
The latest FT Global 500 list was published by the UK business daily Financial Times over this weekend, is based on the companies’ market capitalisation as on March 31, 2008. The previous rankings were based on December 2007-end figures.
Reliance Industries, flagship company of India’s biggest corporate house Mukesh Ambani group, is top ranked 80th in the latest list, topped by the US energy giant ExxonMobil.
Except for tobacco-to-consumer goods major ITC, ranked 484th, all other Indian companies have seen their rankings decline from the previous list.
Together, the market value of these 14 firms has dropped by about $ 150 billion since December last year and currently stands at about $ 440 billion.
There were 17 Indian companies in the previous list and had a total market capitalisation of about $ 590 billion.
In the country-wise ranking based on total market cap of all their companies present in the list, India has been placed 15th. The US is at the top with 169 companies worth a total $ 9.6 trillion, followed by UK, China, France and Japan.