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11 Indian firms in Forbes Global 2000 list

Washington, May 7  Eleven Indian companies figure in Forbes magazine’s annual list of the world’s biggest companies, with China landing five of the top 10 spots for the second year in a row.

State Bank of India (world ranking 152) tops the Indian companies in the 13th Annual Global 2000 list with assets worth $400.6 billion, followed by Indian Oil (349) in the second and Coal India (490) in the third place.

Other Indian companies on the list are Power Grid Corporation of India Limited (980), Bank of India (982), GAIL (India) Limited (1,018), Steel Authority of India Limited (1,383), Union Bank of India (1,432), Central Bank of India (1,663), Indian Overseas Bank (1,711) and Indian Bank (1,894).

Criteria for the ranking in the list included sales, profits, assets and market value.

In total, Global 2000 companies account for $39 trillion in revenue, $3 trillion in profits, $162 trillion in assets, and $48 trillion in market value in 2015. Total market value grew 9 percent year-over-year, the most among the four metrics.

Thanks to a rising stock market and strong investor demand, the boom of the global IPO market added at least 20 notable newcomers to the list.

In particular, Asian companies took the lead in raising capital, such as Alibaba’s IPO, the world’s largest IPO ever.

Notable gainers include Facebook, which increased more than 200 spots in this year’s ranking due to rising revenue and profits, American Airlines, Starbucks and Monster Beverage.

The top five country-wise breakdown: US 579, China (mainland and Hong Kong) 232, Japan 218, Britain 94 and South Korea 66.

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