Reliance Industries remains India’s top-ranked company on the global list, followed by LIC, Indian Oil Corporation, and SBI
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Mumbai/New Delhi — India has once again made a notable mark on the global corporate stage, with nine Indian companies earning spots in the prestigious Fortune Global 500 list for 2025. The rankings, released by Fortune Magazine, highlight the world’s largest companies by revenue for the fiscal year ending March 2025.
At the forefront is Reliance Industries Limited (RIL), securing the 88th position globally — maintaining its status as India’s highest-ranked private sector company on the list. RIL has climbed significantly in the past four years, rising from 155th position in 2021, a reflection of its aggressive diversification into new-age businesses such as renewable energy and digital services.
🏢 List of Indian Companies in Fortune Global 500 (2025)
| Rank | Company | Sector | Ownership |
|---|---|---|---|
| 88 | Reliance Industries Ltd. | Conglomerate (Energy, Retail, Telecom) | Private |
| 95 | Life Insurance Corporation of India | Insurance | Public Sector |
| 127 | Indian Oil Corporation | Oil & Gas | Public Sector |
| 163 | State Bank of India | Banking | Public Sector |
| 181 | Oil and Natural Gas Corporation (ONGC) | Oil & Gas | Public Sector |
| 258 | HDFC Bank | Banking | Private |
| 283 | Tata Motors | Automotive | Private |
| 285 | Bharat Petroleum Corporation Limited | Oil & Gas | Public Sector |
| 464 | ICICI Bank | Banking | Private |
📊 Key Highlights
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Reliance Industries continues its dominance among Indian corporations on the global stage. With its diversified presence across energy, telecom (Jio), retail (Reliance Retail), and green energy, the company recorded a revenue of over USD 125 billion for FY2024–25.
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LIC (Life Insurance Corporation of India) retained its spot in the top 100, coming in at 95th position, further solidifying its role as India’s insurance behemoth.
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Indian Oil Corporation (IOC) dropped to 127th, reflecting pressures in the global energy market and domestic fuel pricing regulations.
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SBI (State Bank of India) saw a remarkable climb, moving up the ranks to 163rd — a reflection of improved asset quality and expansion in retail lending and digital banking.
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ONGC (Oil and Natural Gas Corporation) held on to a strong position at 181, continuing to be one of Asia’s largest oil and gas producers.
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HDFC Bank made a significant leap, now ranking 258th, showcasing robust growth in deposits, loan books, and digital adoption. This marks a key milestone for India’s private banking space.
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Tata Motors, at 283rd, benefitted from increased electric vehicle (EV) focus and strong overseas performance through Jaguar Land Rover (JLR).
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BPCL (Bharat Petroleum Corporation Limited) ranked 285th, marginally ahead of Tata Motors, despite facing headwinds from global crude fluctuations.
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ICICI Bank, ranked 464th, made its first entry into the Fortune 500 last year and has retained its position with strong performance in the retail banking segment.
🔍 Broader Insights
This year’s Global 500 list includes companies from 30 countries. The United States leads with 138 companies, followed by Greater China (including Hong Kong and Taiwan) with 130 companies. The Fortune Global 500 remains the gold standard for measuring global corporate powerhouses based on revenue.
The presence of nine Indian firms, spanning sectors such as energy, banking, insurance, and automotive, underscores the increasing global competitiveness of India’s corporate sector. Notably, five of the nine Indian firms are public sector undertakings (PSUs), continuing to play a key role in nation-building and economic expansion.
📈 India’s Global Ascent
India’s corporate landscape has been steadily expanding on the world stage, supported by strong macroeconomic fundamentals, digital infrastructure, and consumption-driven growth. The inclusion of multiple Indian banks on the list reflects the rapid growth of India’s financial services ecosystem and fintech integration.
Reliance’s inclusion in Time Magazine’s 100 Most Influential Companies of 2024, and its 49th rank in the Forbes Global 2000 list, reinforce the conglomerate’s emergence as a truly global enterprise.
Meanwhile, the consistent performance of Tata Group companies, PSUs like ONGC, BPCL, IOC, and banks like HDFC and ICICI, demonstrate that India Inc. is not only scaling revenue milestones but also driving sustainable and inclusive growth.
🧠 What Lies Ahead
Looking ahead, several other Indian firms such as TCS, Infosys, Larsen & Toubro, and Wipro are potential candidates for inclusion in the Fortune Global 500, provided current growth trajectories continue. The ongoing push for green energy, manufacturing, and digital transformation may further accelerate India’s corporate expansion globally.
Additionally, with India set to become the third-largest economy by 2027, as per several global economic forecasts, the number of Indian companies in the Fortune 500 list is expected to grow over the next few years.
📌 Conclusion
The 2025 Fortune Global 500 list is a clear indicator of India’s growing influence in global business. As Indian companies continue to expand their footprints beyond borders, their role in shaping the global economic narrative will only become stronger. The combination of robust domestic demand, government-led reforms, and strategic globalization makes India a corporate powerhouse on the rise.
🔖 Hashtags
#FortuneGlobal500 #IndiaInc #RelianceIndustries #LIC #IOCL #SBI #ONGC #HDFCBank #TataMotors #BPCL #ICICIBank #GlobalBusiness #Top500Companies #CorporateIndia #PSUs #PrivateSectorIndia #IndianEconomy #DigitalIndia #MakeInIndia #IndiaOnTheRise
