8 Indian Cos among world's Most Valuable Companies Thursday, July 22 2004 18:47 Hrs (IST)
Oil & Natural Gas Corporation Limited (ONGC) and Reliance Industries Limited (RIL) have been for the first time listed amongst the Top 500 companies in the world in terms of market value.
The top companies find place in BusinessWeek's 'The Global 1000 List' published in the latest edition dated July 26 - August 2, 2004.
For the first time, eight Indian companies have entered the prestigious and valuable 'The Global 1000 List' - The World's Most Valuable Companies. The 2004 rankings is a consolidated list of 'The Global 1000' and 'The Top 200 Emerging Market Companies', which were published separately in the past. Earlier, due to separate listings, most Asian companies did not find a place in the world rankings.
This year, ONGC entered 'The BusinessWeek's Global 1000 List' at the 260th rank (No.1 in India), while RIL was globally ranked at 402 (No. 2 in India). The market value of ONGC is pegged at $ 19.67 billion while that of RIL is at $ 13.22 billion.
Amongst the eight Indian companies in 'The Global 1000 List', three companies represent public sector undertakings while five companies represent the private sector. Reliance leads the list of private sector companies while Oil & Natural Gas Corporation leads the public sector undertakings.
Sector-wise in India, the top three companies are from the energy sector, while two companies are from the Information Technology industry. Fast Moving Consumer Goods (FMCG), Telecom and Banks are represented by one company each.
Top - 5 Global Companies:
The Top - 5 Global Companies as per 'The BusinessWeek's Global 1000 List' were
No.1 - General Electric with a market value of $ 328.11 billion
No.2 - Microsoft market value of $ 284.43 billion
No.3 - Exxon Mobil with market value of $ 283.61 billion
No.4 - Pfizer with market value of $ 269.66 billion
No.5 - Wal-Mart Stores with market value of $ 241.19 billion
BusinessWeek has sourced this data from Morgan Stanley Capital International Inc (MSCI), and ranked companies from 38 countries as of May 31, 2004.
For the first time, this year's list includes the top companies from emerging markets. The aggregate value of the Global 1000 companies jumped 26 per cent from May 2003 to May 2004, to $ 21.1 trillion.
The Special Report on 'The Global 1000 List' published by BusinessWeek stated, 'The return of investors to the Land of the Rising Sun (Japan) was one dominant theme of this year's Global 1000. Others were the prominence of energy and financial stocks.
The value of Global 1000 energy companies grew 45 per cent to $ 1.7 trillion, while financial companies' market value jumped 29 per cent to $ 5.1 trillion. Energy companies and financial firms were bolstered by high oil prices and low interest rates.
India had represented the energy sector through one private sector company - Reliance Industries Limited and two public sector undertakings - Oil & Natural Gas Corporation and Indian Oil.
Other Indian Companies:
The other Indian Companies in 'The BusinessWeek's Global 1000 List' were Indian Oil Corporation, which emerged at the 638th position with a market value of $ 8.61 billion (No. 3 in India) followed by Wipro Limited at 704th slot with a market value of $ 7.81 billion (No. 4 in India).
Infosys Technologies has also emerged in 'The BusinessWeek's Global 1000 List' at the 727th rank with a market value of $ 7.61 billion (No. 5 in India) while Hindustan Lever Limited has entered the list at the 816th rank with a market value of $ 6.64 billion (No. 6 in India), Bharti Tele-Ventures Limited emerged at 948th rank with a market value of $ 5.65 billion (No. 7 in India) and State Bank of India at the 993rd rank with a market value of $ 5.39 billion (No. 8 in India).
Other Global Companies:
United States financial major, Citigroup stood 6th in the world as per market value at $ 239.43 billion, while BP was ranked at the 7th slot with a market value of $ 193.05 billion. American International Group, Intel and Royal Dutch/Shell Group stood at the 8th, 9th and 10th rank with market value of $ 191.18 billion, $ 184.66 billion and $ 174.83 billion respectively.
India Leads amongst Asian/European Countries:
Of the 38 countries, India is ahead amongst its Asian peers (excluding Japan) with eight Companies in the list. Asian nations following India are: China (6), Malaysia (5), Singapore (5), Thailand (3) and Indonesia (1).
India is also ahead amongst countries like Mexico (6), Brazil (5), Finland (5), Norway (5), Denmark (4), Ireland (4), Austria (3), Portugal (3), Israel (2), Poland (2), Chile (1), Hungary (1) and New Zealand (1).
Industry Leaders:
'The Global 1000 List' is classified according to the Global Industry Classification Standard (GICS), a number determined by MSCI.
Major Sectors in the Global 1000 List:
Financials Sector
245 Companies
Consumer Discretionary sector
144 Companies
The Industrials
113 Companies
Information Technology
104 Companies
Consumer Staples
85 Companies
Health Care
73Companies
Materials
67 Companies
Energy
62 Companies
Telecommunication Services
57 Companies
Utilities
57 Companies
Country Leaders in 'The Global 1000 List'
The 38 countries could be categorised by region - Europe, North America, South America, Asia, Australia and Africa.
USA (North America)
423 Companies
Japan (Asia)
137 companies
Britain (Europe)
73 Companies
France (Europe)
44 Companies
Canada (Europe)
37 Companies
Germany (Europe)
35 Companies
Italy (Europe)
23 Companies
Australia (Australia)
21 Companies
Taiwan (Asia)
18 Companies
Spain (Europe)
17 Companies
Other European companies are; Austria (3 companies), Belgium (10 companies), Denmark (4 companies), Finland (5 companies), Greece (8 companies), Hungary (1 company), Ireland (4 companies), Netherlands (15 companies), Norway (5 companies), Poland (2 companies), Portugal (3 companies), Russia (9 companies), Sweden (15 companies) and Switzerland (16 companies).
Other Asian companies are from China (6 companies), Hong Kong (15 companies), Indonesia (1 company), Israel (2 companies), Korea (10 companies), Malaysia (5 companies), Singapore (5 companies) and Thailand (3 companies).
While South American countries - Brazil (5 companies), Chile (1 company) and Mexico (6 companies) had a fair representation in the list. Africa was represented by South Africa (11 companies), while Australia had (21 companies) and New Zealand (1 company).
