Reliance Industries Ltd. leads the pack of India’s most powerful companies

Mukesh Ambani run Reliance Industries Limited (RIL) has been voted as the most powerful of the 57 Indian companies that were listed on the worlds most powerful publically listed companies as brought out by Forbes Magazine. The standing was based on a firm’s rankings for sales, profits, assets and market value combined. RIL currently leads the pack of all Indian companies that managed a feature on the list with sales of $ 45 billion (about Rs 2, 00,000 crore) and a ranking of 121(up by 5 ranks as compared to last year) on the list of the 2000 global companies. Others on the list included the likes of State Bank of India at 136, Oil and Natural Gas Corporation at 172 and India Oil Corporation at 243. As per the ranking analysis, the 57 Indian companies on the list account for $ 465 billion in revenues, $ 50.64 billion in profits, $ 1.68 trillion in assets and $ 814 billion in market value.

As per the results, it was been valuated that Mukesh Ambani, is undoubtedly pushing the mettle of his company in order to reach the top slots next to the world’s major. So much so, that Time Magazine has voted Mukesh Ambani as one of the top most influential people in this world. Credits for this strong status can be directed to Mukesh Ambani’s recent forays and tie-ups with world’s other powerful enterprises, including BP and DE Shaw, in order to augment Reliance’s standing in the global front. Being a domestic flagship, it was time for Reliance to thrust more coal into their functions so as to uplift the company to international levels. And the bet has payed off well. Reliance Industries had encountered a successful first financial quarter ending March 2011, and the prospect looks bright for the year ahead. With many high-flying deals lined up for the fiscal year, especially the large scale global ones, RIL is definitely in for more growth and consequential growth in its power quotient.

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