Reliance Industries Rockets to 45th Rank on Forbes Global 2000 List, Leading the Indian Charge

Reliance Industries shines brightly on the Global 2000 list with staggering sales amounting to USD 109.43 billion and profits totaling USD 8.3 billion. Positioned at the notable 45th rank, Reliance has surpassed internationally acclaimed names such as Germany's BMW Group, Switzerland's Nestle, China's Alibaba Group, and US-based Procter & Gamble. This exceptional accomplishment solidifies the conglomerate's standing as the leading Indian firm and serves as a testament to its remarkable trajectory of growth.

India's presence on the Global 2000 list is particularly noteworthy, with a total of 55 Indian companies making their mark. State Bank of India has climbed to the 77th position, marking a significant improvement from its previous rank of 105. HDFC Bank secures the 128th position, up from 153 in the year prior, while ICICI Bank stands at the 163rd rank, a notable jump from 204 in 2022. Other remarkable Indian companies on the list include Oil and Natural Gas Corporation (226), HDFC (232), and Life Insurance Corporation (LIC), which makes its maiden entry at the 363rd position.

Despite facing criticism and experiencing a momentary decline in wealth rankings, three firms from Gautam Adani's conglomerate, namely Adani Enterprises, Adani Power, and Adani Ports & Special Economic Zones, have found their place on the Global 2000 list. These companies have secured ranks of 1062, 1488, and 1598, respectively, showcasing their resilience and ability to maintain their positions among the world's top public corporations.