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NOlA'S LARGEST CORPORATIONS THE WEALTH CREATORS + CIVETS 100 THE LISTS 'S LARGEST CORPORATIONS

From ~38 , 16 , 239 crore in 2010, revenu es of FORTUNE IND IA 500 compan ies have increased at a compound annual growth rate (CAGR] of 9.17% to ~ 91,79,L.tt.t8 crore in 2019- which is nearly 65% of India's gross domestic product. But profits went up by just 3. 25% CAGR, from ~3 .30, 8 2LJ crore in 2010 to ~ t.t . 55 , 293 cro re in 2019. On the other hand, employee co sts ros e at a CAGR of 10.12% to ~ 8.86, 3 83 crore in 2019, from ~3 . 3 8,033 crore in 2010.

RANK COMPANY CITY REVENUE NET OPERATING PROFIT ASSETS NET WORTH PROFIT AS % OF EQUITY DIVIDEND EMPLOYEE COST INCOME

YoY YoY YoY YoY YoY Net YoY YoY lncorpo- chg( %) ~ crore Rank ch g(%) ~ crore Rank chg(%) ~ cro re 2018 ~ crore ch g( %) ~ crore Rank chg(%) Revenue Assets worth ~ crore Rank chg(%) ~ crore Rank chg (%) rationy ear Industry Own ership Ql.SO 5,6 7,135.00 qq_8o 39,588.00 1 9. 7Q 7.19.829.00 7 31.28 3,87,112.00 5.80.553.00 31.89 6.82 5.50 10.23 111 0 12,Q88.00 13 3l.lq 1973 OilS gas RELIAN CEI NDUSTRIES GROUP 26.26 5,28,1Q8.93 25.30 17,376.70 6 -21.69 2,15,539.11 30 15.89 l.l2,Q69.2Q 5 INDIAN OILC ORPO RATI ON Mumbai 5.35,793.18 -1.23 3.2Q 8.06 15.Q5 7,775 .62 2 -13.65 11.596.28 1 q 8.57 1959 OilS gas GO VER NMEN TO f INDIA 30,Q9Q.9 6 37.95 3,73,902.10 15 5.83 2.18,1Q0 .77 2 OI L6 NATURAL GAS COR PORATION Oelhi·IICR Q,36,057.0Q 30.89 Q,21,385.29 30.58 6.92 6.99 8.16 13.98 0 112 0 15,852.07 11 5.89 1993 OilS gas GOVER NME NTOF INDI A 10.6Q 2,299.6Q 53 LP 37,3Q,917.00 8.53 2.09,8Ql.72 3 STATE BANK OFINDIA Mumbai 3,30,687.36 7.88 2,53,322.1Q 2.13 0.70 0.06 1.10 0 113 0 Q3,795.01 3 23.68 1955 Banking GOVER NMENTOF IND IA -28,826.23 500 Pl 1.95,QQ7.7 3 35 -6.82 60,179.56 17 l ATA MOTORS Mumbai 3,03,227.Q1 0.68 3,01,938.QO 3.56 -36.9Q -9.51 -1Q.75 NA 11Q 0 33,2Q3.87 9.72 19% Auto lATAG ROUP 26.Q 2 7,802.30 17 -13.39 87.552.17 63 12.57 38.76Q.72 35 BHARAT PETROLEUMCO RPOR ATIO N Mumbai 3,02.806.71 26.88 2,98,225.59 5.86 2.58 8.91 20.13 2.386.18 7 -2l.Q3 3,98Q.81 37 6.30 1952 OilS gas GOVE RNMENT Of INDIA -6.02 Benga\uru 1.75,830.66 -6.35 1,75,763.12 -6.35 1.292.13 92 2.08 15.172.75 155 8,8Q0.05 123 23.21 0.73 8.52 1Q.62 0 115 0 152.19 Q26 3.67 1995 Gem sGjewell ery INDIAN (PR IVATE ) -23.9Q 1,80,561.86 37 10.85 TATASHH Mumbai 1,59,835.Q6 15.57 1,57,668.78 27.93 10,218.33 11 68,925.08 11 13.23 6.39 5.66 1Q.83 116 0 18,758.87 8 1Q.5q 1907 IronS steel lATA GRO UP 1Q8 .09 87,6QQ.32 62 12.89 26,Q 53.92 Q8 10 COALINDIA 1,52,271.30 1Q.8Q 1,Q7,253.81 13.89 17,Q61.85 5 31.10 ll.Q7 19.92 66.01 8.105.58 1 -20.86 38,801.97 q -9.02 1973 MetalsGmining GOV ER NMENT Of INDIA 21.86 91,835.00 58 Q.97 89,25Q.OO 9 Q.7Q 11 lATAC ONSULTANCY SERVI CES Mumbai 1,50, 77Q.OO 18.96 1,Q6,Q63.00 18.98 31,Q72.00 2 20.87 3Q.27 35.26 0 117 0 78,2Q6.00 17.85 1995 lnlotech lATA GROUP 1,QQ,021.0Q 20.83 1.95,668.30 3Q 16.07 62.37Q.80 15 12 LARSE N6 T OU BRO Mumbai 17.32 l.Ql.007.09 17.82 8.905.13 16 13.61 6.18 Q.55 H .28 0 118 0 18,100.58 9 18.53 19Q6 Capitalgoods IND EPE NDENT* Q,25Q.2Q 30 _qq_gq 11,6Q,853.75 3 9.55 l.ll.l83.Q1 7 lQ ICI CIBANK Vadodara 1,31,306.50 10.37 71.981.65 15.80 3.33 3.2Q 0.37 3.83 0 119 0 9,Q25.26 17 13.10 199Q Banking INDE PENDENT* 5,Q95.67 2Q -9.65 .1.18.822.69 50 2.97 57,501.73 22 13 HINDALCO INDUSTR IES Mumbai 1.31,28Q.20 9.00 1.30,5Q 2.25 13.33 Q.83 Q.19 Q.63 9.56 0 120 9.076.73 18 Q.83 1958 Meta\sGmining ADITYAB IRLA GRO UP 16 HOFCB ANK Mumbai 1.2Q,107.79 22.Q6 1,05,160.7Q 23.30 22,332.Q3 20.65 12,3Q,Q09.91 2 17.03 1,53,672.66 q Q0.21 17.99 1.81 1Q.53 121 ~ 0 10,Q51.15 16 13.67 199Q Banking INDEPEN DENT* 17 MAHIN ORA 6 MAHINORA Mumbai 1,09,Q82.57 13.60 1,0Q,720.68 13.71 5,315.Q6 25 -29.23 1,29.799.06 Q8 19.56 0" 39,983.Q1 33 8.72 Q.86 U O 13.29 122 0 11.563.89 15 15.59 19Q5 Auto MAHINORAGR OUP

LP is a company that turned (rom loss-making to profitable in the posr one year; PL means a company 92 Definitions, explanations. and notes on page llq declared profit last year but is now loss-making; U means a company reported losses in both the years 93 FORTUNE INUI A 5 00 /115 DEC . 2019 ·1q M A RC H 2020 FORTUNE I NOl A 500 /1 1 5 DEC . 201 9 - 1q MA RCH 2020 THE LISTS INDIA'S LARGEST CORPORATIONS FORTUNE INOlA 500

4ii' -- -·------RANK COMPANY CITY REVEN UE NET OPERATING PROFIT ASSETS NET WORTH PROFIT AS% OF EQUITY OIVIOENO EMPLOYEE COST INCOME

YoY YoY YoY YoY YoY Net YoY chg(%) ~ cro re chg('lo) ~ crore chg(%) ~ crore chg(%) ~ cro re YoY lncorpo· 2018 ~ crore Rank chg (%) Revenue Assets worth ~ cror e Rank chg('lo) ~ crore Ran k chg {%) ration year Industry Ownership 2q.5q 3,0q1,q9 325.37 32.62 3~.273.92 19.25 ~0~ DCB BANK Mumbai 3,391.92 26.05 2.871.23 252 12.27 9.59 0.95 11.33 0 388 0 q33.99 262 13.8q 1995 Bankint INDIAN [ PR IVATE) 37.38 2.31q.55 9.66 373 INDIA GLYCOLS UdhamSinghllagar 3,38~.62 12.19 3,356.60 10.62 132.61 962.63 ~ H 13.90 3.92 5.58 13.78 0 389 0 1oo.8q q5o 3.89 1983 Basicmate riats INDIAN [PR IVATE! 353 SINTEX INDUSTRIES Gandhinagar 3,376.05 5.77 3,256.95 13.38 21.52 · 8~.83 10,373.73 ~.qs q,ql2.76 186 o.o6 o.6q 0.21 o.q9 0 390 0 178.71 qoq 21.66 1931 Texliles&garmenls q22.59 2,55q.1o 7.79 INDIAN [PRIVATE ! NEW BHARAT DYNAMICS 3,371.21 ·29.97 3,069.35 ·33.09 · 19.99 2,268.5~ 293 15.96 12.5q 16.5q 18.63 96.22 62 28~. 88 5Jq.21 232 0.92 1970 Capilal goods GOVERNMENT Of INDIA 13q,q5 1.88q.o6 35.85 ·3.552.11 LL q,l72.28 · 2~.83 NEW MDNNH ISPAT 6 EN ERGY Raipur 3,338.9~ 1.168.03 389 ·13S.6q · 106.38 ·85.1q NA 0 391 0 90.35 qs8 6.33 1990 lron6sleet INDIAN !PRIVATE) 11.07 3.077.79 9.33 qo7.~ 7 23.q3 2,7q7.05 12.73 375 FINDLEX CABLES 3,332.8~ 2,737.08 263 12.69 12.23 1~.83 1q.a9 0 392 0 lqQ.70 Q32 3.87 1967 Consumerdurables FINDLEX GROUP q2.90 23q.2o 11.H ~.158.82 16.29 ~6~ SEAMLESS Raigad 3,30~.59 q3.93 3,072.71 3.070.12 2q2 q 78 7.09 5.63 7.63 0 393 0 71.33 q91 12.9q 1988 lron6sleel D.P. JINDAL GROUP 1q.96 8.18 2.~ 20 .5 3 lq.lQ NEW TAFE MOTifRS &T RACTORS 3,295.70 15.23 3.15q.6a 335.51 2.386.59 287 1q,27 10.18 13.86 1q.o6 15.00 95 uq 215.09 380 5.99 2005 Auto INDIAN [PRIVATE ) 3~~ BGR ENERGY SYSTEMS Nellore 3,269.97 ·0.89 3,272.83 · 0. 77 19.30 17.83 3.6~~.5 1 ·1.99 1.176.66 386 ·7.51 0.59 0.53 1.6q 39~ 0 233.71 368 6.29 1985 Capital goods INDIAN [PRIVATE) 3.17q.7q 35a.aq ~3.69 1.79q.a9 2~.58 1,7q7,q6 ~06 HONEYWELLAUTOMATION INDIA Pune 3,260.86 20.09 18.02 330 23.18 11.00 20.10 20.53 0 395 0 539.80 228 17.77 198q Consumerdu rables FO REIGN [HONEYWHLJ GROUP 8.9Q qq5,39 26.99 2.~57.~0 ~ .6 6 m GSK PHARMACEUTICALS Mumbai 3,253 .6~ 8.39 3,128.12 2.139.83 303 q,Ql 13.69 18.12 20.81 396 0 537.20 230 2.6q 192q Orugs,pharma FORE IGN [GSK) GRO UP 3,251.15 22.q6 2.320.06 17.25 857.77 16.81 q6.~93.29 3q.39 u.o3q,q8 NEW BANK OF AM ERICA Mumbai 100 38.38 26.38 1.aq 7.77 0 397 Jq7.89 0 296 3.6Q 196q Banking FOREIGN [B OFAI GROU P ~26 GUJARAT ALKALIES 6 CHEMICALS Vadodara 3,237.25 26.52 3.161.38 28.80 690.19 29.13 ~.639.90 10.q1 ~.295 .58 191 12.q2 21.32 1q.aa 16.07 0 398 0 206.96 387 2.77 1973 Basic materials 367.25 19.89 2,7q5.36 ·7.69 GOVERNMENT OF GU JARAT 3BB FIND LEX INDUSTRIES Pune 3,217.07 13.65 3.091.32 12. 91 2.576.20 276 ·7.83 n.q2 13.38 lq,26 0 399 0 13q .~3 Q37 15.7q 1981 Plaslicproducls FIN OLEX GRO UP 390 BLUE DART EXPRESS Mumbai 3,193.6~ 13.25 3.17q.qo 13.qQ 89.76 ·37.97 1.172.29 20.8q 577.72 q6o 8.63 2.81 7.66 15.sq 0 qoo 0 698.36 190 19.q8 1991 Transporltogislics 3,qa3.9q FORE IGN [OHLI GR OUP ~30 COCHIN SHIPYARD Kochi 3,188.97 26.58 2.962.16 25. 78 q78.13 20.63 2.18 3.328.6q 227 2.25 1q.99 13.72 1q.36 0 qQ1 0 2n.ss 338 2.27 1972 Ship building GOVERNMENT OF INDIA 392 MANGALDRE CHEMICALS 6 FERTILIZERS Bengaluru 3.18~.38 11.87 3,073.6q 1q.31 32.88 ·%.72 2.229.89 19.67 q95.16 q66 3.7q 1.03 1m 6.6q 0 Q02 0 70.71 q82 3.67 1966 fen,agrochem 13.qa K.K. BIRL AG RO UP 395 SKF INDIA Mumbai 3,170.63 13.QS 3.o3q.s3 10.33 335.77 1,819.31 · 6.72 1,696.9q 3qQ ·7.6q 10.59 1s.q6 19.79 0 Q03 0 258.28 355 9.08 1961 Au1oant1llaries FOREIGN [SKFI GROUP ~57 NAVA BHARAT VENTURES Hyderabad 3.1 68.96 3Q.Q2 3,103.~6 32.19 357.55 50.22 a.oqs.85 3.59 3,809.98 210 12.57 11.28 q,qq 9.38 0 qoq 0 173.5q qo9 17.37 1972 Diversified NAVA BH ARAT GRO UP ·NCR 3,161.80 17.17 3,092.00 19. 22 169.20 18.57 1,897.50 27.37 U9o.qo ~OB MIHDA CDRPDRATIDH 385 61.7q 5.35 8.92 1~ . 21 5.70 lOS 11.76 509.20 2Q1 15.39 1985 Auloa ncillaries INDIAN [PRIVATE) 370 SUPREME PHROCHEM Mumbai 3.1~6.97 3.QS 3,193.81 5.52 q9.21 ·57.62 6q8.30 ·0.35 5q2.~3 qsq ·O.q9 1.56 7.59 7.66 9.65 100 0 39.66 Q93 o.q1 1989 Basicmater ials .qaa.67 TAPARIA GROUP 330 IFCI Delhi-IICR 3.13~ .~9 ·28.13 2.821.~6 · 3q.72 PL 22,910.57 ·17.33 5,356.67 165 ·9.oq ·15.59 ·2.13 NA qos 0 293.q1 325 ·0.61 1993 IIBFC GOV ERNM ENT OF INDIA q7.26 3,023.91 57.77 ~55 PVR Dellli·IICR 3,118.70 31.8~ 3,085.56 32.19 183.63 1.239.q9 377 15.26 5.89 6.07 1q.81 0 qos 0 337.26 302 32.7q 1995 Media INDIAN [PRIVATE] 11q.1q 7.35 q2q ~01 VENKY'S(INDIA) Pune 3,108.95 13.59 3.0~3.lq 13.29 ·12.80 1.162.10 881.q9 22.23 5.60 1q.9a 19.76 0 qQ7 lgq,qg 0 396 13.91 1976 Food,agriproduels VENKY'S GROUP ~12 SJVN llewShimta 3,107.15 17.56 2.661.97 19.19 1,366.56 11.59 lq,288.23 3.78 11.2~6 .2~ 98 5.10 q3.98 9.56 12.15 589.q7 2q · 25.00 316m 317 18.6Q 1988 Power GOVERN MENTOF INDIA 33B LAKSHMI VILAS BANK Karur 3,090.21 · 8.80 2.839.89 ·6.63 -a9q 10 LL 32,093.28 ·19.06 1,710.97 336 · 20.80 ·28.93 ·2.79 NA 0 qo8 0 qol.SG 271 2.Q3 1926 Banking INDIAN [PRIYAT£) 12.q9 q9.20 1.8q~ .36 16.69 1,7ql.8q ~00 BATA INDIA Kotkala 3,079.06 2,931.10 11.27 328.99 331 18.12 10.68 17.8~ 18.89 0 qo9 0 331.00 305 12.00 1931 l eather FO RE IGN [BAJA[ GROUP 3.on.q7 2.05a.q6 ·1.21 ~53 JAI BALAJIINOUSTRIES Kotkala 3,079.0~ 29.19 28.80 ·153.68 LL ·1,579.95 qs6 10.1q .q.99 ·7. ~7 NA 0 qlQ 0 81.81 q76 18.72 1999 lron&sleel INDIAN [P RI VATE) NEW DBEROI REALTY Mumbai 3,073.39 72.09 2.582.50 1oq.o9 816.93 78.06 9,788.67 23.88 8,029.17 127 31.79 26.58 8.35 10.17 0 qu 0 136.22 Q36 3.21 1998 Roaleslate I HOl AN [PRIVATE] 96.96 11.q9 2.153.83 7.60 1,6q6.51 ~~8 TRENT Mumbai 3,058.57 25.90 2.869.52 22.28 3q6 3.21 3.17 ~ .50 5.89 0 q12 0 286.81 329 2Q qq 1952 Rm illrade lATA GROUP 9.1q 1,288.81 11.12 39~ INFINITE COMPUTER SOLUTIONS INDIA Dethi·IICR 3,056.30 3,030.77 8.56 101.29 ·9.32 1.123.73 397 1U1 3.31 7.86 9.01 0 q13 0 2.630.50 56 9.89 1999 Info tech INDIAN ]PRIVATE ) ~33 Bengaturu 3.0~8.66 21.51 2,852.20 11.79 393.9q 13.53 869.10 · 6.~~ 77q.99 qq1 · 8.53 12.92 q5.33 50.83 377.00 29 252.07 q57.qa 251 l q.99 199q Textiles 6g arments INDIAN [PRIVATE) NEW lATA SIA AIRLINES Dethi-IICR 3,oq5.55 38.35 2,99q,38 ql.73 ·830.81 LL 1.902.19 ~0 0.89 l ,q55.91 360 1522.36 · 27.28 .q3.68 NA 0 q1q 0 395.Jq 27Q q3.38 2013 Airline services lATA GRO UP 97q,56 ~38 PSG HYGIENE AND HEALTH CARE' Mumbai 3,037.57 25.6q 2.9~ 6.50 20.01 ql9.13 11.89 1~ . 09 909.06 q21 12.86 13.80 q3.01 q6.11 0 Q15 0 132.38 Q38 1q.88 19sq FMCG FO REIG N [PSG ) GROUP 2,956.20 9.06 226.57 ·3.57 1,768.26 10.aq ~02 KAJARIA CERAMI CS Dethi·IICR 3.0 1Q.7q 10.08 1.51q.9o 3q9 16.57 7.53 12.81 1~. 39 0 ql6 0 gq5,q5 298 8.75 1985 Consumerdurables INDIAN [PRIVATE] ~11 ASAHIINOIA GLASS Dethi·NCR 2.998.36 12.9q 2.913.oq 1o.6q 190.18 7.22 2.877.85 12.68 1.215.69 380 13.03 6.3q 6.61 15.6q 0 Ql7 0 279.81 33Q q,q7 199q AulD ancillaues FORE IGN lAS AHI) GRO UP 325 JBF INDUSTRIES Sitvassa 2.997.00 · 15.38 2,958.27 · 15.51 ·758.09 LL 3.lq~ .67 ·1920 703.69 ~q a ·52.02 ·25.29 ·2q.n NA 0 q18 0 79.38 q78 · 17.97 1982 Texliles&garments INDIAN !PRIVATE) ~3~ SONATA SOFTWARE Mumbai 2.990.91 19.61 2.960.90 20.66 2~9.26 2sm 827.38 18.25 768.26 ~q2 17.60 8.33 30.13 32.qq q9.33 72 26.75 568.86 220 10.73 199Q lnfotech INDI AN [PRI VATE) 379 AKZD NOBEL INDIA Kotkala 2,975.70 1.37 2.918.qo 7.32 211.00 . q7.26 1.213.qo ·10.63 1.135.10 395 ·11.99 7.09 17.39 18.59 0 ql9 0 265.60 3Q6 ·5.21 195q FMCG q,oq FORE IGN IAKZO NOSH) GRO UP 385 (INDIA) Oethi·HCR 2,975.q2 3.29 2,98~ . ~5 5.03 63.36 682.51 87.91 378.22 q7o 20.08 2.13 9.28 16.75 0 Q20 0 83.87 q7q 15.29 1993 Consu merdurables INDIAN [PRIVATE) 372 RSWM Bhitwara 2,9ql.05 ·2.62 2,962.02 0.76 ·38.29 PL 2,306.57 ·8.18 78q.72 q39 ·12.88 ·1.30 ·1.66 NA 0 q21 0 350.69 295 ·3.79 1960 l exlites&garments JLN BH ILVIARA GROUP .q.oa ~~3 MEP INFRASTRUCTURE DEVELOPERS Mumbai 2.939.q6 20.12 2.a1q.91 21.23 56.28 ·20.70 3.397.9q 265.51 q76 3q3.77 1.91 1.66 21.20 0 q22 0 120.90 qq9 Ql.90 2002 Intrade velopment INDIAN [PR IVATE) 1q.38 2,85q.1q 3.q2 1,811.16 16.66 ~17 WABCO INDIA Chennai 2.938.99 10.91 282.17 1,779.97 328 16.65 9.60 15.58 15.85 0 q23 0 2q8.33 359 10.63 200Q Au laa ncillaries T.V.S.IYENGAR GROUP 2,853.q2 · 10.~1 386 FORBES 6 COMPANY Mumbai 2.935.02 2.02 1.10 6.96 LP 1.619.89 263.6q qn ·16.52 0.2q 0 .~3 2.6q 0 q2q 0 666.27 192 ·O.q9 1919 Diversified SHAPODRJI PALLDNJI GR OUP 19.q7 9.q3 ~~~ SANDFI INDIA Mumbai 2,918.50 2,768.30 12 . 5~ 380.60 16.75 2.268.30 2,219.20 296 9.51 13.oq 16.78 17.15 ql .50 73 qo6.80 269 10.39 1956 Orugs,pharma FOREI GN [HDECHS T) GROUP ~37 KDNKAN RAILWAY CORPORATION Mumbai 2,898.68 16.72 2.a25.qo 15.92 101.87 · 17.00 q,2aq.1s 12.66 2.068.10 309 12.91 3.51 2.38 q,93 0 q2s 0 q8Q.70 250 n q8 1990 Transporltogislics GOVERNMENT OF INDIA ~62 NARAYANA HRUDAYALAYA Bengaturu 2,877.16 2q.q6 2,860.92 2S.q3 59.17 15.23 2.166.98 3.6q 1.08l.lq qm q.38 2.06 2.73 5m 0 q26 0 62q.os 205 3q.01 2000 Hoallhcare INDIAN [PRIVATE ] 2,87q,10 aq.9a q2.25 · 1.39 NEW FILATEX INDIA Oadra &Nagar Hawll 2.a1q.7o Q7.26 Q9.10 1.115.7~ q72.08 qs8 22.50 2.96 7.62 18.00 0 q27 0 63.2Q q8q 29.72 1990 Textiles&ga rments INDIAN !PRIVATE) NEW SHIRPUR GOLD REFINERY' Ohute 2,872.21 173.10 2.86q.8o 175.98 21.32 q8.78 938.92 27.15 360.q1 Q73 7.01 0.7q 2.27 5.92 0 Q28 3.70 500 ·ll.q8 199q Melats&mining INDIAN [PRIVATE)

LP Is o company that turned (rom toss-mokmg ro pro(Uobfe m the post one year; PL means o company ·lBB Definitions, explanations. and notes on pagell declared profit lost year but Is now toss-making: ll means o company reported losses in both the years FORTUNE I NOlA 500 //15 DE C. 2019·1q MARCH 2020 F OR TUNE I NDIA 50 0 // 15 DEC . 20 1 9 · 1q MA RC H 2020