Mukesh Ambani’s Reliance Industries has topped the Fortune India-500 list for the second straight year, accounting for 7% of cumulative revenues and 11% profit of the companies featured.
In the previous year, the firm outpaced Indian Oil Corporation (IOC) to make it to the top slot for the first time. The Fortune India 500 list is based on revenue and the figures this year about the fiscal year 2019 to 2020. In the list, 38 companies have been reported to clock revenues of more than Rs. 50,000 crore each that together account for nearly 60 percent of the total revenues this year, Fortune India said. And 39 companies report revenues of less than Rs. 3000 crore.
The manufacturing sector including 303 companies, accounted for 62 percent of the total revenue, and 76 percent of the total profit. The services sector, with 145 companies, contributed 33 percent of the total revenue and 19 percent of the total profit.
The largest companies continued to account for the bulk of the cumulative revenues of the 500 companies. The list showed 38 companies clocking revenues of over Rs 50,000 crore each, together accounting for nearly 60 percent of the total revenues this year, Fortune India said.
On the other hand, as many as 139 companies reported revenues of under Rs 3,000 crore each.
The manufacturing sector, with 303 companies, accounted for 62% of the total revenue, and 76% of the total profit. The services sector, with 145 companies, contributed 33% of the total revenue and 19% of the total profit.