A dozen Indian American-led companies in Forbes’ 15th annual Global 2000 list

The Forbes  list includes an annual ranking of the top 2,000 public companies in the world.

About a dozen of Indian American-led companies made it to the Forbes 15th annual Global 2000 list for 2017, which includes top 2,000 public companies in the world.

Released last Wednesday, the comprehensive ranking of the world’s leading publicly listed companies is based on a mix of four metrics — sales, profits, assets, and market value.

Forbes gives an equal weighting of all four metrics to rank companies according to size.

Forbes’ 2017 Global 2000 list faces much pressure amid unsteady geopolitical climates and slowing economies. Yet, in aggregate, these 2,000 companies have managed to come out stronger than last year, with increased sales, profits, assets and market values,” Halah Touryalai, deputy editor, Investing, Forbes Media, said in an official statement.

Microsoft, led by Indian American CEO Satya Nadella, is the top-ranked Indian American-led company, coming in at number 19 on the list with a market cap of $507.5 billion.

PepsiCo, led by CEO Indra Nooyi, came in at number 84 on the list, with a market cap of $159.4 billion. Others on the list include Mastercard, led by Ajay Banga, ranking number 379 with a market cap of $121.3 billion; Sanjay Mehrotra’s Micron Technology, which is ranked 482, having a market cap of $31.6 billion; Cognizant Technology, led by Francisco D’Souza, which ranks number 537 with a market capital of $35.6 billion; Shantanu Narayen’s Adobe Systems, which comes in at number 701 with a market capital of  $64.4 billion; and Sandeep Lakhmi Mathrani-led General Growth Properties, having a market cap of $20.4 billion (818).

The rear part of the list includes NetApp, led by Indian American CEO George Kurian, ranked number 1,615 (market cap of $11.1 billion); Aneel Bhusri-led, Pleasanton (#1881);  Steve Sanghi-led Chandler’s Microchip Technology (#1,904); and, Rajinder P Singh’s 1,988th ranked company BankUnited.

Overall, India is home to 58 home companies on this year’s list.

The highest-ranked Indian company is Mukesh Ambani’s Reliance Industries Ltd, ranked 106 (number 121 last year). It has a market capitalization of $71.2 billion.

Reliance is followed by the State Bank of India, the country’s largest lender, which is ranked 244 this year (number 149 last year. Oil explorer ONGC is ranked 246 (220 last year).

Four other Indian private banks also made it to the coveted list – HDFC Bank (number 258), ICICI Bank (number 310), Axis Bank (No. 463) and Kotak Mahindra Bank (number 744), securing their positions in the top 20 Indian companies.

Tata Motors, the automobile branch of the salt-to-software Tata Group, has retained its position of sixth among Indian companies but fell in terms of ranking to number 290. Last year it was ranked at 278.

At a global level, companies based in the US and China, owned up to 40 percent of the list, continuing to dominate the list of the top 10.

Two Chinese banks remained in top 10 including the Agricultural Bank of China and The Bank of China. Berkshire Hathaway, the largest company in the United States, edges up one spot to number 3 on this year’s list.

Notable gainers of this year include General Electric, which raised its position to number 14 against number 68 in 2016. While e-commerce prime Amazon has also jumped to number 83 this year from 237th position in 2016.

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