India's biggest companies are public sector undertakings (PSUs) in the oil & gas sector.
Despite the hue and cry over subsidy burden, Oil PSUs have emerged as the biggest enterprises in India in terms of revenues, profits and net assets in FY11.
Here's a list of India's 30 biggest companies according to The Economic Times survey of India's top 500 companies.
1. Indian Oil Corporation
It is India's largest commercial enterprise, ranked 98th on the Fortune Global 500 list for 2011.
Turnover: Rs 3,13,627.88 crore (Rs 3.13 trillion)
Profit: Rs 7,830.72 crore (Rs 78.30 biillion)
Assets: Rs 1,17,405.85 crore (Rs 1.17 trillion)
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India's 30 biggest companies
2. Reliance Industries
Reliance Industries is ranked 13th in the Platts Top 250 Global Energy Company Rankings.
RIL is the largest publicly traded company in India by market capitalisation.
Turnover: Rs 2,68,354 crore (Rs 2.68 trillion)
Profit: Rs 20,211 crore(Rs 202.11 billion)
Assets: Rs 2,39,002 crore (Rs 2.39 trillion)
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India's 30 biggest companies
3. Bharat Petroleum Corporation
Bharat Petroleum Corporation is ranked 272 in the Fortune Global 500 list.
Turnover: Rs 1,55,370.19 crore (Rs 1.55 trillion)
Profit: Rs 1,634.96 crore (Rs 16.34 billion)
Assets: Rs 4,15,33.77 crore (Rs 415.33 billion)
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India's 30 biggest companies
4. State Bank of India
The State Bank of India (SBI) is the largest Indian banking and financial services company by turnover and total assets.
Turnover: Rs 1,47,843.92 crore (Rs 1.47 trillion)
Profit: Rs 10,684.95 crore (Rs 106.84 billion)
Assets: 14,84,481.66 crore (Rs 14.84 trillion)
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India's 30 biggest companies
5. Hindustan Petroleum Corporation
A Fortune 500 company, HPCL operates 2 major refineries and holds equity stake of 16.95 per cent in Mangalore Refinery & Petrochemicals.
Turnover: Rs 1,40,000.31 (Rs 1.4 trillion)
Profit: Rs 1,703.60 (Rs 17.03 billion)
Assets: Rs 44,407.18 (Rs 444.07 billion)
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India's 30 biggest companies
6. Oil and Natural Gas Corporation
Oil and Natural Gas Corporation is one of the largest Asia-based oil and gas exploration and production companies and produces around 77 per cent of India's total crude oil production.
Turnover: Rs 1,24,556.42 crore (Rs 1.24 trillion)
Profit: Rs 22,455.93 (Rs 224.55 billion)
Assets: 1,43,470.73 (Rs 1.43 trillion)
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India's 30 biggest companies
7. Tata Motors
Tata Motors is South Asia's largest automobile company. It is a leader in commercial vehicles and among the top three in passenger vehicles.
Turnover: Rs 1,23,222.91 crore (Rs 1.23 trillion)
Profit: Rs 9,273.62 (Rs 92.73 billion)
Assets: Rs 52,209.48 (Rs 522.09 billion)
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India's 30 biggest companies
8. Tata Steel
Tata Steel is India's second largest and second-most profitable private-sector company.
Turnover: Rs 1,19,734.10 (Rs 1.19 trillion)
Profit: Rs 8,982.69 (Rs 89.82 billion)
Assets: Rs 9,71,54.61(Rs 971.54 billion)
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India's 30 biggest companies
9. Hindalco Industries
Hindalco Industries is one of the world's largest Aluminium manufacturing companies and is a subsidiary of the Aditya Birla Group.
Turnover: Rs 72,508.72 crore (Rs 725.08 billion)
Profit: Rs 2,456.37 crore (Rs 24.56 billion)
Assets: Rs 58,932.64 crore (Rs 589.32 billion)
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India's 30 biggest companies
10. ICICI Bank
ICICI Bank is India's second largest financial services company.
Turnover: Rs 61,594.70 crore (Rs 615.94 billion)
Profit: Rs 6,093.27 crore (Rs 60.93 billion)
Assets: Rs 5,06,087.63 crore (Rs 5.06 trillion)
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India's 30 biggest companies
11. NTPC
NTPC is the largest Indian state-owned energy service provider based in New Delhi. It was ranked at 341 in the Forbes Global list.
Turnover: Rs 60,008.18 crore (Rs 600.08 billion)
Profit: Rs 9,353.40 crore (Rs 93.53 billion)
Assets: Rs 1,19,683.40 crore (Rs 1.19 trillion)
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India's 30 biggest companies
Photographs: Reuters.
12. Bharti Airtel
Bharti Airtel is the fifth largest telecom operator in the world with about 230.8 million subscribers across 19 countries.
Turnover: Rs 59,601.80 crore (Rs 596.01 billion)
Profit: Rs 6,046.70 crore (Rs 60.46 billion)
Assets: Rs 1,00,785.20 crore (Rs 1 trillion)
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India's 30 biggest companies
13. Coal India
Coal India is one of the world's largest coal miners. In April 2011, CIL was conferred the Maharatna status.
Turnover: Rs 55,148.31 crore (Rs 551.48 billion)
Profit: Rs 10,867.35 crore (Rs 108.67 billion)
Assets: Rs 34,903.38 crore (Rs 349.03 billion)
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India's 30 biggest companies
14. Larsen & Toubro
L& T is a technology, engineering, manufacturing and financial services company. It is one of India's largest engineering and construction companies.
Turnover: Rs 53,008.27 crore (Rs 530.08 billion)
Profit: Rs 4,456.17 crore (Rs 44.56 billion)
Assets: Rs 63,416.74 crore (Rs 634.16 billion)
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India's 30 biggest companies
15. Essar Oil
An integrated oil and gas company, it is a part of the Essar group based in Mumbai. With a major refinery in Gujarat, Essar Oil is second largest non-state refiner in India.
Turnover: Rs 48,165 crore (Rs 481.65 billion)
Profit: Rs 2,155.17 crore (Rs 21.55 billion)
Assets: Rs 21,084.83 crore( Rs 210.84 billion)
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India's 30 biggest companies
16. Steel Authority of India (SAIL)
It is one of the largest state-owned steel makers in India and among the top steel makers in world.
Turnover: Rs 43,434.62 crore (Rs 434.34 billion)
Profit: Rs 6,053.36 crore (Rs 60.53 billion)
Assets: Rs 20,425.25 (Rs 204.25 billion)
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India's 30 biggest companies
17. Bharat Heavy Electricals
Bharat Heavy Electricals is one of the oldest and largest state-owned engineering and manufacturing enterprise in India.
Turnover: Rs 43,556.87 crore (Rs 435.56 billion)
Profit: Rs 4,937.73 crore (Rs 49.37 billion)
Assets: Rs 58,877.53 crore (Rs 588.77 billion)
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India's 30 biggest companies
19. Mangalore Refinery and Petrochemicals
Mangalore Refinery and Petrochemicals is an oil refinery at Mangalore. Set up in 1998, it is a subsidiary of ONGC.
Turnover: Rs 39,192.30 crore (Rs 391.92 billion)
Profit: Rs 1,176.63 crore (Rs 11.76 billion)
Assets: Rs 8,085.87 crore (Rs 80.85 billion)
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India's 30 biggest companies
19. Maruti Suzuki
Maruti Suzuki was the first company in India to mass-produce and sell more than a million cars.
Turnover: Rs 38,140.69 crore (Rs 381.40 billion)
Profit: Rs 2,382.37 crore (Rs 23.82 billion)
Assets: Rs 14,762.90 crore (Rs 147.62 billion)
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India's 30 biggest companies
20. Tata Consultancy Services
TCS is the second-largest India-based provider of business process outsourcing services.
Turnover: Rs 37,928.51 crore (Rs 379.28 billion)
Profit: Rs 9,068.04 crore (Rs 90.68 billion)
Assets: Rs 25,037.81 crore (Rs 250.37 billion)
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India's 30 biggest companies
21. Mahindra & Mahindra
M&M is the leader in the utility vehicle segment and has a growing global market presence in both the automotive and tractor businesses.
Turnover: Rs 37,026.37 crore (Rs 370.26 billion)
Profit: Rs 3,079.73 crore (Rs 30.79 billion)
Assets: Rs 36,926.19 crore (Rs 369.26 billion)
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India's 30 biggest companies
22. GAIL (India)
Gas transmission and marketing company set up by the government in August 1984 to boost the gas sector infrastructure.
Turnover: Rs 35,664.08 crore (Rs 356.64 billion)
Profit: Rs 4,020.97 crore (Rs 40.20 billion)
Assets: Rs 28,665.16 crore (Rs 286.65 billion)
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India's 30 biggest companies
23. Chennai Petroleum Corporation
The refinery has a capacity of 9.5 mmtpa, which is one of the most complex refineries in India with fuel, lube, wax and petrochemical stocks production facilities.
Turnover: Rs 33,223.82 crore (Rs 332.23 billion)
Profit: Rs 511.52 crore (Rs 5.11 billion)
Assets: Rs 7,988.46 crore (Rs 79.88 billion)
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India's 30 biggest companies
24. Sterlite Industries (India)
Sterlite Industries India Ltd. (SLT) is a subsidiary of Vedanta Resources plc, a diversified and integrated metals and mining group.
Turnover: Rs 32,900.85 crore (Rs 329 billion)
Profit: Rs 5,042.52 crore (Rs 50.42 billion)
Assets: Rs 63,455.47 crore (Rs 634.55 billion)
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India's 30 biggest companies
25. Wipro
Wipro is the second largest IT services company by turnover in India and employs more than 120,000 people worldwide.
Turnover: Rs 31,763.90 crore (Rs 317.63 billion)
Profit: Rs 5,297.70 crore (Rs 52.97 billion)
Assets: Rs 27,837 crore (Rs 278.37 billion)
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India's 30 biggest companies
26. Punjab National Bank
Founded in 1894, it is currently the second largest state-owned commercial bank in India.
Turnover: Rs 31,206.60 (Rs 312.06 billion)
Profit: Rs 4,574.73 (Rs 45.74 billion)
Assets: Rs 3,73,786.38 (Rs 3.73 trillion)
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India's 30 biggest companies
27. Infosys
Infosys is the second largest IT exporter in India with 133,560 employees as of March 2011.
Turnover: Rs 28,712 crore (Rs 287.12 billion)
Profit: Rs 6,823 crore (Rs 68.23 billion)
Assets: Rs 25,976 crore (Rs 259.76 billion)
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India's 30 biggest companies
28. Bank of Baroda
Bank of Baroda is the third largest bank in India and is ranked at 763 in Forbes Global 2000 list.
Turnover: Rs 25,800.41 crore (Rs 258 billion)
Profit: Rs 4,433.71 crore (Rs 44.33 billion)
Assets: Rs 3,55,826.85 crore (Rs 3.55 trillion)
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India's 30 biggest companies
29. HDFC
HDFC is one of India's leading housing finance company providing range of loans.
Turnover: Rs 25,792.63 crore (Rs 257.92 billion)
Profit: Rs 4,528.41 crore (Rs 45.28 billion)
Assets: Rs 1,66,123.25 crore (Rs 1.66 trillion)
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India's 30 biggest companies
30. Canara Bank
Canara Bank is a state-owned financial services company. The government nationalised Canara Bank, along with 13 other major commercial banks of India in July 1969.
Turnover: Rs 25,792.60 crore (Rs 257.92 billion)
Profit: Rs 4,034.19 crore (Rs 40.34 billion)
Assets: Rs 3,28,640.24 crore (Rs 3.28 trillion)
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