The latest Fortune 500 India 2022 list has supposedly surprising set of companies that are often not part of the conventional wisdom of efficiency, good corporate governance and a strikingly high return on capital.
These are state government run enterprises. There are six of them there. Of these five are companies promoted by the Government of Gujarat (GoG) and one from Tamil Nadu.
The list is otherwise dominated by private sector entities. There are also 56 companies owned by the government of India. The companies in the Fortune 500 list are ranked by total income (revenue) based on the full