The $5.56 billion Ambani flagship Reliance Industries has become the first Indian private sector company to enter the Forbes International 500 companies' list.
The term "international" denotes the biggest foreign companies having at least $5.2 billion revenue incorporated outside the US.
Apart from the above condition, the firms should also be publicly traded as of May 31, 2001, for getting qualified for the Forbes International 500 Companies list.
The Forbes international companies list could be ranked according to country, industry, revenue or enterprise value. The combined turnover of the companies on the list amounts to $ 9.2 trillion.
The other three Indian companies to make it to the Forbes list are all from the puiblic sector -- Indian Oil Corporation, Bharat Petroleum Corporation and State Bank of India.
The details of the survey will be published in the forthcoming issue of ====Forbes, the leading international business magazine, a Reliance press release said.
The Forbes International list is dominated by 163 companies from Japan followed by the UK with 67 companies. The Asia-Pacific region (excluding Japan) accounts for 46 companies.
RIL recorded a 19.52 per cent ($909 million) growth during the last year to $5.56 billion from $4.66 billion. This was the highest growth in revenue terms among the four Indian companies on the list.
RIL is te country's largest private sector company in terms of profits. It posted total sales worth Rs 28,008 crore and recorded a net profit of Rs 2,646 crore.
