Forbes has unveiled its list of 2000 corporate giants across the world. And Indian oil giant, Oil and Natural Gas Corporation (ONGC) leads the Indian companies in the list. Though, it is stands at number 239 in the overall ranking.

The ranking is based on sales, profits, assets and stock market value. There are five oil and gas companies, four software giants, three each dealing in materials and capital goods, two utilities, and one food, consumer durable and telecommunications major. ONGC leads the pack of 34 Indian companies, majority of them from the banking sector. It is followed by Reliance Industries (258), State Bank of India (326) and Indian Oil (399).

From among the Indian software companies, Tata Consultancy ranked 1,047 tops Indian software and service outfits. Infosys Technologies (1,130), Wipro (1,233) and Satyam Computer Services (1,874) follow TCS. Bharti Airtel finds itself at 1,149, but stands alone among Indian telecom sector.

Citigroup has been ranked number 1 in Forbes 2000.

The 2007 rankings clearly indicate the role that globalization plays. Globalization is the crucial element for business to prosper. It is there to stay.

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