Billionaire Mukesh Ambani’s Reliance Industries has retained its position as the highest-ranked Indian company on the 2025 Fortune Global 500 list, according to the latest rankings released by the publication.
The oil-to-telecom-and-retail conglomerate has been ranked at No.88 on the latest list, down from 86th position in 2024.
However, the company has gained a whopping 67 places in the last four years, from No.155 in 2021.
US retail giant Walmart continues to be the top-ranked company in the world, followed by Amazon.
The top 10 has three Chinese companies – state-owned electric utility State Grid at No.3, China National Petrol at No.5 and oil and gas giant Sinopec Group at No.6.
World’s largest oil exporter Saudi Aramco is ranked at No.4 and Apple at No.8.
India has 9 companies in the Fortune’s Global 500 list this year – 5 of them from the public sector and 4 from the private sector.
Life Insurance Corporation of India (LIC) is ranked at No.95, unchanged from last year.
