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Reliance is India's largest company

Source: PTI
March 10, 2015 20:48 IST
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According to the data compiled by the corporate affairs ministry, Reliance Industries and HDFC were the only two firms from the private sector

Reliance Industries Ltd is the country's largest corporate with assets worth Rs 3.68 lakh crore, followed by state-owned Indian Oil Corp and mortgage lender HDFC.

In the list of top 10 corporates in terms of assets, RIL and HDFC (Housing Development Finance Corp) were the only two firms from the private sector, data compiled by the Corporate Affairs Ministry showed.

At the end of March 2014, RIL's assets stood at Rs 3.68 lakh crore, while that of Indian Oil Corp and HDFC was at Rs 2.52 lakh crore and Rs 2.25 lakh crore, respectively.

This information was given by Corporate Affairs Minister Arun Jaitley in a written reply to the Rajya Sabha.

Other entities in the top ten are Power Finance Corp (4th), NTPC (5), Rural Electrification Corp (6), Power Grid Corp (7), LIC Housing Finance (8), Steel Authority of India (9) and Bharat Sanchar Nigam Ltd (10).

Power Finance Corp's assets stood at Rs 1.94 lakh crore, NTPC (Rs 1.80 lakh crore), Rural Electrification Corp (Rs 1.53 lakh crore), Power Grid Corp (1.40 lakh crore), LIC Housing Finance (Rs 95,777 crore), Steel Authority of India (Rs 91,962 crore) and Bharat Sanchar Nigam Ltd (Rs 89,333 crore).

The list is based on data from 4,15,886 companies which had filed their balance sheets for the year 2013-14 till November 30, 2014.

"The total reported value of the assets of all the 415,886 companies was Rs 117.08 lakh crore and the share of top ten companies in the total value of assets was 15.3 per cent on March 31, 2014," Jaitley said.

Image: Mukesh Ambani (C top), chairman of Reliance Industries Limited, poses for a picture with students from Pandit Deendayal Petroleum University (PDPU), a school of petroleum management, during a convocation ceremony at Gandhinagar in Gujarat.
Photograph: Amit Dave/Reuters

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