India’s top 10 companies based on sales in 2007

India Inc is on an incredible growth track. India’s 1000 companies have recorded an all-time high net sales of Rs 12 trillion (Rs 12,09,370 crore) and Rs 1 trillion-plus (Rs 107,830 crore) net profit during the year, according to the Business Standard rankings.

Indian Oil Corporation with net sales of Rs 201,493.85 crore (Rs Rs 2014.94 billion) is India’s biggest company.

Reliance Industries, the largest private sector company, rank at No 2 with net sales of Rs 111,264.23 crore (Rs 111,264 billion) in 2007. Reliance remained the biggest corporate in terms of total assets. Oil companies have emerged the toppers in terms of sales turnover.

Check out India’s top 10 companies by sales.

1. Indian Oil Corporation

Sales in 2007: Rs 201493.85 crore

Indian Oil Corporation Ltd. is currently India’s largest company by sales with a turnover of Rs 201493.85 crore (Rs 2014.93 billion) , the highest-ever for an Indian company. Headed by Sarthak Behuria, IOC is also ranked in Fortune ‘Global 500’ listing. It is also the 20th largest petroleum company in the world.


Established in 1959 as Indian Oil Company Ltd, Indian Oil Corporation Ltd was formed in 1964 with the merger of Indian Refineries Ltd (estd. 1958). IndianOil and its subsidiaries account for 47 per cent petroleum products market share, 40.4 per cent refining capacity and 67 per cent downstream sector pipelines capacity in India.

For the year 2006-07, IOC sold 57.97 million tonnes of petroleum products, including 1.63 million tonnes of natural gas and exported 3.13 million tonnes.

The Indian Oil Group of companies owns and operates 10 of India’s 19 refineries. These include two refineries of subsidiary Chennai Petroleum Corporation Ltd and one of Bongaigaon Refinery and Petrochemicals Limited.

IOC’s maxim is ‘Bringing Energy to Life’.

2. Reliance Industries

Sales in 2007: Rs 111,264.23 crore

“Between my past, the present and the future, there is one common factor: Relationship and Trust. This is the foundation of our growth.” These are the words of the founder of Reliance, Dhirubhai Ambani.


Reliance Industries, is the largest private sector company in India. With a net sales of Rs 111,264.23 crore (Rs 1112.64 billlion) in 2007, it is the second biggest company in India. The Reliance Group, founded by Dhirubhai H. Ambani (1932-2002), is today headed by Mukesh Ambani.

A Fortune Global 500 company , the group’s activities include exploration and production of oil and gas, petroleum refining and marketing, petrochemicals (polyester, fibre intermediates, plastics and chemicals), textiles and retail.

Reliance is the largest polyester yarn and fibre producer in the world and among the top five to ten producers in the world in major petrochemical products.

Major companies are Reliance Industries Limited (including main subsidiaries Reliance Petroleum Limited and Reliance Retail Limited) and Reliance Industrial Infrastructure Limited.

Reliance’s maxim is ‘Growth is life’.

3. Bharat Petroleum Corporation

Sales in 2007: Rs 97189.37 cr

BPCL is India’s third largest company with a sales turnover of Rs 97189.37 crore (Rs 971.89 billion). Listed in the Fortune 500 & Forbes 2000 listings, BPCL calls itself a ‘MNC in PSU garb’. Ashok Sinha is the chief managing director of the fast track company.


Way back in 1976, the Burmah Shell Group of Companies was taken over by the government of India to form Bharat Refineries Limited. On 1st August 1977, it was renamed Bharat Petroleum Corporation Limited. It was also the first refinery to process newly found indigenous crude (Bombay High), in India.

After nationalisation in 1976, Bharat Petroleum charted out a rapid growth path. Turnover, profitability and financial reserves have grown significantly over the years. Bharat Petroleum produces a range of products, from petrochemicals and solvents to aircraft fuel and speciality lubricants, besides supplying fuel directly to hundreds of industries, and several international and domestic airlines.

4. Hindustan Petroleum Corporation

Sales in 2007: Rs 93912.34 cr

Hindustan Petroleum Corporation of India Ltd is a Fortune 500 company, with an annual sales turnover of over Rs 93912.34 crore (Rs 939.12 billion) with 16 per cent refining and marketing share in India and a strong market infrastructure.


The corporation operates 2 major refineries producing a wide variety of petroleum fuels and specialties, in Mumbai and Vishakapatnam. HPCL holds an equity stake of 16.95 per cent in Mangalore Refinery & Petrochemicals. In addition, HPCL is planning to set up a refinery in Punjab.

HPCL also owns and operates the largest lube refinery in India. HPCL’s refining capacity has increased from 5.5 million tonnes in 1984/85 to 13.70 million metric tonnes (MMT) now. On the financial front, the turnover grew from Rs 2,687 crore (Rs 26.87 billion) in 1984-85 to an impressive Rs 91,448 crore (Rs 914.48 billion) in 2006-07.

The history of HPCL dates back to 1952. The company was incorporated in the name of Standard Vacuum Refining Company of India Limited on July 5, 1952. On 31st March 1962, the name was changed to ESSO Standard Refining Company of India Limited.

In 1974, Hindustan Petroleum Corporation Limited came into being after the takeover and merger of erstwhile Esso and Lube India Undertaking, Caltex Oil Refining Ltd and Kosan Gas Company. HPCL is thus a result of the merger of four organisations.

HPCL’s maxim is ‘Future full of Energy’.

5. Oil and Natural Gas Corporation

Sales in 2007: Rs 75529.12 crore

With a turnover of Rs 75529.12 crore (Rs 755.29 billion) in 2007, ONGC is the fifth largest company in India. It is also has the distinction of being highest profit making corporation in India.


R S Sharma is the chief managing director of Oil and Natural Gas Corporation Limited.

ONGC is a Fortune Global 500 company which contributes 77 per cent of India’s crude oil production and 81 per cent of India’s natural gas production.

It was set up as a commission on August 14, 1956. Indian government holds 74.14 per cent equity stake in this company.

ONGC is engaged in exploration and production activities. It is involved in exploring for and exploiting hydrocarbons in 26 sedimentary basins of India. It produces about 30 per cent of India’s crude oil requirement. It owns and operates more than 11,000 kilometers of pipelines in India.

The company was incorporated on June 23, 1993 is an Indian public sector petroleum company.

ONGC’s maxim is ‘Making tomorrow brighter’.

6. Steel Authority of India Limited

Sales in 2007: Rs 34390.93 crore

SAIL is the sixth largest company in India with a turnover of Rs 34390.93 crore (Rs 343.90 billion). Steel Authority of India Limited (SAIL) is the leading steel-making company in India. It is a fully integrated iron and steel maker, producing both basic and special steels for domestic construction, engineering, power, railway, automotive and defence industries and for sale in export markets.


Headed by S K Roongta, SAIL is ranked amongst the top ten public sector companies in India in terms of turnover. SAIL manufactures and sells a broad range of steel products, The government of India owns about 86 per cent of SAIL’s equity and retains voting control of the Company.

However, SAIL, by virtue of its ‘Navratna’ status, enjoys significant operational and financial autonomy. SAIL produces iron and steel at five integrated plants and three special steel plants, located principally in the eastern and central regions of India and situated close to domestic sources of raw materials, including the company’s iron ore, limestone and dolomite mines.

The company has the distinction of being India’s largest producer of iron ore and of having the country’s second largest mines network. This gives SAIL a competitive edge in terms of captive availability of iron ore, limestone, and dolomite which are inputs for steel making.


Sales in 2007: Rs 33875.70 crore

With a sales turnover of Rs 33875.70 crore (Rs 338.75 billion), NTPC is the 7 the company in India. NTPC Ltd is the largest power generating company in India.


A public sector company, it was incorporated in 1975 to accelerate power development in the country as a wholly owned company of the government of India. At present, the government of India holds 89.5 per cent of the total equity shares of the company and the balance 10.5 per cent is held by FIIs, Domestic Banks, Public and others.

In a span of 32 years, NTPC has emerged as a truly national power company, with power generating facilities in all the major regions of the country.

NTPC was incorporated in 1975. In the last 31 years, it has grown into the largest power utility of India. NTPC is the sixth largest thermal power generator in the world.

NTPC’s maxim is ‘Powering people’s progress’.

8. Tata Motors

Sales in 2007: Rs 31,999.47 crore

Tata Motors is the 8th largest company in India with a turnover of Rs 31,999.47 crore (Rs 319.99 billion).

Tata Motors recently created history in India Inc history acquiring luxury auto brands — Jaguar and Land Rover — from Ford Motor for $2.3 billion dollars.The company is also the world’s fifth largest medium and heavy commercial vehicle manufacturer, and the world’s second largest medium and heavy bus manufacturer.

Tata Motors

Tata Motors has gained world wide recognition under the leadership of its managing director Ravi Kant. Established in 1945, Tata Motors today has 4 million vehicles on Indian roads, since the first rolled out in 1954.

The company’s manufacturing base is spread across India – Jamshedpur (Jharkhand) in the east, Pune (Maharashtra) in the west, and in the north in Lucknow (Uttar Pradesh) and Pantnagar (Uttarakhand). A new plant is being set up in Singur near Kolkata in West Bengal to manufacture the world’s cheapest car, the Rs 1 lakh Nano.

Tata Motors, is the first company from India’s engineering sector to be listed in the New York Stock Exchange. In 2004, it acquired the Daewoo Commercial Vehicles Company, Korea’s second largest truck maker. Tata Motors and Fiat Auto formed an industrial joint venture at Ranjangaon (near Pune in Maharashtra, India) to produce both Fiat and Tata cars and Fiat powertrains for the Indian and overseas markets.

9. Tata Steel

Sales in 2007: Rs 25117.78 crore

Tata Steel is the ninth largest company in India with a sales turnover of Rs Rs 25117.78 crore. Established in 1907, Tata Steel is the world’s 6th largest steel company with an existing annual crude steel capacity of 28 million tonnes.

Tata Steel

It has operations in 24 countries and commercial presence in over 50 countries. Ratan Tata is the chairman of Tata Steel and B Muthuraman is its managing director.

Founded by Jamsetji Nusserwanji Tata, Tata Steel completed 100 glorious years of existence on August 26, 2007. The first private sector steel plant which started with a production capacity of 1,00,000 tonnes has today transformed into a global giant.

The company also has three greenfield steel projects in the states of Jharkhand, Orissa and Chhattisgarh and proposed steel making facilities in Vietnam and Bangladesh. Through investments in Corus, Millennium Steel (renamed Tata Stee Thailand) and NatSteel Asia, Singapore, the Tata Steel has created a manufacturing and marketing network in Europe, South East Asia and the Pacific-rim countries.

Tata Steel’s vision is to be the global steel industry benchmark for value Creation and corporate citizenship. Tata Steel is one of the few steel companies in the world that is Economic Value Added (EVA) positive. It was ranked the ‘World’s Best Steel Maker’, for the third time by World Steel Dynamics in its annual listing in February, 2006. Tata Steel has been conferred the Prime Minister of India’s Trophy for the ‘Best Integrated Steel Plant’ five times.

10. Sterilite Industries

Sales in 2007: Rs 24,376.83 crore

Sterlite Industries, a part of Vedanta Resources, a London-listed metals and mining major, is India’s tenth largest company in terms of sales. Sterilite Industries had a sales turnover of Rs 24,376.83 crore (Rs 243.76 billion) in 2007 .


Anil Agarwal is the executive chairman of Sterlite. Sterlite Industries (India) Limited was acquired in 1986, bringing together several metal related activities managed by the Agarwal family. Sterlite was listed on the Bombay Stock Exchange in 1988 and on the National Stock Exchange in 2004.

Vedanta was listed on the London Stock Exchange in 2003. Vedanta has two copper businesses, the first based in India and the second at Konkola Copper Mines in Zambia, which was acquired in November 2004. The copper business in India is held within Sterlite Industries (India) Ltd.

There is some captive copper mining, but the business is principally in smelting and refining. Sterilte has plants in Tuticorin in Tamil Nadu and Silvassa. Sterlite owns two copper mines in Australia. In 2005-06, Sterlite had a domestic market share of some 43% of copper sales.

Courtesy :- Rediff



  1. India Indeed has reached new height in the market of engineering..

  2. 2
    battakiran Says:

    Engineering companies are fast moving towards top, but still oil companies are dominating.

  3. 3
    indiainsights Says:

    Interesting question – which one will be the first global Indian brand and do for India what Samsung has done for South Korea and Lenovo for China?

  4. 4
    I. KAILASH RAO Says:


  5. 5
    MEGALA.P Says:


  6. 6
    tawhid1982 Says:

    Not bad for India

    Although one must consider that most companies are oil,gas, steel, iron, power, or such companies. Only one automotive company out of ten means there is a lot of room for improvement.

    Tiny countries like Korea with 45 million people with nothing as much in terms of resources as India actually outperforms India. So does Turkey, so does the Gulf Cooperation Council and Russia. I won’t even compare India to Japan or USA/ UK/and other larger western powers.

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    lawkush jaiswal Says:

    best of luck

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