London, July 08: Eleven Indian companies led by ONGC and Reliance have found a place in the top 200 emerging market companies in a list published by a leading business weekly. ONGC leads the Indian companies occupying the 13th position in the list and Reliance industries ranks 31st in the list compiled by the latest issue of business week.

ONGC with a market value of 14.5 billion USD has improved its ranking from 25th last year to 13th this year. Reliance with a market value of 8.9 billion USD has improved its ranking from 53rd last year to 31st this year.

The emerging markets list ranks companies by market value as on May 30 this year, translated into US dollars at May month end exchange rates.
China mobile with a market value of 44.9 billion USD leads the list, and is followed by Samsung Electronics (market value of 44.2 billion USD) and Petrochina at 3rd place (market value of 43.5 billion USD).

Besides ONGC and Reliance, other Indian companies featuring in the list include Hindustan Lever (37), Indian Oil (52), Wipro (78), State Bank of India (79), Infosys (85), ITC (89), Ranbaxy (134), HPCL (169) AND HDFC (195).

The other Indian companies, apart from ONGC and Reliance, which improved their ranks this year as compared to last year are: Indian Oil (from 101 to 52), State Bank of India (from 141 to 79), ITC (from 105 to 89), Ranbaxy (from 186 to 134), HPCL (from 189 to 169) and HDFC (entered at 195 this year).
Taiwan with 27 companies leads the list with maximum number of entries from a single country.

Bureau Report