India’s second-largest private-sector bank by market value, and housing finance major Housing Development Finance Corporation (HDFC) has been ranked as the 5th biggest public company globally in the ‘consumer financial services category’ by the prestigious Forbes magazine.
While American Express has topped this category, India’s most valued lender HDFC’s rank has moved up from its 7th place held last year, in the consumer financial services category. Besides HDFC, the other noteworthy Indian name that made it to the list includes Indiabulls Housing Finance (at 13th place).
Other popular consumer finance services companies that found their mention in the list include Capital One Financial at 159th place, followed by Visa at 164th, PayPal at 337th and Mastercard at 367th, among others.
There are a total of 58 Indian companies on the overall list of 2,000 firms from across the world. These include Reliance Industries at 83rd place, the only Indian company in the top 100. Besides, HDFC Bank is at 202nd, ONGC at 266th, Indian Oil at 270th, ICICI Bank at 320th and the largest state lender State Bank of India (SBI) at 489th.
Forbes compiled the Global 2000 list using data sourced from FactSet Research systems to screen for the biggest public companies in four parameters that included sales, profits, assets and market value. According to it, these publicly-traded companies that made it to the latest list together account for $39.1 trillion in sales, $3.2 trillion in profit, $189 trillion in assets and $56.8 trillion in market value.