Mukesh's father, Dhirubhai, launched the business in the early 1960s, starting with import and export licenses for nylon, rayon and polyester. Today, the company's businesses include plastics and petrochemicals, mobile telecom services and retail.
With a market cap of $56.12 billion, the public sector bank- State Bank of India landed the No. 2 spot on the list of India’s largest. The bank, headquartered in Mumbai, India, has 24,000 branches and 62,617 ATMs across the country. Private sector banks ICICI and HDFC followed next on the Global 2000 list of Indian companies, highlighting the growth of the banking sector in India.
Some notable newcomers to the list include Indian billionaire Gautam Adani’s companies: Adani Enterprises Limited, Adani Transmission Ltd. and Adani Total Gas Ltd. Adani made headlines when he became the richest Asian billionaire in history. Earlier this year, Adani passed Warren Buffett to become the 5th richest person in the world. His companies include a mix of businesses ranging from power generation and transmission to edible oil, real estate, coal.
Meanwhile, oil, gas and metal conglomerate Vedanta Limited jumped 703 spots on the list, the highest leap among all Indian companies thanks to a surge in price. The Mumbai headquartered company that mines Aluminum saw a staggering rise in profits in 2021 after China’s production declined.
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