RIL's revenue is larger than any state
RIL group as a whole matches revenues of two of the biggest states - Maharashtra & Uttar Pradesh.
By Shailesh Dobhal & Bhanu Pande, TNN |
NEW DELHI: If the size and heft of a country’s economy is a measure of its influence globally, it’s pretty much true of big companies within the country as well. And if you need proof of big private sector corporates’ influence on India’s economy, you need not look further than their sales. The biggest private sector company in India, Reliance Industries Ltd (RIL) is bigger than any state government in terms of revenues — yes much bigger than the richest Indian state, Maharashtra, which has a total revenue receipt of Rs 50,429-crore compared with RIL’s net sales of Rs 81,211 crore, as per the latest available figures.
In fact, the RIL Group as a whole matches the revenue generation in two of India’s biggest states, Maharashtra and Uttar Pradesh, put together. The top five private Indian companies — RIL, Tata Motors, Tata Steel, Larsen & Toubro and ICICI Bank — are individually bigger than as many as 17 states, and this includes some big states such as Haryana, Orissa and Delhi.
Only seven big states pip Tata Motors, with even big ones such as Rajasthan , Madhya Pradesh, Bihar and Punjab dwarf before revenues of the country’s biggest automaker . The contrast is starker when top ten private sector companies’ sales is compared with the group of smaller states. To give you a flavour, RIL’s revenues surpass the total revenues of 15 Indian states at the bottom of the heap, put together.
Even the smallest companies in the select top-ten group — TCS — boasts of revenues more than 14 Indian states. The combined sales of India’s top ten companies (Rs 2,03,016-crore ) is greater then revenues of the country’s top five states put together — Maharashtra, Uttar Pradesh, Andhra Pradesh, Tamil Nadu and Karnataka — which stands at Rs 1,94,543-crore.
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