{"id":31,"date":"2011-11-05T01:01:13","date_gmt":"2011-11-04T19:31:13","guid":{"rendered":"http:\/\/gtm360.com\/blog\/?p=31"},"modified":"2020-07-06T17:15:21","modified_gmt":"2020-07-06T11:45:21","slug":"fortune-global-500-and-indian-it-companies","status":"publish","type":"post","link":"https:\/\/gtm360.com\/blog\/2011\/11\/05\/fortune-global-500-and-indian-it-companies\/","title":{"rendered":"Fortune GLOBAL 500 And Indian IT Companies"},"content":{"rendered":"

In its 15 Aug 2011 issue, FORTUNE magazine acknowledged that it \u201cerroneously omitted Chrysler Group from the GLOBAL 500 list\u201d published a fortnight earlier. It goes on to regret this error.<\/p>\n

Sounds more like a blunder to me.<\/p>\n

Apart from this blemish,\u00a0this year\u2019s FORTUNE GLOBAL 500 issue is a lot better than the lacklustre one of last year\u2019s<\/a><\/strong>. The GLOBAL 500 list is preceded by a short leader article that explains its salient features. The country-wise ranking of the largest corporations is back. The infographic accompanying the \u201cThe Best New Cities for Business\u201d article<\/a><\/strong>\u00a0is brilliant (Ahmedabad\u00a0<\/em>and\u00a0Gurgaon\u00a0<\/em>are the two entries from India). Despite the missing editorial and the industry-wise ranking, this issue is worth archiving\u00a0unlike the last year\u2019s<\/a><\/strong>.<\/p>\n

Wal-Mart and Wistron respectively define the top and bottom of this year\u2019s list.<\/p>\n\n\n\n\n\n
RANK<\/strong><\/td>\nCOMPANY<\/strong><\/td>\nREVENUES\u00a0<\/strong>
\n(US$ Billion)<\/td>\n		PROFITS\u00a0<\/strong>
\n(US$ Billion)<\/td>\n<\/tr>\n
1<\/td>\nWal-Mart Stores<\/td>\n421.85<\/td>\n16.39<\/td>\n<\/tr>\n
500<\/td>\nWistron<\/td>\n19.54<\/td>\n0.38<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

Way back in 2007, I\u2019d wondered\u00a0which would be the first Indian IT company to enter this fabled list<\/a><\/strong>. At the time, my prediction was TCS in 2015.<\/p>\n

Now, this is what I get when I use the last two years\u2019 figures to update my model and extrapolate it until 2020 (download this model at item # 17\u00a0here<\/a><\/strong>).<\/p>\n

\"itco01<\/a><\/p>\n

As you can see,<\/p>\n

    \n
  1. TCS will now enter the Fortune GLOBAL 500 in 2017 and not 2015 as predicted earlier.<\/li>\n
  2. Newcomer COGNIZANT can expect to gain membership to this club in 2019.<\/li>\n
  3. WIPRO and INFOSYS are unlikely to make it until 2020, which is our model\u2019s last year.<\/li>\n<\/ol>\n

    These predictions assume that all year-on-year revenue growth in the future will not be significantly higher than present rates. Unless any of these companies does a big ticket acquisition and grows revenues inorganically, this assumption is likely to remain valid.<\/p>\n

    With its trailblazing growth during the last few years, Cognizant enters this list.<\/p>\n

    Because of the internal fraud in SATYAM that came to light in 2009, its absence from this list shouldn\u2019t come as a surprise.<\/p>\n

    At first blush, I thought TCS\u2019s delayed entry (from 2015 to 2017) into this list could be attributed to the slowdown it suffered during the Great Recession. However, the bad times of the past couple of years hit GLOBAL 500 corporations equally hard. So that can’t possibly explain this postponement. If there are any financial analysts amongst readers, I leave this to them to figure this one out and enlighten the rest of us with their comments below.<\/p>\n","protected":false},"excerpt":{"rendered":"

    In its 15 Aug 2011 issue, FORTUNE magazine acknowledged that it \u201cerroneously omitted Chrysler Group from the GLOBAL 500 list\u201d published a fortnight earlier. It goes on to regret this error. Sounds more like a blunder to me. Apart from this blemish,\u00a0this year\u2019s FORTUNE GLOBAL 500 issue is a lot better than the lacklustre one … Read more<\/a><\/p>\n","protected":false},"author":4,"featured_media":131,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[17,8,1],"tags":[],"class_list":["post-31","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-b1-integrated-marketing","category-it-marketing","category-mandatory-category"],"_links":{"self":[{"href":"https:\/\/gtm360.com\/blog\/wp-json\/wp\/v2\/posts\/31","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/gtm360.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/gtm360.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/gtm360.com\/blog\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/gtm360.com\/blog\/wp-json\/wp\/v2\/comments?post=31"}],"version-history":[{"count":4,"href":"https:\/\/gtm360.com\/blog\/wp-json\/wp\/v2\/posts\/31\/revisions"}],"predecessor-version":[{"id":7092,"href":"https:\/\/gtm360.com\/blog\/wp-json\/wp\/v2\/posts\/31\/revisions\/7092"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/gtm360.com\/blog\/wp-json\/wp\/v2\/media\/131"}],"wp:attachment":[{"href":"https:\/\/gtm360.com\/blog\/wp-json\/wp\/v2\/media?parent=31"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/gtm360.com\/blog\/wp-json\/wp\/v2\/categories?post=31"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/gtm360.com\/blog\/wp-json\/wp\/v2\/tags?post=31"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}