OVER VIEW OF THE TOP 10 BIGGEST NON FINANCIAL COMPANIES Select the List of Top Fifty Non Financial

al Companies are as follows. 1. Reliance Industries Limited 2. Indian Oil Corporation Limited 3. ONGC Limited 4. Tata Steel Company Limited 5. Bharath Petroleum Corporation Limited 6. Tata Motors Limited 7. NTPC Limited 8. Hindustan Petroleum Corporation Limited 9. Hindalco Industries Limited 10. Reliance Communications Limited 11. Larsen & Tourbro Limited 12. Bharti Airtel Limited 13. Steel Authority of India Limited 14. Bharath Heavy Electricals Limited 15. Sterlite Industries India Limited 16. Power Grid Corporation of India Limited 17. Mahindra & Mahindra Limited 18. DLF Limited

19. Essar Oil Limited 20. Gail India Limited 21. Jaiprakash Associates Limited 22. WIPRO Limited 23. Tata Power Company Limited 24. MMTC Limited 25. Tata Consultancy Services Limited 26. Adani Enterprises Limited 27. JSW Steel Limited 28. NHPC Limited 29. ITC Limited 30. Aditya Birla Nuvo Limited 31. Infosys Technologies Limited 32. Maruthi Suzuki India Limited 33. Suzlon Energy Limited 34. Grasim Industries Limited 35. Nuclear Power Grid Corporation Limited 36. Essar Steel Limited 37. Cairn India Limited

38. GMR Infrastructure Limited 39. Jindal Steel & Power Limited 40. Idea Cellur Limited 41. Indian Farmers Fertilizers Co-operative Limited 42. Jet Airways Limited 43. Videocon Industries Limited 44. Unitech Limited 45. Tata communications Limited 46. State Trading Corporation of India Limited 47. Hindustan Unliever Limited 48. Oil India Limited 49. NMDC Limited 50. Rajesh Exports Limited

1. Reliance Industries Limited Reliance was founded by the Indian Industrialist Dhirubhai Ambani in 1966. Ambani has been a pioneer in introducing financial instruments like fully convertible debentures to the Indian stock markets. Ambani was one of the First Entrepreneurs to draw retail investors to the stock markets. Critics allege that the rise of Reliance Industries to the top slot in terms of market capitalization is largely due to Dhirubhai's ability to manipulate the levers of a controlled economy to his advantage.

Though the company's oil-related operations form the core of its business, it has diversified its operations in recent years. After severe differences between the founder's two sons, Mukesh Ambani and Anil Ambani, the group was divided between them in 2006. In September 2008, Reliance Industries Limited was the only Indian firm featured in the Forbes's list of "World's 100 most respected companies". Mukesh Ambani is the Chairman of the Reliance Industries Limited. The Reliance Industries limited Headquarter is in Mumbai, Maharashtra, India. The Reliance Industries

limited in the Products, such as Petroleum, Natural Gas, Petrochemicals, Retail stores, Polymers, Chemicals, Textile, Telecommunications. According to the company website "1 out of every 4 investors in India is a Reliance shareholder. Reliance has more than 3 million shareholders, making it one of the world's most widely held stocks. Reliance Industries Ltd, subsequent to its split in January 2006 has continued to grow. Reliance companies have been among the best performing in the Indian stock market. Reliance Industries Limited has a wide range of products from petroleum products, petrochemicals, to garments (under the brand name of Vimal), Reliance Retail has entered into the fresh foods market as Reliance Fresh and launched a non-veg chain called Delight Reliance Retail and NOVA Chemicals have signed a letter of intent to make energy-efficient structures. Reliance has also completed a second refinery of 29 million tons at the same site which started operations in December 2008. The company is also involve in oil & gas exploration and production. In 2002, it struck a major find on India's eastern coast in the Krishna Godavari basin. Gas production from this find was started on 2 April 2009. 2. Indian Oil Corporation Limited Indian Oil Corporation Limited, or Indian Oil, is an Indian state-owned oil and gas company. It is Indias largest commercial enterprise, ranking 105th on the Fortune Global 500 list in 2009. Indian Oil and its subsidiaries account for a 47% share in the petroleum products market, 40% share in refining capacity and 67% downstream sector pipelines capacity in India. The Indian Oil Group of Companies owns and operates 10 of Indias 19 refineries with a combined refining capacity of 60.2 million metric tons per year. Indian Oil operates the largest and the widest network of fuel stations in the country, numbering about 17606 (15557 regular

ROs & 2049 Kissan Sewa Kendra). It has also started Auto LPG Dispensing Stations (ALDS). It supplies Indane cooking gas to over 47.5 million households through a network of 4,990 Indian distributors. Indian Oil's Research and Development Center (R&D) at Faridabad supports, develops and provides the necessary technology solutions to the operating divisions of the corporation and its customers within the country and abroad. Subsequently, Indian Oil Technologies Limited - a wholly owned subsidiary, was set up in 2003, with a vision to market the technologies developed at Indian Oil's Research and Development Center. It has been modeled on the R&D marketing arms of Royal Dutch Shell and British Petroleum. 3. Oil and Natural Gas Corporation Limited Oil and Natural Gas Corporation Limited (ONGC) is a state-owned oil and gas company in India. It is a Fortune Global 500 company ranked 413, and contributes 77% of India's crude oil production and 81% of India's natural gas production. It is the highest profit making corporation in India. It was set up as a commission on 14 August 1956. Indian government holds 74.14% equity stake in this company. Post 1990, the liberalized economic policy was brought into effect, subsequently partial disinvestments of government equity in Public Sector Undertakings were sought. As a result, ONGC was re-organized as a limited company and after conversion of business of the erstwhile Oil & Natural Gas Commission to that of Oil and Natural Gas Corporation Ltd in 1993, 2 percent of shares through competitive bidding were disinvested. Further expansion of equity was done by 2 percent share offering to ONGC employees. Another big leap was taken in March 1999, when ONGC, Indian Oil Corporation (IOC) and Gas Authority of India Ltd.(GAIL) agreed to have cross holding in each others stock. Consequently the Government sold off 10 per cent of its share holding in ONGC to IOC and 2.5 per cent to GAIL. With this, the Government holding in ONGC came down to 84.11 per cent. In 2002-03 ONGC took over Mangalore Refinery and Petrochemicals Limited (MRPL) from Birla Group and announced its entrance into retailing business. ONGC also went to global fields through its subsidiary, ONGC Videsh Ltd. (OVL).

In 2009, ONGC discovered up to 1 billion barrel reserves of heavy crude, in the Persian Gulf off the coast of Iran. Additionally, ONGC also signed a deal with Iran to invest US$3 billion to extract 1.1 billion cubic feet of natural gas from the Farzad B gas field. International rankings ONGC has been ranked at 198 by the Forbes Magazine in their Forbes Global 2000 list for the year 2007. ONGC has featured in the 2008 list of Fortune Global 500 companies at position 335, a climb of 34 positions from rank of 369 in 2007. ONGC is ranked as Asias best Oil & Gas Company, as per a recent survey conducted by US-based magazine Global Finance and 2nd biggest E&P company (and 1st in terms of profits), as per the Platts Energy Business Technology (EBT) Survey 2004. Ranks 24th among Global Energy Companies by Market Capitalization in PFC Energy 50 (December 2004). Economic Times 500, Business Today 500, Business Baron 500 and Business Week recognize ONGC as most valuable Indian corporate, by Market Capitalization, Net Worth and Net Profits. ONGC is Asia's largest and most active company involved in exploration and production of oil. It is involved in exploring for and exploiting hydrocarbons in 26 sedimentary basins of India. It produces about 30% of India's crude oil requirement. It owns and operates more than 11,000 kilometers of pipelines in India. In 2010, it stood at 18th position in the Platts Top 250 Global Energy Company Rankings. 4. Tata Steel Company Limited Tata Iron & Steel Company Limited (TISCO) is the iron and steel production company associated with the Tata group of some 80 different industrial and other business enterprises in India, founded by members of the Tata family. Tata Iron Steel Company Limited operates as India's largest integrated steel works in the private sector with a market share of nearly 13 percent and is the largest steel company in the entire industry. Its products and services include hot and cold rolled coils and sheets, tubes, construction bars, forging quality steel, rods, structurals, strips and bearings, steel plant and material handling equipment, Ferro alloys and other minerals, software for process controls, and cargo handling

services. Through its subsidiaries, Tata Iron Steel Company Limited also offers tinplate, wires, rolls, refractories, and project management services. Its main plant is located in Jamshedpur, Jharkhand, with its recent acquisitions; the company has become a multinational with operations in various countries. The Jamshedpur plant contains the DCS supplied by Honey well. The registered office of Tata Steel is in Mumbai. The company was also recognized as the world's best steel producer by World Steel Dynamics in 2005. The company is listed on Bombay Stock Exchange and National Stock Exchange of India, and employs about 82,700. Tata Steel is also India's second-largest and second-most profitable company in private sector with consolidated revenues of 132,110 crore (US$ 29.2 billion) and net profit of over 12,350 crore (US$ 2.73 billion) during the year ended March 31, 2008. Tata steel in the 8th most valuable brand according to an annual survey conducted by Brand Finance and The Economic Times in 2010. 5. Bharath Petroleum Corporation Limited The 1860s saw vast industrial development. A lot of petroleum refineries came up. An important player in the South Asian market then was the Burmah Oil Company Ltd. Though incorporated in Scotland in 1886, the company grew out of the enterprises of the Rangoon Oil Company, which was formed in 1871 to refine crude oil produced from primitive hand dug wells in Upper Burma. The search for oil in India began in 1886, when Mr. Goodenough of Mc Killop Stewart Company drilled a well near Jeypure in upper Assam and struck oil. In 1889, the Assam Railway and Trading Company (ARTC) struck oil at Digboi marking the beginning of oil production in India. In 1928, Asiatic Petroleum (India) joined hands with Burmah Oil Company - an active producer, refiner and distributor of petroleum products, particularly in Indian and Burmese markets. This alliance led to the formation of Burmah-Shell Oil Storage and Distributing Company of India Limited. On 24 January 1976, the Burmah Shell Group of Companies was taken over by the Government of India to form Bharat Refineries Limited. On 1st August 1977, it was renamed Bharat Petroleum Corporation Limited. It was also the first refinery to process newly found

indigenous crude Bombay High, in the country. Today Bharat Petrol'' 'Bold texteum Corporation Limited has got three refineries at Mumbai Kochi and Numaligarh. They are also on the verge of commissioning another refinery at Bina in Madhya Pradesh in 2010. Bharat Petroleum is considered to be a pioneer in Indian petroleum industry with various path-breaking initiatives such as Pure for Sure campaign, Petro card, Fleet card etc. 6. Tata Motors Limited Tata Motors is a part of the Tata Group manages its share-holding through Tata Sons. The company was established in 1945 as a locomotive manufacturing unit and later expanded its operations to commercial vehicle sector in 1954 after forming a joint venture with Daimler-Benz AG of Germany. Despite the success of its commercial vehicles, Tata realized his company had to diversify and he began to look at other products. Based on consumer demand, he decided that building a small car would be the most practical new venture. So in 1998 it launched Tata Indica, India's first fully indigenous passenger car. Designed to be inexpensive and simple to build and maintain, the Indica became a hit in the Indian market. It was also exported to Europe, especially the UK and Italy. Tata Motors Limited is a multinational corporation headquartered in Mumbai, India. Part of the Tata Group, it was formerly known as TELCO (TATA Engineering and Locomotive Company).Tata Motors Limited is Indias largest automobile company, with consolidated revenues of USD 20 billion in 2009-2010. It is the leader in commercial vehicles and among the top three in passenger vehicles. Tata Motors has products in the compact, midsize car and utility vehicle segments. The company is the world's fourth largest truck manufacturer, the world's second largest bus manufacturer, and employs 24,000 workers. Since first rolled out in 1954, Tata Motors has produced and sold over 4 million vehicles in India. Tata Motors has auto manufacturing and assembly plants in Jamshedpur, Pantagar, Luck now, Ahmadabad, Sanand, Dharwad and Pune in India, as well as in Argentina, South Africa and Thailand. 7. National Thermal Power Corporation Limited

National Thermal Power Corporation Limited is the largest state-owned power generating company in India. Forbes Global 2000 for 2009 ranked it 317th in the world. It is an

Indian public sector company listed on the Bombay Stock Exc20hange although at present the Government of India holds 84.5% (after divestment the stake by Indian government on 19october2009) of its equity. With a current generating capacity of 31134 MW, NTPC has embarked on plans to become a 75,000 MW company by 2017. It was founded on November 7, 1975. NTPC's core business is engineering, construction and operation of power generating plants and providing consultancy to power utilities in India and abroad. The total installed capacity of the company is 31134 MW (including JVs) with 15 coal based and 7th gas based stations, located across the country. NTPC has adopted a multipronged growth strategy which includes capacity addition through green field projects, expansion of existing stations, joint ventures, subsidiaries and takeover of stations. Pursuant to a special resolution passed by the Shareholders at the Companys Annual General Meeting on September 23rd, 2005 and the approval of the Central Government under section 21 of the Companies Act, 1956, the name of the Company "National Thermal Power Corporation Limited" has been changed to "NTPC Limited" with effect from October 28, 2005. The primary reason for this is the company's foray into hydro and nuclear based power generation along with backward integration by coal mining.(NTPC) is in the 138th position in Fortune 500 in 2009.10 Indian companies make it to FT's top 500. 8. Hindustan Petroleum Corporation Limited Hindustan Petroleum Corporation Limited (HPCL) a state-owned oil company of the Government of India located at Mumbai, India and is a Fortune 500 company of India listed at number 31 in the global 500 rankings, with an annual turnover of over 1,16,428 Crores and

sales/income from operations of Rs 1,31,802 Crores (US$ 25,618 Millions) during financial year 2008-09, about 20% Marketing share in India and a strong market infrastructure. The marketing network of HPCL consists of 13 Zonal offices in major cities and 101 Regional offices facilitated by a Supply & Distribution infrastructure comprising Terminals, Aviation Service Facilities, LPG Bottling Plants, Lube filling plants, Inland Relay Depots, Retail Outlets (Petrol Pumps) and LPG & Lube Distributorships. HPCL operates 2 major refineries

producing a wide variety of petroleum fuels & specialties, one in Mumbai (West Coast) of 6.5 Million Metric Tones Per Annum (MMTPA) capacity and the other in Vishakhapatnam, (East Coast) with a capacity of 8.3 MMTPA. HPCL holds an equity stake of 16.95% in Mangalore Refinery & Petrochemicals Limited (MRPL), a state-of-the-art refinery at Mangalore with a capacity of 9 MMTPA. Products 1. Petrol Known as Motor Spirit (MS) in Oil Industry. HPCL markets the product through its retail pumps spread all over India. Its principle consumers are regular personal vehicle owners. 2. Diesel Known as High Spirit Diesel (HSD) in Oil Industry. HPCL markets the products through its retail pumps as well as terminals and depots. Its consumers are not only regular auto owners but also transport agencies, industries etc. 3. Lubricants HPCL is the market leader in lubricant and associated products. It commands over 30% of market share in this sector. The popular brands of HP lubes are Laal Ghoda, Milcy, Thanda Raja, Koolgard etc. 4. LPG A popular brand in mainly urban areas. 5. Aviation Turbine Fuel with major ASF (Air Service Facility) present in all major airports of India, HPCL is a key player in this sector supplying ATF to major airlines. It has an accomplishment of sorts to supply fuel to US Air Force 1. 6. Bitumen 7. Furnace Oil. International rankings HPCL is a Fortune Global 500 company as per the ranking of 2009 and was ranked at position 311. HPCL was featured on the Forbes Global 2000 list for 2009 at position 1002. It is 10th most valuable brand in India according to an annual survey conducted by Brand Finance and The Economic Times in 2010. 9. Hindalco Industries Limited

The company was formerly known as Hindustan Aluminium Corporation Limited and changed its name to Hindalco Industries Limited in October 1989. The company was founded in 1958 and is headquartered in Mumbai, India. Hindalco Industries Limited is a part of the Aditya Birla Group. Hindalco Industries Limited is world's largest Aluminum manufacturing Company and is a subsidiary of the Aditya Birla Group. It is run by one of the company has annual sales of $ 5 billion and employs 13,675 people and is listed on Forbes 2000. A metals powerhouse with a turnover of US$ 14 billion, Hindalco is the world's largest aluminium rolling company and one of the biggest producers of primary aluminium in Asia. It is run by one of the world's youngest billionaires, Mr. K.M. Birla. On February 11th, 2007, the company entered into an agreement to acquire the Canadian company Novelis for U$6 billion, making the combined entity the world's largest rolledaluminum producer. On May 15, 2007, the acquisition was completed with Novelis shareholders receiving $44.93 per outstanding share of common stock. Hindalco, through its wholly-owned subsidiary AV Metals Inc., acquired 75,415,536 common shares of Novelis, representing 100% of the issued and outstanding common shares. 10. Reliance Communications Limited Reliance Communications formerly known as Reliance Info communication, along with Reliance Telecom and Flag Telecom, is part of Reliance Communications Ventures (RCoVL). Reliance Communications Limited, founded by Dhirubhai H. Ambani (19322002), is the flagship company of the Reliance Anil Dhirubhai Ambani Group. It ranks among the top 5 telecommunications companies in the world by number of customers in a single country. Reliance Communications corporate clientele includes 2,100 Indian and multinational corporations, and over 800 global, regional and domestic carriers. The company has established a pan-India, next-generation, integrated (wireless and wire line), convergent (voice, data and video) digital network that is capable of supporting services spanning the entire communications value chain, covering over 24,000 towns and 6,00,000 villages.

Reliance Communications owns and operates the next-generation IP-enabled connectivity infrastructure, comprising over 190,000 kilometers of fiber optic cable systems in India, USA, Europe, Middle East and the Asia Pacific region. The Reliance Anil Dhirubhai Ambani Group currently has a net worth in excess of 64,000 crore (US$13.6 billion), cash flows of 13,000 crore ($2.8 billion), and a net profit of 8,400 crore ($1.8 billion). The Equity Shares of RCOM are listed on Bombay Stock Exchange Limited and National Stock Exchange Limited. The Global Depository Receipts and Foreign Currency Convertible Bonds are listed on Luxembourg Stock Exchange and Singapore Stock Exchange respectively. Reliance Communications Limited is the Chairman of Anil Ambani. The Reliance Industries limited Headquarters in Navi Mumbai, Maharashtra, India. The Reliance Communications limited in the Products, Wireless Telephone, Internet, Television, Data Cards, Recharge Vouchers, VC.