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Forbes Ranks HDFC Among Global Top 10

MAY 10, 2015

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Forbes Ranks HDFC Among Global Top 10

 Forbes Ranks HDFC Among Global Top 10

Home mortgage lender HDFC has emerged as the only Indian co among the world's 10 biggest consumer financial services firms, after giants like American Express, Visa and Mastercard. HDFC ranks 7th on the list released by Forbes, which places American Express on the top, followed by Capital One Financial, Visa, Discover Financial Services and Orix . Mastercard is ranked sixth. HDFC is followed by CIT Group of US at the 8th position, Taiwan's Hua Nan Financial at 9th and China's Franshion Properties is at the 10th place. The list ranks the companies on the basis of a composite score based on revenues, profits, assets and market value.

The list is part of Forbes' annual compilation of 2,000 biggest and most powerful companies globally, which includes a total of 56 companies from India. Among other sector-specific lists, there is no Indian entity on the list of biggest major banks, which is topped by China's ICBC. Among regional banks, China Construction Bank tops the chart, while India's SBI ranks 22nd, ICICI Bank is at the 29th place and HDFC Bank is at the 40th position.

In the Oil and Gas sector, Reliance Industries ranks 15th globally while ExxonMobil top the list. In Computer Services, Google tops the list while India's TCS is at the 7th place, followed by Coginzant at the 9th and Infosys at the 10th positions respectively.


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