Top 10 Companies in India 2017

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2. Indian Oil Corporation

Indian Oil Corporation is India’s largest commercial enterprise for two consecutive years from 2015-17.

Image: company website

The increase performance is due to the increase in the capitalization of the company by almost two fold in this fiscal year 2016-17. Balasubramanian Ashok is the current CEO and the headquarters are located in New Delhi.


IOCL was founded in 1959 and has a current work force of around 33000 employees. IOCL operates its business through three main segments mainly petrochemicals and petroleum products. Some of the well-known petroleum products of IOCL are indane gas, SERVO lubricants and greases, Jet Fuel, etc. Some of the major projects of IOCL include Polypropylene plant at Paradip, Distillate yield improvement project at Haldia, BS-VI quality improvement project for refineries, De-bottlenecking of Salaya-Mathura Crude pipeline and many more.

Some of the achievements of IOCL include highest ranked Indian company in Fortune Global 500 listing, Best CFO award by ICAI, Best CSR project for Assam Oil School for women empowerment.

Revenue in $Bn: 54.1

Profit in $Bn: 1.7

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