Bangalore: Being the fourth largest economy, it is not surprising if companies have kept their eyes on India. Including 57 new entities in the Fortune India 500, the new list indicates a strong demand and fast-growing market within the economy. Eight of the Indian companies were included in the Fortune Global 500 List of 2011.

Taking the development of India in accommodating a number of new companies within the economy, Chief Economist at ratings firm Care, Madan Sabnavis earlier mentioned, "India has the advantage of size. The scope of growth and excess capacity present in terms of resources would drive growth in the future." Fortune India Magazine has published the list considering the latest sales and gross revenue of the companies in 2011.

1. Indian Oil Corporation

Listing the top ten revenue generating Indian companies, Indian Oil Corporation is ranked top again in the 2011 fiscal year.  The company has generated revenue of $68,837 million in the last fiscal year. President of India owns 78.92 percent of the IndianOil Shares. This State-run oil and gas corporation has the largest and widest network of filling stations in India. It holds 10 refineries out of India’s 21. Ranked 98^th among 500 best global commercials, IOCL became the highest ranked Indian company across the world.  This Mumbai based company is not new to global ranking. Being the 18^th best petroleum company in the world, it has already been named in many records ever since its introduction in 1964.