So many companies exist in the world, each company thinking it is the best. However, they are so far from being the best regarding profits. A company cannot be termed as big or small based on the size, but the earnings. Growth and workforce determine how well a business will withstand competition from other companies, and win regarding customers and demand for their products. Here are the top 10 largest companies in the world, based on their profits, irrespective of their sizes.
List of Top 10 Largest Companies in The World in 2017
McDonald is among the highly valuable brands in the world. Also, it is the second company from the US to appear in the list. The company’s total workforce comprises of its employees at its company-owned offices and the corporate offices, excluding all workers in all its 29,179 franchisee-owned restaurants. Among the significant turnaround ways of the company is to design and install self-ordering and mobile ordering kiosks in all restaurants of the enterprise, to enhance their operating efficiency and lower the number of people queuing in their joints.
9. Industrial and commercial bank of China
The bank is second among the top four China banks to be ranked in the list. Regarding assets, market value, sales, and profits, it is the biggest bank in China Besides, the bank leads regarding productivity. The bank was worth $21.9 billion in 2006, which was the largest globally. However, the enormous size of the bank pushes the large workforce the bank needs. The bank does it business across six continents, providing a variety of financial products and services to over 4.7 million corporate customers, and more than 432 million private customers via its network, which has 19,000 locations globally.
8. ISS A/S
The company was started in 1901 in Copenhagen when it was just a small security company having 20-night security guards. The company became public as the biggest cleaning company in the world, during Denmark’s greatest first public provision in 20 years. Since then, the company started providing different types of services, such as catering, cleaning, and management of facility and property. Due to the limited employee turnover rate opposed to 65%, the company is not famous globally.
7. Agricultural Bank of China
Apart from China Construction Bank, Bank of Chin and ICBC, the bank is among the top four commercial banks in China. Besides, the company is bigger than ICBC. Additionally, the bank serves the highest population globally and has 23, 547 branches. The bank was founded in 1951, and its headquarters are located in Dongcheng district in Beijing.
6. Compass group
It is the greatest company offering contract food services. The company serves more than four billion meals per year, at more than 50,000 sites. Some of the sites include schools, sports venues, and office buildings. The company’s operation in North America stands at 40% of its workforce while generating 47% of its total revenues. The company was started in 1941, and has a net worth of 877 million GBP.
5. Petro China
The company is famous globally. Besides, the company was started in 1999, with half of its employees working in production and exploration. The company is not only China’s biggest Oil and Gas Company but also the second largest and valuable company in the world after Exxon Mobil. This is one amongst the Top 10 Largest Companies in The World 2017. Also, the company is an arm of the state traded publicly and run by China National Petroleum Corp, which has the biggest share of the firm, at 86%.
The company is not only reputable but popular all over the world. In the year 2013, the company made 1.28% sales, by selling more than 9.3 million vehicles globally. During the year, the sale placed the company at the second position after Toyota with 0.95% and ahead of General Motors at slightly – 0.17%. The Volkswagen group manages 107 production plants in eight different countries in Africa, Asia, America and 19 European countries. Around 39,350 vehicles are produced worldwide by their 572, 800 employees every weekday.
The company is not only among the world’s largest companies but also the biggest security company in the world. The footprints of the enterprise are international, across 125 countries. Besides, it is the largest traded employers in Europe, in the middle of Securicor and Group 4 Flack. Additionally, being a leading security solution provider, the company provides a combination of employees, risk management, project administration and technology solutions for both government and commercial organizations, which generates 75% of its revenues.
2. Hon Hai Precision Industry
Hon Hai Precision Industry is the parent company of Foxconn Technology. Besides being the world’s biggest manufacturer of electronics, it is a unique technology company among the greatest companies. The company was started in 1974 by Terry Gou as the CEO. Presently, the Asian tech giant manufactures everything, including smartphones and exhibit panels for their consumers, just like Apple, Sony, Dell, and Cisco.
1. Wal-Mart Stores
Among the various kinds of largest companies in the world 2017 is Wal-Mart stores. Wal-Mart being the most prominent merchant has approximately 11,000 stores, which are in 27 countries around the world. The company was started by an Arkansas businessman by the name Sam Walton in 1962. Globally, the company has approximately 2.2 million employees. At the company’s end of financial year, around 1.4 million employees work in the US.
These above are the Top 10 Largest Companies in The World 2017. Although there are so many other businesses that are recognized globally, the companies listed above are the largest regarding profits. For any business to succeed, the products or services should be of quality and pleasing to the customers.