With an annual revenue of Rs 3,23,113.12 crore, IndianOil has retained its position as the country’s largest company, according to the list of 500 Indian companies released by Fortune India.

IndianOil maintained its ranking from the previous year. However, there were 57 new entries in this year’s edition of Fortune 500 companies in India. The 500 companies recorded a collective turnover of Rs 45,79,911.38 crore in the last financial year. The total sales of the companies has increased by 21.5% and the median growth has been at about 25% as compared to last year.