Highest Corporate Tax Payers in India

Oil and Natural Gas Corporation

The Oil and Natural Gas Corporation paid 11, 49.13 billion as taxes, which is 50.35 percent of its profits earned. Apart from leading the tax-payers pack, ONGC holds the 198^th rank in Forbes Global 200; it ranks at 335^th in the Fortune Global 500; and has been recognized as the most valuable Indian corporate by market Capitalization, Net Worth, and Net Profits. Headquartered in New Delhi, ONGC is one of the largest publicly traded companies in India, and owns and operates over 11,000 kilometers of pipelines in the country.

Coal India

Coal India paid  55.95 billion as taxes, which is 51.49 percent of its profits earned. Coal India contributes around 85 percent of the coal produced in India, and is also the largest company in the world in terms of coal production. Coal India has repeatedly been leading the Indian Tax payers list with a corporate tax of $ 725.01 million in 2007-08 and has paid a dividend of $345.86 to the Indian government. In April 2011, Coal India was awarded the Maharatna status by the Union Government of India.

Reliance Industries

Reliance Industries paid  47.83 billion as tax, which is 24.82 percent of its profits earned. Operated through three business segments: petrochemicals, refining, and oil and gas, the company also includes textile, retail, special economic zone development and telecom/broadband business. As of 2011, Reliance Industries is the largest publicly traded companies in India in terms of market capitalization. Reliance Industries has been ranked as the 6^th most trusted brand in India according to the Brand Trust Report. Having more than 3 million shareholders, Reliance Industries has one of the world’s most widely held stocks.

Piramal Healthcare

Piramal Healthcare paid  36.79 billion as tax, which is 28.56 percent of its profits earned. With two business models: Pharma business and Financial services business, Piramal Healthcare has one of the largest custom manufacturing companies across the world. Piramal Healthcare is said to have made the most valuable deal in the history of Indian pharmaceuticals with the sale of its Healthcare Solutions to Abbott for $3.8 billion. Piramal Healthcare has been listed in the S&P Global Challengers, the Forbes ‘Best Under a Billion’ List, and the Forbes ‘Best Small Asian Companies’ list.

Tata Steel

Tata Steel paid  32.45 billion as tax, which is 36.65 percent of its profits earned. Tata Steel is the world’s largest multinational steel company, and world’s seventh largest steel company in terms of steel production. It is the largest private sector steel company in India and the second-most profitable private-sector company. The acquisition of UK-based steel maker Corus made Tata Group the world’s fifth largest steel maker and pushed it in the global league. According to an annual survey, Tata Steel is the eighth most valuable Indian Brand.