New entrants into the $1 billion market capitalisation club in 2005 are ABB, Asian Paints, Dabur, Essar Oil, Financial Technologies, Hindustan Copper, IDFC, Jaiprakash Associates, Jet Airways, Kotak Mahindra Bank, Reliance Capital, Tata Tea and Wockhardt.
In last five years, the number of $1 billion m-cap companies have risen by more than three-folds -- from 28 in 2000 to 85 in September. In 2001, the $1 billion club numbers declined to 25. In 2003, the $1 billion club members increased by more than doubled from 27 in 2002 to 56 and further to 74 in 2004.
At present, 11 companies have m-cap over $10 billion against seven in previous year 2004 and three in 2003. Those three were Oil and Natural Gas Corporation (ONGC), Reliance Industries and Indian Oil Corporation (IOC). In 2002, only ONGC had total m-cap of $10.4 billion.
The club's membership is based on the rupee-dollar exchange rate at the end of each calender year. On Thursday's market capitalisation was calculated on an exchange rate of Rs 43.82 per dollar.
The newly listed Jet Airways tops the new entrant list with m-cap of $2.20 billion (Rs 9,653 crore), followed by ABB $1.71 billion (Rs 7,512 crore), IDFC $1.68 billion (Rs 7,368 crore), Reliance Capital $1.37 billion (Rs 5,982 crore) and Kotak Mahindra Bank $1.35 billion (Rs 5,935 crore).
Oil and Natural Gas Corporation (ONGC) has been on the top of the list since 2002 with man -cap of $ 32.32 billion (Rs 1,41,631 crore). In last three years, the total m-cap of this company increased by 183 per cent from $ 10.4 billion (Rs 49,879 crore) in 2002.
Reliance Industries is at number two with m-cap of $23.49 billion (Rs 1,02,940 crore), followed by NTPC $19.39 billion (Rs 84,970 crore), TCS $15.38 billion (Rs 67,411 crore), Infosys Technologies $15 billion (Rs 65,736 crore) and Bharti Tele-Ventures $14.14 billion (Rs 61,970 crore).