Is Lava Mobile a Fortune 500 company?

LAVA International Limited FAQs No Comments

No, Lava Mobile is not in the list of global Fortune 500 companies. Lava Mobile is a leading handset company with Noida as its headquarters. The company is involved in designing, manufacturing, marketing, and serving mobile handsets, including the latest smartphones, feature phones, tablets, and other electronic accessories.

The company earned a total revenue of Rs. 5513 crore in FY21, 4.7% up compared to Rs. 5264 crore in FY20. While EBITDA increased 37% to Rs. 251 crore in F21 from 183 in F20. The net profit of the company increased by 61 to Rs. 173 crore in FY21 as against Rs. 107 crore in F20.

Looking at the financial performance of the company, it is too low to get into the global Fortune 500 list. The Fortune 500 is an annual list compiled and published by Fortune magazine worldwide, and revenue is used to prepare company rankings. So far, India has a total of nine Fortune Global 500 companies, four of which are private and five are public companies.

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