Eight Indian companies have made the cut in the list of world's 500 largest companies compiled by Fortune magazine, with Indian Oil finding a place in the top 100.Out of the eight, five are state-run entities. With an annual revenue of 86000 million dollars Indian Oil has cornered the 83rd spot up from 98th place last year. Reliance Industries is the first Indian private firm to made into the top 100 list. Besides IOC and RIL, the other Indian companies in the list are steel-maker Tata Steel , auto company Tata Motors , oil entities Bharat Petroleum , Hindustan Petroleum and Oil & Natural Gas and Public Sector Bank ,State Bank of India .