Industrialisation in the city dates back to the 16th century, when textile mills manufactured goods which were exported to British during its war with France. According to Forbes magazine, Chennai is one of the fastest-growing cities in the world and is ranked among the "Forbes-Top 10 Fastest Growing Cities in the World".[257] It is ranked 4th in hosting the maximum number of Fortune 500 companies of India, next only to Mumbai, Delhi and Kolkata.