Vadodara is the third most-populated city in the Indian state of Gujarat after Ahmedabad and Surat. It is one of four cities in the state with a population of over 1 million,[6] the other being Rajkot and the two cities listed above, although it has a massive population of over 3 million. It is also known as the Sayaji Nagari (Sayaji's City after its famous ruler, Maharaja Sayajirao Gaekwad III) or Sanskari Nagari (The City of Culture, a reference to its status as the Cultural Capital of Gujarat). Vadodara or Baroda, formerly the capital city of the Gaekwar State, is situated on the banks of the Vishwamitri, a river whose name derived from the great saint Rishi Vishwamitra. It is located southeast of Ahmedabad. It is the administrative headquarters of Vadodara District. Vadodara is home to almost 1.6 million people.[7] (as of 2005), the beautiful Lakshmi Vilas Palace and the Maharaja Sayajirao University of Baroda (M.S.U.) which is the largest university in Gujarat and undoubtedly the best. Its famous for various faculties and departments, including the Fine Arts, Performing Arts, Technology, Management, Psychology, Social Work and Medicine streams. It has a high literacy rate by Indian standards of 78% (2001). Major industries include petrochemicals, engineering, pharmaceuticals, plastics and Forex. Famous companies such as ABB, Reliance Industries, Larsen and Toubro, IPCL, ONGC and Sun Pharmaceuticals all have a strong presence in this city.