India is a rapidly developing economy. India’s economic landscape is increasing day by day due to various world’s most valuable companies. These companies belong to various industries like technology, consumer goods, finance and many more. Do you want to know which companies dominate the market in India and can provide valuable insights into the country’s economic landscape? Today, we bring you a list of the top 10 companies by market capitalization in India.
Market capitalization, or market cap, is a measure of a company’s total value based on its stock price and the number of outstanding shares. These leading Indian companies showcase the diverse and dynamic nature of India’s economy. From Technology to finance, these businesses play a crucial role in driving growth and innovation in the country. Here is the list of these companies-
- Reliance Industries
- TATA Consultancy Services (TCS)
- HDFC Bank
- ICICI Bank
- Infosys Information Technology
- Bharti Airtel
- State Bank of India (SBI)
- LIC India
- Hindustan Unilever (HUL)
- ITC
Also Read:
Top 10 Biggest Companies in the World by Market Cap 2024 | Top Ranked Companies
Top 10 Companies in India by Market Capitalization in 2024
1. Reliance Industries:
Reliance Industries is a diversified company with interests in petrochemicals, energy, refining, oil, telecommunications, textiles, natural resources, and retail. It is the largest company in India by market cap and holds a good presence in the international market too. Reliance Industries is lined up with Saudi Aramco for oil production and holds a worth of $15 billion. They have also collaborated with Google, Meta, Gap and many more.
- Industry: Conglomerate, Oil Exploration and Production
- Headquarters: Mumbai, India
- Founded: 1958
- Current CEO: Mukesh D. Ambani
- Market Cap (in INR, Lakh Crore): 19.29
2. TATA Consultancy Services (TCS):
TATA Consultancy Services or TCS is a subsidiary of the Tata Group, which operates the information technology sector. TCS is a leading global IT service, consulting, and business solutions organisation and holds the second position among the top companies in India. TCS also holds a strong presence in the forging countries like they are earned with the National Employment Savings Trust (NEST) in the UK, Marks & Spencer.
- Industry: Information Technology
- Headquarters: Mumbai, India
- Founded: 1968
- Current CEO: K. Krithivasan
- Market Cap (in INR, Lakh Crore): 14.38
Suggested Read:
Top 10 Pharma Companies in India: Revenue, Founders, and Market Impact
3. HDFC Bank:
HDFC Bank is one of India’s largest private sector banks providing a range of financial products and services to the national and international level. It is the first bank that controls the Indian economy and increases its financial performance. It is the first finance company to be ranked in the top 10 biggest companies in India. In addition, HDFC is the seventh largest bank in India. It became huge after it merged with its parent company HDFC Ltd in 2023.
- Industry: Banking and Financial Services
- Headquarters: Mumbai, India
- Founded: 1977
- Current CEO: Sashidhar Jagdishan
- Market Cap (in INR, Lakh Crore): 11.01
4. ICICI Bank:
ICICI is a major private sector bank offering banking products and financial services to corporate and retail customers. ICICI Bank is one of the best banks in India that works on a customer-centric approach. The current CEO, Sandeep Bakhshi is managing the bank and brings it to the number four in the top 10 companies of India. However, his previous CEO, Chanda Kochhar was accused of misusing her position in a financial way.
- Industry: Banking and Financial Services
- Headquarters: Mumbai, India
- Founded: 1994
- Current CEO: Sandeep Bakhshi
- Market Cap (in INR, Lakh Crore): 7.61
5. Infosys:
Infosys is a multinational corporation that provides business consulting, information technology, and outsourcing services. It is a global leader in digital service because it has clients from 46 countries. The Current CEO is Salil Parekh and co-founder NR Narayana Murthy who is the daughter of UK Prime Minister Rishi Sunak’s wife, Akshata Murthy.
- Industry: Information Technology
- Headquarters: Bengaluru, India
- Founded: 1981
- Current CEO: Salil Parekh
- Market Cap (in INR, Lakh Crore): 6.47
6. Bharti Airtel:
Bharti Airtel is one of the largest global telecommunications companies with operations in 18 countries across Asia and Africa. They provide mobile voice and data services, fixed lines, high-speed broadband, IPTV, DTH, and enterprise services. They also work for Alphabet, the parent company of Google.
- Industry: Telecommunications
- Headquarters: New Delhi, India
- Founded: 1995
- Current CEO: Gopal Vittal
- Market Cap (in INR, Lakh Crore): 6.94
7. State Bank of India (SBI):
SBI is India’s largest and oldest public sector bank offering a range of financial services. SBI is a personal banking, agricultural banking, corporate banking, international banking, and NRI services. It is a widespread bank in India and covers rural, semi-urban and urban areas.
- Industry: Banking and Financial Services
- Headquarters: Mumbai, India
- Founded: 1955
- Current CEO: Dinesh Kumar Khara
- Market Cap (in INR, Lakh Crore): 6.44
8. LIC India:
Life Insurance Corporation of India, is the largest insurance company in India offering life insurance and investment products. It is the most trusted insurance company by the rural and urban people. LIC became huge when it merged with 245 private insurance companies through the passing of the LIC Act 1956 by the Indian government. Right now, they have more than 13.5 lakh agents in India.
- Industry: Insurance
- Headquarters: Mumbai, India
- Founded: 1956
- Current CEO: Siddhartha Mohanty
- Market Cap (in INR, Lakh Crore): 5.55
9. Hindustan Unilever (HUL):
Hindustan Unilever is a leading fast-moving consumer goods (FMCG) company with products in various categories like foods, beverages, cleaning agents, and personal care. It is a subsidiary of the British-Dutch company Unilever. They provide products in various categories which makes their presence in India big. There are many brands under Hindustan Unilever like Lux, Dove, Lipton, Vim, Kissan, Bru, Close Up, Clinic Plus, and Pond’s.
- Industry: Consumer Goods
- Headquarters: Mumbai, India
- Founded: 1933
- Current CEO: Rohit Jawa
- Market Cap (in INR, Lakh Crore): 5.32
10. ITC:
ITC is an Indian multinational conglomerate with diversified business interests including FMCG, hotels, paperboards and packaging, agribusiness and information technology and many more. ITC is the most famous brand in India. It was first known as Imperial Tobacco Company of India Limited, then changed its name to India Tobacco Company Limited. Now, Just ITC.
- Industry: Conglomerate
- Headquarters: Kolkata, India
- Founded: 1910
- Current CEO: Sanjiv Puri
- Market Cap (in INR, Lakh Crore): 5.11
FAQs:
- Q: What is market capitalization, and why is it important? A: Market capitalization measures a company’s total value based on its stock price and outstanding shares, indicating its size and influence in the market.
- Q: How are these companies ranked by market capitalization? A: These companies are ranked based on their total market value, calculated by multiplying their stock price by the number of outstanding shares.
- Q: Are these companies limited to specific industries? A: No, the top 10 companies represent diverse sectors such as technology, banking, consumer goods, telecommunications, and insurance.
- Q: What role do these companies play in India’s economy? A: These companies drive economic growth, innovation, and employment opportunities, contributing significantly to India’s GDP and overall development.
- Q: Are these rankings subject to change over time? A: Yes, market capitalization rankings can fluctuate based on various factors like stock performance, industry trends, and economic conditions.
- Q: How can investors benefit from knowing these top companies? A: Investors can make informed decisions by analyzing these companies’ financial health, growth prospects, and market dominance for potential investment opportunities.
- Q: Do these companies operate solely within India’s borders? A: While some companies primarily operate in India, others have a global presence with operations and investments across multiple countries.
- Q: Are there any regulatory or legal considerations associated with these companies? A: Yes, these companies are subject to various regulations, compliance requirements, and corporate governance standards mandated by regulatory bodies like SEBI.
- Q: How do these companies contribute to social responsibility and sustainability initiatives? A: Many of these companies actively engage in corporate social responsibility (CSR) initiatives, focusing on environmental sustainability, community development, and social welfare.
- Q: Where can I find more information about these companies and their financial performance? A: You can explore their official websites, annual reports, financial statements, and news updates for comprehensive insights into their operations and strategies.
