List of most valuable companies in India
The list of most valuable companies in India ranks publicly traded Indian companies by their market capitalization. Market capitalization is calculated by multiplying the company’s share price by the total number of outstanding shares, offering a snapshot of its total equity value. This list highlights the largest corporations across various sectors such as oil and gas, banking, information technology, and telecommunications.
2024
Top 10 companies in India in 2024 by market capitalization: [1]
| Rank | Company Name | Industry | Market Cap (USD Billion) |
|---|---|---|---|
| 1 | Reliance Industries Ltd | Oil & Gas/ Conglomerate | $234.1 |
| 2 | Tata Consultancy Services (TCS) | Information Technology | $164.8 |
| 3 | HDFC Bank | Banking | $162.9 |
| 4 | Bharti Airtel | Telecommunications | $101.8 |
| 5 | ICICI Bank | Banking | $99.0 |
| 6 | State Bank of India (SBI) | Banking | $89.6 |
| 7 | LIC India | Insurance | $77.0 |
| 8 | Infosys | Information Technology | $76.3 |
| 9 | Hindustan Unilever (HUL) | Consumer Goods | $68.7 |
| 10 | ITC Limited | Consumer Goods | $63.3 |
2023
Top 10 companies in India in 2023 by market capitalization:[2][3][4]
| Rank | Company name | Sector | Market capitalization (Rs Lakh Cr) |
|---|---|---|---|
| 1 | Reliance Industries | Oil Exploration and Production | 15.66 |
| 2 | TATA Consultancy Services (TCS) | Information Technology | 12.19 |
| 3 | HDFC Bank | Banking | 11.29 |
| 4 | ICICI Bank | Banking | 6.54 |
| 5 | Hindustan Unilever (HUL) | Consumer Goods | 5.81 |
| 6 | Infosys | Information Technology | 5.70 |
| 7 | ITC | Consumer Goods | 5.43 |
| 8 | Bharti Airtel | Telecommunications | 5.25 |
| 9 | State Bank of India (SBI) | Banking | 5.18 |
| 10 | Bajaj Finance | Financial Services | 4.46 |
2021
Top 15 companies in India in 2021 by market capitalization:[5][3][4]
| Rank | Company name | Market capitalization(Rs Cr) |
|---|---|---|
| 1 | Reliance Industries Limited | 14,23,372.44 |
| 2 | Tata Consultancy Services | 12,81,372.44 |
| 3 | HDFC Bank | 8,44,408.61 |
| 4 | Infosys | 7,26,200.07 |
| 5 | Hindustan Unilever | 5,65,520.23 |
| 6 | ICICI Bank | 4,88,520.23 |
| 7 | HDFC | 4,88,220.23 |
| 8 | State Bank of India | 3,85,200.95 |
| 9 | Bajaj Finance | 3,71,425.80 |
| 10 | Kotak Mahindra Bank | 3,54,596.85 |
| 11 | Bharti Airtel | 3,50,592.40 |
| 12 | Wipro | 3,37,444.00 |
| 13 | HCL Technologies | 3,04,464.43 |
| 14 | Asian Paints | 2,87,444.99 |
| 15 | ITC Limited | 2,60,444.99 |
2018
Top 10 companies in India in 2018 by market capitalization. Some companies are part of Conglomerate (company), which makes the parent company much more valuable than its listed entities.[6]
| Rank | Company name | Market capitalization(Rs Cr) |
|---|---|---|
| 1 | Reliance Industries Limited | 6,04,372.44 |
| 2 | HDFC Bank | 5,16,408.61 |
| 3 | HDFC | 3,94,520.23 |
| 4 | Infosys | 3,25,200.07 |
| 5 | Kotak Mahindra Bank | 3,21,200.95 |
| 6 | Maruti Suzuki | 1,88,425.80 |
| 7 | Bharti Airtel | 1,58,596.85 |
| 8 | Axis Bank | 1,33,592.40 |
| 9 | HCL Technologies | 1,29,464.43 |
2017-18
| Rank | First quarter(Rs cr) | Second quarter(Rs cr) | Third quarter(Rs cr) | Fourth quarter(Rs cr) |
|---|---|---|---|---|
| 1 | TCS 5,10,209.46 |
TCS 5,08,985.26 |
TCS 4,80,616 |
|
| 2 | Reliance Industries Limited 3,25,828.41 |
Reliance Industries Limited 2,80,609.84 |
Reliance Industries Limited 3,00,000.9 |
|
| 3 | HDFC Bank 2,69,843.63 |
Infosys 2,72,796.63 |
HDFC Bank 2,73,852.23 |
|
| 4 | ONGC 2,64,706.86 |
HDFC Bank 2,69,849.59 |
Infosys 2,53,709 |
|
| 5 | Coal India 2,67,245.38 |
ITC 2,66,078.31 |
Coal India 2,07,618.89 |
|
| 6 | ITC 2,52,889.64 |
Sun pharmaceutical 2,12,216.86 |
ONGC 2,06,957.30 |
|
| 7 | Infosys 2,27,386.04 |
Coal India 2,06,355.62 |
Sun pharmaceutical 1,97,341 |
|
| 8 | Sun pharmaceutical 2,09,594.26 |
ONGC 1,96,647.94 |
HDFC 1,99,469.29 |
|
| 9 | HDFC 2,07,412.69 |
HDFC 1,92,635.31 |
Hindustan Unilever Limited 1,86,098.57 |
|
| 10 | State Bank of India 2,03,417.50 |
State Bank of India 1,81,437.90 |
State Bank of India 1,74,196.71 |
2016-17
| Rank | First quarter(Rs cr) | Second quarter(Rs cr) | Third quarter(Rs cr) | Fourth quarter(Rs cr) |
|---|---|---|---|---|
| 1 | ONGC 2,95,421.07 |
Reliance Industries Limited 2,90,890 | ||
| 2 | Reliance Industries Limited 2,92,735.48 |
ITC 2,77,498.48 | ||
| 3 | ITC 2,85,237.07 |
ONGC 2,67,658.51 | ||
| 4 | Infosys 2,48,529.34 |
Infosys 2,52,755.72 | ||
| 6 | Coal India 2,44,664.38 |
HDFC Bank 2,48,376.55 | ||
| 7 | State Bank of India 2,43,606.80 |
Coal India 2,40,021.85 | ||
| 8 | ICICI 2,12,037.53 |
Sun pharmaceutical 2,38,225.27 | ||
| 9 | HDFC 2,02,001.90 |
HDFC 2,04,576.85 |
See also
- List of largest companies in India
- List of public corporations by market capitalization
- List of largest companies by revenue
References
- ^ "Top 10 most valuable Indian companies by market cap in 2024". The Indian Express. 2024-06-25. Retrieved 2025-07-30.
- ^ "Top 10 Companies In India By Market Valuation In 2024". Forbes India.
- ^ a b "HCL Technologies becomes 4th IT firm to hit Rs 3 trillion market-cap".
- ^ a b "Wipro third IT co to hit ₹4 trillion market cap".
- ^ "Top 10 Indian companies by market value in 2024 | Business Insider India". Business Insider.
- ^ PTI (2017-09-03). "Aditya Birla group market valuation crosses $50 billion mark". Mint. Retrieved 2019-03-27.