Ever since the economic liberalization of 1991, the Indian economy has grown by a whopping 1100% from USD266 billion (inflation adjusted) to USD3 trillion in 2021. At the forefront of this exponential economic growth India’s top private and public companies have contributed in terms of the country’s industrialization as well as massive job creation. Their quality of their products and services and the principles and ethics they embody in terms of trust and social responsibility have positively and firmly imprinted these companies in the public conscience. This is reflected in the market capitalization which these companies command (market cap is calculated by multiplying the total number of a company’s outstanding shares by the present market price of one share. Given India’s future economic aspirations, these companies will lead the country’s charge towards prosperity. So, here are top 10 Indian companies by market capitalisation:
1. Reliance Industries: Reliance Industries Limited (RIL) is an Indian multinational conglomerate based out of Mumbai, India. It was founded in 1973 by Dhirubhai Ambani. The current Chairman and MD is Mukesh Ambani. It encompasses diverse businesses such as energy, petrochemicals, retail, mobile network and internet services, natural gas and textiles. It is India’s tenth largest employer with over 2,36,000 large workforce. Reliance is the largest income tax payer in the private sector. It owns the world’s largest petroleum refinery in Jamnagar, Gujarat. It has total assets worth USD 180 billion with a market capitalization of whooping USD 213 billion as of 11th February 2022.
2. Tata Consultancy Services (TCS) TCS is an Indian multinational information technology (IT) company which provides consulting and outsourcing services. It was founded in 1968 under the aegis of its parent company, Tata Sons Private Limited. It is the second largest IT firm in the world after Accenture, in terms of market capitalization. It is headquartered in Mumbai, India. It serves 46 countries across the world and has a total workforce of 5,28,748 worldwide. The MD and CEO is Rajesh Gopinathan. The total assets of the company is worth USD17 billion while market capitalization of TCS is USD 182.26 billion.
3. HDFC Bank Limited HDFC Bank was founded in August 1994 as a subsidiary of Housing Development Finance Corporation. It’s first corporate office at Sandoz House, Mumbai was inaugurated by the then India’s Finance Minister Manmohan Singh. HDFC Bank provides diverse financial services such as consumer/commercial banking, finance and insurance, investment banking, mortgage loans, private equities and wealth management. It has a market capitalization of USD 124.85 billion and has total assets worth USD 230 billion.
4. Infosys Infosys is an Indian multinational IT company which specializes in information technology, business consulting and outsourcing services. The company was founded in 1981 in Pune and is currently headquartered in Bangalore. In terms of annual revenue, Infosys will be the second largest IT firm after TCS in 2020. In August 2021, Infosys became the fourth Indian corporation to cross the USD100 billion market capitalization. It employs over 2,50,000 employees and has total assets worth over ₹1 lakh crore. Its current market capitalisation is around USD 97 billion.
5. ICICI Bank ICICI Bank is an India multinational bank and financial services company. It was founded in January 1994 and is currently headquartered in Vadodara, Gujarat. It offers financial services such as commercial and consumer banking, life/non-life insurance as well as asset management. It has over 5000 (in 2020) branches across the country and has presence in 17 countries. It employs over 97,000 individuals (2020 figure) and has net assets of over USD200 billion. Its current market capitalization is over USD72 billion.
6. Hindustan Unilever Limited (HUL) HUL is a consumer goods company which is a subsidiary of British company Unilever. It provides a wide range of products such as food, cleaning soaps, beauty and personal care products, beverages and other consumer goods. It is headquartered in Mumbai and employs over 20,000 individuals (as of 2020). Its annual revenue (2020) is USD 5.4 billion. Its current market capitalization is USD 72.66 billion.
7. State Bank of India State Bank of India is an Indian multinational bank government-owned bank. It was established as Imperial Bank of India in 1921. It was rechristened as State Bank of India in 1955. It is headquartered in Mumbai. It offers a wide range of commercial/consumer financial services and has been listed as the only Indian bank in the Fortune Global 500 list of world’s biggest corporations in 2020. It employs over 2,45,000 people as of March 2021 and has net assets worth USD640 billion. Its current market capitalization is over USD63 billion.
8. Bajaj Finance Bajaj Finance is an Indian non-banking financial company. It offers a variety of services such as finance of small and medium-sized enterprises and commercial lending. It is headquartered in Pune, Maharashtra. It was founded in 1987 by Rahul Bajaj. Its total assets are over ₹1,38,000 crore. Its current market capitalization is USD58.22 billion.
9. Bharti Airtel Bharti Airtel is an Indian multinational telecommunication service which operates in 18 countries across Asia and Africa. It is the second largest mobile operator in India and third largest across the world. It was founded in 1995 by Sunil Bharti Mittal. It employs over 17,000 people in India and has over 40 crore customers worldwide. Its current market capitalization is USD51 billion.
10. Kotak Mahindra Kotak Mahindra Bank Limited is an Indian banking and financial services company. It is headquartered in Mumbai and was founded in 2003 by Uday Kotak. It offers various services such as investment banking, life insurance, individual finance and other consumer and commercial services. As of February 2021, it has over 1600 branches across the country. It employs over 71,000 people (as of 2021). Its current market capitalization is USD48.60 billion.
