Visualizing India’s Top Companies by Market Capitalization

Visualizing India’s Top Companies by Market Capitalization

India’s stock market valuation hit $4 trillion in 2023 for the first time ever, bringing the world’s fifth-biggest equity market closer to Hong Kong, which is worth around $4.7 trillion.

This graphic, utilizing data from CompaniesMarketCap, showcases India’s top 50 publicly traded companies by market capitalization.

India’s Biggest Companies Worth Over $2 Trillion

Altogether, the 50 biggest companies in India are worth over $2.1 trillion, or ₹180 trillion in Indian Rupees.

At the top is the multinational conglomerate Reliance Industries. The company operates in diverse sectors, including energy, petrochemicals, natural gas, retail, telecommunications, mass media, and textiles. Additionally, it holds the rank of the 100th largest company worldwide.

Reliance’s Chairman and Managing Director, Mukesh Ambani, is India’s richest person with a net worth of $95.6 billion. The company was founded by his late father Dhirubhai Ambani, a yarn trader, in 1966 as a small textile manufacturer.

Company	Industry	Market Cap (USD)
Reliance Industries	Conglomerate	$198 billion
HDFC Bank	Banking	$159 billion
Tata Consultancy Services	Information Technology	$155 billion
ICICI Bank	Banking	$85.4 billion
Bharti Airtel	Information Technology	$72.5 billion
Hindustan Unilever	Consumer Staples	$72.3 billion
Infosys	Information Technology	$72.3 billion
ITC	Conglomerate	$67.6 billion
State Bank of India	Banking	$65.2 billion
Housing Development Finance Corp	Banking	$60.7 billion
Larsen & Toubro	Conglomerate	$54.7 billion
Bajaj Finance	Financial Services & Real Estate	$54.5 billion
Life Insurance Corporation of India	Financial Services & Real Estate	$54.2 billion
Kotak Mahindra Bank	Banking	$43.6 billion
HCL Technologies	Information Technology	$42.8 billion
Axis Bank	Banking	$41.9 billion
Adani Enterprises	Conglomerate	$40.5 billion
Maruti Suzuki India	Automotive	$40.5 billion
Titan Company	Consumer Discretionary	$37.9 billion
Asian Paints	Consumer Discretionary	$37.1 billion
Sun Pharmaceutical	Other	$35.7 billion
NTPC Limited	Energy & Mining	$33.2 billion
Bajaj Finserv	Financial Services & Real Estate	$32.3 billion
UltraTech Cement	Industrial	$32.3 billion
DMart	Consumer Staples	$31.6 billion
Tata Motors	Automotive	$31.2 billion
Oil & Natural Gas (ONGC)	Energy & Mining	$30.5 billion
Nestlé India	Consumer Staples	$28.5 billion
Coal India	Energy & Mining	$26.3 billion
Adani Ports & SEZ	Other	$26.3 billion
Adani Green Energy	Energy & Mining	$25.6 billion
Wipro	Information Technology	$25.4 billion
Mahindra & Mahindra	Automotive	$25.2 billion
Adani Power	Energy & Mining	$24.9 billion
Powergrid Corporation of India	Energy & Mining	$24.8 billion
JSW Steel	Industrial	$24 billion
Bajaj Auto	Automotive	$20.9 billion
Hindustan Aeronautics	Other	$20.5 billion
Indian Oil	Energy & Mining	$20 billion
Tata Steel	Industrial	$19.6 billion
LTIMindtree	Information Technology	$19.5 billion
DLF	Financial Services & Real Estate	$19.3 billion
SBI Life Insurance	Financial Services & Real Estate	$17.6 billion
HDFC Life	Financial Services & Real Estate	$17.4 billion
Varun Beverages	Consumer Staples	$16.6 billion
Hindustan Zinc	Energy & Mining	$16.5 billion
Siemens India	Conglomerate	$16.4 billion
Grasim Industries	Conglomerate	$16.4 billion
Pidilite	Industrial	$15.7 billion
Power Finance Corp	Financial Services & Real Estate	$14.9 billion

In second place is India’s largest private sector bank by assets and the world’s fifth-largest bank by market capitalization, HDFC Bank. The institution employs over 177,000 people.

Furthermore, in third place is IT company Tata Consultancy Services, which provides services in cloud, cognitive business operations, consulting, and cybersecurity in 55 countries, including the U.S., Canada, China, Australia, Germany, and the United Kingdom.

In total, IT comprises six of India’s 50 biggest companies. The list also includes 16 financial and banking groups and spans other sectors such as mining and energy, automotive, and consumer staples.