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The Top 10 Biggest Companies in Brazil

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The Top 10 Biggest Companies in Brazil

The Top 10 Biggest Companies in Brazil

In 2009, the at-the-time emerging economies of Brazil, Russia, India, and China held their first formal summits as members of BRIC (with South Africa joining in 2010).

Together, BRICS represents 26.7% of the world’s land surface and 41.5% of its population. By GDP ranking, they’re also some of the most powerful economies in the world.

But what drives their economies? We’re highlighting the top 10 biggest companies in each country, starting with Brazil.

What Are the Biggest Public Companies in Brazil?

Brazil isn’t just one of the largest and most diverse countries in the world, it is also an economic powerhouse.

With over 213 million people, Brazil is the sixth most populous country on Earth and the largest in Latin America. It’s also the wealthiest on the continent, with the world’s 12th-largest economy.

Once a colony focused on sugar and gold, Brazil rapidly industrialized in the 20th century. Today, it is a top 10 exporter of industrial steel, with the country’s economic strength coming chiefly from natural resources and financials.

Here are Brazil’s biggest public companies by market capitalization in October 2021:

Top 10 Companies (October 2021)CategoryMarket Cap (USD)
ValeMetals and Mining$73.03B
Petróleo BrasileiroOil and Gas$69.84B
AmbevDrinks$43.87B
Itaú UnibancoFinancial$41.65B
Banco BradescoFinancial$34.16B
WEGIndustrial Engineering$29.43B
BTG PactualFinancial$25.01B
Banco Santander BrasilFinancial$24.70B
Rede D’Or Sao LuizHospital$23.79B
XP Inc.Financial$22.45B

At the top of the ranking is Vale, a metals and mining giant that is the world’s largest producer of iron ore and nickel. Also the operator of infrastructure including hydroelectricity plants, railroads, and ports, It consistently ranks as the most valuable company in Latin America.

Vale and second-ranking company Petróleo Brasileiro, Brazil’s largest oil producer, were former state-owned corporations that became privatized in the 1990s.

Finance in Brazil’s Top 10 Biggest Companies

Other than former monopolies, the top 10 biggest companies in Brazil highlight the power of the banking sector.

Five of the 10 companies with a market cap above $20 billion are in the financial industry.

They include Itaú Unibanco, the largest bank in the Southern Hemisphere, and Banco Santander Brasil, the Brazilian subsidiary of Spanish finance corp.

Another well-known subsidiary is brewing company Ambev, which produces the majority of the country’s liquors and also bottles and distributes PepsiCo products in much of Latin America. Ambev is an important piece of Belgian drink juggernaut Anheuser-Busch InBev, which is one of the world’s largest 100 companies.

Noticeably missing from the top 10 list are companies in the agriculture sector, as Brazil is the world’s largest exporter of coffee, soybeans, beef, and ethanol. Many multinational corporations have Brazilian subsidiaries or partners for supply chain access, which has recently put a spotlight on Amazon deforestation.

What other companies or industries do you associate with Brazil?

Correction: Two companies listed had errors in their market cap calculations and have been updated. All data is as of October 11, 2021.

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Maps

Mapped: Indian States with Cities Over 1 Million People

Ten Indian states—most of them from the northeast region of the country—don’t have a single city with 1 million residents.

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A cropped map of Indian states and the number of 1 million+ cities in them.

Mapped: Indian States with Cities Over 1 Million People

This was originally posted on our Voronoi app. Download the app for free on iOS or Android and discover incredible data-driven charts from a variety of trusted sources.

Slightly more than one-third of the 1.4 billion Indian population lives in an urban area. So where are the country’s most populous cities, and how are they spread across the country’s 28 states and eight union territories?

This map shows the number of Indian urban agglomerations (cities) with more than a million residents in each jurisdiction. Data for this graphic is sourced from 2024 urban agglomeration estimates in the UN World Urbanization Prospects.

Ranked: Indian States by Cities with 1M Residents

India’s Uttar Pradesh state has 10 cities with a population size of 1 million or more. It is also India’s most populous state, home to 240 million people. This makes it comparable to the size of Pakistan, the fifth most populous country in the world.

Indian StateCities with 1M Residents (2024)City Names
Uttar Pradesh10Lucknow, Kanpur, Agra, Meerut,
Varanasi, Prayagraj,
Bareilly, Aligarh,
Moradabad, Saharanpur
Kerala7Kozhikode,
Malappuram,
Thrissur, Kochi,
Thiruvananthapura,
Kannur, Kollam
Maharashtra6Mumbai, Pune,
Nagpur, Nashik,
Aurangabad, Solapur
Tamil Nadu6Chennai, Coimbatore,
Madurai, Tiruppur,
Tiruchirappalli, Salem
Gujarat4Ahmedabad, Surat,
Vadodara, Rajkot
Madhya Pradesh4Indore, Bhopal,
Jabalpur, Gwalior
Jharkhand3Jamshedpur, Ranchi,
Dhanbad
Karnataka3Bengaluru, Mysore,
Hubli-Dharwad
Punjab3Ludhiana, Amritsar,
Jalandhar
Rajasthan3Jaipur, Jodhpur, Kota
West Bengal3Kolkata, Asansol, Siliguri
Andhra Pradesh2Visakhapatnam,
Vijayawada
Chhattisgarh2Raipur, Durg-Bhilainagar
Telangana2Hyderabad, Warangal
Assam1Guwahati
Bihar1Patna
Odisha1Bhubaneswar
Uttarakhand1Dehradun
Chandigarh*1Chandigargh
Delhi*1New Delhi
Jammu & Kashmir*1Srinagar

*Union Territories. Figures rounded. Some city names may have changed since this data was published.

Further south, Kerala (7), Maharashtra (6), and Tamil Nadu (6) also have more than five cities with a million or more people.

Meanwhile, some cities, including India’s national capital, New Delhi, are either in or are themselves union territories—areas directly administered by the central government.

Ten Indian states—most of them from the country’s northeast region—don’t have a single city with 1 million residents.

All together, India has 65 cities with more than one million inhabitants. For comparison, China has 105, and the U.S. has nine.

RankCityState/Union Territory2024 Population
Estimates
1New DelhiDelhi*34M
2MumbaiMaharashtra22M
3KolkataWest Bengal16M
4BengaluruKarnataka14M
5ChennaiTamil Nadu12M
6HyderabadTelangana11M
7AhmadabadGujarat9M
8SuratGujarat8M
9PuneMaharashtra7M
10JaipurRajasthan4M
11KozhikodeKerala4M
12MalappuramKerala4M
13LucknowUttar Pradesh4M
14ThrissurKerala4M
15KochiKerala4M
16IndoreMadhya Pradesh3M
17KanpurUttar Pradesh3M
18NagpurMaharashtra3M
19CoimbatoreTamil Nadu3M
20ThiruvananthapuramKerala3M
21PatnaBihar3M
22BhopalMadhya Pradesh3M
23AgraUttar Pradesh3M
24KannurKerala2M
25VisakhapatnamAndhra Pradesh2M
26VadodaraGujarat2M
27NashikMaharashtra2M
28VijayawadaAndhra Pradesh2M
29KollamKerala2M
30RajkotGujarat2M
31LudhianaPunjab2M
32MaduraiTamil Nadu2M
33RaipurChhattisgarh2M
34MeerutUttar Pradesh2M
35VaranasiUttar Pradesh2M
36SrinagarJammu & Kashmir*2M
37TiruppurTamil Nadu2M
38JamshedpurJharkhand2M
39AurangabadMaharashtra2M
40JodhpurRajasthan2M
41RanchiJharkhand2M
42KotaRajasthan2M
43JabalpurMadhya Pradesh2M
44AsansolWest Bengal2M
45GwaliorMadhya Pradesh2M
46AllahabadUttar Pradesh2M
47AmritsarPunjab1M
48DhanbadJharkhand1M
49BareillyUttar Pradesh1M
50AligarhUttar Pradesh1M
51MoradabadUttar Pradesh1M
52MysoreKarnataka1M
53Durg-BhilainagarChhattisgarh1M
54BhubaneswarOdisha1M
55TiruchirappalliTamil Nadu1M
56ChandigarhChandigarh*1M
57SaharanpurUttar Pradesh1M
58Hubli-DharwadKarnataka1M
59GuwahatiAssam1M
60SalemTamil Nadu1M
61SiliguriWest Bengal1M
62JalandharPunjab1M
63SolapurMaharashtra1M
64WarangalTelangana1M
65DehradunUttarakhand1M

*Union Territories. Figures rounded. Some city names may have changed since this data was published.

Interestingly, three of the five most populous Indian cities (Mumbai, Kolkata, and Chennai) were villages that became key British trading outposts. As a result all three cities have a fort within their city limits which acted as protection against competing colonial interests at the time.

Finally, Uttar Pradesh—which leads the states by number of cities with 1M people—doesn’t have a single metropolis within the top 10.

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