Top 10 Largest Companies in India by Market Capitalisation

India’s corporate landscape is marked by dynamic growth, innovation, and global competitiveness, as reflected in its top companies by market capitalisation. From diversified conglomerates like Reliance Industries to IT powerhouses such as Tata Consultancy Services and Infosys, these firms span critical sectors including energy, banking, technology, consumer goods, and telecommunications. The top 10 largest companies in India not only showcase the country’s economic strengths but also highlight its shift toward digital transformation, sustainable development, and financial inclusion. This article explores the leading Indian companies that are shaping the nation’s economy and influencing global markets.

10 Largest Indian Companies

Source: https://companiesmarketcap.com/

1. Reliance Industries Limited (RIL) (BSE: 500325, NSE: RELIANCE) 

Notable Products/Services: Reliance Jio, Reliance Retail, Petrochemicals, Oil and Gas, Renewable Energy 

Reliance Industries Limited (RIL) is India’s largest private-sector enterprise, operating across energy, petrochemicals, telecommunications, retail, and digital services. It is a dominant player in refining and petrochemicals and has transformed India’s telecom landscape through Reliance Jio. Its retail arm, Reliance Retail, has also emerged as a market leader in grocery, fashion, and electronics segments, making Reliance an essential part of India’s consumer economy. 

Founded in 1973 by Dhirubhai Ambani, Reliance Industries was listed on the Bombay Stock Exchange in 1977. Over the decades, the company has continuously diversified and expanded. Recent strategic ventures in renewable energy, including solar and green hydrogen, reflect its commitment to driving sustainable growth and energy transition. Reliance remains at the forefront of India’s industrial and digital evolution. 

2. Tata Consultancy Services Limited (TCS) (BSE: 532540, NSE: TCS) 

Notable Products/Services: IT Services, Consulting, Business Solutions, Cloud Computing, Artificial Intelligence 

Tata Consultancy Services (TCS) is a global leader in IT services, consulting, and business solutions. It provides end-to-end IT and digital transformation services across industries such as banking, retail, healthcare, and manufacturing. TCS is known for its deep expertise in areas like cloud computing and artificial intelligence, and it partners with many Fortune 500 companies worldwide. 

Founded in 1968 as part of the Tata Group, TCS played a key role in building India’s global IT services industry. It was listed on the Bombay Stock Exchange and National Stock Exchange in 2004, marking one of India’s most successful IPOs. Today, TCS operates in over 50 countries and continues to invest in innovation and talent development, reinforcing its leadership in the global technology sector. 

3. HDFC Bank Limited (BSE: 500180, NSE: HDFCBANK) 

Notable Products/Services: Retail Banking, Wholesale Banking, Treasury, Digital Banking 

HDFC Bank is one of India’s largest private-sector banks, offering a wide array of financial services across retail and wholesale banking. It is renowned for its strong digital banking platform and customer-centric offerings, including personal and home loans, credit cards, and wealth management services. The bank plays a critical role in driving financial inclusion and digital adoption in India’s banking sector. 

Established in 1994, HDFC Bank was listed on the Bombay Stock Exchange and National Stock Exchange in 1995. Over the years, it has built an extensive branch and ATM network across India. The bank’s consistent investment in digital technologies has positioned it as a leader in India’s evolving financial landscape, and it continues to set benchmarks in banking innovation and service excellence. 

4. ICICI Bank Limited (BSE: 532174, NSE: ICICIBANK, NYSE: IBN) 

Notable Products/Services: Retail Banking, Corporate Banking, Investment Banking, Insurance 

ICICI Bank is one of India’s leading private-sector banks, providing a full suite of financial services to retail and corporate clients. The bank’s offerings include personal banking, corporate banking, investment banking, and insurance. It is a pioneer in digital banking and has built a strong presence through its mobile and internet platforms, providing convenient financial solutions across India. 

Founded in 1994 as part of the Industrial Credit and Investment Corporation of India, ICICI Bank went public on the Bombay Stock Exchange in 1997 and was listed on the New York Stock Exchange in 2000. The bank’s continuous focus on innovation and financial inclusion has contributed to its robust growth. ICICI Bank remains a key player in India’s modern banking industry. 

5. Bharti Airtel Limited (BSE: 532454, NSE: BHARTIARTL) 

Notable Products/Services: Mobile Network Services, Broadband, Digital TV, Airtel Payments Bank 

Bharti Airtel is a major player in India’s telecommunications sector, offering mobile voice and data services, broadband, digital TV, and financial services through Airtel Payments Bank. It has been instrumental in driving mobile and internet penetration across India and operates one of the largest 4G networks in the country. 

Founded in 1995 by Sunil Bharti Mittal, Bharti Airtel was listed on the Bombay Stock Exchange in 2002. The company has expanded operations across 18 countries in Asia and Africa. It continues to invest in next-generation technologies such as 5G, fibre broadband, and digital financial services, positioning itself as a leader in India’s digital economy. 

6. State Bank of India (SBI) (BSE: 500112, NSE: SBIN) 

Notable Products/Services: Retail Banking, Corporate Banking, Treasury Operations, International Banking 

State Bank of India (SBI) is the largest public-sector bank in India, offering an extensive range of banking and financial services. It serves millions of customers through its wide network of branches and ATMs across India and operates in over 30 countries globally. SBI plays a central role in India’s banking system and economic development. 

Founded in 1806 as the Bank of Calcutta, the bank was renamed State Bank of India in 1955. It was listed on the Bombay Stock Exchange in 1994. Over the years, SBI has undergone significant transformation, adopting advanced digital banking technologies to serve a new generation of customers. The bank continues to be a cornerstone of India’s financial infrastructure. 

7. Hindustan Unilever Limited (HUL) (BSE: 500696, NSE: HINDUNILVR) 

Notable Products/Services: Consumer Goods, Foods, Beverages, Personal Care Products, Home Care 

Hindustan Unilever Limited (HUL) is India’s largest consumer goods company, offering a wide portfolio of products in food, beverages, personal care, and home care segments. Its iconic brands include Dove, Lux, Surf Excel, Lipton, and many others, making it a household name across India. 

Founded in 1933 as Lever Brothers India Limited, the company became Hindustan Unilever Limited in 1956 and was listed on the Bombay Stock Exchange in the same year. Over the decades, HUL has focused on product innovation, sustainability, and consumer trust. Its deep market understanding and strong brand equity continue to drive growth and leadership in India’s fast-moving consumer goods (FMCG) sector. 

8. Infosys Limited (BSE: 500209, NSE: INFY, NYSE: INFY) 

Notable Products/Services: IT Services, Business Consulting, Outsourcing, Cloud, Artificial Intelligence 

Infosys is a global leader in IT services, business consulting, and outsourcing, providing digital transformation solutions to enterprises worldwide. Its key services include IT consulting, software development, cloud computing, and artificial intelligence-driven solutions. Infosys serves a wide range of industries such as banking, healthcare, retail, and energy. 

Founded in 1981 by N.R. Narayana Murthy and six co-founders, Infosys went public on the Bombay Stock Exchange in 1993 and was listed on the NASDAQ in 1999. The company has a global presence in over 50 countries and continues to be at the forefront of digital innovation. Infosys is known for its strong corporate governance and leadership in ethical business practices. 

9. ITC Limited (BSE: 500875, NSE: ITC) 

Notable Products/Services: Cigarettes, FMCG, Hotels, Paperboards, Packaging, Agribusiness 

ITC Limited is a diversified Indian conglomerate with business interests spanning FMCG, hotels, paperboards and packaging, agribusiness, and cigarettes. The company’s FMCG portfolio includes personal care products, packaged foods, and lifestyle brands, while its hospitality division operates premium hotels across India. 

Founded in 1910 as the Imperial Tobacco Company of India, ITC was listed on the Bombay Stock Exchange in 1954. Over the years, the company strategically diversified beyond tobacco to become a leading player in multiple industries. Its focus on sustainability, innovation, and value creation continues to strengthen its position in the Indian market. 

10. Kotak Mahindra Bank Limited (BSE: 500247, NSE: KOTAKBANK) 

Notable Products/Services: Retail Banking, Investment Banking, Asset Management, Insurance, Wealth Management 

Kotak Mahindra Bank is one of India’s leading private-sector banks, offering a full range of banking services including retail banking, corporate banking, investment banking, and wealth management. The bank is also known for its innovative digital banking solutions and customer-centric approach. 

Founded in 1985 by Uday Kotak as a financial services company, it became a full-fledged bank in 2003 after receiving a banking licence from the Reserve Bank of India. Kotak Mahindra Bank was listed on the Bombay Stock Exchange the same year. The bank’s strong focus on technology, risk management, and customer experience continues to drive its growth in India’s dynamic banking sector. 

Conclusion 

India’s corporate champions offer a telling snapshot of an economy in transition. At the top sits Reliance Industries—a sprawling empire that straddles energy, retail, telecoms, and now renewables, embodying both scale and ambition. Close behind are Tata Consultancy Services and Infosys, flagbearers of India's global IT prowess, quietly powering the digital backbones of firms from Detroit to Düsseldorf. 

Banks, too, loom large. The presence of HDFC, ICICI, and Kotak Mahindra points to a thriving private-sector financial ecosystem, one that is rapidly digitising and increasingly focused on reaching India’s vast underbanked population. Meanwhile, State Bank of India, the sole public-sector entity in the top ten, remains a pillar of stability in the nation’s financial architecture. 

Consumer-facing firms like Hindustan Unilever and ITC reflect the spending power of a growing middle class, while Bharti Airtel highlights the centrality of connectivity in a country where mobile phones often outnumber bank accounts. 

Taken together, these firms do more than dominate market indices. They chart the course of India’s economic evolution—from industrial grit to digital dexterity, from domestic dominance to global relevance. As the country eyes its next phase of growth, these corporate titans will likely remain at the vanguard—navigating complexity, capitalising on scale, and shaping the future of one of the world’s most dynamic economies.

Learn more about the biggest companies in different countries and regions around the world by reading our other articles:

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• Top-10 largest non-US companies by market capitalisation
• 10 Biggest UK-based Companies
• Africa’s Top-10: Leading Companies by Market Capitalisation
• Top 10 Largest Latin American Companies
• Economic Powerhouses: Trillion-Dollar Companies Club
• Top 10 Largest Companies in China 2024
• Top 10 Asian Companies

Also, we recommend you find out with our Trader’s Guide to the 10 Major Global Economies by GDP.

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