A few dynamic and flexible firms have emerged as leaders in their respective fields, due to the changes in the national and global economies. With their significant size, these businesses contribute to economic development in our country and also attract foreign investment. These include but are not limited to technology, finance, and consumer products; they are thus significant contributors toward making India one of the top three economies in the World.

Their Market Capitalizations are calculated as follows:

Market Cap = Current Price per Share x Total Outstanding Shares

Top 10 Indian Companies By Market Capitalization

Below are the top 10 Indian companies by market cap, along with their business operations.

Company Name	Market Cap (in Rs Lakh Crore)	Sector
Reliance Industries Ltd (RIL)	18.06	Oil Exploration and Production
TATA Consultancy Services (TCS)	14.79	Information Technology
HDFC Bank	13.25	Banking
Bharti Airtel	9.47	Telecommunications
ICICI Bank	9.12	Banking
Infosys	7.74	Information Technology
State Bank of India (SBI)	7.07	Banking
ITC	6.05	Consumer Goods
Hindustan Unilever (HUL)	6.05	Consumer Goods
LIC India	5.79	Insurance

1. Reliance Industries Ltd (RIL):  

Year of Foundation: 1958

Chairman & MD: Mukesh D. Ambani

Total Workforce: 347,362

One of the biggest conglomerates in India, with businesses ranging from energy, petrochemicals, retail, telecom, and e-commerce. Ranked 45th globally by Forbes.

2. Tata Consultancy Services (TCS): 

Year of Foundation: 1968

MD and CEO: K. Krithivasan

Total Workforce: 606,998

It is one of the largest IT services companies in the world with a market capitalization of Rs 11.80 trillion. TCS is an IT solutions provider with consulting and digital transformation capabilities, ranked 66th by Forbes.

3. HDFC Bank: 

Year of Foundation: 1977

MD and CEO: Sashidhar Jagdishan

Total Workforce: 213,527

The bank has a market capitalization of Rs 8.89 trillion. It offers retail and corporate banking, known for its high-tech solutions. It stands at the 128th position globally. Total number of HDFC Bank branches add up to 8,851.

4. Bharti Airtel: 

Year of Foundation: 1995

CEO: Gopal Vittal

Total Workforce: 86,900 

The company runs services in mobile, broadband, IPTV, DTH, and enterprise services in 18 countries in Asia and Africa. The huge market value of Bharti Airtel speaks to its massive network and customer base. Bharti Airtel has just recently collaborated with Alphabet, parent of Google, to test high-speed internet over laser technology for rural India.

5. ICICI Bank: 

Year of Foundation: 1994

MD and CEO: Sandeep Bakhshi

Total Workforce: 141,000

With a market cap of Rs 6.55 trillion, ICICI Bank is a private bank with vast digital banking services, which it rates high in service quality. As of 30th June, 2024, the bank has 6,587 branches in India.

6. Infosys: 

Year of Foundation: 1981

Current CEO: Salil Parekh

Total Workforce: 343,234

Infosys is one of the biggest companies by market capitalization, standing at Rs 5.33 trillion, specialising in IT services and consulting to the global clients undergoing technology-driven transformations.

7. State Bank of India (SBI): 

Year of Foundation: 1955

Chairman: Dinesh Kumar Khara

Total Workforce: 232,296

India’s largest public bank with a market capitalization of Rs 5.13 trillion, offering a bouquet of financial services, ranked 105th globally. SBI has a network of 22,542 branches across the country as of March 2024.

8. ITC:

Year of Foundation: 1910

CEO: Sanjiv Puri

Total Workforce: 24,567

ITC is a multi-business conglomerate holding diversified portfolios. From its FMCG, to the hotels, paperboards, packaging, agribusiness, and IT businesses units, it has proven diversified operations with strong brands as a basis for valuation of the market. Originated as Imperial Tobacco Company of India Limited, this entity was renamed India Tobacco Company in 1970, and later on shortened into ITC. Other products like Flama, Classmate, Sunfeast, Sunrise, Vivel, and Savlon hold immense popularity.

9. Hindustan Unilever (HUL):

Year of Foundation: 1933

CEO: Rohit Jawa

Total Workforce: 27,764

The Rs 6.32 trillion market-cap consumer goods giant produces the popular personal care and home products in India.

10. Life Insurance Corporation of India (LIC): 

Year of Foundation: 1956

CEO: Siddhartha Mohanty

Total Workforce: 98,661

LIC, with a market cap of Rs 3.79 trillion, is India’s largest life insurer, offering policies, pension plans, and ranked 10th globally among insurers.

Bottomline

The top Indian companies by market cap highlight their significant power and influence in the business world. Their impressive valuations demonstrate potential for success and growth. These leading companies have reached notable financial milestones and contributed to India’s economic development and global presence. Looking ahead, we can expect these industry leaders to continue shaping the future of Indian business.

Some Frequently Asked Questions (FAQs)

How is market capitalization calculated?

To calculate a company’s market cap, multiply the number of outstanding shares by the current market price of one share.

What is a good market capitalization?

A good market capitalization varies based on factors like the company’s financial performance, growth potential, and economic conditions. It is also relative to its industry and current market conditions.

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