Market Capitalization is a prime factor when someone thinks of investing in any company. Not only for that capitalization matters a lot. So, here in this article, we have ranked the top Indian Companies by market Capitalization.
In every country, the largest companies heavily weigh on the country’s economy and many other factors. The same goes for India as well, as per the IMF, India is the seventh-largest economy in the world in terms of GDP that is worth around US$ 2.308 trillion.
Each enterprise in India strived hard for getting advanced and better in terms of quality and client satisfaction. Every organization is evaluated on various parameters like assets, sales, profits, share price, etc. and then it is ranked accordingly. Perhaps when we mention the size of the company, one of the significant aspects to look at is its market capitalization.
What is Market Capitalization?
Commonly known as market cap, it is an organization’s total dollar market value, which is known by its outstanding shares of stock. It can be calculated by using a simple formula, which is:
Market capitalization = (Current market price of 1 share)*(total number of outstanding shares)
This method is quite simple to understand as in this, you just have to know the number of outstanding shares of the company and multiply it by the present market price of each stock. This would help you in categorizing the companies in different types like large, mid, and small-cap companies.
It is a significant figure for the investors to decide the size of a company as the companies with a market cap of 29,000 crores or more are considered to be a large-cap company. A company that has stocks between Rs.8,500 crore to Rs.29,000 crores is deemed to be mid-cap, and companies with less than Rs.8,500 crore market cap are small-cap.
This must have given you an overview of how much impact does a market capitalization has. Do you know about the topmost valuable companies in India by market capitalization? Here is a list of the leading companies in India by market capitalization.
Top Companies in India by Market Capitalization
1. Reliance Industries
Reliance Industries Limited is a multinational conglomerate company. It has a market capitalization value of Rs. 10,74,351 crores, and is currently the most significant public company in India. Mr. Dhirubhai Ambani and Champaklal Damani co-founded the company in the 1960s as Reliance Commercial Corporation.
It has headquarter is in Mumbai and has a broad portfolio of businesses across various segments such as retail, textiles, telecommunications, energy, natural resources, and petrochemicals. It possesses business across India and deals in multiple companies. Mukesh Ambani is currently the chairman and director; he is the highest-paid CEO in India.
In terms of market capitalization, RIL is the largest publicly traded companies in India and is one of the most profitable companies in India.
2. Tata Consultancy Services Limited (TCS)
It is a multinational technology firm, and it’s headquartered is in Mumbai. It is operating in more than 149 locations across 46 countries; this is a subsidiary of the Tata group. It is the largest company by capitalization and is placed amongst the top 100 most valuable IT services brand worldwide.
They provide a wide range of services, which comprises application development, capacity planning, business process outsourcing, and technology education services, consulting, hardware sizing, enterprise software, payment processing, and software management. It has a market cap of Rs. 7,64,999 crores.
3. HDFC Bank
It is a banking and financial services firm in India that was incorporated in the year 1994 and had its head office in Mumbai. The first office in Worli, Mumbai, was inaugurated by the Union Finance Minister, Manmohan Singh.
In fact, it is said to be one of the largest financial and banking services provider in India. The Housing Development Finance Corporation owns the majority of it; the various services that it offers are wholesale banking, retail banking, and a wide variety of treasury services and loans for customers.
HDFC Bank has its branches in some countries outside India as well, such as Hong Kong, Dubai, and Bahrain. As per a recent report, it has more than 1, 00,000 lakh permanent employees and has around 5100 branches across 7675 cities. In aspects of assets, it is the leading private sector lender in India, which has a market capitalization value of Rs. 5,37,988 crores, with a current price of the stock at Rs. 980.60
4. Hindustan Unilever Limited (HUL)
It is a British Dutch manufacturing firm that was established in 1993 and has its headquarter in Mumbai. It deals in a variety of product ranges, which comprises food, cleaning agents, beverages, water purifiers, consumer goods, and personal care products.
In total, it has around 35 product brands in 20 categories, with over 18,500 employees. As per the data of 2018-2019, its annual sales were recorded Rs. 39,860 crores.
It is said to be one of the largest companies that are listed on the London Stock Exchange. The market capitalization value of HUL is Rs. 4,89,364 crores, with a current price of the stock at Rs. 2,082.80.
5. Housing Development Finance Corporation Limited
It was founded in 1977 and is based in Mumbai. It is one of the topmost Indian Financial services company and was initially founded as the first specialized Mortgage Company in India. Primarily it is engaged in finance for housing in India, but it also operates a bank known as HDFC. It ranks on 7th number in our list of top 25 Indian Companies by Market Capitalization
The other areas that it deals with are life and general insurance, asset management, realty, venture capital, education loans, and deposits. It has a market capitalization value of Rs. 3,03,543 crores and is one of the most valuable publicly held companies in India.
It is a multinational company that offers business consulting, outsourcing, and IT services. Infosys is said to be the second-largest Indian IT company after Tata.
The headquarters of this company is based in Bangalore and offers various services, which include software development, insurance, finance, maintenance services to firms in manufacturing and other domains.
It has branches in various parts of the world except for India, which are China, the United States, Europe, Japan, Middle East, and Australia. The market capitalization value of Infosys is Rs. 2,92,707 crores, with a current price of the stock at Rs. 787.25.
7. Bharti Airtel
With the customer base of more than 411 million customers, Airtel is a well known and reliable telecommunication services company. It was established in the year 1995 as a Public Limited Company and now has become a multinational company.
It operates in more than 20 countries of South Asia and provides various mobile services such as GSM, 3G, 4G, LTE, fixed-line broadband, and voice services depending on the country. It has its listing in both BSE and NSE and has a market capitalization value of Rs. 3,00,519 crores.
8. Kotak Mahindra Bank
This is an Indian private sector bank that was established in 1985 by Uday Kotak, and it’s headquartered in Mumbai. It is involved in various sectors such as investment banking, personal finance, life insurance, general insurance, and wealth management.
In the year 2003, Kotak Mahindra Finance Limited received a banking license from RBI. In very less time, it became the second-largest private bank in India, which has over 1300 branches across the country. It has the market capitalization value of Rs. 2,47,261 crores with the current price of the stock at Rs. 1,249.55.
It is an Indian multinational conglomerate company which has it’s headquartered in Mumbai. The full form of ITC is the Imperial Tobacco Company of India Limited that was founded in the year 1910.
This company was renamed in the year 1970, and its new name was India Tobacco Company Limited and then later to ITC Limited in the year 1974. After that, in September 2001, the dots were removed, and its new name became ITC Limited.
It works majorly in five sectors, which are hotels, paper-related products, fast-moving consumer goods, agri-business, and information technology. It has a market capitalization value of Rs. 2,30,110 crores with the current price of the shares at Rs. 187.20.
10. ICICI Bank
ICICI stands for Industrial Credit and Investment Corporation of India, it is an Indian multinational banking and financial services company. It is headquartered in Mumbai, and the registered office is in Vadodara, Gujarat.
ICICI bank provides an array of banking products and financial services for both corporate and retail customers. The services that it offers are insurance, asset management, insurance, and investment banking through specialized services.
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It has around 5000 branches and more than 14000 ATMs all over the country, and the best thing is that it has its presence in 17 countries, including India. The market capitalization value of ICICI bank is Rs. 2,14,277 crores with the current price of the stock at Rs. 330.90.
11. Maruti Suzuki
Who does not know about this brand? It is an automobile manufacturer company which was formerly known as Maruti Udyog Limited. Maruti was launched in the year 1983, and since then it has been spearheading a revolution of change. It ranks on 11th number in our list of top 25 Indian Companies by Market Capitalization
It is owned 56.21% by the Japanese car and motorcycle manufacturer Suzuki Motor Corporation. Together they produce a massive range of cars and their associated products, plus it also offers car finance, insurance, accessories, and driving schools. The market capitalization value of Maruti Suzuki is Rs. 1,66,375 crores with the current price of the stock at Rs. 5,507.
12. HCL Technologies
It is one of the best IT services companies that assist enterprises in reimagining their businesses with the digitalization. The full form of HCL is Hindustan Computers Limited; it is a multinational information technology services company.
It has a global network of R&D, delivery centers, and innovation labs plus more than 1, 49,000 ideapreneurs working in over 45 countries. Various services that HCL technology offers are-
- Business Process Outsourcing
- Services for application development
- Engineering and R&D
- Infrastructure management
Thus they aim to offer a best-in-class solution to meet customers’ business requirements and reduced risk if implementation. The market capitalization value of HCL Technologies is Rs. 1,59,427 crores with the current price of the stock at Rs. 587.
13. State Bank of India
Also known as SBI, it is multinational public sector banking and financial services statutory body. It descends from the Bank of Calcutta that was founded back in the year 1806 through the Imperial Bank of India, which then became SBI in the year 1955.
The headquarter of SBI is in Mumbai, and it is the largest bank in India, which has a market share of 23% besides the percentage of 1/4th of the total loan and deposits market.
It provides a wide range of banking services and products in India and 26 other countries. The market capitalization value of State Bank Of India is Rs. 1,56,448 crores with the current price of the stock at Rs. 175.
14. Asian Paints
It has invested more than 75 years of innovation in the paint industry; thus, it became a multinational paint company. It was incorporated in the year 1942 and has a corporate force. Asian paints is India’s number one paint company. Besides paints, it also operated globally by its subsidiaries, which are-
- Asian Paints Berger
- Apco Coatings
- SCIB Paints
- Causeway Paints
- Kadisco Asian Paints
It majorly operates in manufacturing, coatings, selling and distributing of paints, bathroom fittings, and products for home decoration and other related products.
It has a turnover of Rs.193.50 billion and has made a fantastic reputation in the professional world for growth and building shareholder equity. The market capitalization value of Asian Paints is Rs. 1,55,231 crores with the current price of the stock at Rs. 1,618.
15. Bajaj Finance
It is a subsidiary of Bajaj Finance Limited, which is developed explicitly in its Auto Finance division. They provide various services such as consumer finance, SME finance, commercial lending, and investment.
It has picked up nearly 11% stake in mobile wallet major Mobikwik for approximately Rs.225 crores and has shares worth Rs.271050 by compulsory conversion preference shares (CCPS).
They help consumers to transact digitally so that they can improve the end to end online experience. Bajaj Finance has also been regarded as the best employer of India in 2018. The market capitalization value of Bajaj Finance is Rs. 1,43,656 crores with the current price of the stock at Rs. 2,387.
16. Larsen & Toubro
You must have heard about them a lot of times, they are a significant technology, manufacturing, engineering, construction, and financial services conglomerate with global operations.
It is also well known as L&T; it is a multinational construction company. L&T maintains leadership in all its significant lines of business.
The headquarter of L&T is in Mumbai; this company is said to be one of the largest and most respected company’s in India. It was founded in the year 1983 by two Danish engineers and has manufacturing facilities in key geographic and offices in more than 30 countries. The market capitalization value of Larsen & Toubro is Rs. 1,26,218 crores with the current price of the stock at Rs. 899.
It is a leading multinational corporation that offers consulting, information technology, and business process services. They provide various services like hyper-automation, cloud, cognitive computing, analytics, robotics, and emerging technologies to help the clients adapt quickly to the digital transformation. It ranks on 17th number in our list of top 25 Indian Companies by Market Capitalization
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Wipro was founded in the year 1945 and started with its IT services and products in 1982. It has now become one of the leading companies in IT services and operates globally, with more than 175,000 employees serving clients across 6 continents. The market capitalization value of Wipro is Rs. 1,22,374 crores with the current price of the stock at Rs. 214.
18. UltraTech Cement
It is a renowned construction materials company. It is one of the largest manufacturers in India of-
- Grey cement
- Ready-mix concrete
- White cement
In fact, it is the third-largest cement producer in the world, excluding China. It operates in various countries such as India, Bahrain, United Arab Emirates, Sri Lanka, and Bangladesh. It touches the lives of more than 1.3 million in the local communities around its factories across the country.
As per 2019, it has a cement capacity of 117.35 MTPA and has become the largest manufacturer of concrete in India. The market capitalization value of UltraTech Cement is Rs. 1,09,853 crores with the current price of the stock at Rs. 3,806.
19. Axis Bank
You would be amazed to know that it is the third-largest private sector bank in India. This bank provides an array of financial services and products to customer segments covering Large and Mid Corporate, Agriculture and retail business, and MSME. They have over 4000 branches in India with 11800 ATM’s and 4917 cash recyclers.
It has also opened its branches across various countries like Singapore, UAE, Hong Kong, Sri Lanka, and Bangladesh. It offers individuals and businesses with retail and corporate banking services. The market capitalization value of Axis Bank is Rs. 1,08,026 crores with the current price of the stock at Rs. 382.
20. Oil and Natural Gas Corporation
It is an Indian multinational crude oil and natural gas corporation, which is also known as ONGC. They have registered offices in New Delhi and is a state-owned enterprise of the Government of India as it has the maximum shareholders.
They are involved in the exploration, production, and commuting of hydrocarbons. They produce almost 75% of India’s crude oil and 62% of natural gas. ONGC has a team of more than 30,000 professionals who work round the clock in challenging locations.
They have been ranked as the number one company in India for producing oil and gas. Additionally, it ranks 11th amongst the global energy majors. The market capitalization value of Oil and Natural Gas Corporation is Rs. 1,05,925 crores with the current price of the stock at Rs. 84.20.
The acronym for NTPC is National Thermal Power Corporation Limited; it is India’s largest power utility with an installed capacity of 62,110 MW. It is a public sector undertaking which produces electricity and its associated activities. It plans to become a 130 GW company by 2032.
It is committed to producing reliable power at reasonable prices in a sustainable manner by maximizing the use of multiple energy sources with advanced eco-friendly technologies.
It is the largest power generating company in India and is also into oil and gas exploration and coal mining. The market capitalization value of NTPC is Rs. 92,563 crores with the current price of the stock at Rs. 93.
22. Titan Company
You must have heard about the Titan brand a lot of times as it is a well-known company that was founded in the year 1984. It is a luxury goods company that started as a joint venture between the Tata Group and the Tamil Nadu Industrial Development Corporation (TIDCO).
Initially, they were the producer of watches that were involved in the marketing and distribution of Tommy Hilfiger and Hugo Boss watches. After a couple of years, Titan expanded the business and started with numerous business as jewelry, perfumes, and eye wears such as Sonata, Fastrack, Tanishq, and Skinn.
It is the fifth-largest integrated watch manufacturer in the world and is well known for transforming the watch and jewelry industry in India. The market capitalization value of Titan Company is Rs. 84,410 crores with the current price of the stock at Rs. 950.
23. Coal India
It is also known as CIL. Founded in November 1975 is a state-owned coal mining company. It is controlled by the Indian ministry of coal and is the leading producer of coal, which operates over 4000 coal mines and largest corporate employers.
It ranks on 23rd in our list of 25 Indian Companies by Market Capitalization. It produced 79 million tons of coal at the year of inception. It has its subsidiaries as well:
- Eastern Coalfields Limited (ECL)
- Bharat Coking Coal Limited (BCCL)
- Central Coalfields Limited (CCL)
- Western Coalfields Limited (WCL)
- South Eastern Coalfields Limited (SECL)
- Northern Coalfields Limited (NCL)
- Mahanadi Coalfields Limited (MCL)
It also has a foreign subsidiary in Mozambique, namely Coal India Africana Limitada (CIAL). The market capitalization value of Coal India is Rs. 81,348 crores with the current price of the stock at Rs. 132.00.
24. Indian Oil Corporation
Commonly known as Indian oil, is diversified, integrated energy with a presence in almost all sectors of:
- Alternative energy sources
- State of the art technologies
The list of their products is endless as they are involved in refining, pipeline transportation, and marketing of petroleum products. It not only operates in India but also has its subsidiaries in Sri Lanka, Mauritius, and the Middle East.
It is ranked 117th among the world’s largest corporate in Fortune’s Global 500 listing. It has a team of more than 33,500 employees to meet India’s energy demand effectively and efficiently. The market capitalization value of Indian Oil Corporation is Rs. 81,291 crores with the current price of the stock at Rs. 86.
25. IndusInd Bank
Started its operation in the year 1994; IndusInd is a multinational bank and financial services. It started with a capital base of 1000 million that was contributed by Indian residents and NRI’s. They provide commercial, transactional, and electronic banking products and services.
It has over 1000 branches and more than 1800 ATMs all over the country. It is specialized in retail banking services, plus it also operates its representative offices in the United Kingdom and UAE.
The bank also has a clearing status for both significant stock exchanges BSE and NSE and also for significant commodity exchanges in the country, which are NCDEX, MCX, and NMCE. The market capitalization value of IndusInd Bank is Rs. 34,220 crores with the current price of the stock at Rs. 493.40.
These were the top 25 Indian companies by market capitalization, but it can change as per the stock price changes in the future. That might change their numbers as well. The market capitalization value of Indian companies as experience a massive difference in the past because of robust growth in earnings plus better performance in the domestic market.
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Hence, it is always good to invest in them as you can earn an enormous amount of profit. You would be glad to know that companies like TCS and Reliance have been listed in the global top 100 companies for the first time. So, invest in them and earn ample of money.