India at 75: Top 15 Indian companies by market capitalisation
- With a market cap of Rs 1,781,193 crore Reliance Industries leads the Indian companies
- Tata Consultancy Services is the second largest Indian company
- Infosys has a market cap of Rs 670,920 crore
India has come a long way since Independence and so have its stock markets. Stock market trading in India started in 1855. The Bombay Stock Exchange, now known as the BSE, the first ever stock exchange in Asia was established in 1875. The Government of India officially recognized BSE under the Securities Contract Regulation Act in 1957.
Notably India’s most valuable company, in terms of market capitalisation, went public in 1977. Market cap refers to the total market value of a company’s outstanding shares of stock. It is calculated by multiplying the total number of a company’s outstanding shares by the present market price of one share. Market cap is an important number to determine a company’s size.
Here is a list of the top 15 Indian companies by market capitalisation:
With a market cap of Rs 1,781,193 crore Reliance Industries leads the Indian companies. The Mukesh Ambani-led conglomerate is headquartered in Mumbai. It engages in a range of businesses in the textiles, telecommunications, retail, natural resources, and petrochemical sectors.
Tata Consultancy Services
With a market cap of Rs 1,244,005 crore, Tata Consultancy Services is the second largest Indian company in terms of market cap. Tata Group subsidiary TCS is an information technology (IT) services, business solutions, and consulting firm headquartered in Mumbai. TCS ranks among the global leaders in the IT segment.
In the third position with a market cap of Rs 825,207 crore, HDFC Bank is among the leaders in the Indian financial and banking services companies. Incorporated in 1994, HDFC Bank was the first bank in India approved by the RBI to offer financial services in the private sector.
Currently, Infosys has a market cap of Rs 670,920 crore, placing it in the fourth position among the top 15 Indian companies. Established in 1981, Infosys is a global leader in the IT services segment.
Hindustan Unilever Limited
Hindustan Unilever has a market cap of Rs 609,765.92 crore and is ranked fifth among the top 15 Indian firms in terms of market capitalisation. With a rich history of more than 80 years, HUL is a leader in India’s fast-moving consumer goods (FMCG) segment. According to the company’s website, on any given day, nine out of 10 houses use the company’s products.
ICICI Bank has a market cap of Rs 608,729 crore, and hence the firm is placed in the sixth position among the largest Indian firms. ICICI Bank offers a wide range of banking products and financial services to retail and corporate customers through its group customers and a variety of channels.
State Bank of India
SBI is in the seventh position with a market cap of Rs 473,584 crore. Headquartered in Mumbai, Maharashtra, SBI is an Indian multinational, public sector banking and financial services statutory body.
Housing Development Financial Corporation
The market cap of HDFC is Rs 445,398 crore and hence the company is placed in the eighth position among the 15 largest Indian companies. Based in Mumbai, HDFC is an Indian financial services company with its presence in banking, general insurance, asset management, realty, education, deposits, venture capital, and others.
At present, the Indian financial services company has a market cap of Rs 442,496 crore and is ranked ninth on the list. Bajaj Finance is focused on lending, asset management, wealth management, and insurance. Its headquarters is in Pune, Maharashtra.
Life Insurance Corporation
The market capital of LIC is Rs 431,459 crore at present and is ranked at the 10th position among the top 15 Indian companies in terms of market cap. Headquartered in Mumbai, it is India’s largest life insurance company offering a variety of life insurance plans including a range of ULIPs, pension plans, child plans, term insurance, and others.
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The market capital of Bharti Airtel is Rs 401,386 crore and is ranked at 11th position among the top 15 Indian companies. Headquartered in New Delhi, the company is amongst the top three mobile services providers in terms of subscribers, globally.
The Adani Group subsidiary has a market cap of Rs 394,884 crore. Currently, it is one of the largest private sector power transmission companies operating in India.
The Kolkata-based conglomerate has a market cap of Rs 381,940 crore. It has a diversified presence in cigarettes, hotels, paperboards & specialty papers, packaging agri-Business, packaged foods & confectionery, information technology, branded apparel personal care, stationery, safety matches, and other FMCG products.
Adani Total Gas
Adani Total Gas is in 14th position with a market cap of Rs 376,481 crore. The wholly-owned subsidiary is engaged in the business of natural gas. It is focused on developing City Gas Distribution (CGD) Networks to supply Piped Natural Gas (PNG) to the Industrial, Commercial, Domestic, and CNG to the transport sector.
The private lender has a market cap of Rs 365,576 crore at present. Headquartered in Mumbai, it offers banking and financial services in the areas of personal finance, investment banking, life insurance, and wealth management.