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CEOWORLD magazine - Latest - Banking and Finance - India’s Largest Companies by market capitalization, 2024

Banking and Finance

India’s Largest Companies by market capitalization, 2024

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As of December 20, 2024, Reliance Industries is the most valuable company in India, with a market cap of $184 billion. Following it are Tata Consultancy Services ($182 billion) and HDFC Bank Limited ($161 billion).

Which one is the most valuable in India by market cap? This list comprises the biggest companies currently in India by market cap in 2024:

India’s Largest Companies by market capitalization, 2024

RANKCOMPANYMARKET CAPITAL (USD DOLLAR)
1RELIANCE INDUSTRIES LTD$184 billion
2TATA CONSULTANCY SERVICES LTD.$182 billion
3HDFC BANK LIMITED$161 billion
4BHARTI AIRTEL LIMITED$112 billion
5ICICI BANK LIMITED$107 billion
6INFOSYS LIMITED$94.71 billion
7STATE BANK OF INDIA$87.33 billion
8ITC LIMITED$68.58 billion
9LIFE INSURANCE CORPORATION OF INDIA$67.26 billion
10HINDUSTAN UNILEVER LIMITED$65.15 billion
11HCL TECHNOLOGIES LIMITED$61.56 billion
12LARSEN & TOUBRO LIMITED$59.97 billion
13SUN PHARMACEUTICAL INDUSTRIES LTD.$51.4 billion
14BAJAJ FINANCE LIMITED$50.24 billion
15KOTAK MAHINDRA BANK LIMITED$41.16 billion
16MARUTI SUZUKI INDIA LTD$40.47 billion
17AXIS BANK LIMITED$40.3 billion
18ULTRATECH CEMENT LIMITED$39.52 billion
19MAHINDRA & MAHINDRA LIMITED$39.49 billion
20NTPC LTD$38.44 billion
21WIPRO LIMITED$38.4 billion
22OIL AND NATURAL GAS CORPORATION LIMITED$35.75 billion
23POWER GRID CORPORATION OF INDIA LIMITED$35.15 billion
24TITAN COMPANY LIMITED$35 billion
25HINDUSTAN AERONAUTICS LIMITED$34.46 billion
26ADANI ENTERPRISES LIMITED$32.81 billion
27TATA MOTORS LIMITED$32.19 billion
28SIEMENS LIMITED$31.93 billion
29ADANI PORTS & SPECIAL ECONOMIC ZONE LIMITED$30.58 billion
30BAJAJ FINSERV LTD.$29.77 billion

Market capitalization, commonly known as market cap, refers to the total market value of a company’s outstanding shares. It is calculated by multiplying the current stock price by the total number of shares outstanding. For example, if a company has 2.34 billion shares outstanding and its stock price is $66.66 per share, its market cap would be $156 billion (2,340,000,000 x $66.66). Investors often use the market cap as a quick estimate of a company’s overall value and as a factor in determining whether to buy a stock. Stocks are often categorized by market cap: mega-cap ($100 billion-plus), large-cap ($10 billion-$100 billion), mid-cap ($2 billion-$10 billion), small-cap ($300 million-$2 billion), and micro-cap (less than $300 million).

 

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CEOWORLD magazine - Latest - Banking and Finance - India’s Largest Companies by market capitalization, 2024
Despina Wilson
I am a senior editor and data journalist at CEOWORLD magazine. My job involves using infographics to report on news topics related to business and policy, with a global perspective. I hold a master's degree in journalism and have worked for newspapers and reporting projects in both the US and the UK, giving me a unique transatlantic perspective. I believe that data can enhance coverage of all news topics. As a contributor, I plan cover a wide range of issues, such as gender equality, climate change, labor, and immigration, using relevant statistics and insightful visualizations.

Email: despina@ceoworld.biz