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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 July 12, 2024, Reliance Industries is the most valuable company in India, with a market cap of $256 billion. Following it are Tata Consultancy Services ($170 billion) and HDFC Bank Limited ($148 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$256 billion
2TATA CONSULTANCY SERVICES LTD.$170 billion
3HDFC BANK LIMITED$148 billion
4ICICI BANK LIMITED$104 billion
5BHARTI AIRTEL LIMITED$103 billion
6STATE BANK OF INDIA$91.57 billion
7INFOSYS LIMITED$81.97 billion
8LIFE INSURANCE CORPORATION OF INDIA$80.1 billion
9HINDUSTAN UNILEVER LIMITED$73.45 billion
10ITC LIMITED$68.61 billion
11LARSEN & TOUBRO LIMITED$59.62 billion
12BAJAJ FINANCE LIMITED$51.44 billion
13HCL TECHNOLOGIES LIMITED$49.04 billion
14AXIS BANK LIMITED$48.01 billion
15MARUTI SUZUKI INDIA LTD$47.88 billion
16OIL AND NATURAL GAS CORPORATION LIMITED$45.92 billion
17SUN PHARMACEUTICAL INDUSTRIES LTD.$45.45 billion
18TATA MOTORS LIMITED$44.85 billion
19HINDUSTAN AERONAUTICS LIMITED$44.44 billion
20KOTAK MAHINDRA BANK LIMITED$43.91 billion
21NTPC LTD$43.79 billion
22ADANI ENTERPRISES LIMITED$42.02 billion
23ULTRATECH CEMENT LIMITED$39.89 billion
24ADANI PORTS & SPECIAL ECONOMIC ZONE LIMITED$38.39 billion
25POWER GRID CORPORATION OF INDIA LIMITED$38.18 billion
26INDIAN OIL CORPORATION LIMITED$28.77 billion
27JSW STEEL LIMITED$27 billion
28JIO FINANCIAL SERVICES LIMITED$26.48 billion
29TATA STEEL LIMITED$25.27 billion
30VARUN BEVERAGES LIMITED$24.78 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