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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 October 8, 2024, Reliance Industries is the most valuable company in India, with a market cap of $221 billion. Following it are Tata Consultancy Services ($184 billion) and HDFC Bank Limited ($147 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$221 billion
2TATA CONSULTANCY SERVICES LTD.$184 billion
3HDFC BANK LIMITED$147 billion
4BHARTI AIRTEL LIMITED$119 billion
5ICICI BANK LIMITED$104 billion
6INFOSYS LIMITED$95.38 billion
7STATE BANK OF INDIA$81.88 billion
8HINDUSTAN UNILEVER LIMITED$79.28 billion
9ITC LIMITED$75.97 billion
10LIFE INSURANCE CORPORATION OF INDIA$70.11 billion
11HCL TECHNOLOGIES LIMITED$57.25 billion
12LARSEN & TOUBRO LIMITED$56.78 billion
13SUN PHARMACEUTICAL INDUSTRIES LTD.$54.42 billion
14BAJAJ FINANCE LIMITED$53.49 billion
15NTPC LTD$47.96 billion
16MARUTI SUZUKI INDIA LTD$46.89 billion
17TATA MOTORS LIMITED$45.3 billion
18OIL AND NATURAL GAS CORPORATION LIMITED$43.35 billion
19KOTAK MAHINDRA BANK LIMITED$42.32 billion
20AXIS BANK LIMITED$42.18 billion
21ADANI ENTERPRISES LIMITED$40.94 billion
22MAHINDRA & MAHINDRA LIMITED$40.62 billion
23BAJAJ AUTO LIMITED$38.71 billion
24ULTRATECH CEMENT LIMITED$38.53 billion
25TITAN COMPANY LIMITED$37.92 billion
26POWER GRID CORPORATION OF INDIA LIMITED$36.42 billion
27BAJAJ FINSERV LTD.$35.67 billion
28COAL INDIA LIMITED$35.25 billion
29AVENUE SUPERMARTS LIMITED$35.21 billion
30ASIAN PAINTS LIMITED$34.97 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