As of March 8, 2024, Reliance Industries is the most valuable company in India, with a market cap of $231 billion. Following it are Tata Consultancy Services ($178 billion) and HDFC Bank Limited ($132 billion). India’s top five most valuable companies include some of the world’s most renowned brands: ICICI Bank Limited (No. 4, $92.97 billion) and State Bank Of India, Bharti Airtel Limited (No. 5, $85.21 billion).
Overall, among India’s top 10 largest companies by market capitalization, the sixth, seventh, eighth, ninth, and tenth positions are held by Infosys Limited, BHARTI AIRTEL LIMITED, Life Insurance Corporation Of India, Hindustan Unilever Limited, ITC Limited.
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
| RANK | COMPANY | MARKET CAPITAL (USD DOLLAR) | CEO | |
|---|---|---|---|---|
| 1 | RELIANCE INDUSTRIES LTD | $231 billion | Mukesh Dhirubhai Ambani | |
| 2 | TATA CONSULTANCY SERVICES LTD. | $178 billion | K. Krithivasan | |
| 3 | HDFC BANK LIMITED | $132 billion | Sashidhar Jagdishan | |
| 4 | ICICI BANK LIMITED | $92.97 billion | Sandeep Bakhshi | |
| 5 | BHARTI AIRTEL LIMITED | $85.21 billion | Gopal Vittal | |
| 6 | STATE BANK OF INDIA | $84.48 billion | Shri Dinesh Kumar Khara | |
| 7 | INFOSYS LIMITED | $80.85 billion | Salil Parekh | |
| 8 | LIFE INSURANCE CORPORATION OF INDIA | $77.16 billion | Shri. M. Jagannath | |
| 9 | HINDUSTAN UNILEVER LIMITED | $68.11 billion | Rohit Jawa | |
| 10 | ITC LIMITED | $61.47 billion | Sanjiv Puri | |
| 11 | LARSEN & TOUBRO LIMITED | $60.48 billion | S N Subrahmanyan | |
| 12 | HCL TECHNOLOGIES LIMITED | $53.76 billion | C Vijayakumar | |
| 13 | BAJAJ FINANCE LIMITED | $47.02 billion | Rajeev Jain | |
| 14 | SUN PHARMACEUTICAL INDUSTRIES LTD. | $46.47 billion | Anil Kumar Jain | |
| 15 | TATA MOTORS LIMITED | $45 billion | Natarajan Chandrasekaran | |
| 16 | ADANI ENTERPRISES LIMITED | $44.51 billion | Dr. Vinay Prakash | |
| 17 | MARUTI SUZUKI INDIA LTD | $43.91 billion | Hishahi Takeuchi | |
| 18 | OIL AND NATURAL GAS CORPORATION LIMITED | $42.57 billion | Arun Kumar Singh | |
| 19 | KOTAK MAHINDRA BANK LIMITED | $42.21 billion | Ashok Vaswani | |
| 20 | AXIS BANK LIMITED | $41.94 billion | Amitabh Chaudhry | |
| 21 | NTPC LTD | $41.21 billion | Gurdeep Singh | |
| 22 | TITAN COMPANY LIMITED | $40.84 billion | C. K. Venkataraman | |
| 23 | ADANI GREEN ENERGY LIMITED | $36.54 billion | Vneet S. Jaain | |
| 24 | ADANI PORTS & SPECIAL ECONOMIC ZONE LIMITED | $34.56 billion | Karan Adani | |
| 25 | COAL INDIA LIMITED | $34.35 billion | Pramod Agrawal | |
| 26 | TATA STEEL LIMITED | $22.81 billion | T. V. Narendran | |
| 27 | VARUN BEVERAGES LIMITED | $22.5 billion | Kapil Agarwal | |
| 28 | INDIAN RAILWAY FINANCE CORPORATION LIMITED | $22.17 billion | Shelly Verma | |
| 29 | SIEMENS LIMITED | $20.25 billion | Sunil Mathur | |
| 30 | BHARAT ELECTRONICS LIMITED | $18.58 billion | Badam RAVI |
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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