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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 10, 2024, Reliance Industries is the most valuable company in India, with a market cap of $194 billion. Following it are Tata Consultancy Services ($190 billion) and HDFC Bank Limited ($168 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$194 billion
2TATA CONSULTANCY SERVICES LTD.$190 billion
3HDFC BANK LIMITED$168 billion
4BHARTI AIRTEL LIMITED$113 billion
5ICICI BANK LIMITED$110 billion
6INFOSYS LIMITED$93.9 billion
7STATE BANK OF INDIA$90.24 billion
8LIFE INSURANCE CORPORATION OF INDIA$73.52 billion
9ITC LIMITED$68.55 billion
10HINDUSTAN UNILEVER LIMITED$66.47 billion
11LARSEN & TOUBRO LIMITED$63.95 billion
12HCL TECHNOLOGIES LIMITED$60.97 billion
13SUN PHARMACEUTICAL INDUSTRIES LTD.$51.08 billion
14BAJAJ FINANCE LIMITED$50.02 billion
15AXIS BANK LIMITED$42.43 billion
16NTPC LTD$42.26 billion
17KOTAK MAHINDRA BANK LIMITED$41.85 billion
18MARUTI SUZUKI INDIA LTD$41.79 billion
19ULTRATECH CEMENT LIMITED$40.13 billion
20MAHINDRA & MAHINDRA LIMITED$40.09 billion
21OIL AND NATURAL GAS CORPORATION LIMITED$38.38 billion
22WIPRO LIMITED$37.46 billion
23HINDUSTAN AERONAUTICS LIMITED$36.4 billion
24TITAN COMPANY LIMITED$36.27 billion
25POWER GRID CORPORATION OF INDIA LIMITED$36.07 billion
26TATA MOTORS LIMITED$34.66 billion
27ADANI ENTERPRISES LIMITED$33.96 billion
28SIEMENS LIMITED$32.91 billion
29ADANI PORTS & SPECIAL ECONOMIC ZONE LIMITED$32.25 billion
30BAJAJ FINSERV LTD.$30.75 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