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
| RANK | COMPANY | MARKET CAPITAL (USD DOLLAR) |
|---|---|---|
| 1 | RELIANCE INDUSTRIES LTD | $194 billion |
| 2 | TATA CONSULTANCY SERVICES LTD. | $190 billion |
| 3 | HDFC BANK LIMITED | $168 billion |
| 4 | BHARTI AIRTEL LIMITED | $113 billion |
| 5 | ICICI BANK LIMITED | $110 billion |
| 6 | INFOSYS LIMITED | $93.9 billion |
| 7 | STATE BANK OF INDIA | $90.24 billion |
| 8 | LIFE INSURANCE CORPORATION OF INDIA | $73.52 billion |
| 9 | ITC LIMITED | $68.55 billion |
| 10 | HINDUSTAN UNILEVER LIMITED | $66.47 billion |
| 11 | LARSEN & TOUBRO LIMITED | $63.95 billion |
| 12 | HCL TECHNOLOGIES LIMITED | $60.97 billion |
| 13 | SUN PHARMACEUTICAL INDUSTRIES LTD. | $51.08 billion |
| 14 | BAJAJ FINANCE LIMITED | $50.02 billion |
| 15 | AXIS BANK LIMITED | $42.43 billion |
| 16 | NTPC LTD | $42.26 billion |
| 17 | KOTAK MAHINDRA BANK LIMITED | $41.85 billion |
| 18 | MARUTI SUZUKI INDIA LTD | $41.79 billion |
| 19 | ULTRATECH CEMENT LIMITED | $40.13 billion |
| 20 | MAHINDRA & MAHINDRA LIMITED | $40.09 billion |
| 21 | OIL AND NATURAL GAS CORPORATION LIMITED | $38.38 billion |
| 22 | WIPRO LIMITED | $37.46 billion |
| 23 | HINDUSTAN AERONAUTICS LIMITED | $36.4 billion |
| 24 | TITAN COMPANY LIMITED | $36.27 billion |
| 25 | POWER GRID CORPORATION OF INDIA LIMITED | $36.07 billion |
| 26 | TATA MOTORS LIMITED | $34.66 billion |
| 27 | ADANI ENTERPRISES LIMITED | $33.96 billion |
| 28 | SIEMENS LIMITED | $32.91 billion |
| 29 | ADANI PORTS & SPECIAL ECONOMIC ZONE LIMITED | $32.25 billion |
| 30 | BAJAJ 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).
Have you read?
Revealed: Richest Countries During the Great Depression.
Revealed: Countries in Europe with the highest rates of underage drinking, 2024.
World’s Best CEOs.
World’s Best Companies.
World’s Best Business Schools.
Add CEOWORLD magazine to your Google News feed.
Follow CEOWORLD magazine headlines on: Google News, LinkedIn, Twitter, and Facebook.
Copyright 2024 The CEOWORLD magazine. All rights reserved. This material (and any extract from it) must not be copied, redistributed or placed on any website, without CEOWORLD magazine' prior written consent. For media queries, please contact: info@ceoworld.biz
