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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 February 4, 2025, Reliance Industries is the most valuable company in India, with a market cap of $182 billion. Following it are Tata Consultancy Services ($169 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$182 billion
2TATA CONSULTANCY SERVICES LTD.$169 billion
3HDFC BANK LIMITED$148 billion
4BHARTI AIRTEL LIMITED$114 billion
5ICICI BANK LIMITED$102 billion
6INFOSYS LIMITED$88.75 billion
7STATE BANK OF INDIA$78.09 billion
8HINDUSTAN UNILEVER LIMITED$65.98 billion
9ITC LIMITED$65.37 billion
10LIFE INSURANCE CORPORATION OF INDIA$60.38 billion
11BAJAJ FINANCE LIMITED$59.88 billion
12HCL TECHNOLOGIES LIMITED$52.73 billion
13LARSEN & TOUBRO LIMITED$51.97 billion
14SUN PHARMACEUTICAL INDUSTRIES LTD.$48.02 billion
15MARUTI SUZUKI INDIA LTD$47.51 billion
16KOTAK MAHINDRA BANK LIMITED$43.1 billion
17MAHINDRA & MAHINDRA LIMITED$40.68 billion
18WIPRO LIMITED$37.7 billion
19ULTRATECH CEMENT LIMITED$37.03 billion
20TITAN COMPANY LIMITED$36.55 billion
21OIL AND NATURAL GAS CORPORATION LIMITED$36.02 billion
22AXIS BANK LIMITED$35.23 billion
23NTPC LTD$34.71 billion
24BAJAJ FINSERV LTD.$32.9 billion
25POWER GRID CORPORATION OF INDIA LIMITED$30.35 billion
26ADANI ENTERPRISES LIMITED$30.02 billion
27AVENUE SUPERMARTS LIMITED$29.54 billion
28TATA MOTORS LIMITED$29.1 billion
29BAJAJ AUTO LIMITED$28.67 billion
30HINDUSTAN AERONAUTICS LIMITED$27.14 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