Top 15 Biggest Indian Companies by Market Cap

As of 2024, the top companies in India by market capitalization represent a diverse array of industries, showcasing the robustness and variety of the Indian economy. Here’s a look at Top Companies in India by Market Capitalisation 2024.

1. Reliance Industries Limited (RIL)

Market Cap: ₹19.29 lakh crore (approx. $234 billion)
Industry: Conglomerate, Oil Exploration, and Production
Key Highlights: Reliance Industries, under the leadership of Mukesh Ambani, continues to dominate with its extensive ventures in oil, petrochemicals, retail, and telecommunications.

2. Tata Consultancy Services (TCS)

Market Cap: ₹14.38 lakh crore (approx. $174 billion)
Industry: Information Technology
Key Highlights: TCS remains a giant in the IT sector, providing services globally and leading innovations in digital and consulting solutions.

3. HDFC Bank

Market Cap: ₹11.01 lakh crore (approx. $134 billion)
Industry: Banking and Financial Services
Key Highlights: HDFC Bank, one of the largest private banks in India, expanded its reach and financial offerings significantly post its merger with HDFC Ltd. in 2023.

4. ICICI Bank

Market Cap: ₹7.61 lakh crore (approx. $93 billion)
Industry: Banking and Financial Services
Key Highlights: ICICI Bank continues to be a major player in the private banking sector, known for its comprehensive range of financial services.

5. Bharti Airtel

Market Cap: ₹6.94 lakh crore (approx. $84 billion)
Industry: Telecommunications
Key Highlights: Bharti Airtel is a key telecommunications provider in India and has expanded its operations across Asia and Africa.

6. Infosys

Market Cap: ₹6.47 lakh crore (approx. $79 billion)
Industry: Information Technology
Key Highlights: Infosys is renowned for its IT services and consultancy, maintaining a strong presence worldwide with a focus on digital transformation.

7. State Bank of India (SBI)

Market Cap: ₹6.44 lakh crore (approx. $78 billion)
Industry: Banking and Financial Services
Key Highlights: SBI is India’s largest public sector bank, offering a wide range of services across urban and rural areas.

8. Life Insurance Corporation of India (LIC)

Market Cap: ₹5.55 lakh crore (approx. $67 billion)
Industry: Insurance
Key Highlights: LIC is the largest insurance company in India, with a massive network of agents and a comprehensive range of insurance products.

9. ITC Limited

Market Cap: ₹5.35 lakh crore (approx. $65 billion)
Industry: Fast-Moving Consumer Goods (FMCG)
Key Highlights: ITC is a leader in the FMCG sector with a wide portfolio of products in personal care, food, and home care.

10. Larsen & Toubro

Market Cap: ₹5.12 lakh crore (approx. $64 billion)
Industry: Engineering Construction and Manufacturing
Key Highlights: L&T is a leader in industrial technology, heavy industry, engineering, construction.

11. Bajaj Finance

Market Cap: ₹4.50 lakh crore (approx. $45 billion)
Industry: non-banking financial company
Key Highlights: It is one of the leading non-banking financial companies (NBFCs) of India.

12. HCLTech

Market Cap: ₹3.89 lakh crore
Industry: Indian multinational information technology (IT) consulting
Key Highlights: The company has offices in 60 countries and over 225,000 employees.

13. Adani Enterprises

Market Cap: ₹3.72 lakh crore (approx. $40 billion)
Industry: Conglomerate
Key Highlights: Adani Enterprises, part of the Adani Group, has diversified interests spanning energy, logistics, and infrastructure, playing a pivotal role in India’s industrial landscape.

14. Axis Bank

Market Cap: ₹3.71 lakh crore
Industry: Banking and financial services
Key Highlights: It is India’s third largest private sector bank by assets and fourth largest by market capitalization.

15. Mahindra & Mahindra

Market Cap: ₹3.67 lakh crore
Industry: Automobile manufacturing, Mahindra Tractors
Key Highlights: M&M is one of the largest vehicle manufacturers by production in India. Its unit, Mahindra Tractors, is the largest manufacturer of tractors in the world by volume.

These companies are not only the top by market capitalization but also are influential in shaping the economic and business landscape of India. They