Leading Companies In India By Market Capitalization You Should Know About
This article features the leading companies in India based on market capitalization, but before coming to it, let us first understand what market capitalization actually is:
Market Capitalization: Generally referred to as market cap, it denotes the size of companies. It is the total value of a company’s shares owned by stockholders. This is calculated by multiplying the market price per common share by the total number of outstanding common shares. The market cap formula is:
MC = N × P, where MC is market capitalization, N is the number of shares, and P is the price per share.
So after understanding market capitalization, let us come to our topic, i.e the largest companies based on market capitalization in India:
1) Reliance Industries Limited: Reliance, earlier known as Reliance Commercial Corporation (1958-1966) and Reliance Textile and Engineers (1966- 1973), founded by Dhirubhai Ambani with headquarters in Mumbai, is now India’s largest company. This company deals in the energy sector, petrochemicals, natural gas, retail, entertainment, telecommunications, mass media, and textiles. Right now, Mukesh Ambani is the Chairman and Managing Director of Reliance Industries Ltd with a market capitalization of 17.78 lakh crores.
2) HDFC Bank: It is an Indian Banking and Financial Services Company whose headquarters are in Mumbai. HDFC is India’s largest private sector bank as per market capitalization and comes at number ten worldwide. Keki Mistry is the interim part-time Chairman, and Sashidhar Jagdishan is the CEO of the company. It deals in private companies, insurance, and credit banking. The market capitalization of HDFC Bank is 12.46 lakh crores.
3) Bharti Airtel: Bharti Airtel is an Indian company headquartered in Mumbai. It serves in 18 countries, including Africa, Asia, and channel island. The founder of this company is Sunil Mittal. Its products are mobile telephony, fixed-line telephone, broadband, satellite television, payments bank, digital television, and OTT. The market capitalization of Bharti Airtel is 10.92 lakh crores.
4) ICICI Bank: ICICI, formerly known as Industrial Credit and Investment Corporation of India, is a multinational bank and financial services company in India with headquarters in Mumbai. At present, Pradeep Kumar Sinha is the part-time Chairman, whereas the positions of MD and CEO are being held by Sandeep Bakhshi. ICICI deals in banking, insurance, loans, asset and wealth management, stockbroking, and equity. The market capitalization of ICICI Bank is 9.56 lakh crores.
5) State Bank of India: State Bank of India, or SBI, is an Indian multinational public sector bank and financial services statutory body with headquarters in Mumbai. Currently, Shree Challa Srinivasulu Setty is the Chairman, and Kameshwar Rao Kodawanti is the CFO of the SBI. It was formed on July 1, 1955. The market capitalization of SBI is 9.39 lakh crores.
6) Tata Consultancy Services (TCS): TCS founded by J.R.D. Tata in 1958 is an Indian multinational technology company specializing in information technology and consulting. It is a part of the TATA group and operates in 46 countries with its headquarters in Mumbai. At present, Natarajan Chandrasekaran serves as the Chairman of TCS, while K. Krithivasan is the MD and CEO. The market capitalization of TCS is 7.82 lakh crores.
7) Infosys: IT company Infosys largely focuses on information technology, business consulting, and outsourcing services. Narayana Murthy, Nandan Nilekani, Kris Gopalakrishnan, S.D Shibulal, K. Dinesh, N.S Raghavan, and Ashoka Arora founded Infosys in 1981. Nandan Nilekani is currently the Chairman of Infosys, and Salil Parekh holds the positions of MD and CEO. The market capitalization of Infosys is 4.63 lakh crores.
8) Bajaj Finance: On 25 March 1987, Bajaj Finance Ltd was founded by Rahul Bajaj as a non-banking financial company that takes deposits with headquarters in Pune. Bajaj provides services in terms of lending, fixed deposits, and mutual funds. It has AAA+ rankings by Crisil, Icra, and Care, respectively, for different products, which makes it a secure and trustworthy financial company. The market capitalization of Bajaj Finance is 57,066.62 crores.
9) Larsen & Toubro (L&T): Henning Holck-Larsen and Søren Kristian Toubro in 1938 founded Larsen and Toubro in India, which deals in industrial technology, heavy industry, engineering, construction, manufacturing, power, information technology, defence, and financial services. A.M. Naik is presently the Chairman of L&T, S.N. Subrahmanyan is MD and Chairman, and R. Shankar Raman is the CFO. Its market capitalization is around ₹5.57 lakh crores.
10) Hindustan Unilever Ltd (HUL): HUL, an Indian fast-moving consumer goods company with headquarters in Mumbai, is a subsidiary of the Anglo-Dutch company Unilever. Their products include food, drinks, cleaning agents, personal care goods, and other everyday essentials. Priya Nayar is the CEO & MD of the company. The market capitalization of the HUL company is 5.09 lakh crores.
India’s biggest companies by market capitalization underscore the country’s economic strength, innovation and corporate leadership in areas such as banking, technology, telecom, energy and consumer products. These big companies are always the growth drivers, providing jobs and making a big contribution to the economic fabric of the country. As market capitalization changes over the years, these companies continue to be important measures of India’s financial progress and its global business influence.
