India’s corporate landscape is marked by robust growth and dynamic competition, with several companies leading the charge in market valuation. As of 2024, here’s a roundup of India’s top 10 most valuable companies by market capitalization, reflecting their influence and market dominance across various sectors.
List of 10 Most Valuable Companies in India by Market Cap in 2024
| Rank | Company Name | Industry | Market Cap (US Dollar) |
| 1 | Reliance Industries | Oil & Gas Operations | $234.13 Billion |
| 2 | Tata Consultancy Services (TCS) | Information Technology | $164.75 Billion |
| 3 | HDFC Bank | Banking | $162.86 Billion |
| 4 | Bharti Airtel | Telecommunications | $101.75 Billion |
| 5 | ICICI Bank | Banking | $98.98 Billion |
| 6 | State Bank of India (SBI) | Banking | $89.64 Billion |
| 7 | LIC India | Insurance | $76.95 Billion |
| 8 | Infosys | Information Technology | $76.25 Billion |
| 9 | Hindustan Unilever (HUL) | Consumer Goods | $68.65 Billion |
| 10 | ITC Limited | Consumer Goods | $63.27 Billion |
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1. Reliance Industries
At $234.13 billion in market value as of June 2024, Reliance Industries, under Mukesh Ambani’s leadership, is India’s biggest company. It works in several industries, including retail, telecommunications, petrochemicals, and energy. Reliance Jio, the business’s telecom unit, presented new rates that significantly increased the company’s market value beyond Rs 21 lakh billion. Tech giants like Google and Meta have invested in Reliance. With partnerships with foreign companies, Reliance Retail has introduced international names to India, including Gap and its fuel venture with BP supplies improved diesel.
- Chairman & MD: Mukesh D. Ambani
- Headquarter: Mumbai
- Year of Foundation: 1958
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2. Tata Consultancy Services (TCS)
The largest provider of IT services and consulting in India is Tata Consultancy Services (TCS), a division of the Tata Group, with a $164.75 billion market valuation as of June 2024. TCS, which has its headquarters in Mumbai, offers a variety of services, such as software development, business process outsourcing, and IT consulting. Using its ValueBPSTM platform, TCS has worked with the National Employment Savings Trust (NEST) in the UK to help clients with retirement planning. TCS along with Marks & Spencer also work together to improve company operations and maximize SRD (space, scope, and display) capabilities. Around the world, including in major international cities like New York and London, TCS also sponsors marathons in places like Mumbai, Bengaluru, Kolkata, and other Indian cities.
- MD and CEO: K. Krithivasan
- Headquarter: Mumbai
- Year of Foundation: 1968
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3. HDFC Bank
HDFC is one of the top banks in the world. With the world rating of 10th largest bank in the world and the largest bank in India in terms of market capitalization. It is the largest bank in India and holds a leading position in the financial industry. HDFC is well known for its retail banking, NRI banking, Corporate, and institutional banking services. To provide better services and in-depth financial services to the users, HDFC has now merged with its sister housing finance company HDFC Ltd.
- CEO and managing director: Sashidhar Jagdishan is the highest-paid CEO in India.
- Headquarter: Mumbai
- Year of Foundation: 1977
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4. Bharti Airtel
In June 2024, Bharti Airtel, also known as Airtel, had a market value of $101.75 billion, making it one of India’s leading telecoms companies. It is present in eighteen nations in the Channel Islands, Africa, and South Asia. A wide range of services are provided by Airtel, including :
- Enterprise solutions
- IPTV
- DTH
- Fixed-line
- High-speed broadband
- Mobile voice and data
- Current CEO: Gopal Vittal
- Headquarter: New Delhi
- Year of Foundation: 1995
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5. ICICI Bank
Established in 1994, ICICI Bank offers a vast range of financial services. ICICI Bank provides services related to business, personal, corporate, and NRI banking. It provides services to millions of customers in India and abroad, well known for its Customer-friendly approach, Competitive rates, and advanced technology. The bank offers a wide range of banking and financial services, including retail banking, corporate banking, and wealth management.
- CEO: Sandeep Bakhshi
- Headquarter: Mumbai
- Year of Foundation: 1955
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6. State Bank of India (SBI)
SBI is a multinational public sector bank with 22,405 branches in India and it holds 23% market share.Wi th 233 foreign branches in 36 countries, it has a strong presence abroad. The bank offers a good range of banking and financial services, like personal banking, agricultural banking, corporate banking, international banking, and NRI services also services in loans, accounts, cards, corporate banking, investments, deposits, etc.
- CEO: Dinesh Kumar Khara
- Headquarter: Mumbai
- Year of Foundation: 1955
7. LIC India
The largest life insurance and investment company in India’s public sector is called the Life Insurance Corporation of India (LIC). With its headquarters in Mumbai and a market valuation of $76.95 billion as of June 2024, it operates widely throughout the nation. LIC offers a range of services, including asset management, mutual funds, pension plans, and life insurance.
- Current CEO: Siddhartha Mohanty
- Headquarter: Mumbai
- Year of Foundation: 1956
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8. Infosys
NR Narayana Murthy was a co-founder of Infosys Limited, a significant Indian IT services business with headquarters in Bangalore and founded in Pune. It helps clients from 46 countries traverse digital transformation by offering next-generation digital services and consulting in fields including automation, artificial intelligence, and cloud computing. As of June 2024, its market value is $76.25 billion.
- Current CEO: Salil Parekh
- Headquarter: Bangalore
- Year of Foundation: 1981
9. Hindustan Unilever (HUL)
Based in Mumbai, Hindustan Unilever (HUL) is a consumer goods business of British-Dutch ownership, with operations in India. With a market value of $68.65 billion and a powerful brand portfolio that includes Dove, Lifebuoy, Surf Excel, and other fast-moving consumer goods, HUL is among the most valuable firms in India.
- Current CEO: Rohit Jawa
- Headquarter: Mumbai
- Year of Foundation: 1933
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10. ITC Limited
With a market value of $63.27 billion, Imperial Tobacco Limited, also known as ITC Limited, is a multi-business conglomerate with its headquarters located in Kolkata. ITC, well-known for its tobacco products and cigarette brands, has been expanding its FMCG line in recent years. It now includes brands like Classmate, Sunfeast, Savlon, and others, in addition to hotels, paperboard and packaging, agribusiness, and information technology.
- Current CEO: Sanjiv Puri
- Headquarter: Kolkata
- Year of Foundation: 1910
Wrapping Up
These top 10 companies exemplify India’s economic prowess and corporate excellence, each contributing uniquely to the country’s growth story. As they navigate global challenges and capitalize on domestic opportunities, their market capitalizations serve as a barometer of their leadership, innovation, and strategic vision in the competitive Indian market.
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FAQs
What is the richest company in the world in 2024?
As of 2024, the richest companies in the world by market capitalization are:
- Microsoft: $3.342 trillion
- Apple: $3.160 trillion
- Nvidia: $2.781 trillion
Which company has no 1 market cap in India?
Reliance Industries holds the top position in India by market capitalization, valued at $234.13 Billion.
What is the most valuable brand in the world 2024?
- Apple: $1,015,900 million
- Google: $753,474 million
- Microsoft: $712,883 million
How is market valuation calculated?
Market valuation is calculated by multiplying a company’s total number of outstanding shares by the current price per share.
What constitutes a good market valuation?
A favorable market valuation differs based on factors such as the company’s financial health, growth potential, and broader economic conditions. It should also be looked at in relation to the industry and current market trends.
