10 companies in india
May 24, 2024, 4:43 a.m.

Top 10 Companies in India by Market Valuation in 2024

India's dynamic and rapidly growing economy is home to some of the world's most valuable companies. These companies span various sectors, including technology, finance, and consumer goods, contributing significantly to India's economic growth. Here is a detailed analysis of the top 10 companies in India by market valuation as of March 19, 2024, providing insights into their sectors and market capitalization.

Understanding Market Valuation

What is Market Valuation?

Market valuation, or market capitalization, is the total value of all a company's shares of stock. It is calculated by multiplying the company’s current market price per share by the number of shares outstanding. This calculation provides insight into the company's value, measuring its size and success.

Importance of Market Valuation

Market valuation is a key metric for investors as it indicates a company’s market value and helps in comparing the size of different companies. A high market valuation often signifies that a company is successful and profitable, whereas a low market valuation may indicate challenges or a less thriving industry.

Top 10 Companies by Market Cap in India

1. Reliance Industries    


•    Sector: Oil Exploration and Production
•    Market Cap: INR 19.29 Lakh Crore
•    CEO: Mukesh D. Ambani
•    Year of Foundation: 1958

Reliance Industries, a conglomerate holding company, operates in various sectors, including energy, petrochemicals, textiles, natural resources, retail, and telecommunications. The company’s diverse operations and strong market presence make it the largest company in India by market cap.

Key Highlights

•    Diversified Operations: Reliance operates in multiple sectors, making it a robust and versatile company.
•    Strategic Partnerships: Deals with giants like Saudi Aramco and investments from tech giants like Google and Meta enhance its market position.
•    Innovative Ventures: The introduction of premium diesel by Reliance BP Mobility Ltd. showcases its commitment to innovation.

2. TATA Consultancy Services (TCS)


•    Sector: Information Technology
•    Market Cap: INR 14.38 Lakh Crore
•    CEO: K. Krithivasan
•    Year of Foundation: 1968

TCS, a subsidiary of the Tata Group, provides IT services, consulting, and business solutions. It is the second-largest Indian company by market capitalization, reflecting its dominance in the IT sector.

Key Highlights

•    Global Partnerships: Collaborations with National Employment Savings Trust (NEST) in the UK and Marks & Spencer for business optimization.
•    Community Engagement: Sponsorship of marathons worldwide, enhancing its global presence and brand value.

3. HDFC Bank


•    Sector: Banking
•    Market Cap: INR 11.01 Lakh Crore
•    CEO: Sashidhar Jagdishan
•    Year of Foundation: 1977

HDFC Bank, the largest private bank in India, offers a wide range of financial products and services. Its market valuation indicates robust financial performance and strong customer trust.

Key Highlights

•    Merger with HDFC Ltd.: The merger in 2023 made it the largest bank in India by market cap and the seventh largest in the world.
•    Diverse Services: Strong presence in both retail and corporate banking, providing comprehensive financial solutions.

4. ICICI Bank


•    Sector: Banking
•    Market Cap: INR 7.61 Lakh Crore
•    CEO: Sandeep Bakhshi

•    Year of Foundation: 1994

ICICI Bank is a leading private-sector bank in India, offering a variety of banking products and financial services to corporate and retail customers through multiple delivery channels and specialized subsidiaries.

Key Highlights

•    Customer-Centric Approach: Comprehensive offerings tailored to meet diverse customer needs.
•    Restored Reputation: Sandeep Bakhshi’s leadership turned around the bank's reputation and financial health.

5. Infosys


•    Sector: Information Technology
•    Market Cap: INR 6.47 Lakh Crore
•    CEO: Salil Parekh
•    Year of Foundation: 1981

Infosys is a global leader in next-generation digital services and consulting, helping clients from 46 countries navigate digital transformation. Its market valuation reflects its innovative solutions and worldwide presence.

Key Highlights

•    Global Partnerships: A $1.5 billion partnership with bp for end-to-end application services.
•    Notable Stakeholders: UK Prime Minister Rishi Sunak’s wife, Akshata Murthy, owns a stake in Infosys.

6. Bharti Airtel


•    Sector: Telecommunications
•    Market Cap: INR 6.94 Lakh Crore
•    CEO: Gopal Vittal
•    Year of Foundation: 1995

Bharti Airtel is a prominent telecommunications company operating in 18 countries across Asia and Africa. It offers a range of services including mobile voice and data, fixed lines, broadband, IPTV, DTH, and enterprise services.

Key Highlights

•    Innovative Projects: Collaboration with Alphabet to introduce high-speed internet in rural India using laser technology.
•    Wide Network: Strong presence in multiple countries, ensuring a wide customer base.

7. State Bank of India (SBI)


•    Sector: Banking
•    Market Cap: INR 6.44 Lakh Crore
•    CEO: Dinesh Kumar Khara
•    Year of Foundation: 1955

SBI is the largest public sector bank in India, offering extensive services including personal banking, agricultural banking, corporate banking, international banking, and NRI services.

Key Highlights

•    Historical Legacy: Origins dating back to 1806, becoming SBI in 1955.
•    Extensive Network: A vast network of branches and services across India.

8. Life Insurance Corporation of India (LIC)


•    Sector: Insurance
•    Market Cap: INR 5.55 Lakh Crore
•    CEO: Siddhartha Mohanty
•    Year of Foundation: 1956

LIC is the largest public insurance company in India, offering general insurance, mutual funds, asset management, exchange-traded funds, and index funds.

Key Highlights

•    Extensive Client Network: Over 13.5 lakh agents and a vast network of offices serving a wide range of clients.
•    IPO Launch: Government sold a stake in LIC through an IPO in May 2022, raising significant capital.

9. Hindustan Unilever (HUL)


•    Sector: Consumer Goods
•    Market Cap: INR 5.32 Lakh Crore
•    CEO: Rohit Jawa
•    Year of Foundation: 1933

Hindustan Unilever, a subsidiary of the British-Dutch company Unilever, offers a diverse portfolio of consumer goods including cleaning agents, water purifiers, and personal care products.

Key Highlights

•    Strong Brand Portfolio: Includes popular brands like Lux, Dove, Lipton, Vim, Kissan, Bru, Close Up, Clinic Plus, and Pond's.
•    New Leadership: Rohit Jawa recently took over as CEO, continuing the legacy of strong market performance.

10. ITC


•    Sector: Consumer Goods
•    Market Cap: INR 5.11 Lakh Crore
•    CEO: Sanjiv Puri
•    Year of Foundation: 1910

ITC is a multi-business conglomerate with a diverse portfolio including FMCG, hotels, paperboards and packaging, agri-business, and information technology.

Key Highlights

•    Diverse Operations: Operates in multiple sectors, enhancing its market stability.
•    Strong Brand Presence: Known brands under ITC include Flama, Classmate, Sunfeast, Sunrise, Vivel, and Savlon.


These top 10 companies in India by market valuation represent the pillars of the Indian economy. Their diverse operations, strategic partnerships, and innovative ventures have not only contributed to their market capitalization but also to India's position as a rapidly developing economy. Investors and stakeholders look at these companies as benchmarks of success and profitability in the Indian market.

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