Whether you are a student of Economy subject or not, you definitely know how a business can help the country to achieve a better place in the world economy. A business is responsible for the country’s GDP growth. Today, India is competing with the superpower countries with the help of its top companies. There are many top companies in India, right not but we will stick to only the top 10 companies in India. We have seen a dramatic change in our country’s economy.
As a developing country, India is now exporting its products to other countries. We have got some recognition in the upper level. The country has always been a friendly environment for doing business. Be it Tata or Reliance or any small companies, all are dedicated to spreading their business to the international level, and that’s quite an achievement. These top 10 companies in India are very significant entities by which the country is growing. If there are no businesses or such companies, there will be an obstacle to a country’s growth.
Today, there have been different sectors for different products. Some companies are related to ITs, telecommunication, or textiles, whereas others might be conglomerate companies, which means they have many subsidiaries for specific sectors. Do you know some top companies do billions of dollars’ transactions every month? They earn massive revenue from it. According to the International Monetary Fund (IMF), India is the 6th largest economy in terms of GDP. So, it’s important to cherish those companies so that the country reaches new heights. This is possible because of the top companies in India. Not only top companies but the small and mid-cap companies also help at a comparative level.
This article is purely based on extensive research and effort to find the minute details of these top 10 companies in India. Since the market cap is a vital characteristic of a business, it helps investors to make an informed decision about the investment. Let’s see the top companies in India in terms of the market cap. Stick to it to get the detail on how these companies are helping the country.
Top Companies in India
1. Reliance Industries Ltd.
Who hasn’t heard this name? From a kid to an old, everybody is familiar with the name of Reliance. This is not only a name but an inspiration to many because of the company’s rag to riches story. The company is specialized in many sectors. This is why they have got a conglomerate tag. With the market capitalization of Rs 14, 20, 338 Crores, the company is considered the history creator.
This multinational company scatters many businesses such as textiles, telecommunication, natural resources, retail, energy, petrochemical, and also entertainment sectors. Founded in 1960 by Dhirubhai Ambani and Champaklal Damani, the whole industry is currently running by Mukesh Ambani. The brand has been one of the most profitable brands in India as well as the world. They deal with other foreign countries also with extreme diligence. Their hard work and innovative strategies for business have made them one of the top companies in India.
Because of this single company, the government earns a considerable tax from the company. They have been in the business for a long time, and it’s rapidly growing for the future. Currently, they have 2, 36, 334 employees. Their head office is situated in Mumbai, Maharashtra. Reliance is the first Indian company that crossed $200 billion market capitalization. Fortune Global 500 tagged the company as the 96th world’s most enormous corporation as of 2020. The company is the largest exporter also.
2. Tata Consultancy Services
Whenever a student completes his graduation on a computer-related subject, he heads towards Tata Consultancy Services. In our list of the top 10 companies in India, Tata Consultancy Services has been a big name with a market capitalization of 169.2 billion dollars. Because of the boom in the IT sector, this company has also got a boost. This is the largest IT company in the world as of 2021. Founded in 1968, the company is headed by the Tata Group. Their head office is situated in Mumbai, Maharashtra. Their products include outsourcing, consulting, and management.
TCS is one of the few IT companies that became the first company to cross $100 billion market capitalization. This is the 2nd largest company by market capitalization after Reliance Industries Ltd. The company was ranked 11th on the Fortune India 500 list. They are operating in 149 locations along with 46 countries across the world. This is one of the top companies in India that deals with only technology. Being a valuable IT company around the globe, TCS was ranked 64th on Forbes World’s Most Innovative Companies.
3. HDFC Bank
Now come to a different sector which is Banking and Finance. This name has been very much familiar to the Indian family. To grow more in the future, a company has to take care of the quality and customers’ needs. This is what HDFC Bank does. By providing excellent services, they have been considered one of the top companies in India. So, our list of the top 10 companies in India has captured HDFC Bank in the 3rd position by its market cap.
Established in 1994, this is the 3rd largest company by market capitalization. Their head office is situated in Mumbai, Maharashtra. With over 1, 20, 000 employees, HDFC Bank is the 13th largest employer in India. Their products include credit cards, consumer banking, commercial baking, wealth management, investment banking, etc. Approved by RBI, the bank is the largest private sector bank by assets.
The 5,130 branches are spread across 2,764 cities across the whole country. Among many essential accolades, some of the awards are India’s Best Bank by Euromoney Awards in 2020, Top 100 Most Valuable Global Brands by BrandZ, JP Morgan Quality Recognition, and many more. This is one of the credible banks in India that has been constantly offering quality service to its customers. The market cap of HDFC Bank is 828, 341.24 crores.
4. Infosys
Another tech-related company in our list of the top 10 companies in India has significantly impacted the IT sector. The name is very familiar to many households. Infosys is yet another trustworthy, reputed name that has created history over a few years. Established in 1981 in Pune, Maharashtra, they have spread their business across the globe. Whether it is outsourcing, consulting, or management, Infosys is there. Their head office is situated in Bangalore, Karnataka.
This is the 2nd largest IT company after TCS that has a $71.92 billion market capitalization. Forbes Global 2000 tagged as the 602nd largest public company in the world. With a capital of just $250, the company is now considered one of the top companies in India. It’s really inspiring to every entrepreneur. They have now 2, 59, 619 expert employees who are constantly offering some brilliant service. The company is now a global leader in the IT sector. Their ethics, values towards business attract many of the investors. Their market cap is Rs 5, 98, 604.10 crores.
5. Hindustan Unilever Limited
Whether you are an amateur or experienced in the business field, HUL might be heard by you. This is one of the top 10 companies in India with a market cap of 5, 45, 762.50 crores. Since its inception in 1933, the company has been an essential entity in the country’s economy. Their products range from food, cleaning agents, personal care to water purifiers, skincare, etc. With 21, 000 employees, HUL is considered is one of the top companies in India. Their head office is situated in Mumbai, Maharashtra.
Though it is an Anglo-Dutch manufacturing company, the company boasts of its India users. As of 2020, they had 35 product brands in 20 categories. Some of the well-known products from the brands are Close Up, Rexona, Taj Mahal Tea, Dove, Surf Excel, Lipton, Brooke Bond, Horlicks, etc. Their R7D center is the embodiment of excellence. We all have used its products, and they have gained trustworthiness, credibility from millions of users.
6. HDFC (Housing Development Finance Corporation Ltd)
Founded in 1977, HDFC is one of the major financial providers for housing in India. This is not only related to the bank, but it’s a parent organization of HDFC Bank that deals with banking, general insurance, asset management, realty, education, venture capital, and other sectors. With a market cap of 4, 58, 768.7 crores, this company has been considered a leading financial provider in India. Today, it is one of the top 10 companies in India.
They boast of fulfilling 8 million customers’ dreams. Today, this is not only an Indian company, but they have spread their business across Asia, Africa, and East Europe also. Their ethics reflect on their business, and that is why they are one of the top companies in India. The investors find an opportunity to invest through them to generate an assured return. Their experienced management team and expert professionals are scattered into HDFC Sales, HDFC Bank, and third-party Direct Selling Associates.
Their presence is spread across 593 interconnected offices around the country and 3 representative offices in Dubai, London, and Singapore. They are still in the top position in the financial sector.
7. ICICI
Another bank that has been connected to many Indian households is ICICI. With its head office in Mumbai, Maharashtra, ICICI Bank is a multinational banking and financial services. So is one of the top 10 companies in India on our list. The bank has already been enlisted on the stock exchange. Their products include retail banking, corporate banking, investment banking, mortgage loans, wealth management, etc. With 84, 922 employees, they are serving worldwide. Their market cap is Rs 4, 45, 206.50 crores.
Also, they have a network of 5, 275 branches and 15, 589 ATMs. Their presence is in 17 countries makes other peers jealous of its achievement. ICICI Bank is considered the big four banks in India. They are spread across United States, Belgium, United Kingdom, Germany, Dubai, Malaysia, Singapore, Hong Kong, and many more places. The bank has four subsidiaries such as ICICI Prudential, ICICI Lombard, ICICI Securities, and ICICI Direct. Their credibility and customer-centric nature have made them one of the top companies in India.
8. Kotak Mahindra Bank
Though the name is a very new entity in the business, it has achieved a considerable position in the market. Founded in 2003, just a few years ago, they are now one of the top 10 companies in India. Can you imagine the country’s economy is dependent on this company? It’s really surprising that the company has achieved so many things within a decade. With a market capitalization of Rs 3, 56, 849.67 crores, KMB has been one of the premier financial institutions in India.
With a remarkable head office in Mumbai, Maharashtra, they serve their customers with personal finance, wealth management, investment banking, and life insurance. As of 2021 data, this is the 3rd largest private bank in India by market capitalization. This is also a flagship company of Kotak Mahindra Finance Ltd, which was established in 1985. They are mainly specialized in corporate and retail customers. The company was ranked 245th among the top 500 banks in the world by Banker Magazine. This achievement makes KMB one of the top companies in India.
9. State Bank of India
With a market cap of Rs 3, 76, 663.23 crores, SBI has been enlisted as one of the top 10 companies in India. Whether you are already a depositor or would-be candidate, you always hear from your family that one should open an account in SBI first. As it is a government-run banking facility, there is no way of bankrupt. Your money is always safe. Established in 1955, it has a history that dates back to 1806 after the establishment of the Bank of Calcutta. Then, the time flew, evolving with one after another bank. Finally, the Imperial Bank of India became today’s popular entity.
As of 2020 data, SBI is the 43rd largest bank in the world. It was ranked 221st in the Fortune Global 500. With nearly 2, 50, 000 employees, SBI is the 5th largest employer in India. Their products include retail banking, corporate banking, investment banking, wealth management, and many more. With a spectacular head office in Mumbai, Maharashtra, SBI is serving its customers through 22, 141 branches and 58, 555 ATMs. They have some brilliant investment options that make them one of the top companies in India.
10. Bajaj Finance
As always, last but not least, who hasn’t heard this name? The name is connected to Indian families who have taken loans. This is just an example; they are not only specialized in offering loans but asset management, wealth management, and insurance. With a market capitalization of Rs 3, 38, 589.27 crores, Bajaj Finance is one of the top companies in India in our list of the top 10 companies in India. Bajaj Finance is a part of the Bajaj Group who is spread across many businesses.
They have 20, 154 dedicated employees all across the country. Their head office is situated in Pune, Maharashtra. Now the company is spread across 1,409 locations and has been enlisted as a public traded company. Bajaj Finance was ranked 119 by The Economic Times 500 in 2014. With quality assurance and a credible manner, the company has acquired millions of users’ hearts.
Conclusion
I hope this article helped you to take a little glance at our top companies in India right now. Up to now, I hope it is clear that these top 10 companies in India are highly responsible for boosting the country’s economic level to a better position. The government is running the country because of the considerable tax they get from these companies. Massive production means more earnings for the government. A company is judged by various parameters like profit, revenue, market cap, assets, etc. Market capitalization is one of the most significant factors to consider a company as a top entity.
Nowadays, more and more companies are mushrooming because of the new generation’s entrepreneurs’ overwhelming spirit and dedication to achieve more. Who says one of the companies can be considered one of the top companies in India in the future. India is an emerging economic powerhouse that can make a huge global impact on the world economy in the future. After the independence, the country’s tremendous growth is the reason for other country’s jealousy. India has been an unstoppable country. It is expected that the country has more to give competition to other superpower countries. More companies are going to emerge with new business ideas and push the country’s economy a little higher.
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