List of largest companies in India

This article lists the largest companies in India in terms of their revenue, net profit and total assets, according to the American business magazines Fortune and Forbes.

2021 Forbes list

This list is based on the Forbes Global 2000, which ranks the world's 2,000 largest publicly traded companies. The Forbes list takes into account a multitude of factors, including the revenue, net profit, total assets and market value of each company; each factor is given a weighted rank in terms of importance when considering the overall ranking. The table below also lists the headquarters location and industry sector of each company. The figures are in billions of US dollars and are for the year 2020. All 50 companies from India in the Forbes 2000 are listed.

Rank	Forbes 2000 rank	Name	Headquarters	Revenue (billions US$)	Profit (billions US$)	Assets (billions US$)	Value (billions US$)	Industry
1	55	Reliance Industries Limited	Mumbai	61.2	5.7	166.3	164.9	Conglomerate
2	110	State Bank of India	Mumbai	50.6	3.1	638.1	40.8	Banking
3	116	HDFC Bank	Mumbai	20.7	4.1	233.6	105.9	Banking
4	182	ICICI Bank	Mumbai	21.3	2.0	207.9	52.7	Banking
5	220	HDFC	Mumbai	16.2	2.4	105.0	62.4	Financials
6	322	Tata Consultancy Services	Mumbai	22.1	4.4	17.9	158.9	Infotech
7	366	Larsen & Toubro	Mumbai	17.8	2.1	42.0	25.7	Capital goods
8	447	Kotak Mahindra Bank	Mumbai	7.5	1.3	65.3	47.1	Banking
9	492	Infosys	Bangalore	13.5	2.6	14.8	77.5	Infotech
10	513	NTPC Limited	New Delhi	15.1	1.6	53.8	13.4	Utilities
11	585	Axis Bank	Mumbai	10.9	0.4	130.1	27.6	Banking
12	599	Indian Oil Corporation	New Delhi	48.9	0.7	44.8	11.4	Oil and gas
13	655	Oil and Natural Gas Corporation	New Delhi	47.3	0.1	68.8	18.2	Oil and gas
14	695	HCL Technologies	Noida	10.0	1.8	10.6	37	Infotech
15	725	Bharti Airtel	New Delhi	13.5	−2.8	45.8	39.9	Telecommunication
16	730	Power Finance Corporation	New Delhi	9.1	1.3	103.6	3.9	Financials
17	769	Wipro	Bangalore	8.3	1.5	11.4	35.9	Infotech
18	770	Coal India	Kolkata	12.3	1.7	21.0	10.7	Metals and mining
19	784	Tata Motors	Mumbai	30.2	−2.1	41.8	16.1	Automotive
20	792	Bharat Petroleum	Mumbai	30.0	0.5	20.6	12.1	Oil and gas
21	796	Power Grid Corporation of India	Gurgaon	5.3	1.6	35.0	14.8	Utilities
22	803	Bajaj Finserv	Pune	7.8	0.5	24.9	17.4	Financials
23	833	ITC Limited	Kolkata	6.3	1.8	9.9	34.4	Consumer Goods
24	887	Grasim Industries	Mumbai	9.8	0.5	33.9	12.0	Diversified
25	909	Bank of Baroda	Vadodara	11.9	0.4	167.4	4.7	Banking
26	928	JSW Steel Ltd	Mumbai	9.5	0.5	17.4	20.1	Iron and steel
27	939	Tata Steel	Kolkata	18.2	−0.1	33.1	14.3	Iron and steel
28	1043	Punjab National Bank	New Delhi	12.0	0.1	174.7	4.9	Banking
29	1069	Canara Bank	Bangalore	11.5	−0.2	156.3	3.0	Banking
30	1117	Hindalco Industries	Mumbai	16.3	0.3	25.0	11.2	Metals and mining
31	1124	Union Bank of India	Mumbai	10.0	−0.2	142.8	3.0	Banking
32	1197	Mahindra & Mahindra	Mumbai	11.0	−0.1	24.3	13.7	Automotive
33	1296	Vedanta Limited	Mumbai	10.7	−1.0	24.7	11.6	Metals and mining
34	1377	GAIL	New Delhi	8.0	1.1	10.3	8.3	Oil and gas
35	1392	Bank of India	Mumbai	6.6	−0.2	98.6	3.1	Banking
36	1489	Adani Ports & SEZ Limited	Ahmedabad	1.6	0.5	9.7	20.6	Shipping
37	1514	Indian Railway Finance Corporation	New Delhi	2.0	0.5	36.5	3.8	Financials
38	1536	Asian Paints	Mumbai	2.7	0.4	2.4	34.4	Chemicals
39	1551	Indian Bank	Chennai	5.6	0.2	79.5	1.6	Banking
40	1587	Steel Authority of India	New Delhi	8.4	0.5	16.6	5.1	Iron and steel
41	1620	Bajaj Auto	Pune	3.5	0.6	4.0	14.2	Automotive
42	1626	Rajesh Exports	Bangalore	32.6	0.1	4.1	2.0	Gems and jewellery
43	1643	Tech Mahindra	Pune	5.1	0.6	5.2	13.2	Infotech
44	1710	IndusInd Bank	Mumbai	4.8	0.3	45.0	8.8	Banking
45	1880	Ruchi Soya	Indore	1.9	1.1	1.0	2.6	Food processing
46	1919	Sun Pharmaceutical	Mumbai	4.5	0.3	9.2	20.8	Pharmaceuticals
47	1924	LIC Housing Finance	Mumbai	2.7	0.4	29.7	2.7	Financials
48	1945	Vodafone Idea Limited	Mumbai	5.9	−6.6	28.8	3.4	Telecommunication
49	1958	Central Bank of India	Mumbai	3.6	−0.2	49.6	1.4	Banking
50	1967	DMart	Mumbai	3.1	0.2	1.7	25.4	Retail

2019 Fortune list

The 50 largest companies by revenue in 2019 according to the Fortune Indian 500.

Rank	Name	Industry	Revenue (in ₹ Crore)	Revenue growth	Profits (in ₹ Crore)	Headquarters	State Controlled
1	Indian Oil Corporation	Oil and gas	424,321	13.2%	22,189	New Delhi	Y
2	Reliance Industries Limited	Oil and gas	410,295	28.2%	36,075	Mumbai
3	Oil and Natural Gas Corporation	Oil and gas	333,143	11.0%	22,106	New Delhi	Y
4	State Bank of India	Banking	306,528	2.6%	−4,556	Mumbai	Y
5	Tata Motors	Automotive	301,175	7.9%	8,989	Mumbai
6	Bharat Petroleum	Oil and gas	238,638	13.7%	9,009	Mumbai	Y
7	Hindustan Petroleum	Oil and gas	221,693	13.4%	7,218	Mumbai	Y
8	Rajesh Exports	Gems and jewellery	187,748	22.5%	1,266	Bangalore
9	Tata Steel	Iron and steel	147,192	25.3%	13,434	Kolkata
10	Coal India	Metals and mining	132,897	5.3%	7,020	Kolkata	Y
11	Tata Consultancy Services	Infotech	126,745	3.6%	25,826	Mumbai
12	Larsen & Toubro	Capital goods	122,743	10.6%	7,370	Mumbai
13	Hindalco Industries	Metals and mining	120,428	15.5%	6,083	Mumbai
14	ICICI Bank	Banking	118,969	4.9%	7,712	Mumbai
15	Vedanta Resources	Metals and mining	102,192	30.8%	10,342	London, UK
16	HDFC Bank	Banking	101,344	17.6%	18,510	Mumbai
17	Mahindra & Mahindra	Automotive	96,377	12.2%	7,510	Mumbai
18	NTPC Limited	Utilities	90,144	7.7%	10,544	New Delhi	Y
19	Bharti Airtel	Telecommunication	86,704	13.0%	1,099	New Delhi
20	Maruti Suzuki India	Automotive	81,978	15.6%	7,880	New Delhi
21	Infosys	Infotech	73,762	3.1%	16,029	Bangalore
22	Nayara Energy	Oil and gas	73,015	10.7%	576	Mumbai
23	HDFC	Financials	72,596	18.9%	16,255	Mumbai
24	JSW Steel Ltd	Iron and steel	70,148	22.6%	6,214	Mumbai
25	Axis Bank	Banking	58,477	1.5%	456	Mumbai	Y
26	Steel Authority of India	Iron and steel	57,626	28.8%	−281	New Delhi	Y
27	Punjab National Bank	Banking	57,608	0.7%	−12,130	New Delhi	Y
28	Grasim Industries	Diversified	57,273	54.9%	2,679	Mumbai
29	Wipro	Infotech	56,986	1.6%	8,003	Bangalore
30	Motherson Sumi Systems	Automotive	56,839	32.7%	1,597	Noida
31	GAIL	Oil and gas	55,503	11.6%	4,799	New Delhi	Y
32	Bank of Baroda	Banking	54,048	3.1%	−1,887	Vadodara	Y
33	HCL Technologies	Infotech	51,695	6.3%	8,721	Noida
34	MRPL	Oil and gas	50,209	8.9%	1,993	Mangalore	Y
35	Canara Bank	Banking	48,743	1.2%	−3,951	Bangalore	Y
36	ITC Limited	Consumer goods	44,674	1.6%	11,271	Kolkata
37	Bank of India	Banking	44,158	4.8%	−5,961	Mumbai	Y
38	General Insurance Corporation of India	Insurance	43,555	38.9%	3,146	Mumbai	Y
39	Kotak Mahindra Bank	Banking	38,813	14.2%	6,201	Mumbai
40	Union Bank of India	Banking	38,413	0.4%	−5,212	Mumbai	Y
41	Hindustan Unilever	Consumer goods	36,088	7.1%	5,214	Mumbai
42	Vodafone India	Telecommunication	34,855	18.9%	7,766	Mumbai
43	Tata Power	Utilities	33,213	12.8%	2,477	Mumbai
44	Chennai Petroleum Corporation	Oil and gas	33,187	20.0%	927	Chennai	Y
45	Hero MotoCorp	Automotive	33,141	12.9%	3,720	New Delhi
46	Tech Mahindra	Infotech	32,190	7.6%	3,800	Pune
47	UltraTech Cement	Cement	32,106	23.7%	2,222	Mumbai
48	Petronet LNG	Oil and gas	30,949	23.9%	2,110	New Delhi	Y
49	Power Grid Corporation of India	Utilities	30,908	16.1%	8,198	Gurgaon	Y
50	Bajaj Finserv	Financials	30,599	24.9%	2,741	Pune

See also

• Fortune India 500
• List of companies of India
• List of largest employers in India
• List of largest companies by revenue
• List of public sector undertakings in India