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Last edited March 7, 2026


The most valuable companies in India:[1][2][3][4][5][6][7][8][9][10][11][12][13][excessive citations]

2023[edit | edit source]

Top 10 companies in India in 2023] by market capitalization:[14][15][16]

Rank Company name Sector Market capitalization (Rs Lakh Cr)
1 Reliance Industries Oil exploration and production 15.66
2 TATA Consultancy Services (TCS) Information technology 12.19
3 HDFC Bank Banking 11.29
4 ICICI Bank Banking 6.54
5 Hindustan Unilever (HUL) Consumer goods 5.81
6 Infosys Information technology 5.70
7 ITC Consumer goods 5.43
8 Bharti Airtel Telecommunications 5.25
9 State Bank of India (SBI) Banking 5.18
10 Bajaj Finance Financial services 4.46

2021[edit | edit source]

Top 10 companies in India in 2021 by market capitalization:[17][15][16]

Rank Company name Market capitalization (Rs Cr)
1 Reliance Industries Limited 14,23,372.44
2 Tata Consultancy Services 12,81,372.44
3 HDFC Bank 8,44,408.61
4 Infosys 7,26,200.07
5 Hindustan Unilever 5,65,520.23
6 ICICI Bank 4,88,520.23
7 HDFC 4,88,220.23
8 State Bank of India 3,85,200.95
9 Bajaj Finance 3,71,425.80
10 Kotak Mahindra Bank 3,54,596.85
11 Bharti Airtel 3,50,592.40
12 Wipro 3,37,444.00
13 HCL Technologies 3,04,464.43
14 Asian Paints 2,87,444.99
15 ITC Limited 2,60,444.99

2021[edit | edit source]

Top 10 companies in India in 2021] by market capitalization:[17][15][16]

Rank Company name Market capitalization (Rs Cr)
1 Reliance Industries Limited 14,23,372.44
2 Tata Consultancy Services 12,81,372.44
3 HDFC Bank 8,44,408.61
4 Infosys 7,26,200.07
5 Hindustan Unilever 5,65,520.23
6 ICICI Bank 4,88,520.23
7 HDFC 4,88,220.23
8 State Bank of India 3,85,200.95
9 Bajaj Finance 3,71,425.80
10 Kotak Mahindra Bank 3,54,596.85
11 Bharti Airtel 3,50,592.40
12 Wipro 3,37,444.00
13 HCL Technologies 3,04,464.43
14 Asian Paints 2,87,444.99
15 ITC Limited 2,60,444.99

2018[edit | edit source]

Top 10 companies in India in 2018 by market capitalization. Some companies are part of a conglomerate, which makes the parent company much more valuable than its listed entities.[18]

Rank Company name Market capitalization (Rs Cr)
1 Reliance Industries Limited 6,04,372.44
2 HDFC Bank 5,16,408.61
3 HDFC 3,94,520.23
4 Infosys 3,25,200.07
5 Kotak Mahindra Bank 3,21,200.95
6 Maruti Suzuki 1,88,425.80
7 Bharti Airtel 1,58,596.85
8 Axis Bank 1,33,592.40
9 HCL Technologies 1,29,464.43

2016-17[edit | edit source]

Rank First quarter (Rs cr) Second quarter (Rs cr) Third quarter (Rs cr) Fourth quarter (Rs cr)
1 ONGC
2,95,421.07
Reliance Industries Limited
2,90,890
2 Reliance Industries Limited
2,92,735.48
ITC
2,77,498.48
3 ITC
2,85,237.07
ONGC
2,67,658.51
4 Infosys
2,48,529.34
Infosys
2,52,755.72
6 Coal India
2,44,664.38
HDFC Bank
2,48,376.55
7 State Bank of India
2,43,606.80
Coal India
2,40,021.85
8 ICICI
2,12,037.53
Sun Pharmaceutical
2,38,225.27
9 HDFC
2,02,001.90
HDFC
2,04,576.85

2017-18[edit | edit source]

Rank First quarter (Rs cr) Second quarter (Rs cr) Third quarter (Rs cr) Fourth quarter (Rs cr)
1 TCS
5,10,209.46
TCS
5,08,985.26
TCS
4,80,616
2 Reliance Industries Limited
3,25,828.41
Reliance Industries Limited
2,80,609.84
Reliance Industries Limited
3,00,000.9
3 HDFC Bank
2,69,843.63
Infosys
2,72,796.63
HDFC Bank
2,73,852.23
4 ONGC
2,64,706.86
HDFC Bank
2,69,849.59
Infosys
2,53,709
5 Coal India
2,67,245.38
ITC
2,66,078.31
Coal India
2,07,618.89
6 ITC
2,52,889.64
Sun Pharmaceutical
2,12,216.86
ONGC
2,06,957.30
7 Infosys
2,27,386.04
Coal India
2,06,355.62
Sun Pharmaceutical
1,97,341
8 Sun Pharmaceutical
2,09,594.26
ONGC
1,96,647.94
HDFC
1,99,469.29
9 HDFC
2,07,412.69
HDFC
1,92,635.31
Hindustan Unilever Limited
1,86,098.57
10 State Bank of India
2,03,417.50
State Bank of India
1,81,437.90
State Bank of India
1,74,196.71

See also[edit | edit source]

References[edit | edit source]

  1. "Top Companies In India: Top Companies in India by Market Capitalization, Top BSE Companies by Market Capitalization, Top BSE Companies". moneycontrol.com. Retrieved 2018-11-12.
  2. Shankar, Besta (July 4, 2015). "Top 10 Most Valuable Indian Companies [PHOTOS]". www.ibtimes.co.in.
  3. "Stock values from moneycontrol".
  4. "HUL".
  5. "SPI".
  6. "Infosys".
  7. "HDFC".
  8. "Reliance Industries".
  9. "VSC".
  10. "ONGC".
  11. "CIL".
  12. "Housing Development Dinance Corporation".
  13. "SBI".
  14. "Top 10 Companies In India By Market Valuation In 2024". Forbes India.
  15. 15.0 15.1 15.2 "HCL Technologies becomes 4th IT firm to hit Rs 3 trillion market-cap".
  16. 16.0 16.1 16.2 "Wipro third IT co to hit ₹4 trillion market cap".
  17. 17.0 17.1 "Top 10 Indian companies by market value in 2024 | Business Insider India". Business Insider.
  18. PTI (2017-09-03). "Aditya Birla group market valuation crosses $50 billion mark". Mint. Retrieved 2019-03-27.