In the dynamic landscape of India’s thriving economy, a select group of companies continues to dominate the market, showcasing the nation’s economic prowess on the global stage.
As of February 20, 2024, here is an overview of the top 10 companies in India, ranked by market capitalization
Reliance Industries
Unsurprisingly, Reliance Industries secures the top spot with a substantial market capitalization of 19.88 lakh crore. The conglomerate, led by visionary business magnate Mukesh Ambani, operates across diverse sectors, including petrochemicals, telecommunications, and retail, contributing significantly to India’s economic growth.
Tata Consultancy Services
TCS, a global IT services giant, claims the second position with a market capitalization of 14.71 lakh crore. Renowned for its expertise in technology and consulting, TCS plays a pivotal role in India’s presence on the global IT map.
HDFC Bank
As a leader in the banking and financial sector, HDFC Bank secures the third position with a market capitalization of 10.99 lakh crore. The bank’s robust financial services have been instrumental in India’s economic stability and growth.
ICICI Bank
ICICI Bank, a major player in India’s banking industry, holds the fourth spot with a market capitalization of 7.36 lakh crore. The bank’s extensive services contribute to the nation’s financial resilience.
Infosys
Renowned for its prowess in IT and consulting services, Infosys claims the fifth position with a market capitalization of 6.96 lakh crore. The company’s technological innovations play a vital role in shaping India’s digital future.
State Bank of India
As the nation’s largest public sector bank, SBI secures the sixth position with a market capitalization of 6.80 lakh crore. SBI’s widespread banking network is a cornerstone of India’s financial inclusivity.
Bharti Airtel
Bharti Airtel, a leading telecommunications provider, claims the seventh spot with a market capitalization of 6.74 lakh crore. The company’s role in connecting India through robust telecommunication services is pivotal in the digital age.
LIC India
LIC India, a stalwart in the insurance sector, secures the eighth position with a market capitalization of 6.58 lakh crore. The company’s role in providing financial security to millions of Indians is integral to the nation’s economic fabric.
Hindustan Unilever
As a prominent player in the consumer goods sector, Hindustan Unilever claims the ninth position with a market capitalization of 5.61 lakh crore. The company’s diverse range of household products is a household name across the country.
ITC
ITC, a diversified conglomerate with interests in FMCG, hotels, and more, rounds off the top 10 with a market capitalization of 5.08 lakh crore. ITC’s multifaceted business model contributes significantly to India’s economic landscape.