Here is a list of the top 10 Indian companies based on their market capitalisation as of 7th Feb 2023:
- Reliance Industries leads the list with a market cap of ₹1,563,887 crores. It is a multinational conglomerate company headquartered in Mumbai and has businesses in various sectors such as textiles, telecommunications, retail, natural resources, and petrochemicals.
- Tata Consultancy Services (TCS) comes in second with a market cap of ₹1,266,031 crores. TCS is an IT services, business solutions, and consulting firm headquartered in Mumbai and is among the global leaders in the IT services segment.
- HDFC Bank, with a market cap of ₹921,311 crores, stands third on the list. HDFC Bank is a leader in the Indian financial and banking services firms and was the first bank in India approved by the RBI to offer financial services in the private sector.
- Infosys ranks fourth on the list with a market cap of ₹660,879 crores. It is a global leader in the IT services segment and was founded in 1981.
- Hindustan Unilever comes in fifth with a market cap of ₹620,996 crores. It is a leader in India’s FMCG segment and has been in operation for over 80 years. The company’s website claims that nine out of ten Indian houses use their products.
- ICICI Bank ranks sixth on the list with a market cap of ₹595,707 crores. ICICI Bank provides a wide range of banking products and financial services to retail and corporate customers through its group customers and a variety of channels.
- HDFC, with a market cap of ₹489,783 crores, stands seventh on the list. Housing Development Finance Corporation Limited, the Indian financial services company, is Mumbai-based, with a presence in banking, general insurance, asset management, realty, education, deposits, venture capital, and others.
- State Bank of India (SBI) ranks eighth on the list with a market cap of ₹486,703 crores. SBI is an Indian multinational, public sector banking, and financial services statutory body with headquarters in Mumbai, Maharashtra.
- ITC, with a market cap of ₹475,829 crores, comes in ninth on the list. ITC is an Indian multinational conglomerate company headquartered in Kolkata, West Bengal. It operates in various sectors such as cigarettes, hotels, paperboards, packaging, and agribusiness.
- Bharti Airtel, with a market cap of ₹447,656 crores, stands at the tenth position on the list. The company is headquartered in New Delhi and is amongst the top three mobile service providers in terms of subscribers globally.
In conclusion, market capitalisation is a vital indicator of a company’s size and is used by investors to evaluate companies and compare them with their peers. The top 10 Indian companies listed here have proven their worth and have secured their positions through their diligent work and commitment to their respective sectors.
