Top 10 Biggest Companies in India 2024

India is a rapidly expanding economy as it is the fifth largest economy and is growing at one of the highest rates among economies, reaching 7.2% in FY 22-23. India’s growth story is multifaceted, with diverse sectors such as manufacturing, information technology, finance, and telecommunications driving its economic growth. Labour availability, Infrastructure Development, Government initiatives and reforms are among the biggest causes for the rapidly fast growth of the Indian economy. Tesla, Micron, Foxconn and many more semiconductor companies are expected to open their manufacturing units in India.

List of the Top 10 Biggest Companies in India 

1. Reliance   

Reliance was founded in 1966 by Dhirubhai Ambani, one of India’s biggest conglomerates as it works in various sectors such as Energy, Petrochemicals, Retail, Telecommunication, Textiles, Natural Resources etc. They have a market valuation of more than $242 Billion as Reliance is the first company in India to raise funds from foreign and is also the first company to Issue an IPO. Reliance is India’s largest profitable and revenue-making company of India. There are various startups in which Reliance invested such as Haptvik, Dunzo, Clovia, Netmeds, etc., as they invested more than 7,000 Crore in Indian startups.

2. TCS

Tata Consultancy Service (TCS)  is an Indian multinational information technology (IT) service and consulting company that is a part of Tata Group they have a valuation of $173.18 Billion and it operates in 150 Locations across 46 Countries. TCS has more than 6,16,000 employees which makes it India’s largest Employer

3. HDFC Bank    

HDFC Bank or Housing Development Finance Corporation is an Indian banking financial service company it is India’s largest bank and 5 largest bank in the world with a market capitalization of $143.45 Billion. The RBI has identified the SBI, HDFC Bank, and ICICI Bank as Domestic Systemically Important Banks), which are often referred to as banks that are “too big to fail”

4. ICICI Bank   

ICICI Bank or Industrial Credit and Investment Corporation of India founded in 1994. ICICI Bank is known for its customer-centric approach, competitive interest rates and technology-advanced banking solutions. The RBI has identified the SBI, HDFC Bank, and ICICI Bank as Domestic Systemically Important Banks), which are often referred to as banks that are “too big to fail”    

5. Infosys  

Infosys is an Indian multinational IT company founded in 1981 by Narayan Murthy, Nandan Nilekani, S. D.Shibulal, K. Gopalakrishnan, Ashok Arora, K. Dinesh and N.S. Raghavan Infosys provides Business consulting, information technology and outsourcing services as it is the second largest IT Company in India with a market capitalization of  $83 Billion the company enables clients in more than 56+ Countries to stay ahead of the innovation curve and outperformance in the game and It has more than employees working within it as the Infosys biggest competitor is Reliance 

UK Prime Minister Mr Rishi Sunak’s Wife is the Daughter of Narayan Murthy who owns 0.9 stakes in Infosys. Narayana Murthy is famous for his remarks about the 70-Hour Week remarks for Indian Youth to Become a Developed Nation. 

6. Bharti Airtel 

Bharti Airtel is a Telecommunication service under Wireless and fixed line technology that was founded by Sunil Bharti Mittal in 1994 it operates in 18 Countries across South Asia and Africa and they have a valuation of $83.99 Billion Airtel is 2 largest mobile network operator as they have more than 500 Million Customers which is the 2 largest in India as its competitors with Jio        

7. LIC

LIC or Life Insurance Corporation is an Indian multinational public sector life insurance company founded in 1955 by Surendra Nath Tagore and it is one of the largest insurance companies in India They have a valuation of $70 Billion and more than $290 Million.

8. Hul    

HUL Hindustan Unilever Limited is an Indian British-owned final goods company. It has a diverse group of products such as Cleaning agents, personal care products, Water care products and Fast-moving consumer products (FMCG) and they have a valuation of $70.10 Billion. HUL is India’s largest exporter as it has been recognised as a Golden Super Star Trading House by the Government of India. Hul is also the most innovative company in India by Forbes and ranked 6th in the top list of most innovative companies in the world.

9. SBI

SBI or State Bank of India is an Indian multinational public sector bank and a financial service company with a valuation of $69.92 Billion. It has one of the largest employers in the world and has one of the largest ATM networks in India with more than 58000 ATMs The RBI has identified the SBI, HDFC Bank, and ICICI Bank as Domestic Systemically Important Banks), which are often referred to as banks that are “too big to fail”

10. ITC 

ITC or Indian Tobacco Company founded in 1910 is an Indian conglomerate company that has a presence in various industries such as FMCG, Hotels, Software, and packaging paperboards they have a valuation of $63 Billion the company has 5 segments of exports its products to 90 Countries and they are available in more than 6 Million Retail outlets. 

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Wrapping Up

There are many more companies in India as well that are achieving heights in India and rewriting the India success story and proving to the world the fact that India can not only produce Better Engineers and Scientists to the world but Indians can also create big companies that have the potential to change the world.

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