List of most valuable companies in India explained

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

2023

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

Rank	Company name	Sector	Market capitalization (Rs 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

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

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

Top 10 companies in India in 2021] by market capitalization:^{[16] [17] [18]}

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

Top 10 companies in India in 2018 by market capitalization.^[19] Some companies are part of Conglomerate (company), which makes the parent company much more valuable than its listed entities.^[20]

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

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

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

• List of largest companies in India
• List of public corporations by market capitalization
• List of largest companies by revenue

Notes and References

1. Web site: Top Companies In India: Top Companies in India by Market Capitalization, Top BSE Companies by Market Capitalization, Top BSE Companies. moneycontrol.com. 2018-11-12.
2. News: IB Times article.
3. News: Stock values from moneycontrol.
4. News: HUL.
5. News: SPI.
6. News: Infosys.
7. News: HDFC.
8. News: Reliance Industries.
9. News: VSC.
10. News: ONGC.
11. News: CIL.
12. News: Housing Development Dinance Corporation.
13. News: SBI.
14. https://www.forbesindia.com/article/explainers/top-10-companies-india-market-valuation/86307/1
15. https://www.businessinsider.in/india/news/top-10-indian-companies-by-market-value/articleshow/74577297.cms
16. https://www.businessinsider.in/india/news/top-10-indian-companies-by-market-value/articleshow/74577297.cms
17. Web site: HCL Technologies becomes 4th IT firm to hit Rs 3 trillion market-cap.
18. Web site: Wipro third IT co to hit ₹4 trillion market cap.
19. News: Top 10 Companies in India in 2018.
20. Web site: Aditya Birla group market valuation crosses $50 billion mark. PTI. 2017-09-03. Mint. en. 2019-03-27.