Being the world’s sixth-largest economy, India is one of the best countries among companies to start their business. With having nominal GDP of around USD $2.87 trillion, India is one of the major contributors to the World economy.
How India achieved this much economy?
The major reason behind the growth of the Indian economy is because of some best companies in India doing business in domestic as well as overseas. Every Indian company is working hard together with the use of advanced technologies to deliver quality and customer satisfaction with its products/services.
There is a long list of Indian companies delivering their best in the growth of the Indian economy and making India a hub of top industries. But do you about the top 10 firms in India?
Here, in this blog, we are going to discuss the top 10 companies in India and this list is prepared by our experts based on the company’s size, profits, sales, market value, share price, growth rate, etc., and ranked accordingly.
Best Companies In India
The companies we are going to discuss are also among the top brands of the world and helping India in achieving effective growth in the economy. Let’s discuss the top 10 companies in India list and know about them.
1. Reliance Industries
The first name that comes in the list of the top 10 companies in India is none other than Reliance Industries Limited. It is an Indian-based multinational company having headquartered in Mumbai. The company was founded by Dhirubhai Ambani in 1973 and is currently owned by Mukesh Ambani (the richest man in Asia).
Reliance industries own several businesses like energy, natural gas, petrochemicals, telecommunications, textiles, and mass media. It is considered as the most profitable company in India and the largest one in terms of revenue. It is also India’s largest exporter accounting for more than 8% of total exports with a value of 1, 47,755 crores in more than 100 countries.
The total revenue of Reliance Industries is around USD $68 billion (2021) and having total assets of USD $190 billion. In September 2020, RIL also becomes India’s first company to cross market capitalization of $200 billion.
The net profit of RIL in the quarter ended December 2020 was Rs.13,101 crore with a rise of 12.5%. Reliance industries contribute more than 6% of the total revenue of the Government of India from customs and excise duties making it one of the top 10 private companies in India.
2. Tata Group
Tata Group is India’s most recognized and trusted Multinational Corporation headquartered in Mumbai. It was one of the oldest industrial groups of India founded by Jamshedji Tata in 1868 and gain international recognition after purchasing several global brands. Currently, the chairman of Tata Group is Natarajan Chandrasekaran and before him, Ratan Tata was the chairman.
Some of the significant Tata affiliates are Tata Chemicals, TCS, Tata Motors, Tata Communications, Tata Consumer Products, Tata Steel, Tata Power, Tanishq, Tata Capital, TajAir, Tata Starbucks, Tata Projects Limited, Titan, and more with having existence in more than 100 countries.
The total revenue of Tata Group is around USD $106 billion (2020) with having a net worth of INR 9.3 trillion. Tata Group contributes around 4% to the Indian economy making it one of the best companies in India.
3. Indian Oil Corporation
The list of top 10 companies in India is incomplete without the name of Indian Oil Corporation Limited (IOCL). It is Indian-based oil and Gas Industry owned by the Government of India and comes under the Ministry of Petroleum and Natural Gas. It was founded in 1959 having headquartered in New Delhi and registered office in Mumbai.
The chairman of IOCL is Shrikant Madhav Vaidya and it is also ranked second in Fortune India 500 list for 2020 with a total net profit of USD $6.1 billion in the fiscal year 2020-21. The company is the largest contributor to the national exchequer with a turnover of USD $86.70 billion and a market capitalization of USD $26.21 billion in FY20.
The total revenue of IOCL is around $52 billion (2021) and total assets of around $50 billion making it one of the best companies in Delhi NCR.
4. HDFC Bank
The HDFC Bank was founded in 1994 as a subordinate of Housing Development Finance Corporation and the major person behind its foundation was Hasmukhbhai Parekh. HDFC bank is Indian-based banking and financial services provider and also the largest private sector bank by assets and market capitalization in India.
Currently, Atanu Chakraborty is the Chairman and Sashidhar Jagdishan is the CEO of HDFC Bank. On Indian stock exchanges, HDFC Bank is the 3rd largest company by market capitalization. The net profit of HDFC bank is around USD $4.5 billion in 2020 with having total revenue of $22 billion (2021). It is one of the top 10 companies in India with having total assets of USD $240 billion. In December 2020, the market capitalization of Google was around $327 Billion making it one of the best companies in Delhi NCR. The total revenue of Google is around INR 56 billion (2020) and the net profit of the year 2020 was around $51,363Million. Also checkout the best companies in Uttar Pradesh.
5. Oil and Natural Gas Corporation
ONGC is an oil and natural gas corporation owned by the Government of India under the Ministry of Petroleum and Natural Gas. It was founded in 1956 and headquartered in New Delhi. ONGC is the biggest oil and gas production and exploration company in India and produces around 71% of India’s crude and 84% of natural gas. Around 60% of the country’s total demand for crude oil is fulfilled by ONGC and that’s why, in 2010, it got the status of ‘Maharatna’.
On a survey done by GOI, ONGC ranked as the largest profit-making PSU of India in FY 2020-21 and also ranked at 7th among the top 250 global energy companies. It is one of the most valuable and best companies in India. It has several other subsidiaries like HPCL, MRPL, ONGC Videsh, and more.
The total revenue of ONGC is around USD $52 billion (2021) and the net profit for the year 2020 is around INR 134 billion. The total ‘assets’ of ONGC is around $30 billion making it one of the top 10 firms in India.
Infosys is one of the top 10 private companies in India that provides business consulting, outsourcing, and information technology services. After TCS, it is the second-largest IT-based company in India. The company was founded by N.R. Narayana Murthy with his 6 more friends in Pune and headquartered in Bangalore. In India, Infosys has 9 offices and 50 offices worldwide. Also, checkout the best companies in Noida.
In December 2020, the market capitalization of Infosys was around $72 billion making it one of the best companies in India. It also contributes about 8.36% to the Indian GDP. The total revenue of Infosys is around USD $14 billion (2021) and the net profit of the year 2020 was around INR 19,423 crore.
7. State Bank of India
SBI is a Government-owned multinational public sector bank headquartered in Mumbai. It was founded on 2nd June 1806 as a Bank of Calcutta making it the oldest bank in the Indian subcontinent. Together with banking, it also provides financial services and its chairman is Dinesh Kumar Khara.
SBI is one of the top 10 companies in India and the largest bank in India with having a market share of 23% by assets and a market share of 25% of the total loan and deposits market. It is also the 43rd biggest bank in the world and ranked 221st in the Fortune Global 500 list.
The total revenue of SBI is around USD $54 billion (2021) and the net profit in 2020 was INR 22,405 crore. In terms of total assets, SBI is the biggest company in India with having total assets of USD $680 billion.
It is one of the top 10 private companies in India that provides consulting, business process, and Information Technology services. It was founded by Mohammad Premji (father of Azim Premji) on 29 December 1945 and is headquartered in Bangalore. It has 16 offices in India and has a presence in more than 20 countries.
Wipro brings a huge revolution in the IT sector and that’s why in the IT sector, it has become one of the best companies in India. According to Fortune India 500, Wipro is the 29th largest company in India in terms of revenue. The total revenue of Wipro is around USD $9 billion (2021) and the net profit of the year 2020 was around INR 10,866 crore. The total assets of the company are around USD $12 billion.
9. ICICI Bank
ICICI Bank is an Indian financial services provider with having registered office in Gujarat and a corporate office in Mumbai. It was founded by the ‘Industrial Credit and Investment Corporation of India’ in 1994. Sandeep Bakshi is the CEO and MD of ICICI Bank. It offers a variety of banking products and financial services such as investment banking, venture capital, non-life insurance, asset management, and more. ICICI has a network of 5,275 branches in India and has a presence in more than 17 countries.
The total revenue of ICICI bank is around USD $23 billion (2021) and had a net profit in the year 2020 was around INR 20,220 crore. With having total assets of USD $220 billion and total equity of USD $21 billion, ICICI bank is one of the best companies in India.
10. HCL Technologies
HCL Technologies is an Indian multinational IT service and consulting company having headquartered in Noida, Uttar Pradesh. It is a subsidiary company of HCL group founded in 1976. The founder of HCL technologies is Shiv Nadar and has 187 offices across 50 countries. It operates across several sectors like aerospace, defense, automotive, banking, hi-tech, capital markets, and more.
With having a market capitalization of around $23 billion, ‘HCL technologies’ is one of the largest publicly traded and top 10 companies in India. Its total revenue is around USD $11 billion (2021) and the net profit for the year 2020 was INR 11,169 crore. The company contains total assets of USD $12 billion and total equity of $8.3 billion.
Market Value/Capitalization Of Indian Company
Here you can checkout the valuation or capital of all the top most Indian companies.
|S.NO.||Best Companies In India||Market Value|
|1||Reliance Industries||$200 billion|
|2||Tata Group||₹ 9.3 trillion|
|3||Indian Oil Corporation||$26.21 billion|
|4||HDFC Bank||₹ 9.01 trillion|
|5||ONGC||₹ 1,46,938 Crore|
|7||SBI||₹ 3,83,758 Crore|
|8||Wipro||₹ 3,16,557 Crore|
|9||ICICI Bank||₹ 4,56,663 Crore|
|10||HCL Technologies||₹ 2,72,723 Crore|
No doubt, India is becoming one of the best marketplaces for emerging companies and that’s why global companies are looking to do business in India. Several Indian companies are ruling the global market and boosting the economy of India. The above-discussed are the top 10 companies in India that are ruling both Indian as well as the global market. These companies are also the backbone of the Indian economy and are ready to help whenever our country faces any issue.