Top 10 Indian companies by market value in 2024

India, arguably and presently, is one of the fastest-growing economies in the world thanks to corporate companies’ giants cutting across various sectors in Oil & Gas, Technology, Finance, and Fast-Moving Consumer Goods (FMCG). This article identifies the top ten companies in quantity and qualifies what sectors the firms are in, and how much they are worth.

Market capitalisation, market value or market cap measure the size of a company in terms of the stock market. It is calculated by getting the total of all stocks that a company has by total price of single share at present. Market cap is deemed as the measurement of a firm’s relevance to a market by investors or analysts. Below is the list of 10 largest Indian Companies based on market capitalization.

Top 10 Indian companies by market value in 2024

Source: Forbes’ The Global 2000
Please note: It has utilised the latest 12 months of financial data as of May 2024.

1. Reliance Industries
   Market Value: 19.29 lakh crore
   CEO: Mukesh Ambani
   Not surprisingly Reliance Industries tops the list and is currently the largest listed company in India by market capitalization. It operates in almost all sectors like energy, petrochemicals, textiles, natural resources, retail and communication. The high market value of Reliance Industries reflects its wide business strategic and the deep involvement in the market.
2. Tata consultancy services Ltd.
   Market Value: 14.38 lakh crore
   CEO: K. Krithivasan
   TCS a member of the Tata Group currently operates in the field of information technology. It provides software development, business and IT consulting and business solutions; it is the Second largest IT Company of India based on market capitalization. TCS is an industry leader within the IT sector, which can be seen by its market capitalization. In fact, this BPS has been applied when TCS has joined hands with the UK’s National Employment Savings Trust (NEST) for helping the clients in retirement planning and saving. Also, Marks & Spencer partners with TCS to improve and boost its business processes in the companies such as space, scope, and display, which is also known as SRD.
3. HDFC Bank
   Market Value: 11.01 lakh crore
   CEO: Sashidhar Jagdishan
   Today one of the biggest private bank of India known as HDFC Bank also provides different types of financial services and products. This is well defined in the retail banking as well as the corporate banking. The size of the HDFC Bank on the market indicates effective financial operations, as well as the level of customers’ confidence. This valuation also takes into account a vast number of customers and a broad list of services provided.
4. ICICI Bank
   Market Value: 7.61 lakh crore
   CEO: Sandeep Bakhshi
   ICICI Bank is among the leading nationalized bank companies situated in India that allows the corporate as well as the retail trading customer segment to avail banking products and financial services. These services are offered through different outlets among them being specialized subsidiaries. The corporate position of ICICI Bank can be determined through its large scale of services and its emphasis on the satisfactions of its consumer base.
5. Bharti Airtel
   Market Value: 6.94 lakh crore
   CEO: Gopal Vittal
   Being one of the largest telecommunication companies in the world the current coverage of Bharti Airtel is in 18 countries across Asia and Africa. It offers voice and data mobile communications, fixed and fixed wireless telecommunications, broadband, IPTV, Direct-To-Home and other carrier services. This is evidenced by Bharti Airtel’s market cap due to its strong network infrastructure together with the many customers it has. The company is even in collaboration with the Alphabet, Google’s parent firm to deliver high-speed internet via laser in rural areas of India with the help of light beams.
6. Infosys
   Market Value: 6.47 lakh crore
   CEO: Salil Parekh
   Infosys is a global leader in next-generation digital services and consulting company which helps its clients in forty-six countries to evolve into digital enterprises. Such market value demonstrating that Infosys offers innovative solutions and serves clients around the world. Infosys is IT services company which was established in 1981.
7. State Bank of India (SBI)
   Market Value: 6.44 lakh crore
   CEO: Dinesh Kumar Khara
   SBI is a big public sector bank here in India, which provides services on personal banking, agricultural banking, corporate banking interest banking and NRI banking. Its market value indicates the huge network and different services it provides to the clients.
8. LIC India
   Market Value: 5.55 lakh crore
   CEO: Siddhartha Mohanty
   LIC which is the largest public insurance company in India also deals in general insurance, mutual funds, asset management, both exchange-traded and index funds. LIC came into existence by the nationalization of 245 private Indian insurance companies under the LIC Act of 1956, today LIC catering to hundred and thousands of of clients through more than 13.5 lakh agents, 1580 satellite offices, 2048 branch offices, 113 divisional offices, 8 zonal offices and 1 central office. In The year of 2022 May it introduced IPO with the Government of India selling over ₹ 21000 crores worth of 22.13 crore shares, which is 3.5 per cent of the total share of LIC.
9. Hindustan Unilever (HUL)
   Market Value: 5.32 lakh crore
   CEO: Rohit Jawa
   Newton, another well-known MNC producing cleaning agents, water purifiers and personal care products is Hindustan Unilever having its operation in India which is the subsidiary of the British-Dutch Unilever company. Market value demonstrates organization’s effective brand and substantial customer base.
10. ITC
    Market Value: 5.11 lakh crore
    CEO: Sanjiv Puri
    ITC is a conglomerate, with a diversified product offering – both in terms of industries served and the types of products offered, which includes; Fast moving consumer goods, hotel industry, paperboards and packaging, agricultural marketing, and the information technology sector. Market value reinforces its well established brand image and diverse business activities. ITC was initially founded as Imperial Tobacco Company of India Limited and then renamed to ITT Limited in 1950 and finally getting to ITC in 1970. ITC’s celebrated set of brands include Flama, Classmate, Sunfeast, Sunrise , Vivel, Savlon and many more.

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