Top 5 companies by market capitalization in India
In this article, Nithisha CHALLA (ESSEC Business School, Grande Ecole Program – Master in Management, 2021-2023) presents the top 5 companies by market capitalization in India.
Introduction to market capitalization
Market capitalization is a crucial factor in investment analysis. Learning about the market capitalization of companies helps you evaluate their size, growth potential, and overall value in the market. This knowledge can assist you in making informed investment decisions and assessing the financial health of companies.
Top 5 companies by market capitalization in India
The top 5 companies in India according to market capitalization by 2023 are as follows:
1) Reliance Industries Limited
2) Tata Consultancy Services Limited
3) HDFC Bank Limited
4) Infosys Limited
5) Hindustan Unilever Limited
By looking at these top 5 companies, we observe that these companies mainly belong to the technology sector.
We detail below the characteristics of each company: statistics, analysis of revenues, and stock market data.
#1 Reliance Industries Limited
Logo of Reliance Industries Limited
Source: the company.
Statistics
Market capitalization: $189 billion
Listed on exchanges: BSE, NSE
Listed on Stock Indexes: Nifty 50 Index.
Industry: Conglomerate (Energy, Petrochemicals, Telecommunications, Retail)
Location of headquarters: Mumbai, Maharashtra, India
Year founded: 1966
Number of employees: 342,982
Revenues
Reliance Industries Limited is a diversified conglomerate with interests in various sectors, including energy, petrochemicals, telecommunications, and retail. The company operates the largest oil refinery complex in the world and has a significant presence in the exploration and production of oil and gas. Reliance also operates India’s largest organized retail chain and is a major player in the telecommunications sector through its subsidiary, Reliance Jio. With its diverse business portfolio, Reliance Industries has been a key player in India’s economic growth.
Stock chart
Stock chart for Reliance Industries
Source: Yahoo! Finance.
The historical data for Reliance Industries stock prices can be downloaded from Yahoo! Finance website: Download the data for Reliance Industries
#2 Tata Consultancy Services Limited (TCS)
Logo of Tata Consultancy Services Limited.
Source: the company.
Statistics
Market capitalization: $153 billion
Listed on exchanges: BSE, NSE, NYSE
Listed on Stock Indexes: Nifty 50 Index and the BSE Sensex
Industry: Information Technology (IT Services, Consulting)
Location of headquarters: Mumbai, Maharashtra, India
Year founded: 1968
Number of employees: 528,748
Revenues
Tata Consultancy Services Limited (TCS) is a global leader in IT services, consulting, and business solutions. The company offers a wide range of services, including software development, infrastructure management, cloud services, and digital transformation solutions. TCS serves clients in various industries, including banking, finance, healthcare, retail, and manufacturing. With a strong focus on innovation and technology, TCS has established a strong reputation in the global IT industry and has been a significant contributor to India’s IT exports.
Stock chart
Stock chart for Tata Consultancy Services
Source: Yahoo! Finance.
The historical data for Tata Consultancy Services stock prices can be downloaded from Yahoo! Finance website: Download the data for Tata Consultancy Services
#3 HDFC Bank Limited
Logo of HDFC Bank
Source: the company.
Statistics
Market capitalization: $111 billion
Listed on exchanges: BSE, NSE, NYSE
Listed on Stock Indexes: Nifty 50 Index and the BSE Sensex
Industry: Banking and Financial Services
Location of headquarters: Mumbai, Maharashtra, India
Year founded: 1994
Number of employees: 166,890
Revenues
HDFC Bank Limited is one of India’s largest private sector banks, providing a wide range of banking and financial services to individuals and businesses. The bank offers services such as savings and current accounts, loans, credit cards, insurance, and investment products. HDFC Bank has a widespread branch and ATM network across India and has embraced digital banking technologies to provide convenient and efficient banking solutions. With its strong customer base and robust financial performance, HDFC Bank has been a key player in India’s banking sector.
Stock chart
Stock chart for HDFC Bank
Source: Yahoo! Finance.
The historical data for HDFC Bank stock prices can be downloaded from Yahoo! Finance website: Download the data for HDFC Bank
#4 Infosys Limited
Logo of Infosys
Source: the company.
Statistics
Market capitalization: $80 billion
Listed on exchanges: BSE, NSE, NYSE
Listed on Stock Indexes: Nifty 50 Index and the BSE Sensex
Industry: Information Technology (IT Services, Consulting)
Location of headquarters: Bangalore, Karnataka, India
Year founded: 1981
Number of employees: 335,186
Revenues
Infosys Limited is a global leader in IT consulting and services, offering a range of solutions such as application development, system integration, cloud services, and digital transformation. The company serves clients across various industries, including banking, finance, healthcare, and retail. Infosys has been at the forefront of innovation and technology.
Stock chart
Stock chart for Infosys
Source: Yahoo! Finance.
The historical data for Infosys stock prices can be downloaded from Yahoo! Finance website: Download the data for Infosys
#5 Hindustan Unilever Limited
Logo of Hindustan Unilever Limited
Source: the company.
Statistics
Market capitalization: $75 billion
Listed on exchanges: BSE, NSE
Listed on Stock Indexes: Nifty 50 Index and the BSE Sensex
Industry: Consumer Goods (FMCG)
Location of headquarters: Mumbai, Maharashtra, India
Year founded: 1933
Number of employees: 149,000
Revenues
Hindustan Unilever Limited is one of India’s leading fast-moving consumer goods (FMCG) companies. It offers a wide range of products, including personal care, home care, and food and beverages. HUL’s popular brands include Lux, Lifebuoy, Dove, Surf Excel, Rin, Knorr, and Lipton, among others. The company has a strong distribution network that reaches millions of households across India. HUL has been a key player in the Indian consumer goods market, catering to the diverse needs of consumers and maintaining a strong market presence.
Stock chart
Stock chart for Hindustan Unilever
Source: Yahoo! Finance.
The historical data for Hindustan Unileverstock prices can be downloaded from Yahoo! Finance website: Download the data for Hindustan Unilever
Why should I be interested in this post?
As a management student, understanding the top companies in different markets and their market capitalization holds significant value. It provides you with industry insights, allowing you to comprehend the competitive landscape and trends within specific sectors.
Analyzing market capitalization aids in investment analysis, enabling you to assess the size, growth potential, and financial health of companies. Moreover, studying successful companies (success being measured by their market capitalization) provides valuable lessons in competitive strategy, organizational management, and leadership practices.
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Useful resources
Companies Market Cap Largest Indian companies by market capitalization
Yahoo! 15 Biggest Indian State-Owned Companies
Wikipedia List of largest companies in India
About the author
The article was written in June 2023 by Nithisha CHALLA (ESSEC Business School, Grande Ecole Program – Master in Management, 2021-2023).