According to the 2021 data published by the International Monetary Fund (IMF), India is the sixth-largest economy in the world in terms of nominal Gross Domestic Product (GDP), which is valued to be worth US$ 3.04 trillion and estimated to a gdp growth rate of 9.5% in the upcoming year.
India’s stock market capitalization hit $3 trillion in May, fuelled by a rally in small and mid-cap stocks on the BSE.
In rupee terms, India’s current market value is pegged at ₹218.05 trillion, raising investors’ wealth by ₹30.01 trillion or $42.01 billion this year, despite pandemic worries and localized curbs affecting sentiments
The only other countries that have a stock market capitalization of more than $3 trillion are the US, China, Hong Kong, Japan, UK, France, and Canada
What is Market Capitalization?
Market capitalization is the aggregate valuation of the company based on its current share price and the total number of outstanding stocks. It is calculated by
Market capitalization = (Current market price of 1 share)*(total number of outstanding shares)
It helps to classify the companies into different types like large-cap, mid-cap, and small-cap companies. The companies with a market cap of Rs 28,500 crore or more are large-cap stocks. Company stocks with a market cap between Rs 8,500 crore and 28,500 crores are mid-cap stocks and those less than Rs 8,500 crore market cap are small-cap stocks
1. Reliance Industries
Reliance Industries Limited (RIL) is an Indian multinational company headquartered in Mumbai, currently headed by Mukesh Ambani. The company was co-founded by Dhirubhai Ambani and Champaklal Damani in the 1960s as Reliance Commercial Corporation.
Reliance owns businesses across India engaged in energy, petrochemicals, textiles, natural resources, retail, and telecommunications. Reliance is one of the most profitable companies in India. The market capitalization value of RIL is Rs. 13,76,351 Crores with a current price of Rs. 2,035.45.
2. Tata Consultancy Services (TCS)
Tata Consultancy Services Limited (TCS) is an Indian multinational information technology (IT) service and consulting company headquartered in Mumbai, Maharashtra, India. It is a subsidiary of Tata Group and operates in 149 locations across 46 countries.
TCS is the biggest IT company in India and the second-largest Indian company by market capitalization. TCS is now placed among the most valuable IT services brands worldwide. The market capitalization value of TCS is Rs. 11,71,674 Crores with a current price of Rs. 3,167.50.
3. HDFC Bank
HDFC Bank is an Indian banking and financial services company that was incorporated in 1994, with its registered office in Mumbai, India. Its first corporate office at Sandoz House, Worli was inaugurated by the then Union Finance Minister, Manmohan Singh. It is the largest private bank in India.
As of March 2020, it had a base of 1,16,971 permanent employees with 5,130 branches across 2,764 cities. It is India’s largest private sector lender by assets and market capitalization. It has a market capitalization value of Rs. 7,88,769 Crores with a current price of Rs. 1,425.80.
4. Infosys
Infosys Limited is an Indian multinational corporation that provides business consulting, information technology, and outsourcing services and was originally founded in 1981.
It is the second-largest Indian IT company after Tata Consultancy Services with its headquarters in Bangalore, Karnataka, India. The market capitalization value of Infosys is Rs. 6,82,678 Crores with a current price of Rs. 1,610.25.
5. Hindustan Unilever (HUL)
Hindustan Unilever Limited (HUL) was established in 1933. It is a British-Dutch manufacturing company headquartered in Mumbai, India. Its products include foods, beverages, cleaning agents, personal care products, water purifiers, and consumer goods.
As of 2020 Hindustan Unilever’s portfolio had 35 product brands in 20 categories with 18,000 employees and sales of Rs. 47,029 crores in 2020-21. The market capitalization value of Hindustan Unilever is Rs. 5,48,405 Crores with a current price of Rs. 2,334.05.
6. ICICI Bank
ICICI Bank is an Indian multinational banking and financial services company headquartered in Mumbai and its registered office in Vadodara, Gujarat. It offers a wide range of banking products and financial services in the areas of investment banking, life, non-life insurance, venture capital, and asset management.
ICICI Bank has 5,275 branches and 15,589 ATMs across India and has a presence in 17 countries including India as of February 2020. The market capitalization value of ICICI bank is Rs. 4,72,849 crores with a current price of Rs. 682.70.
7. Housing Development Finance Corporation Limited (HDFC)
Housing Development Finance Corporation Limited (HDFC) is an Indian financial services company founded in 1977 as the first specialized mortgage company in India based in Mumbai. It is a major provider of finance for housing in India.
HDFC also has a presence in banking, life and general insurance, asset management, venture capital, realty, education, deposits, and education loans. The market capitalization value of HDFC is Rs. 4,40,739 Crores with a current price of Rs. 2,440.75.
8. State Bank of India (SBI)
State Bank of India (SBI) is an Indian multinational, public sector banking and financial services statutory body headquartered in Mumbai, Maharashtra. SBI has a 23% market share by assets and a 25% share of the total loan and deposits market.
SBI has 22,141 branches and 58,555 ATMs as of 2020. The current market capitalization value of the State Bank of India is Rs. 3,85,275 crores with the latest share price of Rs. 431.70.
9. Bajaj Finance
Bajaj Finance Limited, a subsidiary of Bajaj Finserv, is an Indian non-banking financial company (NBFC). The company deals in consumer finance, SME (small and medium-sized enterprises) and commercial lending, and wealth management.
Headquartered in Pune, Maharashtra, the company has 294 consumer branches and 497 rural locations with over 33,000+ distribution points. Market capitalization value of Bajaj Finance is Rs. 3,75,972 crores with a current price of Rs. 6,228.90.
10. Kotak Mahindra Bank
Kotak Mahindra Bank is an Indian private sector bank headquartered in Mumbai, India. Established in 1985 by Uday Kotak.
In February 2003, Kotak Mahindra Finance Ltd. (KMFL), the group’s flagship company, received a banking license from the RBI. It offers banking products and financial services in the areas of personal finance, investment banking, general insurance, life insurance, and wealth management. It is the third-largest Indian private sector bank by market capitalization value of Rs. 3,28,122 crores with a current price of Rs. 1,654.90.
Summary: Top 10 Companies in India by Market-cap
Here is the list of companies with the largest market cap in India with a few other popular companies:
Company | Industry | Market Cap (RS CR) | Current Price (RS) | 1Yr Returns(%) |
Reliance Industries Ltd. | Refineries | 13,76,351.73 | 2,035.40 | -1.54 |
Tata Consultancy Services Ltd. | IT - Software | 11,71,674.52 | 3,167.50 | 38.84 |
HDFC Bank Ltd. | Bank - Private | 7,88,769.58 | 1,425.80 | 38.11 |
Infosys Ltd. | IT - Software | 6,82,678.65 | 1,610.25 | 66.72 |
Hindustan Unilever Ltd. | Household & Personal Products | 5,48,405.78 | 2,334.05 | 5.58 |
ICICI Bank Ltd. | Bank - Private | 4,72,849.46 | 682.7 | 96.8 |
Housing Development Finance Corporation Ltd. | Finance - Housing | 4,40,739.22 | 2,440.75 | 36.99 |
State Bank Of India | Bank - Public | 3,85,275.48 | 431.7 | 125.54 |
Bajaj Finance Ltd. | Finance - NBFC | 3,75,972.88 | 6,228.90 | 91.56 |
Kotak Mahindra Bank Ltd. | Bank - Private | 3,28,122.81 | 1,654.95 | 21.16 |
Wipro Ltd. | IT - Software | 3,21,412.43 | 586.6 | 108.99 |
Bharti Airtel Ltd. | Telecommunication - Service Provider | 3,08,597.01 | 561.9 | 1.23 |
Asian Paints Ltd. | Paints | 2,83,783.46 | 2,958.55 | 72.45 |
HCL Technologies Ltd. | IT - Software | 2,78,272.79 | 1,025.45 | 45.34 |
ITC Ltd. | Cigarettes-Tobacco | 2,52,348.03 | 205 | 5.56 |
Avenue Supermarts Ltd. | Retailing | 2,26,756.77 | 3,500.55 | 69.66 |
Bajaj Finserv Ltd. | Finance - Investment | 2,26,314.13 | 14,221.30 | 129.17 |
Larsen & Toubro Ltd. | Engineering - Construction | 2,24,941.61 | 1,601.40 | 75.32 |
Ultratech Cement Ltd. | Cement & Construction Materials | 2,20,064.03 | 7,623.75 | 85.05 |
Axis Bank Ltd. | Bank - Private | 2,17,342.99 | 709 | 64.23 |
Disclaimer: This data is updated in July 2021. As the stock price changes in the future, market capitalization will also change. Hence, the list of top 10 companies in India by market capitalization can also change in the future.
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