India is host to some of the world's largest corporations with vibrant market capitalization and resourcefulness. The nation is flourishing at a rapid pace as an economic hub, prepared to make a major global change in the near future. According to their wealth and market cap, we can find the richest companies in India.
The market cap of any company is the key for an investor to know the total sales and assets figure of that corporation. To know the market cap of any organization, you need to multiply the total outstanding shares by the current market price of each share. This is a very easy and simple trick to know the top ten richest companies in India according to market cap or revenue.
Here, we have compiled the list of top ten richest companies in India
Reliance Industries is on top when it comes to the top ten richest companies in India with a market cap of over INR 1, 507, 404, it is leading the Indian industries with the highest market capitalization. This is a multinational conglomerate company and it is headquartered in Mumbai.
Reliance Industries is engaged in a range of businesses in textiles, telecommunications, retail, natural resources as well as petrochemical. Reliance was co-founded by Dhirubhai Ambani and Champaklal Damani in the 1960s as Reliance Commercial Corporation. Currently, the company is headed by Mukesh Ambani.
Read Also: AN OVERVIEW OF RELIANCE INDUSTRIES LIMITED
Reliance owns businesses across India engaged in natural resources, energy, retail, petrochemicals, and telecommunications. Reliance is one of the most profitable companies in India and is now emerging as a leading company on the global level.
Another name among the richest companies in India, ONGC or Oil and Natural Gas Corporation produces above 70% of India's home crude oil output. This is the largest crude oil and natural gas company in India.
ONGC was established by the Ministry of Petroleum and Natural Gas in the year 1956. Now, it is the only Indian public sector firm to appear on the list of fortune's Most Admired Energy Companies. Also, Transparency International ranked the company 26th among the world's largest publicly traded companies for Transparency in Corporate Reporting.
Presently, the company produces about 70% of India's total crude oil and about 84% of its natural gas. With its great revenue generation, ONGC has been ranked as the largest profit-making PSU in India in a government survey for the fiscal year 2019-2020.
TATA Consultancy Services is another popular in the Indian industries list. It is an IT services, business solutions, and consulting firm. The headquarter of the company is in Mumbai; besides, it has offices all over India like Kolkata, Pune, Chennai, Gurgaon, Noida, Goa, Coimbatore, Lucknow. Being a global leader in different IT and business solutions, TCs partner with clients to streamline, strengthen and transform their businesses.
Currently, TCS has over 446,675 employee's strength represent 146 nationalities across 46 countries. In 2019, TCS was honoured with four Stevies at the American Business Awards. It is also rewarded as the Fastest Growing Tech Company of the Year and Gold Stevies for Corporate Social Responsibility Program of the Year.
The largest bank in India and also the biggest corporation of 2018, State Bank of India offers a variety of products in India and overseas with more than 24000 branches in India. In 2019, it was honoured with the Best Transaction Bank & Best Payment Bank in India Award for 2019.
This is a state-owned global bank that operates more than 14,000 branches across the country with international offices in 36 countries. The bank is tracing its origins to British India, making it the Indian subcontinent's oldest commercial bank. Recently, the bank announced its vision to make carbon-neutral by 2030.
The largest company of India and a pioneer in the oil and gas industry across the country, Indian Oil Corporation is among the top ten richest companies in India. Indian Oil Corporation was founded in the year 1959. It is India's largest company with the employee database of more than 33,000.
Indian Oil's business interest covers the entire spectrum of hydrocarbon value chains, including refining, pipeline transport, petroleum product marketing, exploration and product.
Bharat Petroleum is a Maharatna of Indian government and is among the top ten richest companies in India. It is known as BCL and operates the two large refineries in Mumbai and Kochi. This company was established in 1976 by the Indian Government through the acquisition of the Burmah-Shell oil company.
With its headquartere in Mumbai, Bharat Petroleum is the 2nd largest oil company in India. Currently, the company is owning about 14,161 outlets, of which 2,548 are rural outlets.
HDFC Bank is a reputed and renowned Indian banking and financial services company that was established in the year 1994. That time, the registered office of the company was in Mumbai, India. Its first corporate office at Sandoz House, Worli was inaugurated by the then Union Finance Minister, Manmohan Singh.
As of June 2019, it had a base of 1, 04,154 permanent employees with 5,130 branches across 2,764 cities. This largest private-sector leader of India by assets and market capitalization.
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