Market capitalization is a financial term that can be used to measure the size of a company. This figure is usually calculated in order to keep investors informed and answer questions about large, publicly traded companies. It can also be used to compare similar companies together in order to see how they stack up against one another. Here are the top 10 companies in India as per their market value in 2022.
1. Reliance Industries
Reliance Industries is India’s largest company in terms of market cap. Reliance was founded by Dhirubhai Ambani and Champaklal Damani in the 1960s. The Indian multinational conglomerate company is headquartered in Mumbai and has a widespread portfolio in the textile, telecoms, retail, and energy sectors. On March 31, 2021, the company had 347 subsidiaries and 150 associates. The major subsidiaries are Jio Platforms Limited, Reliance Jio Infocomm Ltd, Reliance Retail, Reliance Life Sciences, Reliance Logistics, Reliance Solar, Reliance Industrial Infrastructure Limited (RIIL), Network 18, Reliance Eros Productions LLP, Reliance Industrial Investments and Holdings Limited (RIIHL), Reliance Strategic Business Ventures Limited (RSBVL), Reliance Sibur, Embibe.
2. TATA Consultancy Services
Pursuing growth in the Indian market, TCS is currently India’s second-largest company, with a market cap of ₹1,415,645 crores. TCS is an IT service, consulting, and business solutions company headquartered in India. TCS has a presence across the world and is a Tata subsidiary. It provides its services in 149 locations across 46 countries.TCS became the first Indian company to enter the bioinformatics market as early as 2005. In 2006 it designed an ERP system for the Indian Railway Catering and Tourism Corporation, which was generating over US$500 million in revenue by 2008. They rank among the highest-quality providers of these services at the global level.
3. HDFC Bank
HDFC Bank is one of India’s leading providers in the financial and banking industry. As of June 30, 2019, the bank installed 430,000 POS terminals and issued 23.5 million debit cards and 12 million credit cards in FY 2017. Established in 1994, HDFC was the first bank to be granted approval from the RBI to offer a private banking service.
4. Infosys
Infosys is a global IT company that provides business consulting, IT, and outsourcing. They were founded in 1981 in Pune, India, and are headquartered in Bangalore. According to 2020 revenue figures, they are the 2nd largest Indian IT company on the market today. The company has 82 sales and marketing offices around the world, 123 development centers across four continents, a major presence in India. Infosys provides various software solutions like development, maintenance, and validation for companies in finance, insurance, manufacturing, and other industries. One of its most well-known products is Finacle; it’s a universal banking solution that is designed with modern banking technology.
5. ICICI Bank
ICICI Bank Limited is a leading banking company in India. It was founded in 1976 and is currently located in the Vadodara city of India. They offer a variety of banking services to both corporate and retail clients.
These include investment banking, life insurance, non-life insurance, venture capital, and asset management. The bank has branches in the United States, Canada, Hong Kong, China, Bahrain, Qatar, and Oman. They also have subsidiaries in the UK and South Africa. The company’s UK subsidiary has also established branches in Belgium and Germany.
6. Hindustan Unilever
Hindustan Unilever Limited (HUL) is a subsidiary of Unilever, a British company, which is headquartered in Mumbai, India. It was founded with the aim to produce affordable hygiene products and that remains its core specialization. HUL as it’s known offers everything from foods to personal care products and has been satisfying Indian consumers for over 80 years.Hindustan Unilever’s business includes their 44 product brands which currently cover 14 different categories. They currently have 18,000 employees and their sales in FY2017-18 were ₹34,619 crores.The company is a leader in India’s fast-moving consumer goods industry and has over 80 years of rich history. The company website says that nine out of ten Indian houses use the company’s products on any given day.
7. State Bank of India (SBI)
State Bank of India is one of the most important and recognized financial institutions in India. Headquartered in Mumbai, they are a Public Sector bank and Financial Services statutory body.SBI is one of the top banking & financial services providers and the country’s 3rd largest bank, and one of the 10 largest in the world. Fortune listed them as the 221st largest company in the world.
As of 2014–15, the bank had 191 overseas offices spread over 36 countries – the largest presence in foreign markets among Indian banks. SBI Australia, SBI Bangladesh, SBI Bahrain, and SBI Botswana, SBI Canada Bank, SBI China, SBI (Mauritius) Ltd, SBI Sri Lanka, SBI South Korea, SBI South Africa, SBI UK Ltd, SBI USA, etc.
8. Housing Development Finance Corporation Limited (HDFC)
Housing Development Finance Corporation Limited, the Indian financial service company is based out of Mumbai. They offer everything from banking to general insurance, realty, and education with ventures in the realms of asset management and venture capital.HDFC’s key associates and subsidiaries include HDFC Bank Limited, HDFC Standard Life Insurance Company Limited, HDFC ERGO General Insurance Company Limited, HDFC Asset Management Company Limited, GRUH Finance, HDFC Venture Capital Limited and Credila Financial Services Private Limited.
9. Bajaj Finance
Bajaj Finserv Limited is a financial services company based out of Pune, India. They lend money, manage investments and insurance needs as well as offer products in the wealth management industry.According to their site, they are the leading consumer electronics and digital products providers. Additionally, they provide top-quality personal loans to both businesses and individuals. With over 40 locations in India and SME growth at a higher rate than the industry average.
10. Bharti Airtel
Bharti Airtel Limited, usually referred to as simply Airtel, is a major telecommunications company based in New Delhi, India.The country’s second-largest telecommunications company is Airtel. It offers mobile service in 2G, 3G and 4G LTE, fixed-line broadband and high speed internet along with other services such as international calling. Recently they’ve also released a Voice over LTE (VoLTE) phone to keep up with the latest technology. Airtel is one of the top 3 mobile operators in the world with 17 different locations.