Top 10 Biggest Companies In India By Market Value 2021: India is home to thousands of small and big companies and there are more than 2000 listed companies out there.

In this post, we are going to list the top 10 biggest companies in India by market value in 2021. As you know the market cap is floating the data provided here is as of June 1, 2021.

1. Reliance Industries Ltd – ₹13,88,655 crores

Founded back in 1973, Reliance Industries is India’s one of the biggest companies on all major financial parameters, also reliance has a market cap of ₹1,388,655 crores, making it the biggest listed company in India. The company deals in various businesses such as hydrocarbon exploration and production, petroleum refining and marketing, petrochemicals, retail, and telecommunications.

In the year 2004, Reliance Industries (RIL) became the first Indian private sector company to be listed on the Fortune Global 500 list. The company operates with manufacturing facilities in cities like Allahabad, Barabanki, Dahej, Hazira, Hoshiarpur, Jamnagar, Nagothane, Nagpur, Naroda, Patalganga, Silvassa, and Vadodara in India.

Mukesh Ambani, the richest person of India as well as Asia is the chairman and MD of Reliance Industries. The company is parent to subsidiaries like Jio Platforms, Jio Payments Bank (70%), Reliance Retail, Reliance Petroleum, Network18 Group (64%), Mumbai Indians (Cricket Franchise), Alok Industries, Future Group, and Reliance Foundation. [Reference]

2. Tata Consultancy Services Ltd – ₹11,62,889 crores

Tata Consultancy Services Ltd or also widely known as TCS is a leading global IT service, consulting, and business solutions company. The company has a market capitalization of ₹1,162,889 crores, making it one of the biggest companies in India by market value. TCS offers transformational as well as outsourcing services to global businesses.

TCS is promoted by the famous Tata group. The company has a global presence and its industry-leading suite of products and platforms deliver high-quality, high-impact solutions with the latest technologies to its customers across the world.

TCS operates in North America, Latin America, the United Kingdom, various parts of Europe, Asia-Pacific, India, the Middle East, and Africa. The company has its headquarter in Mumbai, Maharashtra, India. [Reference]

3. HDFC Bank Ltd – ₹8,28,231 crores

HDFC Bank Ltd is one of the largest banks in India and also one of the biggest companies by market value. HDFC Bank has a market cap of ₹828,231 crores and has its headquarter in Mumbai, Maharashtra. The private sector bank offers a wide range of banking and financial services covering commercial, investment banking, and retail banking.

As of 31 December 2021, the bank has more than 5,485 branches and 15,541 ATMs & Cash Deposit Machines across 2,866 cities in the country. HDFC Bank also has one overseas branch in Bahrain, Hong Kong, and two corporate offices in UAE and Kenya. The Bank is parent to two subsidiary companies, HDFC Securities Ltd and HDB Financial Services Ltd.

The private bank has three primary business divisions, which are banking, wholesale banking, and treasury. HDFC Bank is listed on the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE) in India. Additionally, HDFC Bank’s American Depository Receipts (ADRs) are listed on the New York Stock Exchange (NYSE) and Global Depository Receipts (GDRs) are listed on Luxembourg Stock Exchange. [Reference]

4. Infosys Ltd – ₹5,90,444 crores

Infosys Ltd is India’s one of the largest IT companies and the 4th largest company in India by market cap. Infosys has a market cap of ₹590,444 crores. The company provides end-to-end business solutions to its clients, including technical consulting, design, development, product engineering, maintenance, systems integration, package-enabled consulting, etc.

Infosys is a leading software provider in the Indian banking industry and they have developed Finacle, a universal banking solution suite for large and medium-sized banks across the country. As of March 2021, Infosys has a strong domestic as well as international presence in 220 locations over 46 countries.

Infosys was the first company of India to be listed on the NASDAQ in the year 1999. The company is also listed in both NSE and BSE in India. [Reference]

5. Hindustan Unilever Ltd – ₹5,50,285 crores

Incorporated on 17 October 1933, Hindustan Unilever Ltd is one of the biggest companies in India in 2021 by market value with a market cap of ₹550,285 crores. The Company’s primary business in the FMCG segment and produces products in four categories such as home care, personal care, foods, and refreshments.

HUL has a wide product portfolio and famous household brands like Lux, Lifebuoy, Surf Excel, Rin, Wheel, Fair & Lovely, Pond’s, Vaseline, Lakme, Dove, Clinic Plus, Sunsilk, Brooke Bond, Bru, Knorr, Kissan, Kwality Wall’s, Pepsodent, Closeup, Axe, and Pureit. 

The company is well known for its presence across almost all segment consumer products and it is a subsidiary of Unilever limited, one of the leading MNCs. Revenue wise it is the second biggest FMCG company In India after ITC limited. [Reference]

6. Housing Development Finance Corporation Ltd – ₹4,72,869 crores

Incorporated on 17 October 1977, Housing Development Finance Corporation Limited (HDFC) is the biggest NBFC company in India and one of the biggest companies by market value. The housing finance company has a market cap of ₹472,869 crores. The main business of the company is to provide finance to individuals, corporate and developers for the purchase, construction, development, and renovation of houses in India.

The company has a wide network of branches across India as well as overseas. The company has subsidiary like HDFC Developers Ltd, HDFC Investments Ltd, HDFC Holdings Ltd, HDFC Trustee Company Ltd, HDFC Realty Ltd, HDFC Property Ventures Ltd, HDFC Sales Pvt Ltd, HDFC Ventures Trustee Company Ltd, HDFC Venture Capital Ltd, HDFC Ergo General Insurance Company Ltd, HDFC Standard Life Insurance Company Ltd, GRUH Finance Ltd, HDFC Asset Management Company Ltd, and HDFC Bank Ltd. [Reference]

7. ICICI Bank Ltd – ₹4,44,951 crores

ICICI Bank is a private sector bank and the bank has a market capitalization of ₹444,951 crores, making it one of the biggest companies in India by market value in 2021. The private bank provides all the necessary banking and financial services such as retail banking, loans, Investment banking, and corporate banking.

ICICI bank is present in 17 countries including India and has more than 5,000 bank branches and 13,792 ATMs. The bank is listed on both NSE and BSE. In recent years the bank is one of the highest growing banks in terms of net profit. [Reference]

8. State Bank of India – ₹3,86,971 crores

Incorporated on 01 July 1955,  State Bank of India is the biggest bank in India by its revenue and deposit size. It is also one of the biggest companies in India by market value with a market cap of ₹386,971 crores. Earlier the bank was known as the Imperial Bank of India and then the Government of India nationalized the bank in the year 1955, with the Reserve Bank of India having a stake of 60% and renamed it as state bank of India.

SBI provides a wide variety of financial services to its customers, services such as life insurance, merchant banking, mutual funds, credit card, factoring, security trading, pension fund management, and primary dealership in the money market.

The Bank operates in four different segments, such as Treasury, Corporate Banking, Retail Banking, and Investment Banking.  SBI provides its banking products through its wide network of branches across India and overseas. The bank has more than 16,000 branches, which is the largest banking branch network across India.  [Reference]

9. Kotak Mahindra Bank Ltd – ₹3,59,050 crore

Kotak Mahindra Bank is a leading bank and financial service company in India. The Bank has a market cap of ₹359,050 crores, making it one of the biggest companies in India by market value. The company offers banking services such as transaction banking, operates lending verticals, manages IPOs, and provides working capital loans.

Kotak Mahindra Bank is engaged in businesses such as consumer banking, commercial banking, corporate banking, treasury, and other financial services. As of 31 March 2021, the Bank has more than 1603 branches and 2573 ATMs across the country.

The private bank along with its subsidiaries offers a wide range of retail financial products and services like retail banking, stockbroking, vehicle finance, advisory services, asset management, life insurance, and general insurance. Along with that, the bank offers Phone banking and Internet banking, Mobile banking, SMS services, Home banking, and BillPay facility.

10. Bajaj Finance Ltd – ₹3,61,761 crores

Bajaj Finance Ltd earlier Known as Bajaj Auto Finance Ltd is one of the largest NBFC companies (Non-Banking Financial Corporation) in India. It is also one of the biggest companies in India by market value with a market cap of ₹361,761 crores. The company has its headquarter in Pune, Maharashtra, India.

The NBFC company offers product such as Consumer Durable Loans, Lifestyle Finance, Digital Product Finance, Personal Loans, Loan against Property, Small Business Loans, Home loans, Credit Cards, Two-wheeler, and Three-wheeler Loans, Construction Equipment Loans, Loan against Securities, Gold Loans and Vehicle Refinancing Loans. Additionally, the company offers Fixed Deposits and Advisory Services.

The Reserve Bank of India (RBI) named the company as an Asset Finance Company. The company is listed in both the National Stock Exchange (NSE) and Bombay Stock Exchange of India (BSE). [Reference]

List of Top 10 Biggest Companies In India By Market Value 2021

RankCompany NameMarket Capitalization
1Reliance Industries Ltd₹13,88,655 crores
2Tata Consultancy Services Ltd₹11,62,889 crores
3HDFC Bank Ltd₹8,28,231 crores
4Infosys Ltd₹5,90,444 crores
5Hindustan Unilever Ltd₹5,50,285 crores
6Housing Development Finance Corporation Ltd₹4,72,869 crores
7ICICI Bank Ltd₹4,44,951 crores
8State Bank of India₹3,86,971 crores
9Kotak Mahindra Bank Ltd₹3,59,050 crore
10Bajaj Finance Ltd₹3,61,761 crores

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