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List of largest companies in India

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This article lists the largest companies in India in terms of their revenue, according to the American business magazines Fortune and Forbes.

2024 Forbes list

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This list is based on the Forbes Global 2000, which ranks the world's 2,000 largest publicly traded companies. The Forbes list takes into account a multitude of factors, including the revenue, net profit, total assets and market value of each company; each factor is given a weighted rank in terms of importance when considering the overall ranking. The table below also lists the headquarters location and industry sector of each company. The figures are in billions of US dollars[1] and are for the year 2024. All 69 companies from India in the Forbes 2000 are listed.[2]

Rank Forbes
2000 rank 		Name Headquarters Revenue
(billions US$) 		Profit
(billions US$) 		Assets
(billions US$) 		Value
(billions US$) 		Industry
1 49 Reliance Industries Limited Mumbai 108.8 8.4 210.5 233.1 Conglomerate
2 55 State Bank of India Mumbai 71.8 8.1 807.4 87.6 Banking
3 65 HDFC Bank Mumbai 49.3 7.7 483.2 133.6 Banking
4 70 Life Insurance Corporation New Delhi 98.0 4.9 561.4 73.6 Insurance
5 142 ICICI Bank Mumbai 28.5 5.3 283.5 95.3 Banking
6 207 Oil and Natural Gas Corporation New Delhi 77.5 5.1 80.6 41.9 Oil and gas
7 259 Indian Oil Corporation New Delhi 93.8 5.0 57.8 27.8 Oil and gas
8 284 Tata Motors Mumbai 52.9 3.8 44.4 43.8 Automotive
9 293 Axis Bank Mumbai 16.7 3.2 182.0 42.3 Banking
10 372 NTPC Limited New Delhi 21.2 2.4 54.7 42.5 Utilities
11 398 Larsen & Toubro Mumbai 26.7 1.6 40.7 56.9 Capital goods
12 412 Tata Consultancy Services Mumbai 29.1 5.5 17.6 166.5 Infotech
13 440 Bank of Baroda Vadodara 17.1 2.3 198.4 16.2 Banking
14 442 Kotak Mahindra Bank Mumbai 11.4 2.2 92.0 40.5 Banking
15 472 Bharti Airtel New Delhi 18.1 0.9 53.3 91.5 Telecommunication
16 488 Coal India Kolkata 17.2 3.9 28.5 34.8 Metals and mining
17 525 Canara Bank Bangalore 16.8 1.8 184.0 12.4 Banking
18 533 Power Finance Corporation New Delhi 11.1 2.4 124.6 18.5 Financials
19 537 Bharat Petroleum Mumbai 54.1 3.2 24.3 16.4 Oil and gas
20 569 Infosys Bangalore 18.6 3.2 16.5 71.9 Infotech
21 571 Punjab National Bank New Delhi 14.8 1.1 191.7 16.5 Banking
22 575 Union Bank of India Mumbai 14.3 1.7 168.1 12.7 Banking
23 592 Bajaj Finserv Pune 13.0 1.0 64.5 30.3 Financials
24 593 Mahindra & Mahindra Mumbai 16.8 1.4 28.3 37.5 Automotive
25 645 JSW Steel Ltd Mumbai 21.1 1.1 27.4 26.6 Iron and steel
26 684 Hindalco Industries Mumbai 26.1 1.1 27.1 17.7 Metals and mining
27 746 Grasim Industries Mumbai 15.3 0.7 47.0 19.8 Diversified
28 764 HCL Technologies Noida 13.3 1.9 12.0 43.4 Infotech
29 810 ITC Limited Kolkata 8.5 2.5 10.5 65.4 Consumer Goods
30 827 Power Grid Corporation of India Gurgaon 5.6 1.9 29.6 35.0 Utilities
31 834 Tata Steel Kolkata 28.3 −0.4 32.7 25.1 Iron and steel
32 901 IndusInd Bank Mumbai 6.7 1.1 61.8 13.2 Banking
33 922 Indian Railway Finance Corporation New Delhi 3.2 0.7 58.6 26.5 Financials
34 926 Wipro Bangalore 10.8 1.3 13.8 28.9 Infotech
35 930 GAIL New Delhi 16.1 1.2 15.0 16.1 Oil and gas
36 947 Indian Bank Chennai 7.8 1.0 95.4 8.7 Banking
37 961 Vedanta Limited Mumbai 17.4 0.5 22.9 19.7 Metals and mining
38 1048 Adani Power Ahmedabad 6.1 2.5 11.1 29.4 Energy
39 1053 Bank of India Mumbai 8.1 0.8 110.8 6.7 Banking
40 1059 Adani Enterprises Ahmedabad 12.7 0.4 19.3 41.9 Holding
41 1161 Sun Pharmaceutical Mumbai 5.7 1.1 9.6 44.1 Pharmaceuticals
42 1212 IndiGo Gurgaon 7.9 0.9 8.8 20.2 Airline
43 1219 Adani Ports & SEZ Ahmedabad 3.2 1.0 14.3 34.6 Shipping
44 1259 IDBI Bank Mumbai 3.7 0.7 43.7 10.9 Banking
45 1264 Bajaj Auto Pune 5.4 0.9 4.7 29.4 Automotive
46 1281 Shriram Transport Finance Chennai 4.4 0.9 29.8 10.7 Financials
47 1384 Asian Paints Mumbai 4.3 0.7 3.6 32.3 Chemicals
48 1534 Tata Power Mumbai 7.4 0.5 16.7 16.7 Utilities
49 1562 Titan Company Bangalore 6.2 0.0 2.3 1.1 Gems and jewellery
50 1604 Jio Financial Services Mumbai 0.2 0.2 17.4 27.2 Financials
49 1568 Rajesh Exports Bangalore 32.6 0.1 4.1 2.0 Gems and jewellery
50 1617 DMart Mumbai 6.1 0.3 2.5 36.6 Retail
51 1693 Jindal Steel and Power New Delhi 6.0 0.6 9.4 12.4 Iron and steel
52 1697 LIC Housing Finance Mumbai 3.3 0.4 34.9 4.3 Financials
53 1699 Adani Green Energy Ahmedabad 1.1 0.1 10.6 34.8 Renewable energy
54 1704 Bajaj Holdings & Investment Mumbai 0.2 0.9 7.8 11.0 Holding
55 1760 General Insurance Corporation Mumbai 5.7 0.9 20.9 7.2 Insurance
56 1769 Yes Bank Mumbai 4.0 0.2 48.7 8.3 Banking
57 1805 Motherson Sumi Systems Noida 11.4 0.2 9.4 10.5 Automotive
58 1821 Bharat Electronics Bangalore 2.2 0.4 4.4 21.8 Aerospace and defense
59 1840 Central Bank of India Mumbai 4.3 0.3 53.7 6.4 Banking
60 1842 Bank of Maharashtra Pune 2.8 0.5 36.8 5.5 Banking
61 1848 Indus Towers Gurgaon 3.5 0.7 6.7 11.1 Telecommunication
62 1853 Steel Authority of India New Delhi 12.9 0.4 15.6 8.3 Iron and steel
63 1869 Federal Bank Kochi 3.2 0.5 38.1 4.8 Banking
64 1873 DLF Gurgaon 0.8 0.3 7.2 25.2 Real estate
65 1895 Dr. Reddy's Laboratories Hyderabad 3.4 0.7 4.6 11.6 Pharmaceuticals
66 1908 Varun Beverages Gurgaon 2.0 0.3 1.8 23.6 Beverages
67 1949 CIFCL Chennai 2.3 0.4 18.8 13.0 Financials
68 1957 NMDC Hyderabad 2.5 0.8 3.9 9.7 Mining
69 1980 ABB India Bangalore 1.3 0.2 1.3 21.3 Capital goods

2023 Fortune list

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The 50 largest companies by revenue in 2023 according to the Fortune India 500.[3]

Rank Name Industry Revenue
(in ₹ Crore) 		Revenue growth Profits
(in ₹ Crore) 		Headquarters State Controlled
1 Reliance Industries Limited Oil and gas 920,274 Increase 25% 66,702 Mumbai
2 Indian Oil Corporation Oil and gas 872,093 Increase 25% 9,792 New Delhi Yes
3 Life Insurance Corporation Insurance 792,427 Increase 9% 35,997 Mumbai Yes
4 Oil and Natural Gas Corporation Oil and gas 638,965 Increase 27% 35,440 New Delhi Yes
5 Bharat Petroleum Oil and gas 477,855 Increase 34% 2,131 Mumbai Yes
6 State Bank of India Banking 473,378 Increase 16% 55,648 Mumbai Yes
7 Tata Motors Automotive 357,317 Increase 28% 2,414 Mumbai
8 Tata Steel Iron and steel 248,374 Decrease 2% 8,760 Mumbai
9 Tata Consultancy Services Infotech 228,907 Increase 17% 42,147 Mumbai
10 Hindalco Industries Metals and mining 221,268 Increase 7% 10,097 Mumbai
11 HDFC Bank Banking 204,666 Increase 22% 45,997 Mumbai
12 Larsen & Toubro Capital goods 189,563 Increase 18% 10,471 Mumbai
13 ICICI Bank Banking 186,179 Increase 18% 34,037 Mumbai
14 NTPC Limited Utilities 178,906 Increase 30.0% 16,913 New Delhi Yes
15 JSW Steel Ltd Iron and steel 170,217 Increase 12% 4,144 Mumbai
16 HDFC Financials 164,163 Increase 13% 26,161 Mumbai
17 Vedanta Resources Metals and mining 151,289 Increase 8% 10,574 London, UK
18 GAIL Oil and gas 150,505 Increase 57% 5,616 New Delhi Yes
19 Infosys Infotech 145,481 Increase 21% 28,165 Bangalore
20 Coal India Metals and mining 145,481 Increase 31% 28,165 Kolkata Yes
21 Bharti Airtel Telecommunication 140,834 Increase 15% 8,346 New Delhi
22 Mahindra & Mahindra Automotive 129,004 Increase 37% 10,282 Mumbai
23 Grasim Industries Diversified 122,283 Increase 24% 6,827 Mumbai
24 Maruti Suzuki India Automotive 120,293 Increase 33% 8,211 New Delhi
25 Nayara Energy Oil and gas 116,240 Increase 19% 9,426 Mumbai
26 Steel Authority of India Iron and steel 111,501 Increase 6% 2,177 New Delhi Yes
27 Canara Bank Banking 111,210 Decrease 18% 11,255 Bangalore Yes
28 Bank of Baroda Banking 110,778 Increase 26% 14,905 Vadodara Yes
29 Axis Bank Banking 106,155 Increase 23% 10,818 Mumbai Yes
30 HCL Technologies Infotech 102,881 Increase 19% 14,851 Noida
31 Punjab National Bank Banking 99,374 Increase 12% 3,348 New Delhi Yes
32 Union Bank of India Banking 97,079 Increase 19% 8,512 Mumbai Yes
33 Wipro Infotech 92,738 Increase 14% 11,350 Bangalore
34 Uttar Pradesh Power Corporation Utilities 90,272 Increase 12% −15,859 Lucknow Yes
35 Bajaj Finserv Financials 82,073 Increase 20% 6,417 Pune
36 Motherson Sumi Systems Automotive 79,281 Increase 23% 1,496 Noida
37 Power Finance Corporation Financial services 77,625 Increase 2% 15,889 New Delhi Yes
38 ITC Limited Consumer goods 73,398 Increase 16% 19,192 Kolkata
39 Kotak Mahindra Bank Banking 68,142 Increase 16% 14,925 Mumbai
40 IFFCO Agriculture 63,386 Increase 46% 3,053 New Delhi Yes
41 Hyundai Motor India Automotive 61,572 Increase 28% 4,709 Gurgaon
42 Hindustan Unilever Consumer goods 61,342 Increase 16% 10,120 Mumbai
43 Tata Power Utilities 61,080 Increase 32% 3,336 Mumbai
44 Petronet LNG Oil and gas 60,560 Increase 39% 3,326 New Delhi Yes
45 IndiGo Airline 55,883 Increase 110% −306 Gurgaon
46 Bank of India Banking 55,100 Increase 19% 3,838 Mumbai Yes
47 Adani Wilmar Food processing 54,471 Increase 1% 582 Ahmedabad
48 Tech Mahindra Infotech 54,255 Increase 19% 4,831 Pune
49 UPL Chemicals 54,210 Increase 16% 3,570 Mumbai
50 Jindal Steel and Power Iron and steel 54,194 Increase 4% 3,174 New Delhi

See also

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References

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  1. ^ "USD - US Dollar rates, news, and tools | Xe". www.xe.com. Retrieved 2022-03-24.
  2. ^ "The World's Largest Public Companies". Forbes. Retrieved 2023-05-31.
  3. ^ "Fortune India 500 Ranking | Fortune India". www.fortuneindia.com. Retrieved 2024-08-20.
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