Top 10 Companies In India By Market Valuation In 2024

Top 10 companies in India

India is witnessing rapid economic expansion. It holds an impressive list of its most renowned corporations that have made significant contributions across a wide range of sectors including technology, finance, and consumer goods.

The Indian stock market reached a valuation of ₹334.7 trillion of which about ₹180 trillion in Indian Rupees is being contributed by the top 50 companies, as of now the market position of corporate conglomerates continues to define the dynamics in different sectors.

So to gain better insights into these corporate giants, this article will present an exclusive list featuring the top 10 companies in India, by market valuation as of June 11, 2024, offering a glimpse into their respective sectors and remarkable financial achievements.

Top 10 Companies in India 

Reliance Industries Limited

Reliance Industries Limited

Reliance Industries Limited (RIL), one of the leaders on the Top Companies list within the Indian corporate landscape, stands strong after unprecedented growth spanning over five decades.

This multinational conglomerate, founded by Dhirubhai Ambani in 1958, now under Mukesh Ambani’s leadership started humbly as a textile manufacturing unit based out of bustling city streets before expanding its wings into various sectors like petrochemicals refining oil gas exploration, retail telecommunications, and media.

Reliance Retail – their organized retail arm- offers a diverse range of products including groceries, electronics, and apparel through its network across India while they also produce fabrics clothing home furnishings for domestic consumption as well as international markets under their textiles division. In the competitive market.

Notably, around 76% of RIL’s revenue is derived from refining while petrochemicals account for 19%, oil & gas contribute 2%; other segments make up a marginal 3%.

On April 24th, Reliance Industries announced plans to compete against foreign companies in the Indian consumer electronics and home appliances market, by launching a new brand called Wyzr. They want to grow their product range and work together with Indian factories to make the goods.

In recent years RIL has been at the forefront of digital transformation in India via Jio Platforms-their telecom subsidiary which is now one of the leading brands within the Telecommunications and E-commerce industry; announcing a strategic partnership with Microsoft aimed towards accelerating Digital Transformation efforts further, investing heavily into Green Energy projects across Gujarat region.

RIL’s rich history spanning over five decades showcases its commitment to innovation excellence sustainability making it synonymous with the Indian business landscape worldwide, With its current market cap standing at 1,971,143.57 Crore INR.



Tata Consultancy Services Limited (TCS) is an Indian multinational information technology service provider that forms part of the Tata Group. Headquartered in Mumbai with operations across 150 locations within 46 countries, it’s a top employer worldwide with over 616,00 professionals as of September 23rd, 2023.

TCS is one of the top 10 companies in India, an IT services company that was founded back in 1968 by Tata Sons Limited. In the year 2024 alone it stood seventh on Fortune India’s top companies list, with a market capitalization of 1,393,723.49 Crore INR  and becoming the first ever Indian tech giant to achieve such heights.

TCS business spans several segments like Banking, Financial Services and Insurance, Manufacturing Retail, Consumer Businesses, Communication Media Tech, Life Sciences Healthcare, and more.

It offers a range of services spanning from technology platforms for clinical research and drug development to financial solution platforms cloud-native service talent management solutions customer intelligence insight solutions amongst other offerings.

On June 7th, 2024, TCS introduced WisdomNext™ – a GenAI platform that brings together different artificial intelligence models and tools across various cloud services to help businesses easily integrate large-scale AI solutions.

Recently Tata Consultancy Services (TCS), a prominent member of TATA Group, has declared a Rs.28 dividend per share for fiscal year 2024 with a yield of 1.73%. Q4 financials indicated strong consolidated profitability, reaching approximately Rs 12,434 crore and revenue hit nearly Rs 61,237 crore. TCS is expected to recommend an additional final dividend soon after an interim payout of Rs 18 per share was announced.



HDFC Bank stands out as one of India’s foremost banks providing a wide spectrum of financial services catering to over 43 million clients globally since its inception back in August 1994. It operates under the umbrella of parent company HDFC (Housing Development Finance Corporation) after obtaining regulatory approval from The Reserve Bank Of India for launching operations within the private banking sector domain.

As per stats from April 2024, HDFC boasts a market capitalization worth 1,190,132.67 Crore INR,  making it the third largest firm listed on stock exchanges in India. The range of services offered includes various banking products such as personal finance, online transactions (net banking), home loans, and fixed deposits alongside mobile-based facilities

Recently there was news circulating about MUFG – Japan’s leading financial entity showing interest in acquiring a 20% stake in HDFC Bank’s non-Bank unit HDB Financial Services. This prospective acquisition deal could value this subsidiary between $9 billion and $ 10 billion pending decision-making during an upcoming board meeting.

Bharti Airtel

Bharti Airtel

Airtel is a leading Indian multinational telecommunications services company founded by Sunil Mittal back in 1984. Initially, he started assembling push-button phones that replaced older rotary models.

In 1992, Mittal secured one of the four mobile network licenses auctioned off in India, marking Bharti’s entry into the telecom services industry. Launching operations in Delhi a few years later (1995), Airtel quickly became India’s first telecom company to surpass the 2 million subscribers milestone.

Providing comprehensive communication solutions including advanced technologies like 5G, 4G and LTE across 18 countries within South Asia and Africa contributes primarily towards its core business operations while making it the second-largest mobile network operator globally.

In recent times (2024), Airtel expanded further by acquiring Telecom Seychelles for Rs 288 crore and investing in Qualcomm India with a 49% stake worth Rs 907 crore, broadening its footprint across diverse sectors within the telecommunication industry. Effective from June 3, 2024, Bharti Airtel appointed a new CEO, Sharat Sinha.  Currently, its market cap stands at 825,237.49 Crore INR.



ICICI Bank Limited, founded in 1994 and headquartered in Mumbai with a registered office in Vadodara, offers an extensive range of personal and corporate banking services.

These include savings accounts, loans for various sectors like homes or cars, debit/credit card accessibility alongside insurance solutions, investment opportunities even mortgages through online platforms catering to both retail consumers and corporates alike.

ICICI  is renowned to be one of the best companies in India when it comes to banking, It serves  both retail consumers as well as corporates offering an extensive range of products which include:

private banking, venture capital initiatives, life and non-life insurance securities broking services, asset management all under one umbrella for high-net-worth individuals. As of the latest stats its market cap holds 786,437.22 Crore INR.

ICICI  Bank operates over 5900 branches across India and has a presence in 17 countries through subsidiaries such as the UK and Canada besides having a strong foothold US Singapore Bahrain Hong Kong Qatar Oman Dubai International Finance Centre China South Africa, with representative offices located strategically in UAE Bangladesh Malaysia Indonesia.

State Bank of India

State Bank of India

The State Bank of India (SBI), founded way back in 1806, has grown into one of the largest and most diversified banks and also one of the top 10 companies in India, operating within the Indian financial realm with an impressive repertoire offering wide range monetary solutions tailored towards different sectors – retail banking, corporate sector services, investment banking and wealth management.

This prominent institution stands as a key player amidst competitive dynamics present in India’s bustling banking industry

SBI gained itself a reputation as the best company in India in the banking sector, by maintaining its strong foothold by focusing on digital transformation endeavors evident from recent launches involving assorted e-banking facilities designed to elevate customer experience while holding a current market capitalization of 745,695.95 Crore INR (as of latest information).

Life Insurance Corporation of India

Life Insurance Corporation of India

Life Insurance Corporation (LIC) represents an eminent Indian multinational public sector life insurance organization headquartered in Mumbai since its establishment year back in 1956 as a leading entity within the national landscape offering a comprehensive range of insurance products such as policies covering life, health, and pension plans.

Being counted amongst the largest companies within India, LIC’s market capitalization stands at 636,737.52 crore INR reflective of its stature and contributions towards the insurance industry in general.



Infosys stands tall among the top 10 companies in India, being a renowned multinational tech company headquartered in Bangalore with roots dating back to 1981. Over the years, it has made its mark as an influential player within the global IT industry offering cutting-edge services encompassing domains like business consultancy, information technology, and outsourcing solutions that cater to various needs of clients across different sectors.

Infosys holds a strong reputation globally, consistently ranking among the topmost respected companies worldwide while being recognized as one of the foremost Information Technology Services brands on an international scale.

The company has significantly contributed to India’s transformation into a global software services hub by pioneering the Global Delivery Model and becoming the first Indian IT organization listed on NASDAQ.

On June 10th, 2024, tech giants GitHub and Infosys introduced the first-ever ‘GitHub Center of Excellence’ in Bangalore – aimed at propelling worldwide economic growth through AI technologies and advanced software solutions. By incorporating GitHub Copilot into their developer teams, this collaboration boosts speed and efficiency for Global Systems Integrators when developing complex projects.

Infosys’ financial performance in terms of market capitalization stands at 621,019.74 Crore INR. Committed to upholding technological excellence, Infosys maintains a focus on innovation to ensure that it continues delivering high-quality services catered specifically according to client requirements thereby solidifying itself as an integral part of India’s advanced tech landscape.

Hindustan Unilever Limited

Hindustan Unilever Limited

Hindustan Unilever Limited (HUL), a premier consumer goods company in India and also one of the top 10 companies in India, offers an extensive range of products catering to diverse segments such as foods and beverages, personal care solutions including hygiene items & household cleaning essentials.

Established back in 1933 this industry giant has over time grown substantially into one of the major players within the Indian Consumer Goods Market.

HUL’s core business involves manufacturing and marketing an array of consumer goods comprising edible oils, home care products, toiletries to skincare essentials all geared towards delivering customer satisfaction through continuous innovation and sustainability practices.

This strategic approach ensures long-term growth while maintaining the ecological balance thus aligning well with modern market trends.

On June 10th, 2024, Hindustan Unilever Limited (HUL) appointed Arun Neelakantan as the new Executive Director of Customer Development following Kedar Lele’s departure from

this role.

As a result of these efforts and robust strategies implemented over the years, its current Market Cap stands at around 600,637.76 Crore INR making it one of the leading consumer goods companies in India committed to value creation through sustained innovation & sustainability practices that benefit all stakeholders involved.



ITC Ltd, a leading Indian conglomerate, boasts of its diversified presence, spanning across sectors such as foods, personal care products and hygiene goods, paperboards, and agri-business among others.

Established in the year 1867, this established entity has since expanded exponentially into major economic contributors within numerous industries while consistently maintaining market capitalization at approximately 540,588.44 Crore INR.

On June 6, 2024, ITC’s shareholders agreed on demerging the Hotels division with almost unanimous approval, 99.6%. This decision created a new subsidiary named ‘ITC Hotels Ltd.’ where ITC shareholders own 60% and another 40% is held by ITC itself, keeping full control over their hotel business economically.


Here we discussed the top companies in India, analyzed by their market cap. These companies have shaped the landscape of the Indian economy, from Information technology to banking sectors. Knowing about these companies is important to appreciate the value of diverse businesses for any economy to sustain and thrive.

The future of the corporate industry seems promising, with new players arising in the scene. The market, which is highly competitive where the leaderboard can change anytime, and the new atmosphere of innovations from cloud computing to AI, bring forth new sectors of companies and consumer markets into the economy.

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