According to the 2021 data published by the International Monetary Fund (IMF), India is the sixth-largest economy in the world in terms of nominal Gross Domestic Product (GDP), which is valued to be worth US$ 3.04 trillion and estimated to a gdp growth rate of 9.5% in the upcoming year.
India’s stock market capitalization hit $3 trillion in May, fuelled by a rally in small and mid-cap stocks on the BSE.
In rupee terms, India’s current market value is pegged at ₹218.05 trillion, raising investors’ wealth by ₹30.01 trillion or $42.01 billion this year, despite pandemic worries and localized curbs affecting sentiments
The only other countries that have a stock market capitalization of more than $3 trillion are the US, China, Hong Kong, Japan, UK, France, and Canada
What is Market Capitalization?
Market capitalization is the aggregate valuation of the company based on its current share price and the total number of outstanding stocks. It is calculated by
Market capitalization = (Current market price of 1 share)*(total number of outstanding shares)
It helps to classify the companies into different types like large-cap, mid-cap, and small-cap companies. The companies with a market cap of Rs 28,500 crore or more are large-cap stocks. Company stocks with a market cap between Rs 8,500 crore and 28,500 crores are mid-cap stocks and those less than Rs 8,500 crore market cap are small-cap stocks
1. Reliance Industries
Reliance Industries Limited (RIL) is an Indian multinational company
headquartered in Mumbai, currently headed by Mukesh Ambani. The company was
co-founded by Dhirubhai Ambani and Champaklal Damani in the 1960s as Reliance
Commercial Corporation.
Reliance owns businesses across India engaged in energy, petrochemicals,
textiles, natural resources, retail, and telecommunications. Reliance is one of
the most profitable companies in India. The market capitalization value of RIL
is Rs. 13,76,351 Crores with a current price of Rs. 2,035.45.
2. Tata Consultancy Services (TCS)
Tata Consultancy Services Limited (TCS) is an Indian multinational
information technology (IT) service and consulting company headquartered in
Mumbai, Maharashtra, India. It is a subsidiary of Tata Group and operates in
149 locations across 46 countries.
TCS is the biggest IT company in India and the second-largest Indian
company by market capitalization. TCS is now placed among the most valuable IT
services brands worldwide. The market capitalization value of TCS is Rs.
11,71,674 Crores with a current price of Rs. 3,167.50.
3. HDFC Bank
HDFC Bank is an Indian banking and financial services company that was
incorporated in 1994, with its registered office in Mumbai, India. Its first
corporate office at Sandoz House, Worli was inaugurated by the then Union
Finance Minister, Manmohan Singh. It is the largest private bank in India.
As of March 2020, it had a base of 1,16,971 permanent employees
with 5,130 branches across 2,764 cities. It is India’s largest private sector lender
by assets and market capitalization. It has a market capitalization value of
Rs. 7,88,769 Crores with a current price of Rs. 1,425.80.
4. Infosys
Infosys Limited is an Indian multinational corporation that provides
business consulting, information technology, and outsourcing services and was originally
founded in 1981.
It is the second-largest Indian IT company after Tata Consultancy
Services with its headquarters in Bangalore, Karnataka, India. The market
capitalization value of Infosys is Rs. 6,82,678 Crores with a current price of
Rs. 1,610.25.
5. Hindustan Unilever (HUL)
Hindustan Unilever Limited (HUL) was established in 1933. It is a British-Dutch
manufacturing company headquartered in Mumbai, India. Its products include
foods, beverages, cleaning agents, personal care products, water purifiers, and
consumer goods.
As of 2020 Hindustan Unilever’s portfolio had 35 product brands in 20
categories with 18,000 employees and sales of Rs. 47,029
crores in 2020-21. The market capitalization value of Hindustan
Unilever is Rs. 5,48,405 Crores with a current price of Rs. 2,334.05.
6. ICICI Bank
ICICI Bank is an Indian multinational banking and financial services
company headquartered in Mumbai and its registered office in Vadodara, Gujarat.
It offers a wide range of banking products and financial services in the areas
of investment banking, life, non-life insurance, venture capital, and asset
management.
ICICI Bank has 5,275 branches and 15,589 ATMs across India and has a
presence in 17 countries including India as of February 2020. The market
capitalization value of ICICI bank is Rs. 4,72,849 crores with a current price
of Rs. 682.70.
7. Housing Development Finance Corporation Limited (HDFC)
Housing Development Finance Corporation Limited (HDFC) is an Indian
financial services company founded in 1977 as the first specialized mortgage
company in India based in Mumbai. It is a major provider of finance for housing
in India.
HDFC also has a presence in banking, life and general insurance, asset
management, venture capital, realty, education, deposits, and education loans.
The market capitalization value of HDFC is Rs. 4,40,739 Crores with a current
price of Rs. 2,440.75.
8. State Bank of India (SBI)
State Bank of India (SBI) is an
Indian multinational, public
sector banking and financial services statutory body
headquartered in Mumbai, Maharashtra. SBI has a 23% market share by assets
and a 25% share of the total loan and deposits market.
SBI has 22,141 branches and 58,555 ATMs as of 2020. The current market
capitalization value of the State Bank of India is Rs. 3,85,275 crores with the
latest share price of Rs. 431.70.
9. Bajaj Finance
Bajaj Finance Limited, a subsidiary of Bajaj Finserv, is an
Indian non-banking financial company (NBFC). The company deals
in consumer finance, SME (small and medium-sized enterprises) and
commercial lending, and wealth management.
Headquartered in Pune, Maharashtra, the company has 294 consumer
branches and 497 rural locations with over 33,000+ distribution points. Market
capitalization value of Bajaj Finance is Rs. 3,75,972 crores with a current
price of Rs. 6,228.90.
10. Kotak Mahindra Bank
Kotak Mahindra Bank is an Indian private sector bank headquartered in
Mumbai, India. Established in 1985 by Uday Kotak.
In February 2003, Kotak Mahindra Finance Ltd. (KMFL), the group’s
flagship company, received a banking license from the RBI. It offers banking
products and financial services in the areas of personal finance, investment
banking, general insurance, life insurance, and wealth management. It is the
third-largest Indian private sector bank by market capitalization value of Rs.
3,28,122 crores with a current price of Rs. 1,654.90.
Summary: Top 10
Companies in India by Market-cap
Here is the list of companies with the largest market cap in India with a few other popular companies:
|
Company |
Industry |
Market Cap (RS
CR) |
Current Price
(RS) |
1Yr Returns(%) |
|
Reliance Industries Ltd. |
Refineries |
13,76,351.73 |
2,035.40 |
-1.54 |
|
Tata Consultancy Services Ltd. |
IT - Software |
11,71,674.52 |
3,167.50 |
38.84 |
|
HDFC Bank Ltd. |
Bank - Private |
7,88,769.58 |
1,425.80 |
38.11 |
|
Infosys Ltd. |
IT - Software |
6,82,678.65 |
1,610.25 |
66.72 |
|
Hindustan Unilever Ltd. |
Household & Personal Products |
5,48,405.78 |
2,334.05 |
5.58 |
|
ICICI Bank Ltd. |
Bank - Private |
4,72,849.46 |
682.7 |
96.8 |
|
Housing Development Finance Corporation Ltd. |
Finance - Housing |
4,40,739.22 |
2,440.75 |
36.99 |
|
State Bank Of India |
Bank - Public |
3,85,275.48 |
431.7 |
125.54 |
|
Bajaj Finance Ltd. |
Finance - NBFC |
3,75,972.88 |
6,228.90 |
91.56 |
|
Kotak Mahindra Bank Ltd. |
Bank - Private |
3,28,122.81 |
1,654.95 |
21.16 |
|
Wipro Ltd. |
IT - Software |
3,21,412.43 |
586.6 |
108.99 |
|
Bharti Airtel Ltd. |
Telecommunication - Service Provider |
3,08,597.01 |
561.9 |
1.23 |
|
Asian Paints Ltd. |
Paints |
2,83,783.46 |
2,958.55 |
72.45 |
|
HCL Technologies Ltd. |
IT - Software |
2,78,272.79 |
1,025.45 |
45.34 |
|
ITC Ltd. |
Cigarettes-Tobacco |
2,52,348.03 |
205 |
5.56 |
|
Avenue Supermarts Ltd. |
Retailing |
2,26,756.77 |
3,500.55 |
69.66 |
|
Bajaj Finserv Ltd. |
Finance - Investment |
2,26,314.13 |
14,221.30 |
129.17 |
|
Larsen & Toubro Ltd. |
Engineering - Construction |
2,24,941.61 |
1,601.40 |
75.32 |
|
Ultratech Cement Ltd. |
Cement & Construction Materials |
2,20,064.03 |
7,623.75 |
85.05 |
|
Axis Bank Ltd. |
Bank - Private |
2,17,342.99 |
709 |
64.23 |
Disclaimer:
This data is updated in July 2021. As the stock price changes in the future,
market capitalization will also change. Hence, the list of top 10 companies in
India by market capitalization can also change in the future.
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