2023 Forbes list
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 2023. All 50 companies from India in the Forbes 2000 are listed. [2]
| Rank | Name | Industry | Revenue (billions US$) | Headquarters |
|---|---|---|---|---|
| 1 | Reliance Industries | Conglomerate |  109.43 | Mumbai |
| 2 | Indian Oil Corporation | Oil and gas | 103.42 | New Delhi |
| 3 | Life Insurance Corporation | Banking | 100.35 | Mumbai |
| 4 | Oil and Natural Gas Corporation | Oil and gas | 86.06 | New Delhi |
| 5 | Bharat Petroleum | Oil and gas | 58.84 | Mumbai |
| 6 | State Bank of India | Banking | 56.54 | Mumbai |
 4 | HDFC Bank | Banking | 25.47 | Mumbai |
| 5 | ICICI Bank | Banking | 23.17 | Mumbai |
 7 | HDFC | Financials | 19.04 | Mumbai |
| 9 | Tata Consultancy Services | Infotech | 27.9 | Mumbai |
| 10 | Tata Steel | Iron and steel | 30.28 | Mumbai |
| 11 | Axis Bank | Banking | 13.21 | Mumbai |
| 12 | NTPC Limited | Utilities | 21.25 | New Delhi |
| 13 | Larsen & Toubro | Capital goods | 22.62 | Mumbai |
| 14 | Infosys | Infotech | 18.26 | Bangalore |
| 15 | JSW Steel Ltd | Iron and steel | 9.50 | Mumbai |
| 16 | Vedanta Limited | Metals and mining | 16.38 | Mumbai |
| 18 | Kotak Mahindra Bank | Banking | 7.92 | Mumbai |
| 19 | Hindalco Industries | Metals and mining | 24.33 | Mumbai |
| 20 | Bharti Airtel | Telecommunication | 17.12 | New Delhi |
| 21 | Coal India | Metals and mining | 14.03 | Kolkata |
| 22 | Tata Motors | Automotive | 39.04 | Mumbai |
| 23 | Power Finance Corporation | Financials | 10.15 | New Delhi |
| 24 | HCL Technologies | Infotech | 11.19 | Noida |
| 25 | Wipro | Infotech | 10.07 | Bangalore |
| 26 | Power Grid Corporation of India | Utilities | 5.61 | Gurgaon |
| 27 | Grasim Industries | Diversified | 12.35 | Mumbai |
| 28 | ITC Limited | Consumer Goods | 7.91 | Kolkata |
| 29 | Bajaj Finserv | Financials | 8.64 | Pune |
| 30 | Canara Bank | Banking | 12.68 | Bangalore |
| 31 | Bank of Baroda | Banking | 12.06 | Vadodara |
| 32 | Union Bank of India | Banking | 11.28 | Mumbai |
| 33 | Punjab National Bank | Banking | 12.1 | New Delhi |
| 34 | Mahindra & Mahindra | Automotive | 11.59 | Mumbai |
| 35 | Steel Authority of India | Iron and steel | 12.98 | New Delhi |
| 36 | GAIL | Oil and gas | 10.98 | New Delhi |
| 37 | Indian Bank | Banking | 6.17 | Chennai |
| 38 | Sun Pharmaceutical | Pharmaceuticals | 5.10 | Mumbai |
| 39 | Indian Railway Finance Corporation | Financials | 2.55 | New Delhi |
| 40 | Adani Enterprises | Consumer Goods | 7.86 | Ahmedabad |
| 41 | IndusInd Bank | Banking | 5.09 | Mumbai |
| 42 | Bank of India | Banking | 6.26 | Mumbai |
| 43 | Adani Ports & SEZ Limited | Shipping | 2.10 | Ahmedabad |
| 44 | Adani Green Energy | Renewable energy | 0.41 | Ahmedabad |
| 45 | Rajesh Exports | Gems and jewellery | 30.00 | Bangalore |
| 46 | Asian Paints | Chemicals | 3.77 | Mumbai |
| 47 | Adani Transmission | Utilities | 1.49 | Ahmedabad |
| 48 | Tech Mahindra | Infotech | 5.72 | Pune |
| 49 | Adani Total Gas | Oil and gas | 0.35 | Ahmedabad |
| 50 | Bajaj Auto | Automotive | 4.54 | Pune |
| 51 | DMart | Retail | 4.00 | Mumbai |
| 52 | Adyar Ananda Bhavan | Retail | 4.00 | Chennai |