List of largest companies in India

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

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

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

See also

• List of most valuable companies in India
• List of companies of India
• List of largest employers in India
• List of largest companies by revenue
• List of public sector undertakings in India

References

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.