India is a very fast developing nation and its economy is one of the main reasons for it. India’s economy is 6th largest in the world in terms of nominal GDP. However, India’s rank in per capita GDP is very low, which is 139th. But India’s economy is developing very fast and the reason for this is the companies that contribute to India’s economy. It includes are both Governments owned as well as private. The government-owned companies contribute 38 percent to the total revenue and private ones contribute 56.7 percent to the total revenue.
Both of these sectors have shown very heavy growth throughout the years making Indian economy stronger. To make a list of India’s top companies we have considered a factor called market capitalization, which is the product of the company’s share price and the total number of stocks. So’ here is a list of Top 10 India’s Biggest and Popular Companies.
1. TATA Consultancy Services (TCS)
TATA Consultancy Services often called as TCS is an Indian tech private giant which was formed in 1968 and has its headquarters in Mumbai, Maharashtra. TCS basically deals with IT services and business-related consultancy services. It is India’s biggest company in terms of market capitalization, which is a whopping Rs 473,149.01 crore. Its annual revenue is $16.54 billion. TCS has also named 64th most Most Innovative Company in the world in a Forbe’s list. TATA Consultancy Services is one of the main employers of the private sector of India. They have 378,500 employees in offices across 46 countries.
2. Reliance Industries Limited (RIL)
Reliance Industries Limited is also a private company which was formed back in the year 1966. Its headquarters is also located in Mumbai and is often called as RIL. It has a market capitalization of Rs. 459,006.5 crore and has an annual revenue equal to $44 billion. RIL basically deals in a lot of fields that includes petroleum, natural gas, petrochemicals, textiles, retail, telecommunications, and production of polyester. Reliance Industries Limited has a total 187,729 employees.
3. HDFC Bank
HDFC is a private Bank that deals in banking and financial services. It was formed in 1994 and it is the second-largest private company in terms of total assets. It has 4,281 branches and over 12,054 ATMs all over India where 90,421 employees work. It has a total market capitalization of Rs. 366,692.6 crore, which makes it the third entry on our list. Last year HDFC made a revenue of $11 billion. HDFC was first formed in 1977 as the name of Housing Development Finance Corporation, which was a mortgage company. IN 1994 it was opened as a banking and financial service.
4. ITC Limited
ITC is an Indian multinational company, which deals in five segments that include consumer goods, hotels, paperboards & packaging, Information Technology, and Agri-Business. It is one of the oldest companies in India and it was formed back in 1910. It has a market capitalization of Rs. 338,582.98 crore and an annual revenue of $8 billion. Its headquarters is located in Kolkata, West Bengal, India and it has 60 offices in India. ITC has a total 25,000 employees and a net income of $1.4 billion. In 1910 ITC was formed by the name of Imperial Tobacco Company but in 1970 its name was changed to India Tobacco Company.
5. Oil and Natural Gas Corporation
Oil and Natural Gas Corporation often called as ONGC is a Government-owned company. As its name suggests it deals in Oil and Natural Gas. It was formed back in 1956 and it produces 77% of crude oil and 62% of Natural Gas of the whole of India. It has a huge market capitalization of Rs. 239,019.01 crore and annual revenue of $21 billion. IN 2017 ONGC generated Rs. 81,399.36 crore. Its headquarters is located in New Delhi and it has a total Rs. 81,399.36 crore. Earlier ONGC has its headquarters in Dehradun, the capital of state Uttarakhand.
6. State Bank of India
State Bank of India is often called as SBI it is a Government company that deals in banking and finance. It is a multinational company and has offices in 36 countries with over 14,000 branches. It was formed in 1955. Currently, its headquarters is located in Mumbai, Maharashtra and it deals in consumer banking, corporate banking, finance and insurance, investment banking, and mortgage loans. It has a market capitalization of Rs. 237,092.15 crore and an annual revenue of $41 billion.
7.) Housing Development Finance Corporation (HDFC)
Don’t get confused by the HDFC bank which we have mentioned earlier. It is the parent company of HDFC bank, which was formed in 1977. Housing Development Finance Corporation Limited (HDFC) basically deals in housing finance. HDFC has funded 50 lakh units till now which include both housing and non-housing loans. It has a total market capitalization of Rs. 236,328.46 crore and an annual revenue of $4.63 billion. Its total net income is $1.06 billion and its headquarters is located in Mumbai, Maharashtra.
Infosys was formed in 1981 and it is India’s largest IT company. It is a multinational company it provides various services that include business consulting, information technology and outsourcing services. It has its headquarters in Bengaluru, Karnataka. Infosys has 85 sales and marketing offices and 114 development centers around the globe. Its market capitalization is Rs. 228,764.2 crore and has an annual revenue of $10.1 billion. It is one of the biggest employers in India with more than 199,829 employees.
9. Hindustan Unilever Limited
Hindustan Unilever Limited (HUL) is not a completely Indian company its 67 percent share is owned by an Anglo-Dutch company called Unilever. It was formed back in 1933 and deals in consumer products like foods, beverages, cleaning agents, water purifiers and personal care products. It has 35 sub-brands that include some big names like Lux, Dove, Fair & Lovely, and Pears. HUL has 60 lakh outlets in India and its market capitalization is Rs. 202,435.43 crore with an annual revenue of $4.5 billion.
10. Maruti Suzuki
Maruti Suzuki was formed as Maruti Udyog but now when its 56.21% share is owned by Japanese auto-giant Suzuki it is called as Maruti Suzuki. It is the auto giant of India by owning 51% share of the Indian passenger car market, which can be clearly called dominating. Currently, 12,900 employees are working for Maruti Suzuki and its headquarters is located in New Delhi. Maruti has produced some of the most popular cars in India that include Swift Dzire, Ciaz, Wagon R, Alto, Omni and many more. It has a market capitalization of Rs. 191,591.26 crore and an annual revenue of $8.7 billion.