Largest Indian companies by market cap in 2025
India, currently the world’s 5th largest economy, is projected to become the 3rd largest by 2027, driven by robust economic growth and a thriving business ecosystem. The country is home to some of the world’s leading companies. Top Indian Companies has business across diverse sectors, including oil & gas, information technology, and banking.
As of 2025, Reliance Industries holds the title of the largest Indian company by market capitalization, with a valuation exceeding $190 billion, closely followed by Tata Consultancy Services (TCS)
What is Market Cap
Market capitalization or market cap is the total value of the company’s outstanding shares owned by stakeholders.
Market Cap = Current Stock Price × Total Number of Outstanding Shares
Top Indian Companies by M cap in 2025
The biggest Indian companies are leaders in diverse sectors, including banking, information technology (IT), oil & gas, telecom, and fast-moving consumer goods (FMCG)
1. Reliance Industries
- Market Cap: $192 Billion
- Industry: Oil and Gas
- Headquarter: Mumbai
2. TATA Consultancy Services(TCS)
- Market Cap: $173 billion
- Industry: IT services
- Headquarter: Mumbai
3. HDFC Bank
- Market Cap: $158 billion
- Industry: Banking and Financial Services
- Headquarter: Mumbai
4. Bharti Airtel
- Market Cap: $111 billion
- Industry: Telecom
- Headquarter: New Delhi
5. ICICI Bank
- Market Cap: $105 billion
- Industry: Banking and Financial Services
- Headquarter: Mumbai
6. Infosys
- Market Cap: $94 billion
- Industry: IT services
- Headquarter: Bengaluru
7. State Bank of India
- Market Cap: $81 billion
- Industry: Banking and Financial Services
- Headquarter: Mumbai
8. Hindustan Unilever(HUL)
- Market Cap: $65 billion
- Industry: FMCG
- Headquarter: Mumbai
9. Life Insurance Corporation of India(LIC)
- Market Cap: $65 billion
- Industry: Insurance
- Headquarter: New Delhi
10. ITC
- Market Cap: $65 billion
- Industry: Tobacco & FMCG
- Headquarter: Kolkata
HCL technologies, L&T, Bajaj Finance, Sun Pharma, Mahindra and Mahindra, Maruti Suzuki, Kotak bank, Ultra tech Cement, Axis Bank and ONGC are next 10 biggest companies by Market Capitalization.
- 6 out of 10 companies have Headquarter in Mumbai and 2 in Delhi, one each in Kolkata and Bengaluru.
- 3 out of 10 are from banking sectors, 2 from IT services, one from oil and gas, telecom, insurance, FMCG and tobacco each.
- 3 companies has Market cap above $150 billion, 5 above $100 billion.
Note: Market cap is variable and depends on the share prices of the company. The above list is based on the share prices during the first week of January 2025.
