India’s corporate landscape has undergone significant changes in recent years. The country is now home to some of the world’s largest and most influential corporations, with some of the biggest companies in India like Tata, Reliance Industries, and Infosys leading the way in their respective industries. These companies have established themselves as global players, expanding their operations beyond India’s borders and contributing to the country’s economic growth. India’s growth as a corporate and financial superpower is a testament to the country’s entrepreneurial spirit, its commitment to economic reform, and the resilience of its people. With a young and dynamic workforce, a vibrant startup ecosystem, and a growing middle class, India is well-positioned to continue its ascent as a major player in the global economy.
This is also a reason why India is home to some of the world’s largest and most influential corporations, spanning a wide range of industries from technology to energy and manufacturing. The Indian economy has undergone significant growth and transformation over the past few decades, and these companies have played a crucial role in driving that progress. In this blog, we will explore the top 11 biggest companies in India, which have established themselves as leaders in their respective fields and contributed significantly to the country’s economic growth. We will delve into their histories, their current operations, and the factors that make them who they are, giving you a comprehensive understanding of the Indian corporate landscape. Whether you’re an investor, a young professional looking for prospects, or simply curious about the Indian economy, this blog will provide valuable insights into some of the most influential companies in the country.
First on the list of the top 11 biggest companies in India is Reliance Industries Limited! Reliance Industries Limited (RIL) is India’s largest private sector company, with a market capitalization of over $200 billion. Founded in 1960 by Dhirubhai Ambani, RIL has expanded its operations from textiles to petrochemicals, refining, oil and gas exploration, and retail. RIL is also a significant player in the Indian telecommunications industry, with its subsidiary Reliance Jio Infocomm disrupting the market with low-cost data plans.
Definitely one of the biggest companies in India, Tata Group is a multinational conglomerate with a history dating back to 1868. The company operates in over 100 countries, with interests in steel, automobiles, chemicals, hospitality, and more. Tata Group is known for its social responsibility initiatives, including funding education and healthcare programs in rural areas.
Indian Oil Corporation (IOC) is one of the biggest companies in India, with a revenue of over $80 billion. The company is primarily engaged in refining, pipeline transportation, and marketing of petroleum products. IOC also has a presence in the natural gas and petrochemicals sectors.
State Bank of India (SBI) is the country’s largest commercial bank and one of the biggest companies in India, with a network of over 24,000 branches and 59,000 ATMs. SBI has a significant presence in international markets, with branches in over 35 countries. The bank offers a range of financial services, including retail and corporate banking, insurance, and investment banking.
Coal India Limited (CIL) is the world’s largest coal mining company and largest company in India in the industry, responsible for over 80% of India’s coal production. CIL operates 369 mines in eight states across India, and its subsidiaries are involved in power generation, railway transportation, and exploration of alternative sources of energy.
Possibly the biggest IT company in India, Larsen and Toubro is next on this list! Larsen & Toubro (L&T) is a technology, engineering, construction, and manufacturing conglomerate. The company operates in over 30 countries and has a workforce of over 130,000 employees. L&T is involved in infrastructure projects, defence and aerospace, and the manufacture of heavy machinery.
Oil and Natural Gas Corporation (ONGC) is India’s largest oil and gas exploration company, operating in 17 countries. ONGC is responsible for over 70% of India’s domestic crude oil production and is also involved in refining, marketing, and petrochemicals.
Infosys, another contender for the title of the biggest IT company in India, is a global leader in technology consulting and services, with a presence in over 50 countries which makes it one the biggest companies in India and world over. The company provides a range of services, including application development, business process management, and engineering services. Infosys is also known for its focus on sustainability, with initiatives aimed at reducing its carbon footprint and promoting renewable energy.
Housing Development Finance Corporation (HDFC) is India’s largest housing finance company, with a market capitalization of over $100 billion. HDFC provides a range of financial services, including home loans, insurance, and mutual funds. The company has a significant presence in international markets, with subsidiaries in Dubai, London, and Singapore.
Wipro Limited is a global leader in IT services, consulting, and business process outsourcing. Wipro was founded in 1945 and has its headquarters in Bangalore, India. Wipro operates in over 50 countries and provides a range of services, including digital transformation, cloud computing, cybersecurity, and engineering services. The company has a workforce of over 200,000 employees and serves clients in various industries, including healthcare, banking, and retail. According to some, the biggest it company in India today, Wipro is one of the most sought companies among young professionals.
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Bharat Petroleum Corporation Limited (BPCL) is a state-owned oil and gas company with its headquarters in Mumbai, India. BPCL was founded in 1952 and is one of the largest oil refining and marketing companies in India. The company operates refineries in Mumbai and Kochi and is involved in the exploration and production of oil and gas. BPCL also has a presence in the petrochemicals and lubricants sectors and is involved in the marketing and distribution of liquefied petroleum gas (LPG). The company has a workforce of over 12,000 employees and operates over 17,000 retail outlets across India.
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The criteria used to determine the top 11 biggest companies in India include market capitalization, revenue, profit, and overall brand value.
The majority of the biggest companies in India belong to the oil and gas, banking, and technology industries.
As of 2021, the combined market capitalization of these companies is over $1.5 trillion.
The rankings of the biggest companies in India have changed over the years, with some companies moving up or down the list due to changes in market conditions, industry trends, and company performance. According to the economic times ranking, Reliance Industries topped the list since 2020 till now. However, Indian Oil Corporation Limited and State Bank of India have switched each other for the second position!
Yes, some of the biggest companies in India are owned by the government, including Indian Oil Corporation and State Bank of India, which compete for the top 3 ranks of the companies in India, every year.
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