India, an economy that is growing quickly, is home to some of the most valuable companies in the world. These businesses, which operate in a variety of industries including consumer goods, technology, and finance, have a major positive impact on India’s economic expansion.
A list of the top 7 Indian companies in India by market valuation, as of February 20, 2024, along with their respective values and percentage changes from a year ago:
Reliance Industries – Top Indian Companies
Reliance Industries, the oil-to-telecom conglomerate, leads the pack with a market cap of Rs 19.88 lakh crore, which is more than the combined value of the next three companies. Reliance has been on a fundraising spree since last year, selling stakes in its digital and retail arms to global investors such as Facebook, Google, Silver Lake, and Saudi Aramco. The company also became the first Indian firm to cross the $200 billion mark in market cap in September 2020.
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Tata Consultancy Services
TCS, India’s largest IT services company, follows Reliance with a market cap of Rs 14.4 lakh crore. TCS has been benefiting from the increased demand for digital transformation and cloud services amid the pandemic, as well as its strong client relationships and execution capabilities. The company also announced a mega Rs 16,000 crore buyback plan in October 2020, which boosted its share price.
HDFC Bank
HDFC Bank, the country’s largest private sector lender, ranks third with a market cap of Rs 10.8 lakh crore. HDFC Bank has been posting consistent growth in its net profit and net interest income, despite the challenges posed by the pandemic and the RBI’s moratorium on loan repayments. The bank also has a low non-performing asset (NPA) ratio and a high capital adequacy ratio, which reflect its financial strength and stability.
ICICI Bank
ICICI Bank, another leading private sector bank, occupies the fourth spot with a market cap of Rs 7.2 lakh crore. ICICI Bank has seen a remarkable turnaround in its asset quality and profitability, as it reduced its bad loans and improved its provision coverage ratio. The bank also has a diversified loan portfolio and a strong retail franchise, which have helped it weather the pandemic-induced slowdown.
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Infosys
Infosys, the second-largest IT services company in India, comes fifth with a market cap of Rs 6.48 lakh crore. Infosys has outperformed its peers in terms of revenue growth and margin expansion, as it won several large deals and increased its digital offerings. The company also raised its revenue and margin guidance for the fiscal year 2024, signaling its confidence in the future outlook.
State Bank of India
SBI, the country’s largest public sector bank, ranks sixth with a market cap of Rs 5.76 lakh crore. SBI has been able to maintain its market share and profitability, despite the stiff competition from private and foreign banks. The bank also has a strong presence in rural and semi-urban areas, which gives it an edge over its rivals. SBI also has a robust capital base and a low cost-to-income ratio, which enhance its operational efficiency.
Bharti Airtel
Bharti Airtel, the second-largest telecom operator in India, stands seventh with a market cap of Rs 4.32 lakh crore. Bharti Airtel has been gaining subscribers and revenue market share, as it offers better quality of service and network coverage than its competitors. The company also has a diversified business portfolio, which includes digital services, enterprise solutions, and international operations.
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These are the top 7 Indian companies by market cap, which have shown resilience and growth in the face of the pandemic and the economic slowdown. They have also created value for their shareholders and stakeholders, and contributed to the development of the country.
These companies are likely to continue their dominance and leadership in their respective sectors, as they leverage their strengths and opportunities in the post-pandemic world.
Last Updated on 11 months
