Learn about industry leaders like Reliance, TCS, HDFC Bank, Bharti Airtel, and more
Market capitalization (market cap) serves as a critical indicator of a company’s overall value. It represents the total value of a company’s outstanding shares and is an essential metric for investors and market analysts. India, being one of the fastest-growing economies, hosts several large corporations that command significant influence both domestically and internationally.
In this article, we will explore India’s top 10 companies by market capitalization in 2024. These companies, spanning diverse industries such as technology, telecommunications, finance, and consumer goods, have not only shaped the Indian economy but have also carved a niche in the global business landscape.
1. Reliance Industries Ltd.
Market Cap: ₹2,013,804.45 crore
Last Price: ₹2,976.35
52-Week High: ₹3,217.90
52-Week Low: ₹2,221.05
Reliance Industries Limited (RIL), spearheaded by Mukesh Ambani, remains the largest company in India by market capitalization. With its diversified business interests in oil and gas, telecommunications (Jio), retail, and digital services, Reliance has become a key player in various sectors.
The company’s significant investment in Jio Platforms has revolutionized India’s telecommunications sector, making high-speed internet accessible to millions of Indians. This strategic move has helped Reliance diversify from its core oil and petrochemicals business to technology and consumer-focused services. The launch of Jio 5G and continued expansion into e-commerce through JioMart are expected to boost growth further. With a market cap exceeding ₹2 lakh crore, Reliance continues to hold the top position.
2. Tata Consultancy Services (TCS)
Market Cap: ₹1,537,072.12 crore
Last Price: ₹4,248.30
52-Week High: ₹4,585.90
52-Week Low: ₹3,313.00
Tata Consultancy Services (TCS) is the largest IT services company in India and a major player globally. Known for its world-class software services, consultancy, and business solutions, TCS consistently ranks as one of the most valuable companies in India.
TCS’s dominance in the IT sector is driven by its deep expertise in emerging technologies such as artificial intelligence, blockchain, cloud computing, and cybersecurity. The company continues to capitalize on the global digital transformation trends as businesses across the globe shift towards automation and digitization. With a market cap exceeding ₹1.5 lakh crore, TCS remains a pillar of the Indian IT industry.
3. HDFC Bank
Market Cap: ₹1,357,898.70 crore
Last Price: ₹1,780.00
52-Week High: ₹1,791.90
52-Week Low: ₹1,363.45
HDFC Bank is India’s largest private sector bank by assets and market cap. It has established itself as a leader in retail banking, catering to millions of customers through its extensive network of branches and digital platforms. HDFC Bank’s strong presence in both urban and rural India, along with its emphasis on digital banking, has helped it maintain a dominant position.
In 2024, HDFC Bank continues to benefit from its strong loan book, low non-performing assets (NPAs), and a customer-centric approach. Its merger with parent company HDFC Ltd. has further strengthened its market position, creating one of the most formidable financial institutions in India.
4. Bharti Airtel
Market Cap: ₹1,016,794.58 crore
Last Price: ₹1,755.75
52-Week High: ₹1,767.00
52-Week Low: ₹896.00
Bharti Airtel, one of India’s largest telecommunications providers, has maintained its stronghold in the telecom sector. As the key competitor to Reliance Jio, Airtel has focused on expanding its 5G services, strengthening its mobile data network, and investing in fiber broadband to stay ahead in the game.
Airtel’s international presence, spanning 18 countries across Asia and Africa, adds to its diversified revenue stream. Its ability to consistently upgrade its technology and improve customer experience has been pivotal in maintaining its leadership position. With a market cap exceeding ₹1 lakh crore, Airtel is well-positioned to continue its growth trajectory.
5. ICICI Bank
Market Cap: ₹934,705.64 crore
Last Price: ₹1,326.65
52-Week High: ₹1,361.35
52-Week Low: ₹898.85
ICICI Bank is another major player in India’s banking sector and one of the top private sector banks. Known for its diverse product portfolio, ranging from retail banking to corporate banking and wealth management, ICICI Bank has maintained strong financial performance.
In recent years, ICICI has aggressively expanded its digital banking services, aiming to provide seamless, technology-driven financial solutions. Its focus on reducing NPAs, improving asset quality, and expanding its digital offerings has helped the bank stay competitive. With a market cap close to ₹1 lakh crore, ICICI Bank continues to be a vital player in the financial landscape.
6. Infosys
Market Cap: ₹781,849.25 crore
Last Price: ₹1,883.00
52-Week High: ₹1,975.05
52-Week Low: ₹1,352.00
Infosys, one of India’s leading IT companies, continues to be a top performer in the technology sector. It offers IT consulting, software development, and outsourcing services to clients across the globe. Infosys has been a key player in helping businesses with digital transformation, cloud services, and data analytics.
In 2024, Infosys remains focused on innovation, leveraging technologies like artificial intelligence and machine learning to meet client demands. Despite global economic headwinds, Infosys’s robust financial performance and steady client acquisitions have contributed to its strong market capitalization.
7. State Bank of India (SBI)
Market Cap: ₹706,159.96 crore
Last Price: ₹791.25
52-Week High: ₹912.10
52-Week Low: ₹543.15
State Bank of India (SBI) is the largest public sector bank in India and holds a dominant position in the country’s banking system. SBI’s widespread network of branches, especially in rural and semi-urban areas, has helped it remain relevant in an increasingly digital economy.
SBI has made significant investments in digital banking services and fintech to cater to the needs of a younger population. Its ability to manage NPAs, expand its loan book, and maintain a healthy balance sheet has helped it maintain its status as a market leader. With a market cap over ₹70,000 crore, SBI remains a pillar of India’s financial sector.
8. Hindustan Unilever Limited (HUL)
Market Cap: ₹687,255.44 crore
Last Price: ₹2,925.00
52-Week High: ₹3,034.50
52-Week Low: ₹2,170.25
Hindustan Unilever Limited (HUL) is India’s largest consumer goods company, with a portfolio that includes household names such as Dove, Surf Excel, and Lux. HUL has consistently delivered strong financial results, driven by its ability to adapt to changing consumer preferences and economic conditions.
In 2024, HUL continues to focus on product innovation and sustainability initiatives. The company’s extensive distribution network and brand equity have ensured its continued dominance in India’s fast-moving consumer goods (FMCG) sector. HUL’s market cap exceeding ₹68,000 crore is a testament to its market leadership.
9. Life Insurance Corporation of India (LIC)
Market Cap: ₹642,872.77 crore
Last Price: ₹1,016.40
52-Week High: ₹1,221.50
52-Week Low: ₹597.65
Life Insurance Corporation of India (LIC) is the largest life insurance company in the country. Despite the challenges posed by new private players, LIC has managed to retain a significant share of the life insurance market.
In 2024, LIC remains focused on expanding its customer base through innovative insurance products and improved digital services. The company has also diversified its investment portfolio, ensuring steady returns. With a market cap exceeding ₹64,000 crore, LIC continues to be a leading player in the insurance sector.
10. ITC Limited
Market Cap: ₹644,016.26 crore
Last Price: ₹514.90
52-Week High: ₹520.40
52-Week Low: ₹399.30
ITC Limited, a diversified conglomerate with interests in FMCG, hotels, paperboards, packaging, and agri-business, remains a top performer in the Indian market. ITC’s cigarette business contributes significantly to its revenue, but the company has been actively expanding its FMCG segment, which now includes food, personal care, and stationery products.
In 2024, ITC’s focus on sustainability and innovation continues to drive growth. The company’s hotel business is also recovering post-pandemic, contributing to its overall performance. With a market cap of over ₹64,000 crore, ITC remains a major player in India’s corporate landscape.
India’s top 10 companies by market capitalization represent a diverse range of industries, from telecommunications and IT to banking, consumer goods, and insurance. These corporations are not only market leaders in their respective sectors but also contribute significantly to India’s economic growth. Their continued focus on innovation, digital transformation, and customer-centric strategies will likely ensure their dominance in the years to come. As India’s economy continues to evolve, these companies will play a pivotal role in shaping the country’s future.
