Market cap stands for the total market value of a firm’s outstanding shares of stock. Expanded as market capitalisation, it is calculated by multiplying the total number of a company’s outstanding shares by the present market price of one share.
Market cap is an important number to determine a company’s size. Since a company’s size is a very important characteristic of a company that interests the investors, the market cap of a company is calculated from time to time and analytically compared with those of other companies resembling its size. This list was updated on 17th August, 2023.
1. Reliance IndustriesWith a market cap of ₹1,736,458 crores Reliance Industries leads the Indian Industries with the highest market cap. The multinational conglomerate company is headquartered in Mumbai and engages in a range of businesses in the textiles, telecommunications, retail, natural resources, and petrochemical sectors.
2. TATA Consultancy ServicesWith a market cap of ₹1,252,950 crores, Tata Consultancy Services (TCS) is in the second position in the Indian industries list. TCS is an information technology (IT) services, business solutions, and consulting firm headquartered in Mumbai. TCS ranks among the global leaders in the IT services segment.
3. HDFC BankIn the third position with a market cap of ₹1,210,324 crores, HDFC Bank is among the leaders in the Indian financial and banking services firms. Incorporated in 1994, HDFC Bank was the first bank in India approved by the RBI to offer financial services in the private sector.
4. ICICI BankICICI bank’s market cap is ₹665,585 crores, and hence the firm is ranked in the fourth position among the largest Indian firms. ICICI bank provides a wide range of banking products and financial services to retail and corporate customers through its group customers and a variety of channels.
5. Hindustan UnileverHindustan Unilever has a market cap of ₹596,678 crores and is ranked the fifth among the
top 10 Indian companies in terms of market capitalisation. A leader in India’s fast-moving consumer goods (FMCG) segment, the company has a rich history of over 80 years. The company website says on any given day, nine out of ten Indian houses use the company’s products.
6. InfosysAt present, Infosys is valued at ₹583,706 crores in terms of the market value of the company, placing it in the Sixth position among the
top 10 Indian firms. Founded in 1981, Infosys is a global leader in the IT services segment.
7. ITC- ₹551,440 crores
8. SBISBI, at Eighth position, has a market of ₹486,703 crores. It is an Indian multinational, public sector banking and financial services statutory body with headquarters in Mumbai, Maharashtra.
9. Bharti AirtelThe market capital of Bharti Airtel is ₹485,816 crores at present and is ranked at the ninth position among the top 10 Indian companies. Headquartered in New Delhi, the company is amongst the top three mobile service providers in terms of subscribers, globally.
10. Bajaj Finance - ₹421,901 crores
SEE ALSO:
Top 10 business women in India
Top 10 largest economies in the world
Top 10 Richest families in the India
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