In this piece, we will take a look at the five best companies to invest in India for beginners. For more companies, head on over to 10 Best Companies to Invest in India for Beginners.
5. ICICI Bank Limited (NYSE:IBN)
Market Capitalization as of December 5, 2022: $78.86 billion
ICICI Bank Limited (NYSE:IBN) is another Indian bank that is headquartered in Mumbai. The bank provides retail banking, wholesale banking, treasury, insurance, and other services. These include pension management, a variety of loans, and micro banking services.
ICICI Bank Limited (NYSE:IBN) is also a development finance institution that has thousands of branches all over India. Additionally, it also has a global presence, with subsidiaries in several countries including the U.S., Qatar, Oman, UAE, and Indonesia. The bank raked in $20 billion in revenue in 2022.
ICICI Bank Limited (NYSE:IBN)’s shares are traded on the New York Stock Exchange (NYSE), and it is worth $78.86 billion on the American stock market. 29 out of the 920 hedge funds polled by Insider Monkey for their third quarter of 2022 investments had held a stake in the bank.
Out of these, Rajiv Jain’s GQG Partners is ICICI Bank Limited (NYSE:IBN)’s largest investor. It owns 50 million shares that are worth $1 billion.
4. Infosys Limited (NYSE:INFY)
Market Capitalization as of December 5, 2022: $82 billion
Infosys Limited (NYSE:INFY) is a technology company that provides services such as infrastructure management, application and product development, and software platforms that support artificial intelligence and financial management. It is headquartered in Bengaluru.
Infosys Limited (NYSE:INFY) was the first Indian company that listed its American Depository Receipts (ADRs) on the NASDAQ stock exchange, through a listing in 1999. The shares were later shifted to the NYSE for better access to European capital.
Insider Monkey’s Q3 2022 survey covering 920 hedge funds revealed that 22 had bought Infosys Limited (NYSE:INFY)’s shares.
Infosys Limited (NYSE:INFY)’s largest investor in our data base is Ken Fisher’s Fisher Asset Management which owns 16.9 million shares that are worth $287 million.
3. HDFC Bank Limited (NYSE:HDB)
Market Capitalization as of December 5, 2022: $126 billion
HDFC Bank Limited (NYSE:HDB) is one of the largest Indian banks that has thousands of branches and even more banking outlets. It provides several accounts such as salary, current, pension, and savings accounts.
HDFC Bank Limited (NYSE:HDB) earned $21 billion in revenue in 2022 which translated into $4.8 billion of net income. It operates in 3,203 cities as of June 2022.
36 out of the 920 hedge funds polled by Insider Monkey for their September quarter of 2022 investments had held a stake in HDFC Bank Limited (NYSE:HDB).
Rajiv Jain’s GQG Partners is HDFC Bank Limited (NYSE:HDB)’s largest hedge fund shareholder through a $1.1 billion stake that comes via 19 million shares.
2. Tata Consultancy Services Limited (NSE:TCS.NS)
Market Capitalization as of December 5, 2022: $150 billion (1INR = 0.012USD)
Tata Consultancy Services Limited (NSE:TCS.NS) is a diversified firm that has a presence in banking, insurance, financial services, insurance, manufacturing, communications, and other industries. The firm is headquartered in Mumbai.
Tata Consultancy Services Limited (NSE:TCS.NS) is a multinational firm that has operations on all continents. The firm had employed more than 600,000 people as of the first half of this year, and it raked in $25 billion in revenue in its fiscal year 2022.
1. Reliance Industries Limited (NSE:RELIANCE.NS)
Market Capitalization as of December 5, 2022: $218.5 billion (1INR = 0.012USD)
Reliance Industries Limited (NSE:RELIANCE.NS) is one of the largest and most diversified Indian companies. It operates in a variety of lucrative industries such as energy, petrochemicals, media, textiles, and natural gas. The firm is headquartered in Mumbai.
Reliance Industries Limited (NSE:RELIANCE.NS) brought in a whopping $99 billion in revenue in 2022, which translated into a cool $8.5 billion in net income. Its largest single shareholder is India’s second richest man, Mukesh Ambani, who holds a 49.5% stake in the company that effectively grants him majority control with the aid of a couple of other shareholders. The rest of Reliance Industries Limited (NSE:RELIANCE.NS)’s shares belong to the public.
Disclosure: None. You can also take a look at 11 Best Micro-cap Dividend Stocks To Buy and 15 Best Consistent Dividend Stocks to Buy.
