In this article, we discuss 5 of the biggest Indian companies by market cap. If you want to see more of the biggest Indian companies by market cap, go directly to 15 Biggest Indian Companies By Market Cap.
5. Infosys Limited (NYSE:INFY)
Market Cap as of 10/27: $77.63 billion
Infosys Limited (NYSE:INFY) is a global leader in digital services and consulting with over 345,000 employees as well as 1,779 clients. Given the company is global, Infosys Limited (NYSE:INFY) is also listed on the NYSE, with a market cap of $77.63 billion as of 10/27. For Q2, Infosys Limited (NYSE:INFY) reported EPS of $0.18 on sales of $4.56 billion, versus the consensus of $0.18 and $4.54 billion, respectively.
4. ICICI Bank Limited (NYSE:IBN)
Market Cap as of 10/27: $78.41 billion
ICICI Bank Limited (NYSE:IBN) is a leading banking company based in India that offers a range of banking and financial services such as commercial banking and treasury operations. For its second quarter of fiscal 2023, ICICI Bank Limited (NYSE:IBN)’s net income rose 37% year over year to INR75.58 billion or $929 million given stronger net interest income as well as growth in loans and deposits. If it maintains its market share, ICICI Bank Limited (NYSE:IBN) has more potential earnings growth given India’s expected GDP grwoth in the next two decades.
3. HDFC Bank Limited (NYSE:HDB)
Market Cap as of 10/27: $113.05 billion
HDFC Bank Limited (NYSE:HDB) is a leading Indian bank that provides a wide variety of services that include commercial and investment banking. Although its shares are down 8.5% year to date, HDFC Bank Limited (NYSE:HDB) nevertheless has growth potential given how big India’s economy could be if the bank keeps its market share. Given its market cap of over $113 billion as of 10/27, HDFC Bank Limited (NYSE:HDB) is one of the most valuable Indian companies in the world.
2. Tata Consultancy Services
Market Cap as of 10/27: $140.26 billion
Tata Consultancy Services is a global leader in IT services, digital and business solutions. The company has 616,171 employees across 55 countries that help its clients ‘achieve their business objectives by providing innovative, best-in-class consulting, IT solutions and services.’ As of 10/27, Tata Consultancy Services also has a market cap of $140.26 billion, which ranks it #2 on our list of 15 Biggest Indian Companies By Market Cap.
1. Reliance Industries
Market Cap as of 10/27: $201.35 billion
Reliance Industries is a conglomerate based in India that operates the oil and gas, chemicals, retail, digital services, and financial services markets. In fiscal year 2022, Reliance Industries became India’s first corporation to surpass $100 billion in annual revenues. In terms of the future, Reliance Industries is investing in 5G, new energy, oil to chemicals, as well as retail and fast moving goods. If those initiatives work out, Reliance Industries could further diversify its business and also potentially realize higher profits. As of 10/27, Reliance Industries also had a market cap of over $201 billion. That ranks Reliance Industries as #1 on our list of 15 Biggest Indian Companies By Market Cap.
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