The Indian Wire » Business » List of Top 10 Indian companies by market cap (2019)

List of Top 10 Indian companies by market cap (2019)

Indian stock-market is reaching new heights everyday and with continuous breakthroughs in every industries, market is creating new winners and losers everyday. With the growing influence of sectors like Telecom and computing, we are all set to see major ups and downs in coming times.

Mukesh Ambani led Reliance Industries Limited (RIL) has today become first Indian company to hit a market cap of 10 Lakh Crore Rs. Today on 28th Nov, as the clock hit 10:10 AM and the share of RIL was trading at Rs 1,579, the market cap of company stood at 10 Lakh Crore ($140 Billion).

In this article we will have a look at top 10 Indian companies based on their market cap.

Before we start, let’s understand what actually is market cap of a company.

What is Market Cap of a company?

Market capitalization, also known as market cap, is simply the market value of a publicly traded company’s outstanding shares.


It is the total value of a publicly traded company’s share price multiplied by the number of outstanding shares. Market cap helps in determining any company’s net worth.

One more thing worth noting here is that Market Cap and Market value are often confused by people to be same things but these are two different things.

Put simply, Market Cap, is the worth of a company based on stock price; which is an important metric when determining value for potential trading opportunities.

Market value can be understood as a company’s value in current business context and it is determined by multiple factors, including stockholder equity, corporate debt, and the market environment as a whole. Market value can vary frequently depending on the business cycle.

Top 10 Indian Companies by Market Cap

Here is a list of top 10 Indian companies by their market capitalisation as on Nov 28, 2019.

1. Reliance Industries Ltd.

Market Cap: INR 10 Lakh Crore

Reliance Industries Limited (RIL) is a conglomerate company engaged in sectors like energy, petrochemicals, textiles, natural resources, retail, and telecommunications.

The chairman and current MD of company is Mukesh Ambani, who is also the richest man in India currently.

RIL had earlier become the first Indian company to hit a market cap of $100 Billion way back in 2007.

Now, with the company doing well in it’s key sectors like Oil and Energy and with it’s promising arm ‘Jio’, RIL is all set to rally higher and higher in recent future.

2. Tata Consultancy Services Ltd.

Market Cap: INR 7.79 Lakh Crore

Tata Consultancy Services Limited (TCS) is an IT service and consulting company based out of Mumbai. The company is a part of TATA Group is and is second biggest Indian company in terms of market cap.

TCS is the top Indian IT company since a long time and had become the first Indian IT company to hit market cap of $100 Billion.

With 400,875 employees, TCS is the largest private Indian employer currently.

The stock price of TCS is currently trading at Rs 2,084 and is a health investment opportunity currently.

3. HDFC Bank Ltd

Market Cap: INR 6.94 Lakh Crore

HDFC Bank is the largest bank in India by its market capitalisation. Headquartered in Mumbai, HDFC Bank is India’s largest private sector lender by assets.

HDFC Bank mainly deals in products like Credit cards, consumer banking, banking, finance and insurance, investment banking, private banking, private equity, wealth management and mortgage loans.

The stock price of HDFC is Rs 1,270 currently and is one of the most promising brand in finance sector.

4. Hindustan Unilever Ltd.

Market Cap: INR 4.51 Lakh Crore

Hindustan Unilever Limited (HUL) is basically a British-Dutch manufacturing company headquartered in Mumbai. Its parent company is Unilever.

HUL prominently deals in products like foods, beverages, cleaning agents, personal care products, water purifiers and consumer goods.

With a market cap of  and stock currently trading at 2,085, HUL is the fourth largest Indian company in this list.

5. Housing Development Finance Corporation Ltd.

Market Cap: INR 3.98 Lakh Crore

Housing Development Finance Corporation Limited (HDFC) is an Indian financial services company based in Mumbai. The company is a major player in providing finance for housing in India.

In addition to this, company also deals with products like banking, life and general insurance, asset management, venture capital, realty, education, deposits and education loans.

The share currently trades at Rs 2,310.

6. ICICI Bank Ltd.

Market Cap: INR 3.34 Lakh Crore

ICICI Bank is multinational banking and financial services company headquartered in Mumbai. After HDFC bank, ICICI is the second largest bank in India in terms of assets and market capitalisation.

The bank offers a wide range of banking products and financial services in the areas of investment banking, life, non-life insurance, venture capital and asset management. With  a network of 4882 branches and 15101 ATMs across India, ICICI is one of the largest in terms of footprints.

In addition to India, ICICI has a presence in 17 countries like United Kingdom, Canada United States, Singapore, Bahrain, Hong Kong, Sri Lanka, Qatar, Dubai, China etc.

7. State Bank Of India

Market Cap: INR 3.11 Lakh Crore

SBI is a public sector bank headquartered in Mumbai. It is the largest bank in India with a 23% market share in assets, besides a share of one-fourth of the total loan and deposits market.

With presence in more than 36 countries, SBI currently has the largest presence in foreign markets among Indian banks.

8. Kotak Mahindra Bank Ltd.

Market Cap: INR 3.08 Lakh Crore

Founded in 1985 by Uday Kotak, Kotak Mahindra bank is a major player in banking products and financial services in India.

The company has an expertise in areas of personal finance, investment banking, general insurance, life insurance, and wealth management.

9. ITC Ltd.

Market Cap: INR 3.03 Lakh Crore

ITC is consumer goods company headquartered in Kolkata. The current chairman and MD of company is Sanjiv Puri.

The company deals in products liks Consumer goods, Cigarettes, Apparel, Education, Hotels and Resorts, Paperboards & Specialty Papers, Packaging, Agri-Business, Information Technology etc.

10. Infosys Ltd.

Market Cap: INR 2.95 Lakh Crore

Infosys is basically an IT company which provides business consulting, information technology and outsourcing services. Headquartered in Bangalore, it is the second-largest Indian IT company after Tata Consultancy Services in terms of Market cap.

Nandan Nilekani is currently Chairman of the company and Salil S. Parekh is MD & CEO of the company as of November 2019.

Reach out to The Indian Wire!

Want to work with us? Looking to share some feedback or suggestion? Have a business opportunity to discuss?

You can reach out to us at [email protected] and we will get back in minutes.

Like us on Facebook!