Top 10 Companies in India by Market Capitalization in 2020

Market capitalization is the aggregate valuation of the company based on its current share price and the total number of outstanding stocks. It is calculated by

Market capitalization = (Current market price of 1 share)*(total number of outstanding shares)

It helps to classify the companies in different types like large cap, mid cap, and small cap companies. The companies with a market cap of Rs 29,000 crore or more are large-cap stocks. Company stocks with a market cap between Rs 8,500 crore and 29,000 crores are mid-cap stocks and those less than Rs 8,500 crore market cap are small-cap stocks. 

Here is the list of the top 10 companies in India by market capitalization:

1. Reliance Industries

Reliance Industries Limited (RIL) is an Indian multinational company headquartered in Mumbai, currently headed by Mukesh Ambani. The company was co-founded by Dhirubhai Ambani and Champaklal Damani in the 1960s as Reliance Commercial Corporation.

Reliance owns businesses across India engaged in energy, petrochemicals, textiles, natural resources, retail, and telecommunications. Reliance is one of the most profitable companies in India. The market capitalization value of RIL is Rs.14,72,850 Crores with a current price of Rs.2,233.

2. Tata Consultancy Services (TCS)

Tata Consultancy Services Limited (TCS) is an Indian multinational information technology (IT) service and consulting company headquartered in Mumbai, Maharashtra, India. It is a subsidiary of Tata Group and operates in 149 locations across 46 countries.

TCS is the second-largest Indian company by market capitalization. TCS is now placed among the most valuable IT services brands worldwide. The market capitalization value of TCS is Rs. 10,55,527 Crores with a current price of Rs. 2,812.

3. HDFC Bank

HDFC Bank is an Indian banking and financial services company that was incorporated in 1994, with its registered office in Mumbai, India. Its first corporate office at Sandoz House, Worli was inaugurated by the then Union Finance Minister, Manmohan Singh.

As of  June 2019, it had a base of 1,04,154 permanent employees with 5,130 branches across 2,764 cities. It is India’s largest private sector lender by assets and market capitalization. It has a market capitalization value of Rs. 6,78,909 Crores with a current price of Rs. 1,233.

4. Hindustan Unilever (HUL)

Hindustan Unilever Limited (HUL) was established in 1933. It is a British-Dutch manufacturing company headquartered in Mumbai, India. Its products include foods, beverages, cleaning agents, personal care products, water purifiers, and consumer goods.

As of 2020 Hindustan Unilever portfolio had 35 product brands in 20 categories with 18,000 employees and sales of Rs. 39,783 crores in 2019-20. The market capitalization value of Hindustan Unilever is Rs 5,02,722 Crores with a current price of Rs 2,139.65.

5. Infosys

Infosys Limited is an Indian multinational corporation that provides business consulting, information technology and outsourcing services.

It is the second-largest Indian IT company after Tata Consultancy Services with its headquarters in Bangalore, Karnataka, India. The market capitalization value of Infosys is Rs. 47,1431.68 Crores with a current price of Rs. 1,106.8.

6. H D F C

Housing Development Finance Corporation Limited (HDFC) is an Indian financial services company founded in 1977 as the first specialized mortgage company in India based in Mumbai. It is a major provider of finance for housing in India.

HDFC also has a presence in banking, life and general insurance, asset management, venture capital, realty, education, deposits, and education loans. The market capitalization value of HDFC is Rs. 3,51,555.95 Crores with a current price of Rs. 1,957.65.

7. ICICI Bank

It is an Indian multinational banking and financial services company headquartered in Mumbai and its registered office in Vadodara, Gujarat. It 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.

ICICI Bank has 4867 branches and 14367 ATMs across India and has a presence in 17 countries including India as of March 31, 2018. The market capitalization value of ICICI bank is Rs. 2,76,902.79 crores with a current price of Rs. 401.5.

8. Kotak Mahindra Bank

Kotak Mahindra Bank is an Indian private sector bank headquartered in Mumbai, India. Established in 1985  by Uday Kotak.

In February 2003, Kotak Mahindra Finance Ltd. (KMFL), the group’s flagship company, received a banking license from the RBI. It offers banking products and financial services in the areas of personal finance, investment banking, general insurance, life insurance, and wealth management. It is the thrid largest Indian private sector bank by market capitalization value of Rs. 2,61,250.38 crores with a current price of Rs. 1,319.85.

9. HCL Technologies

HCL Technologies Limited is an Indian information technology (IT) services and consulting company. This firm is primarily engaged in providing a range of software services business process outsourcing and infrastructure services. It is a subsidiary of HCL Enterprise. The company has offices in 44 countries and 147,123 employees.

The current market capitalization value of HCL Technologies is Rs. 2,32,221.89 crores with the latest share price of Rs. 855.75.

10. Bharti Airtel

Bharti Airtel Limited (AKA Airtel) is an Indian global telecommunications services company. It offers an integrated suite of telecom solutions to its enterprise customers in addition to providing long-distance connectivity both nationally and internationally. The company generated a net sales of Rs 87,539 Cr in the financial year 2019-20.

Market capitalization value of Bharti Airtel is Rs. 2,31,970.3 crores with a current price of Rs. 425.2.