This article lists the largest companies in India in terms of their revenue, net profit and total assets, according to the American business magazines Fortune and Forbes.
2022 Forbes list
This list is based on the Forbes Global 2000, which ranks the world's 2,000 largest publicly traded companies. The Forbes list takes into account a multitude of factors, including the revenue, net profit, total assets and market value of each company; each factor is given a weighted rank in terms of importance when considering the overall ranking. The table below also lists the headquarters location and industry sector of each company. The figures are in billions of US dollars [1] and are for the year 2022. All 50 companies from India in the Forbes 2000 are listed. [2]
| Rank | Forbes 2000 rank |
Name | Headquarters | Revenue (billions US$) |
Profit (billions US$) |
Assets (billions US$) |
Value (billions US$) |
Industry | ||
|---|---|---|---|---|---|---|---|---|---|---|
 1
|
(0) |  54
|
(+1) | Reliance Industries | Mumbai | 86.85
|
7.81
|
192.59
|
228.63
|
Conglomerate |
| 2
|
(0) | 130
|
(0) | TATA Group | Mumbai | 150
|
139
|
160
|
350
|
Conglomerate |
| 3
|
(0) | 105
|
(+5) | State Bank of India | Mumbai | 54.52
|
4.32
|
696.51
|
58.39
|
Banking |
| 4
|
(0) |  154
|
(-38) | HDFC Bank | Mumbai | 22.51
|
5.11
|
280.16
|
98.28
|
Banking |
| 5
|
(0) | 205
|
(-23) | ICICI Bank | Mumbai | 21.89
|
3.01
|
226.39
|
67.9
|
Banking |
| 6
|
(+8) | 229
|
(+426) | Oil and Natural Gas Corporation | New Delhi | 66.28
|
6.00
|
75.51
|
28.62
|
Oil and gas |
| 7
|
(-1) | 269
|
(-49) | HDFC | Mumbai | 18.48
|
2.91
|
118.61
|
52.30
|
Financials |
| 8
|
(+5) | 358
|
(+241) | Indian Oil Corporation | New Delhi | 72.20
|
3.72
|
51.73
|
16.53
|
Oil and gas |
| 9
|
(-2) | 385
|
(-63) | Tata Consultancy Services | Mumbai | 25.73
|
5.14
|
18.68
|
172.79
|
Infotech |
| 10
|
(+18) | 408
|
(+531) | Tata Steel | Mumbai | 31.07
|
5.01
|
34.62
|
20.42
|
Iron and steel |
| 11
|
(+1) | 432
|
(+153) | Axis Bank | Mumbai | 11.41
|
1.71
|
152.12
|
31.32
|
Banking |
| 12
|
(-1) | 484
|
(+29) | NTPC Limited | New Delhi | 17.00
|
2.17
|
55.00
|
20.32
|
Utilities |
| 13
|
(-5) | 514
|
(-148) | Larsen & Toubro | Mumbai | 20.53
|
1.12
|
40.82
|
31.13
|
Capital goods |
| 14
|
(-4) | 539
|
(-47) | Infosys | Bangalore | 16.33
|
2.97
|
15.56
|
87.21
|
Infotech |
| 15
|
(+12) | 574
|
(+354) | JSW Steel Ltd | Mumbai | 9.50
|
0.50
|
17.40
|
20.10
|
Iron and steel |
| 16
|
(+18) | 593
|
(+703) | Vedanta Limited | Mumbai | 16.38
|
2.63
|
25.3
|
20.21
|
Metals and mining |
| 17
|
(+4) | 615
|
(+177) | Bharat Petroleum | Mumbai | 43.2
|
2.59
|
25.18
|
11.16
|
Oil and gas |
| 18
|
(-9) | 628
|
(-181) | Kotak Mahindra Bank | Mumbai | 7.92
|
1.46
|
41.57
|
44.83
|
Banking |
| 19
|
(+12) | 643
|
(-473) | Hindalco Industries | Mumbai | 24.33
|
1.60
|
27.45
|
15.11
|
Metals and mining |
| 20
|
(-4) | 710
|
(+15) | Bharti Airtel | New Delhi | 14.98
|
0.406
|
48.72
|
56.80
|
Telecommunication |
| 21
|
(-2) | 726
|
(+44) | Coal India | Kolkata | 14.03
|
2.06
|
22.3
|
16.30
|
Metals and mining |
| 22
|
(-2) | 729
|
(+55) | Tata Motors | Mumbai | 39.04
|
 −2.44
|
42.32
|
22.12
|
Automotive |
| 23
|
(-6) | 789
|
(-59) | Power Finance Corporation | New Delhi | 10.15
|
1.86
|
106.71
|
4.10
|
Financials |
| 24
|
(-9) | 809
|
(-114) | HCL Technologies | Noida | 11.19
|
1.49
|
11.57
|
39.09
|
Infotech |
| 25
|
(-7) | 820
|
(-51) | Wipro | Bangalore | 10.07
|
1.64
|
13.69
|
38.44
|
Infotech |
| 26
|
(-5) | 822
|
(-26) | Power Grid Corporation of India | Gurgaon | 5.61
|
2.19
|
34.56
|
20.57
|
Utilities |
| 27
|
(-2) | 827
|
(+60) | Grasim Industries | Mumbai | 12.35
|
0.87
|
36.94
|
14.77
|
Diversified |
| 28
|
(-7) | 846
|
(-13) | ITC Limited | Kolkata | 7.91
|
2.00
|
10.04
|
42.06
|
Consumer Goods |
| 29
|
(-6) | 876
|
(-73) | Bajaj Finserv | Pune | 8.64
|
0.56
|
41.54
|
32.15
|
Financials |
| 30
|
(+2) | 925
|
(+144) | Canara Bank | Bangalore | 12.68
|
0.73
|
164.71
|
5.53
|
Banking |
| 31
|
(-5) | 954
|
(-45) | Bank of Baroda | Vadodara | 12.06
|
0.68
|
167.76
|
7.54
|
Banking |
| 32
|
(+2) | 1000
|
(+123) | Union Bank of India | Mumbai | 11.28
|
0.67
|
148.94
|
3.62
|
Banking |
| 33
|
(-4) | 1041
|
(+2) | Punjab National Bank | New Delhi | 12.1
|
0.57
|
178.94
|
5.10
|
Banking |
| 34
|
(-1) | 1063
|
(+134) | Mahindra & Mahindra | Mumbai | 11.59
|
0.73
|
22.36
|
14.96
|
Automotive |
| 35
|
(+8) | 1171
|
(+416) | Steel Authority of India | New Delhi | 12.98
|
1.79
|
15.87
|
5.48
|
Iron and steel |
| 36
|
(-1) | 1215
|
(+162) | GAIL | New Delhi | 10.98
|
1.53
|
12.03
|
9.52
|
Oil and gas |
| 37
|
(+5) | 1348
|
(+203) | Indian Bank | Chennai | 6.17
|
0.65
|
89.96
|
2.63
|
Banking |
| 38
|
(+9) | 1362
|
(+557) | Sun Pharmaceutical | Mumbai | 5.10
|
0.87
|
9.30
|
28.97
|
Pharmaceuticals |
| 39
|
(-1) | 1514
|
(+98) | Indian Railway Finance Corporation | New Delhi | 2.55
|
0.82
|
58.03
|
3.83
|
Financials |
| 40
|
(+11) | 1453
|
(+547) | Adani Enterprises | Ahmedabad | 7.86
|
0.09
|
11.09
|
32.70
|
Consumer Goods |
| 41
|
(+4) | 1472
|
(+238) | IndusInd Bank | Mumbai | 5.09
|
0.58
|
51.26
|
9.72
|
Banking |
| 42
|
(-6) | 1525
|
(-133) | Bank of India | Mumbai | 6.26
|
0.39
|
98.51
|
2.66
|
Banking |
| 43
|
(-6) | 1489
|
(-78) | Adani Ports & SEZ Limited | Ahmedabad | 2.10
|
0.67
|
11.36
|
24.12
|
Shipping |
| 44
|
(+7) | 1570
|
(+430) | Adani Green Energy | Ahmedabad | 0.41
|
0.01
|
3.93
|
59.06
|
Renewable energy |
| 45
|
(-2) | 1656
|
(-30) | Rajesh Exports | Bangalore | 30.00
|
0.15
|
2.7
|
2.50
|
Gems and jewellery |
| 46
|
(-7) | 1687
|
(-151) | Asian Paints | Mumbai | 3.77
|
0.41
|
2.84
|
39.69
|
Chemicals |
| 47
|
(+4) | 1705
|
(+295) | Adani Transmission | Ahmedabad | 1.49
|
0.16
|
6.11
|
38.15
|
Utilities |
| 48
|
(-5) | 1730
|
(-87) | Tech Mahindra | Pune | 5.72
|
0.69
|
5.51
|
16.61
|
Infotech |
| 49
|
(+2) | 1746
|
(+254) | Adani Total Gas | Ahmedabad | 0.35
|
0.07
|
0.50
|
34.74
|
Oil and gas |
| 50
|
(-8) | 1756
|
(-136) | Bajaj Auto | Pune | 4.54
|
0.83
|
4.51
|
13.79
|
Automotive |
| 51
|
(0) | 1759
|
(+208) | DMart | Mumbai | 4.00
|
0.20
|
1.93
|
34.12
|
Retail |
| 52
|
(0) | 1759
|
(+208) | Adyar Ananda Bhavan | Chennai | 4.00
|
0.20
|
1.93
|
34.12
|
Retail |
2021 Fortune list
The 50 largest companies by revenue in 2021 according to the Fortune India 500. [3]
| Rank | Name | Industry | Revenue (in ₹ Crore) |
Revenue growth | Profits (in ₹ Crore) |
Headquarters | State Controlled |
|---|---|---|---|---|---|---|---|
| 1 | Indian Oil Corporation | Oil and gas | 424,321 | 13.2%
|
22,189 | New Delhi | Yes |
| 2 | Reliance Industries Limited | Oil and gas | 410,295 | 28.2%
|
36,075 | Mumbai | |
| 3 | Oil and Natural Gas Corporation | Oil and gas | 333,143 | 11.0%
|
22,106 | New Delhi | Yes |
| 4 | State Bank of India | Banking | 306,528 | 2.6%
|
−4,556 | Mumbai | Yes |
| 5 | Tata Motors | Automotive | 301,175 | 7.9%
|
8,989 | Mumbai | |
| 6 | Bharat Petroleum | Oil and gas | 238,638 | 13.7%
|
9,009 | Mumbai | Yes |
| 7 | Hindustan Petroleum | Oil and gas | 221,693 | 13.4%
|
7,218 | Mumbai | Yes |
| 8 | Rajesh Exports | Gems and jewellery | 187,748 | 22.5%
|
1,266 | Bangalore | |
| 9 | Tata Steel | Iron and steel | 147,192 | 25.3%
|
13,434 | Mumbai | |
| 10 | Coal India | Metals and mining | 132,897 | 5.3%
|
7,020 | Kolkata | Yes |
| 11 | Tata Consultancy Services | Infotech | 126,745 | 3.6%
|
25,826 | Mumbai | |
| 12 | Larsen & Toubro | Capital goods | 122,743 | 10.6%
|
7,370 | Mumbai | |
| 13 | Hindalco Industries | Metals and mining | 120,428 | 15.5%
|
6,083 | Mumbai | |
| 14 | ICICI Bank | Banking | 118,969 | 4.9%
|
7,712 | Mumbai | |
| 15 | Vedanta Resources | Metals and mining | 102,192 | 30.8%
|
10,342 | London, UK | |
| 16 | HDFC Bank | Banking | 101,344 | 17.6%
|
18,510 | Mumbai | |
| 17 | Mahindra & Mahindra | Automotive | 96,377 | 12.2%
|
7,510 | Mumbai | |
| 18 | NTPC Limited | Utilities | 90,144 | 7.7%
|
10,544 | New Delhi | Yes |
| 19 | Bharti Airtel | Telecommunication | 86,704 | 13.0%
|
1,099 | New Delhi | |
| 20 | Maruti Suzuki India | Automotive | 81,978 | 15.6%
|
7,880 | New Delhi | |
| 21 | Infosys | Infotech | 73,762 | 3.1%
|
16,029 | Bangalore | |
| 22 | Nayara Energy | Oil and gas | 73,015 | 10.7%
|
576 | Mumbai | |
| 23 | HDFC | Financials | 72,596 | 18.9%
|
16,255 | Mumbai | |
| 24 | JSW Steel Ltd | Iron and steel | 70,148 | 22.6%
|
6,214 | Mumbai | |
| 25 | Axis Bank | Banking | 58,477 | 1.5%
|
456 | Mumbai | Yes |
| 26 | Steel Authority of India | Iron and steel | 57,626 | 28.8%
|
−281 | New Delhi | Yes |
| 27 | Punjab National Bank | Banking | 57,608 | 0.7%
|
−12,130 | New Delhi | Yes |
| 28 | Grasim Industries | Diversified | 57,273 | 54.9%
|
2,679 | Mumbai | |
| 29 | Wipro | Infotech | 56,986 | 1.6%
|
8,003 | Bangalore | |
| 30 | Motherson Sumi Systems | Automotive | 56,839 | 32.7%
|
1,597 | Noida | |
| 31 | GAIL | Oil and gas | 55,503 | 11.6%
|
4,799 | New Delhi | Yes |
| 32 | Bank of Baroda | Banking | 54,048 | 3.1%
|
−1,887 | Vadodara | Yes |
| 33 | HCL Technologies | Infotech | 51,695 | 6.3%
|
8,721 | Noida | |
| 34 | MRPL | Oil and gas | 50,209 | 8.9%
|
1,993 | Mangalore | Yes |
| 35 | Canara Bank | Banking | 48,743 | 1.2%
|
−3,951 | Bangalore | Yes |
| 36 | ITC Limited | Consumer goods | 44,674 | 1.6%
|
11,271 | Kolkata | |
| 37 | Bank of India | Banking | 44,158 | 4.8%
|
−5,961 | Mumbai | Yes |
| 38 | General Insurance Corporation of India | Insurance | 43,555 | 38.9%
|
3,146 | Mumbai | Yes |
| 39 | Kotak Mahindra Bank | Banking | 38,813 | 14.2%
|
6,201 | Mumbai | |
| 40 | Union Bank of India | Banking | 38,413 | 0.4%
|
−5,212 | Mumbai | Yes |
| 41 | Hindustan Unilever | Consumer goods | 36,088 | 7.1%
|
5,214 | Mumbai | |
| 42 | Vodafone India | Telecommunication | 34,855 | 18.9%
|
7,766 | Mumbai | |
| 43 | Tata Power | Utilities | 33,213 | 12.8%
|
2,477 | Mumbai | |
| 44 | Chennai Petroleum Corporation | Oil and gas | 33,187 | 20.0%
|
927 | Chennai | Yes |
| 45 | Hero MotoCorp | Automotive | 33,141 | 12.9%
|
3,720 | New Delhi | |
| 46 | Tech Mahindra | Infotech | 32,190 | 7.6%
|
3,800 | Pune | |
| 47 | UltraTech Cement | Cement | 32,106 | 23.7%
|
2,222 | Mumbai | |
| 48 | Petronet LNG | Oil and gas | 30,949 | 23.9%
|
2,110 | New Delhi | Yes |
| 49 | Power Grid Corporation of India | Utilities | 30,908 | 16.1%
|
8,198 | Gurgaon | Yes |
| 50 | Bajaj Finserv | Financials | 30,599 | 24.9%
|
2,741 | Pune |
See also
- List of most valuable companies in India
- List of companies of India
- List of largest employers in India
- List of largest companies by revenue
- List of public sector undertakings in India
References
- ^ "USD - US Dollar rates, news, and tools | Xe". www.xe.com. Retrieved 2022-03-24.
- ^ "The World's Largest Public Companies". Forbes. Retrieved 2022-08-26.
- ^ "Fortune India 500 Ranking | Fortune India". www.fortuneindia.com. Retrieved 2022-05-13.