Indian companies who have crossed the billion-dollar mark
India has emerged as the fastest-growing major economy in the world and is expected to be one of the top three economic powers in the world over the next 10-15 years, backed by its robust democracy and strong partnerships. India is the third-largest unicorn base in the world with over 83 unicorns collectively valued at US$ 277.77 billion, as per the Economic Survey. By 2025, India is expected to have 100 unicorns, which will create ~1.1 million direct jobs according to the Nasscom-Zinnov report ‘Indian Tech Start-up’.
Here is a list of top Indian companies who have crossed the billion-dollar mark:
Reliance Industries limited
Mukesh Ambani is the current CEO of Reliance Industries Limited (RIL), an Indian multinational corporation headquartered in Mumbai. Dhirubhai Ambani and Champaklal Damani co-founded Reliance Commercial Corporation in the 1960s.
Reliance owns businesses in energy, petrochemicals, textiles, natural resources, retail, and telecommunications across India. Reliance is one of India’s most profitable companies. RIL has a market capitalization of $ 225 Billion.
Tata Consultancy Services (TCS)
Tata Consultancy Services Limited (TCS) is an Indian multinational information technology (IT) service and consulting firm based in Mumbai, Maharashtra. It is a subsidiary of the Tata Group and has 149 locations in 46 countries.
TCS is India’s largest IT company and the second-largest Indian company in terms of market capitalization. TCS is now one of the most valuable IT services brands in the world. TCS has a market capitalization of $ 190 Billion.
HDFC Bank Limited
This company is an Indian banking and financial services company that was incorporated in 1994, with its registered office in Mumbai, India and Controlled by HDFC Group which is a Foreign Company. Manmohan Singh, the then-Union Finance Minister, inaugurated its first corporate office at Sandoz House in Worli. It is India’s largest private bank.
It had 1,16,971 permanent employees as of March 2020, with 5,130 branches in 2,764 cities. By assets and market capitalization, it is India’s largest private sector lender. It has a market capitalization of $ 112 Billion.
Infosys Limited, founded in 1981, is an Indian multinational corporation that provides business consulting, information technology, and outsourcing services.
It is India’s second-largest IT company after Tata Consultancy Services, with headquarters in Bangalore, Karnataka. Infosys has a market capitalization of $ 103 Billion.
ICICI Bank is a multinational Indian banking and financial services corporation headquartered in Mumbai with its registered office in Vadodara, Gujarat. It provides a diverse range of banking products and financial services, including investment banking, life and non-life insurance, venture capital, and asset management.
As of February 2020, ICICI Bank had 5,275 branches and 15,589 ATMs across India, and it had a presence in 17 countries, including India. ICICI bank has a market capitalization of $ 76 Billion.
Hindustan Unilever (HUL)
HUL (Hindustan Unilever Limited) was founded in 1933. It is a British-Dutch manufacturing firm based in Mumbai, India. Foods, beverages, cleaning agents, personal care products, water purifiers, and consumer goods are among its offerings.
The market capitalization value of Hindustan Unilever is $ 71 Billion.
State Bank of India (SBI)
State Bank of India (SBI) is a public sector banking and financial services statutory body headquartered in Mumbai, Maharashtra. SBI has a 23 percent asset market share and a 25 percent loan and deposit market share.
The current market capitalization value of the State Bank of India is $ 61 Billion.
Housing Development Finance Corporation (HDFC)
Housing Development Finance Corporation Limited (HDFC) is an Indian financial services company based in Mumbai that was founded in 1977 as the country’s first specialized mortgage company. It is a major provider of housing finance in India.
HDFC is also involved in banking, life and general insurance, asset management, venture capital, real estate, education, deposits, and education loans. HDFC has a market capitalization of $ 18 Billion.
Bajaj Finance Limited is an Indian non-banking financial company that is a subsidiary of Bajaj Finserv (NBFC). Consumer finance, SME (small and medium-sized enterprises), and commercial lending, as well as wealth management, are all areas of expertise for the company.
The company, headquartered in Pune, Maharashtra, has 294 consumer branches and 497 rural locations, as well as over 33,000 distribution points. Bajaj Finance’s market capitalization is Rs. $ 61 Billion.
Bharti Airtel Limited, or simply Airtel, is an Indian telecommunications company headquartered in New Delhi.
Airtel provides 2G, 4G LTE, and 4G+ mobile services, as well as fixed line broadband and voice services, depending on the country of operation. Airtel’s VoLTE technology was also deployed across all Indian telecom circles. It is the world’s third-largest mobile network provider and India’s second-largest mobile network operator. Airtel’s current market capitalization is Rs. 58 Billion.