This article lists the largest companies in India in terms of their revenue, according to the American business magazines Fortune and Forbes.
2025 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 and are for the year 2024. All 69 companies from India in the Forbes 2000 are listed. RankForbes 2000 rankNameHeadquartersRevenue(billions US$)Profit(billions US$)Assets(billions US$)Value(billions US$)Industry149Reliance Industries LimitedMumbai108.88.4210.5233.1Conglomerate255State Bank of IndiaMumbai71.88.1807.487.6Banking365HDFC BankMumbai49.37.7483.2133.6Banking470Life Insurance CorporationNew Delhi98.04.9561.473.6Insurance5142ICICI BankMumbai28.55.3283.595.3Banking6207Oil and Natural Gas CorporationNew Delhi77.55.180.641.9Oil and gas7259Indian Oil CorporationNew Delhi93.85.057.827.8Oil and gas8284Tata MotorsMumbai52.93.844.443.8Automotive9293Axis BankMumbai16.73.2182.042.3Banking10372NTPC LimitedNew Delhi21.22.454.742.5Utilities11398Larsen & ToubroMumbai26.71.640.756.9Capital goods12412Tata Consultancy ServicesMumbai29.15.517.6166.5Infotech13440Bank of BarodaVadodara17.12.3198.416.2Banking14442Kotak Mahindra BankMumbai11.42.292.040.5Banking15472Bharti AirtelNew Delhi18.10.953.391.5Telecommunication16488Coal IndiaKolkata17.23.928.534.8Metals and mining17525Canara BankBangalore16.81.8184.012.4Banking18533Power Finance CorporationNew Delhi11.12.4124.618.5Financials19537Bharat PetroleumMumbai54.13.224.316.4Oil and gas20569InfosysBangalore18.63.216.571.9Infotech21571Punjab National BankNew Delhi14.81.1191.716.5Banking22575Union Bank of IndiaMumbai14.31.7168.112.7Banking23592Bajaj FinservPune13.01.064.530.3Financials24593Mahindra & MahindraMumbai16.81.428.337.5Automotive25645JSW Steel LtdMumbai21.11.127.426.6Iron and steel26684Hindalco IndustriesMumbai26.11.127.117.7Metals and mining27746Grasim IndustriesMumbai15.30.747.019.8Diversified28764HCL TechnologiesNoida13.31.912.043.4Infotech29810ITC LimitedKolkata8.52.510.565.4Consumer goods30827Power Grid Corporation of IndiaGurgaon5.61.929.635.0Utilities31834Tata SteelKolkata28.3−0.432.725.1Iron and steel32901IndusInd BankMumbai6.71.161.813.2Banking33922Indian Railway Finance CorporationNew Delhi3.20.758.626.5Financials34926WiproBangalore10.81.313.828.9Infotech35930GAILNew Delhi16.11.215.016.1Oil and gas36947Indian BankChennai7.81.095.48.7Banking37961Vedanta LimitedMumbai17.40.522.919.7Metals and mining381048Adani PowerAhmedabad6.12.511.129.4Energy391053Bank of IndiaMumbai8.10.8110.86.7Banking401059Adani EnterprisesAhmedabad12.70.419.341.9Holding411161Sun PharmaceuticalMumbai5.71.19.644.1Pharmaceuticals421212IndiGoGurgaon7.90.98.820.2Airline431219Adani Ports & SEZAhmedabad3.21.014.334.6Shipping441259IDBI BankMumbai3.70.743.710.9Banking451264Bajaj AutoPune5.40.94.729.4Automotive461281Shriram Transport FinanceChennai4.40.929.810.7Financials471384Asian PaintsMumbai4.30.73.632.3Chemicals481534Tata PowerMumbai7.40.516.716.7Utilities491562Titan CompanyBangalore6.20.02.31.1Gems and jewellery501604Jio Financial ServicesMumbai0.20.217.427.2Financials491568Rajesh ExportsBangalore32.60.14.12.0Gems and jewellery501617DMartMumbai6.10.32.536.6Retail511693Jindal Steel and PowerNew Delhi6.00.69.412.4Iron and steel521697LIC Housing FinanceMumbai3.30.434.94.3Financials531699Adani Green EnergyAhmedabad1.10.110.634.8Renewable energy541704Bajaj Holdings & InvestmentMumbai0.20.97.811.0Holding551760General Insurance CorporationMumbai5.70.920.97.2Insurance561769Yes BankMumbai4.00.248.78.3Banking571805Motherson Sumi SystemsNoida11.40.29.410.5Automotive581821Bharat ElectronicsBangalore2.20.44.421.8Aerospace and defense591840Central Bank of IndiaMumbai4.30.353.76.4Banking601842Bank of MaharashtraPune2.80.536.85.5Banking611848Indus TowersGurgaon3.50.76.711.1Telecommunication621853Steel Authority of IndiaNew Delhi12.90.415.68.3Iron and steel631869Federal BankKochi3.20.538.14.8Banking641873DLFGurgaon0.80.37.225.2Real estate651895Dr. Reddy's LaboratoriesHyderabad3.40.74.611.6Pharmaceuticals661908Varun BeveragesGurgaon2.00.31.823.6Beverages671949CIFCLChennai2.30.418.813.0Financials681957NMDCHyderabad2.50.83.99.7Mining691980ABB IndiaBangalore1.30.21.321.3Capital goods
2025 Fortune list The 50 largest companies by revenue in 2025 according to the Fortune India 500. RankNameIndustryRevenue(in ₹ crore)Revenue growthProfits(in ₹ crore)HeadquartersState controlled1Reliance Industries LimitedConglomerate997,795 8%69,648Mumbai2Life Insurance CorporationInsurance893,465 4%48,320Mumbai3Indian Oil CorporationOil and gas766,008 2%13,598New Delhi 4State Bank of IndiaBanking663,343 12%77,561Mumbai 5Oil and Natural Gas CorporationOil and gas624,805 0%36,226New Delhi 6HDFC BankBanking470,916 15%70,792Mumbai7Tata MotorsAutomotive449,357 2%27,830Mumbai8Bharat PetroleumOil and gas443,948 2%13,337Mumbai 9ICICI BankBanking294,587 25%51,029Mumbai10Larsen & ToubroCapital goods260,745 16%15,037Mumbai11Tata Consultancy ServicesInfotech259,286 6%48,553Mumbai12Hindalco IndustriesMetals and mining243,534 13%16,001Mumbai13Tata SteelIron and steel220,507 3%3,421Mumbai14NTPC LimitedUtilities196,847 7%23,422New Delhi 15Bharti AirtelTelecommunications194,387 26%33,556New Delhi16JSW Steel LtdIron and steel168,689 6%26,713Mumbai17InfosysInfotech166,590 6%28,165Bangalore18Mahindra & MahindraAutomotive162,941 13%12,929Mumbai19Vedanta ResourcesMetals and mining160,450 7%14,988London, UK20Maruti Suzuki IndiaAutomotive159,407 8%14,500New Delhi21Axis BankBanking155,917 13%28,055Mumbai 22Coal IndiaMetals and mining155,605 1%35,358Kolkata 23Bank of BarodaBanking152,884 8%20,716Vadodara 24Canara BankBanking152,658 10%17,540Bangalore 25Grasim IndustriesDiversified151,048 14%3,706Mumbai26GAILOil and gas147,417 8%12,450New Delhi 27Punjab National BankBanking141,570 15%18,480New Delhi 28Bajaj FinservFinancials133,840 21%8,872Pune29Nayara EnergyOil and gas130,326 3%6,080Mumbai30Union Bank of IndiaBanking129,979 10%18,027Mumbai 31HCL TechnologiesInfotech119,488 7%17,390Noida32Motherson Sumi SystemsAutomotive114,502 16%3,803Noida33Power Finance CorporationFinancial services107,203 17%22,991New Delhi34Kotak Mahindra BankBanking107,095 14%22,126Mumbai35Steel Authority of IndiaIron and steel103,861 6%2,372New Delhi 36ITC LimitedConsumer goods93,705 31%34,747Kolkata37WiproInfotech92,937 1%13,135Bangalore38FlipkartE-commerce84,230 18%−5,189Bangalore39IndiGoAirline84,098 18%7,258Gurgaon40Bank of IndiaBanking80,625 19%9,548Mumbai 41Indian BankBanking72,051 12%11,261 Chennai42Hyundai Motor IndiaAutomotive70,282 2%5,640Gurgaon43Tata PowerUtilities68,892 6%3,971Mumbai44Titan CompanyGems and jewellery68,758 27%3,337Bangalore45Toyota Kirloskar MotorAutomotive65,958 16%5,672Bidadi46Hindustan UnileverConsumer goods64,891 3%10,649Mumbai47Adani EnterprisesTrading62,652 12%7,112Ahmedabad48AWL Agri BusinessConsumer goods61,387 24%1,226Ahmedabad49Avenue SupermartsRetail60,599 17%2,708Mumbai50NABARDFinance59,292 20%7,803Mumbai
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