If we go through the GDP, India is ranked the seventh-largest economy in the world according to the International monetary fund(IMF). The valuation is currently $2.31 Trillion. The reason behind the tremendous growth in the GDP of India is the top 5 companies that are accelerating their business in India and overseas.
List of Top 5 Companies in India
#1 Reliance Industries
Reliance Industries Limited (RIL) is an Indian multinational conglomerate company headquartered in Mumbai, Maharashtra, India. 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 largest publicly traded company in India by market capitalization, and the largest company in India as measured by revenue after recently surpassing the government-controlled Indian Oil Corporation. On 10 September 2020, Reliance Industries became the first Indian company to cross $200 billion in market capitalization.
#2 Tata Consultancy Services
TCS is the second-largest Indian company by market capitalization. Tata consultancy services are now placed among the most valuable IT services brands worldwide.
In 2015, TCS was ranked 64th overall in the Forbes World’s Most Innovative Companies ranking, making it both the highest-ranked IT services company and the top Indian company. It is the world’s largest IT services provider. TCS is one of the top 10 IT companies in India. As of 2018, it is ranked eleventh on the Fortune India 500 list.
In April 2018, TCS became the first Indian IT company to reach $100 billion in market capitalization, and the second Indian company ever (after Reliance Industries achieved it in 2007) after its market capitalization stood at ₹6,79,332.81 crore ($102.6 billion) on the Bombay Stock Exchange.
#3 HDFC Bank
HDFC Bank Limited is an Indian banking and financial services company headquartered in Mumbai, Maharashtra. It has a base of 104,154 permanent employees as of 30 June 2019 HDFC Bank is India’s largest private sector bank by assets. It is the largest bank in India by market capitalization as of March 2020.
A subsidiary of the Housing Development Finance Corporation, HDFC Bank was incorporated in 1994, with its registered office in Mumbai, Maharashtra, India. Its first corporate office and a full-service branch at Sandoz House, Worli were inaugurated by the then Union Finance Minister, Manmohan Singh.
#4 Hindustan Unilever (HUL)
Hindustan Unilever Limited (HUL) is an Indian consumer goods company headquartered in Mumbai, India. It is a subsidiary of Unilever, a British company. Its products include foods, beverages, cleaning agents, personal care products, water purifiers, and other fast-moving consumer goods.
HUL was established in 1931 as Hindustan Vanaspati Manufacturing Co. and following a merger of constituent groups in 1956, it was renamed Hindustan Lever Limited. The company was renamed in June 2007 as Hindustan Unilever Limited.
As of 2019 Hindustan Unilever’s portfolio had 35 product brands in 20 categories. The company has 18,000 employees and clocked sales of ₹34,619 crores in FY2017–18.
In December 2018, HUL announced its acquisition of GlaxoSmithKline’s India business for $3.8 billion in an all-equity merger deal with a 1:4.39 ratio. However, the integration of GSK’s 3,800 employees remained uncertain as HUL stated there was no clause for retention of employees in the deal. In April 2020, HUL completed its merger with GlaxoSmithKline Consumer Healthcare (GSKCH India) after completing all legal procedures
#5 Infosys
Infosys Limited is an Indian multinational corporation that provides business consulting, information technology, and outsourcing services. The company is headquartered in Bangalore, Karnataka, India. Infosys is the second-largest Indian IT company after Tata Consultancy Services by 2017 revenue figures and the 596th largest public company in the world based on revenue. On 29 March 2019, its market capitalization was $46.52 billion.
Infosys was established by seven engineers in Pune, Maharashtra, India with an initial capital of $250 in 1981. It was registered as Infosys Consultants Private Limited on 2 July 1981. In 1983, it relocated its office to Bangalore, Karnataka, India.
The company changed its name to Infosys Technologies Private Limited in April 1992 and to Infosys Technologies Limited when it became a public limited company in June 1992. It was later renamed to Infosys Limited in June 2011
