The market capitalization value of Indian companies has experienced a massive surge in the recent past, mainly due to the robust growth in their earnings along with better than expected performance in the domestic market. Not surprisingly, the most prominent Indian firms such as Tata consultancy services (TCS) and Reliance industries have been featured in the global top 100 companies for the first time.
The perceived value of any company depends on several factors, such as profits, assets, share price, and market value, among others. However, when it comes to the most valued companies in India, it largely depends on its market capitalization value.
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Here are the top 5 Indian companies by market cap in 2020.
Top 5 Most Valuable Companies in India in 2020
1. Reliance Industries
With a market capitalization value of Rs 878,518.52 Crores, Reliance Industries Ltd is currently the largest public company in India. Reliance is an Indian multinational conglomerate operating from Mumbai. It owns businesses across India and engaged in diverse segments such as petrochemicals, textiles, natural resources, retail, telecommunications, and energy. Mukesh Ambani, the chairman and managing director of Reliance Industries Ltd., is currently the highest paid CEO in India.
2. Tata Consultancy Services Limited (TCS)
Headquartered in Mumbai, TCS is a multinational information technology firm. With operations spanning across 46 countries, Tata Group’s TCS is the largest public company in India by market cap. TCS is also among the top 100 most valued companies in the world, with a market cap of 789,182.79 crores.
3. HDFC Bank
As the largest banking and financial services provider in India, HDFC bank has a market capitalization value of 653,409.33 Crores. It is headquartered in Mumbai, India and was incorporated in the year 1994.
As of now, HDFC bank has over 5000 branches all over the country with over a hundred thousand permanent employees. HDFC bank specializes in services such as retail banking, wholesale banking, personal loans, two-wheeler loans, auto loans, treasury, consumer durable loans, loans against property, credit cards, and lifestyle loans. It also offers some digital products such as SmartBUY and Payzapp.
4. Hindustan Unilever Limited (HUL)
With a market capitalization value of Rs. 471,604.31 Crores, Hindustan Unilever comes at number four in our list of most valuable companies in India. Headquartered in Mumbai, HUL is a British-Dutch manufacturing company. It produces goods such as beverages, food products, personal care products, cleaning agents, consumer goods, and water purifiers, to name a few.
Presently, Hindustan Unilever owns more than 35 brands in over 20 categories. With more than 18000 employees, HUL reported a revenue of Rs. 39,860 crore for 2018-2019.
5. Housing Development Finance Corporation Limited
Established in 1977 and based in Mumbai, HDFC is India’s first mortgage specialized company. It mainly specializes in providing loans for housing in India.
With a market cap of Rs 390,898.57 Crores, HDFC is currently the 5th most valuable publicly held company in India. Housing Development Finance Corporation Limited also encompasses areas including banking, asset management, life, and general insurance, education, reality, venture capital, and education loans.
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