The Top 10 Biggest Companies in India

When India hosted the 13th BRICS summit in September 2021, it was the sixth-largest economy in the world with a GDP of $3.05 trillion. That’s more than double the GDP it had when the country first joined the group of emerging economies in 2009 (alongside Brazil, Russia, China and later South Africa), at $1.3 trillion. 

What are the major industries and companies driving this growth in GDP, and rising alongside it? This time we’re highlighting the top 10 biggest companies in India, the world’s most populous democracy.

What Are the Biggest Public Companies in India?

India’s growth to one of the world’s most powerful economies came extremely quickly, considering it only became a federal republic in 1950.

In 1951, the country was considered relatively impoverished compared to the Western world, with 361 million people, a per-capita income of just $64, and a literacy rate of 17%. By 2021, the population had surged to 1.2 billion, income rose to $1,498, and literacy climbed to 74%. And most of that growth was fueled internally, as the Indian government was largely protectionist until the 1990s. Today, its free market policies and wide cultural reach help bolster the country’s massive industrial, agricultural, and telecommunications industries.

Topping the charts are two massive conglomerates, Reliance Industries with a market cap of $231 billion and Tata Group with a market cap of $187 billion. 

Reliance started in textile production before a string of oil discoveries and purchases saw it overtake state-owned oil enterprises in revenue. Now the conglomerate also has holdings in petrochemicals, retail, telecom, and mass media, making chairman and largest shareholder Mukesh Ambani the richest person in Asia with a net worth of $100 billion.

But India’s largest conglomerate is Tata Group, with more than 25 subsidiaries in IT (its largest income source), airplanes, food and beverages, and industrials. Tata Motors is India’s largest vehicle manufacturer, and the owner of South Korea’s Daewoo and the UK’s Jaguar Land Rover.