We have seen fast growth in the finance sector recently. Many Financial Technology Companies and Startups have recently been established in the country. It has also resulted in the financial awareness of common people. They were not aware enough but after the recent rise of fin-tech startups, financial literacy is increased and more people are willing to invest in the stocks. From May 2020 to September 2021, the user base of the Bombay Stock Exchange has doubled and reached the mark of 80 million. Out of these users, ten million users joined in a short span of four months from June 2021 to September 2021. In this blog, we will look at the top company name list in India according to their market share.

What is Market Capitalization?

People also refer to Market Capitalization as Market Cap. It indicates the amount of capital a particular company holds in the market. The market capital frequently fluctuates based on the stock price of that company. It can be calculated by the following formula-

Total Market Capitalization = Market Price of One Share x No. of Shares Issued by the Company

For example, you established a company in 2012, issued 4000 shares in 2016, then again issued 2000 shares in 2020 and next you issued 3000 shares in 2022. Now, if the current market price of the share of your company in 2023 is Rs. 476 then the market capitalization of your company will be 476 x (4000+2000+3000) = Rs. 4284000 as calculated using the above-mentioned formula.

List of Top 10 Companies by Market Share

The Bombay Stock Exchange (BSE) monitors the price of stocks of the listed companies and accordingly, calculates their market share based on the number of stocks that the company has issued to date. It updates the list daily based on the last closed stock price of the Brands. The company name list goes as below-

1. Reliance Industries Ltd. (RIL)

Reliance Industries Limited (RIL) is a big Indian company based in Mumbai. It started in 1966 and did many different things in various industries. It was involved in making chemicals, refining oil, exploring oil and gas, providing telecommunications services, running retail stores, and media. RIL has subsidiaries like Reliance Jio and Reliance Retail etc. It has brought significant changes to the telecom and retail industries in the country. Reliance Jio is one of the biggest endeavours of this company. It revolutionalised the telecom industry and permanently changed the way India uses the internet. Cheaper internet, provided by Reliance Jio, brought the marginal population of the country to the global digital stage. RIL tops the company name list by market cap in India.

2. Tata Consultancy Services Ltd. (TCS)

Tata Consultancy Services Limited (TCS) is a subsidiary of the Tata Group. It helps other businesses with requisite technology and fulfilling their business needs. It started in 1968 as Tata Computer Systems by a division of Tata Sons Limited. TCS works in 46 countries and 150 locations with more than 6 lakh employees and offers a lot of different services. It is involved in making software, managing computer systems, and helping companies with their online presence and security. It uses new and advanced technologies like artificial intelligence and cloud computing to help its clients succeed. It also has the highest stock price among the top ten brands having the most market capital.

3. HDFC Bank Ltd.

HDFC Bank Ltd. is a big bank in India that manages the finances of individuals and businesses. It started in 1994 and is presently India’s largest private-sector bank. It also ranks in the tenth position on the list of the world’s largest banks. HDFC Bank provides different services like saving and checking accounts, loans, and managing business money. It has many branches and ATMs all over India, so people can easily access the services. The bank is known for being modern and using technology to make banking easier. An interesting fact about it is that it is a subsidiary of the Housing Development Finance Corporation but has around double the capital as compared to the parent company.

4. ICICI Bank Ltd.

ICICI Bank Limited is another major bank in India that provides financial services to people and businesses. It started in 1994 as a government organization with the name ‘Industrial Credit and Investment Corporation of India’. Later, it transformed into ICICI Bank and has become one of the most well-known banks in the country. It operates worldwide and offers various banking services such as savings accounts, loans, credit cards, and investment options. It ranks four among the company name list of the top 10 market capitals. The ICICI bank has branches and ATMs across India for the convenience of the customers. It also has subsidiaries like ICICI Direct, ICICI Securities and insurance companies like ICICI Lombard and ICICI Prudential.

5. Hindustan Unilever Ltd. (HUL)

Hindustan Unilever Limited (HUL) is a big consumer goods company in India. It is a subsidiary of the British company Unilever. HUL started a long time ago and has become a household name today through its huge range of trustworthy brands. It makes various products in categories like food, home care and personal care that people use every day. Their products are available in many stores across India which results in huge profits for the company. It often gets popular for its creative ad campaigns but also sometimes triggers controversies when correlate with sensitive social issues. HUL has faced social boycotts and court proceedings for their controversial ad campaigns and also had to rebrand one of its products for the same reason.

6. ITC Ltd.

ITC Ltd is a large Indian company that operates in many different industries having headquarters in Kolkata. It started a long time ago and has become a well-known name in India. ITC is a conglomerate that works in sectors like consumer goods, hotels, paperboards, and agriculture. It makes products like cigarettes, food items, and personal care items. It is a big competitor for Hindustan Unilever Limited as both brands are dealing in consumer goods and rank among the top ten companies. It also has hotels and resorts under the division ITC Hotels, where people can stay and enjoy their services. It gets the sixth position in the top 10 list of company names based on market share. The company supports farmers and helps improve agriculture practices. ITC is known for its quality products and its efforts to make a positive impact on society and the environment.

7. Infosys Ltd.

Infosys Ltd. is an Indian company that provides IT services and solutions. It started in 1981 in Pune, Maharashtra and has grown to become a well-known name in the technology industry. With its headquarters in Bengaluru, Infosys helps businesses by developing software, managing computer systems, and providing consulting services worldwide. Infosys is known for its skilled workforce and focus on innovation. It has a global presence and works with clients from various industries. Infosys is a big name in the field of consulting, artificial intelligence, information analytics, engineering services, digital marketing and block chain technology.

8. State Bank Of India (SBI)

The State Bank of India (SBI) is a veteran multinational public sector bank and financial service provider in India. It is the successor of the Imperial Bank of India and came into existence as SBI in 1955. It provides all kinds of banking and financial services to individuals and businesses. It secures the eighth position in the company name list for the top 10 companies as per market capital. SBI has the most number of ATMs in the country which provides the convenience of accessing the services from remote locations to its customers. The State Bank of India has committed to financial inclusion in the country and uses a customer-friendly approach. It aims to provide banking services to all sections of society and contribute to the growth of the Indian economy.

9. Housing Development Finance Corp. Ltd. (HDFC Ltd.)

Housing Development Finance Corporation Limited (HDFC Ltd.) is a major financial company in India that focuses on housing finance. It started in 1977 and has since become a trusted name in the industry. It also owns HDFC Bank Ltd. which is the third largest company in India. HDFC Ltd. provides loans and financial services to assist its customers in buying or constructing homes. It also offers services for renovating homes or purchasing land. HDFC Ltd. aims to make housing affordable and accessible for everyone. It has a wide network of branches across India and strives to help people fulfil their dreams of owning a home.

10. Bharti Airtel Ltd.

Bharti Airtel Ltd. stylised as ‘airtel’ is a multinational telecommunication company based in New Delhi. It was started in 1995 by Sunil Mittal and serves in eighteen countries across South Asia, Africa and the Channel Islands. It provides Telecom Services, Digital TV Services, and Financial Services through its Payments Bank to millions of customers across the country. Bharti Airtel is known for its wide network coverage and fast internet speeds. It focuses on customer satisfaction and provides innovative services to meet the evolving needs of its customers. Bharti Airtel plays a significant role in connecting people and enabling communication across India. Bharti Airtel ranks in tenth position in the company name list by market capitalisation.

Conclusion

This list contains the top 10 companies in India that have the most market capitalization. As on 26th May 2023, their share prices range from Rs. 443 (ITC Ltd.) to Rs. 3329 (Tata Consultancy Services Ltd.). ITC Ltd., State Bank of India, and Bharti Airtel Ltd. have the lowest share price among these companies while Tata Consultancy Services Ltd., Hindustan Unilever Limited, and Housing Development Finance Corporation Ltd. have the highest share price.

Out of these ten brands, there is only one British-owned company - Hindustan Unilever Ltd. It shows that self-grown Indian companies are touching milestones and competing with global players. It is another step towards making India self-reliant. The market has changed a lot in recent years. Now startups are achieving the milestones and getting the tag of a unicorn. You can also take your business to that level with the assistance of Corpseed. We, at Corpseed, can help you to get your financial, environmental and legal compliances done.

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