Top 10 Companies in India 2020
India has some incredibly valuable publicly traded companies. We're using market capitalization to measure these companies' value in 2020. There are many ways to measure its value, but we choose market cap. Market capitalization is a company's entire valuation based on its current share price & the total number of outstanding stocks. It is useful to categorize companies into categories like large-cap, mid-cap, and small-cap firms.
The top 10 companies in India 2020 understand how to fulfill demand and supply by employing India's enormous population. The following list of firms will provide useful information on the top 10 companies in India.
1. Reliance Industries Ltd
RIL is a Mumbai-based Indian multinational corporation led by Mukesh Ambani. In the 1960s, Dhirubhai Ambani & Champaklal Damani jointly founded Reliance Commercial Corporation.
In India, Reliance owns operations in the telecoms, petrochemicals, textile, natural resources, and energy sectors. Reliance is India's most successful company. Its marketing and refining activities comprise around 25 percent of India's total capacity for refining, and the company is the dominant force in the country's polyester market.
This company is listed on the Bombay & National Stock Exchanges of India. The company has maintained consistency for many years and is often a top pick for stock investors.
It is one of the most profitable companies in India and is also the most valuable, with a market capitalization of Rs.11,43,667 Crores as of 2020.
2. Tata Consultancy Services
TCS is a multinational Indian IT service & consulting firm based in Mumbai. The Tata Group segment employs people in 149 sites throughout 46 nations.
TCS is India's largest IT corporation and the second-largest Indian company in terms of market value. TCS is currently the world's most valued IT services brand. TCS has made large R&D investments with a focus on innovation. It has built research facilities in the US and India to create new technologies and solutions.
TCS is a favorite among stock traders. It has been listed on the BSE & NSE since 2004. Its market cap in 2020 was Rs.6,65,275 crores.
3. HDFC Bank
HDFC Bank is an Indian banking & financial services firm founded in 1994 and headquartered in Mumbai.
The bank has 4,963 branches & 13,160 ATMs dispersed around the country in 2,727 cities/towns. The bank's asset base is solid, with a high capital adequacy ratio and a low ratio of non-performing loans. The bank is well-positioned to capture both the rate, squeeze rate markets, squeeze out credit for NBFCs, and consolidate PSU Banks. It is India's biggest private bank. By assets & market value, it is India's largest private-sector lender. In the financial year 2019, HDFC bank generated revenue worth Rs.1,17,000 crores, and in 2020, the bank had a market cap of Rs.5,89,000 crores.
4. Hindustan Unilever Ltd
In 1933, Hindustan Unilever Limited was established, and its headquarters is in Mumbai. Foods, drinks, household cleaners, cosmetics, water purifiers, & consumer items are among its products. Over 18000 people work for the company, which includes 35 product names across 20 categories. Despite being a private company, HUL strives to maximize its beneficial influence on all stakeholders through corporate social responsibility programs.
The firm continues to be a top choice in the industry due to its strong volume growth compared to competitors and superior profitability growth compared to past performance.
In the financial year 2020, the company made a profit of more than 6,000 crore rupees, and its market cap was around Rs.5,10,000 crores.
HDFC is a Mumbai-based financial services company established as India's first specialty mortgage firm in 1977. In India, it is a key source of home financing.
The following sectors are also where HDFC operates: banking, general insurance, health insurance, life insurance, asset management, venture funding, real estate, education, deposit, & student loans. Through its unit HDFC Asset Management Accounting Limited, HDFC provides mutual fund services. In HDFC Bank, HDFC owns 26.14% of the stock. For a fee, HDFC Bank obtains mortgages for HDFC. In the year 2020, its market cap was Rs.3,27,000 crores.
A multinational company based in India, Infosys Limited provides business consultancy, information technology, and outsourcing services. It was founded in 1981. Its corporate headquarters are in Bangalore, Karnataka, India, and it is the country's second-largest IT Corporation after Tata Consultancy Services. A significant contract that the firm has received offers moderate revenue projections for the current fiscal year. The firm is set to maintain its pace of significant agreements in the financial year due to a strong deal pipeline and investments in sales and marketing. As a result, India's second-largest corporation sees a sweet spot in one's portfolio for the medium to long term. The market cap of Infosys in 2020 was around Rs.3,24,000 crores.
7. Bharti Airtel Ltd
Bharti Airtel is an Indian private company that is a worldwide telecommunications leader with operations in 18 countries throughout Asia, the Middle East, and Africa. Airtel is India's largest mobile network operator and offers 2G, 3G, and 4G services. In terms of landline telephone, Internet, digital television, and mobile services, Airtel is the leader in India.
The Airtel network covers more than 99 percent of Indians.
It is remarkable to see Airtel's operational entrepreneurship and success in India. The company has become a global telecommunications leader thanks to its growth in foreign markets, first-rate customer service, and cutting-edge solutions. The market cap of airtel in the year 2020 was Rs.3,17,000 crores.
8. Kotak Mahindra Bank
Kotak Mahindra is India's second-largest bank. It started as a non-banking finance company that's an NBFC founded by Uday Kotak in 1985and at the time, and it went by the name of Kotak Mahindra finance. However, in 2003 the company received a banking license from the RBI and became the first ever NBFC to become a bank; as a result, Kotak Mahindra Finance became the Kotak Mahindra Bank. The bank offers financial and banking services like personal finance, life insurance, investment banking, and wealth management to corporative and retail customers. In the year 2020, the market cap was around Rs.2,67,000 crores.
9. ITC Ltd
One of the top private companies in India is ITC. ITC Ltd. was established in 1910. Its company's headquarters is in West Bengal, India. The company was established in 1910 as The Imperial Tobacco Company of India Limited. It became I.T.C. Limited after changing its name in 1974. It provides a variety of goods, such as hotels, agribusiness, information technology, specialty, tobacco, etc.
ITC has invested a substantial amount in renewable energy. This includes the use of biomass, solar, and wind e, energy, the production of biogas, the recharge of groundwater, the collection of rainfall, and the recycling of used water. ITC supports effective environmental management and promotes it throughout its production facilities. Its valuation in the year 2020 was around Rs.2,54,000 crores.
10. ICICI Bank
ICICI Bank is a worldwide Indian banking and financial services company headquartered in Mumbai with a regional office in Vadodara. This bank was listed on India's stock exchange in the financial year 1998, and ICICI became the first Indian company ever to be listed on the New York stock exchange in 1999. In investment banking, life & non-life insurance, venture capital, & asset management, it provides various financial services & banking products.
ICICI Bank operates in 17 countries and has 5,275 branches and 15,589 ATMs located around the nation. With the resolution of stressed assets and a pick-up in growth, ICICI's operating performance is improving and exhibiting indications of profit normalization. One might assume that the credit cost will decline as asset quality stabilizes, sustaining the return ratios. So, the stock can be viewed from a long-term perspective. In 2020, the market cap was around Rs.2,26,000 crores.
These are the top 10 firms in India according to market value in 2020, of which four are in the financial services sector, and two are in the FMCG and IT sectors.