Top 10 Largest Companies in India

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With a flourishing entrepreneurial spirit and burgeoning middle class, India is home to some of the world’s largest corporations. As China’s role as the global engine of growth stalls, analysts have pointed to India as an emerging driving force for the world’s economy, signalling its importance in the years to come.

We have compiled the list of the top 10 largest companies in India (by revenue):

10. Tata Consultancy Services

Industry: Information technology

Revenue: $16.54 billion

Number of Employees: 371,519

Tata Consultancy Services (TCS), a subsidiary of the Tata Group, is a leading global consulting company offering IT services, digital and business solutions to its clients across the globe. Founded in 1968 by Tata Sons to provide punched card services to Tata Steel (formerly TSICO), TCS has evolved to become one of the largest IT service providers in the world and the 10th largest company in India by revenue.

Headquartered in Mumbai, TCS boasts 58 subsidiary companies and operates from more than 280 offices across 46 countries. TCS is also currently ranked as the 3rd largest employer in the Asia Pacific region, with 371,519 employees as at September 2016.

9. Hindalco Industries Ltd

Industry: Metals and Mining

Revenue: $17 billion

Number of Employees: 20,238

Hindalco Industries Ltd is the largest aluminous rolling company in the world by revenue, with a combined turnover of $17 billion. The Mumbai-based company also ranks as the largest manufacturer of primary aluminum in Asia with a presence in 13 countries.

In recent times, Hindalco has focused on reducing debt incurred as a result of heavy spending on capital expenditure during the global commodity downturn, which has had far-reaching effects on the global aluminum industry over the past 2-3 years.

8. Tata Steel

Industry: Iron and Steel

Revenue: $20 billion

Number of Employees: 80,500

Tata Steel Ltd (formerly known as TISCO), a subsidiary of the world acclaimed Tata Group, is a leading steel producing company with revenue of $20 billion as of 2015. Headquartered in Mumbai, Maharashtra, Tata Steel was founded in August 1907 by the Indian business tycoon Jamshedji Tata, and has grown to operate in 26 countries. It also employs more than 80,500 workers and is currently the 10th largest steel producing company in the world, with an annual crude steel capacity of 25.3 million tons.

7. Oil and Natural Gas Corporation Ltd

Industry: Oil and Gas

Revenue: $21 billion

Number of Employees: 33,560

Oil and Natural Gas Corporation (ONGC) is India’s largest oil and natural gas company, producing about 70% of the country’s domestic crude oil output. It was founded in 1956 as a state-owned enterprise controlled by the Ministry of Petroleum and Natural Gas. ONGC ranks as the 17th largest energy company in the world and is known to be the most profitable Public Sector Undertaking (PSU) in India.

The company is also well regarded as a preferred employer, having won the title of ‘Best Employer’ by the Aon Hewitt Best Employers Award. Today, the Dehradun, Uttarakhand-headquartered company is the 7th most valuable brand in India.

6. Hindustan Petroleum Corporation Limited

Industry: Oil and Gas

Revenue: $32 billion

Number of Employees: above 11,000

Hindustan Petroleum Corporation Limited (HPCL) is one of the largest Oil and Gas Companies in India. HPCL was incorporated as a Public Sector Undertaking (PSU) by the Indian government through a number of mergers and takeovers of companies including Esso Standard, Lube Limited, Caltex Oil Refining ltd, and Kosan Gas throughout the 1970’s.

Today, HPCL produces refined crude oil products from its refineries in Mumbai (with a capacity of 6.5 Million Metric Tonnes Per Annum) and Visakhapatnam (with a capacity of 8.3 Million Metric Tonnes Per Annum). The Mumbai-headquartered oil and gas giant is also reputed as having the second largest petroleum products pipeline network in the country and boasts more than 11,000 employees.

5. Bharat Petroleum Corporation Limited

Industry: Oil and Gas

Revenue: $36 billion

Number of Employees: 13,535

Founded in 1976 through the takeover of Burmah-Shell Oil Storage and Distributing Company of India by the Indian Government, Bharat Petroleum Corporation Limited (BPCL) has evolved to become the best performing “Navratna” Public Sector Undertaking with a revenue of $36 billion. Bharat Petroleum operates 4 different refineries: Mumbai Refinery (with a capacity of 13 million metric tonnes per annum), Kochi Refineries (with a capacity of 9.5 million metric tonnes per annum), Bina Refinery (with a capacity of 6 million metric per annum) and Numaligarh Refinery (with a capacity of 3 million metric tonnes per annum).

The oil and gas giant recently revealed its plans to invest $6.75 billion in order to increase its refining capacity by 62% over the next 6 years due to the rising local demand for fuel.

4. State Bank of India

Industry: Banking and Financial Services

Revenue: $42 billion

Number of Employees: 293,469

State Bank of India (SEBI) is the largest banking and financial services company in India, managing over $300 billion in assets. The state-owned global bank is headquartered in Mumbai, Maharashtra, and operates over 14,000 branches in India with foreign offices in 36 countries. The bank traces its ancestry to British India, making it the oldest commercial bank in the Indian Subcontinent.

Today, SEBI controls a 20% market share in deposits and loans among Indian commercial banks. According to a SEBI report, about 75 percent of the notes phased out of the Indian economy as a result of the ongoing demonetization policy will be restored by the end of January.

3. Tata Motors Limited

Industry: Automotive

Revenue: $42 billion

Number of Employees: 60,000

Tata Motors, the grand doyen of the Tata Group is India’s largest automobile company and one of the biggest in the world with revenues of $42 billion. From its humble beginnings in the 1940’s as a small automobile assembling plant in India, Tata Motors has grown to become a respected player in the global automotive industry with manufacturing and assembling plants scattered across India, Argentina, South Africa, Great Britain, and Thailand.

Its expansion into the international markets came largely through the acquisition of the Daewoo Commercial Vehicles of South Korea and the Jaguar Land Rover of the U.K in 2004 and 2008, respectively.

2. Reliance Industries Limited

Industry: Conglomerate

Revenue: $44 billion

Number of Employees: 24,930

Reliance Industries Limited (RIL) is India’s second largest corporation and the third most profitable company in India with revenues of US$44 billion. Headquartered in Mumbai, the company across a number of lucrative industries including energy, petrochemicals, textiles, natural resources, retail and telecommunications.

Reliance Industries’ energy division was recently ranked number 8 among the Top 250 Global Energy Companies by Platts, and the company single-handedly contributes approximately 20% of India‘s total exports. It is also an active driver of worker’s rights, winning the Healthy Workplace Award of the Arogya World India Trust presented in collaboration with the Public Health Foundation of India.

1. Indian Oil Corporation

Industry: Oil and Gas

Revenue: $61 billion

Number of Employees: 33,000

Indian Oil Corporation is the largest company in India and the leader in the nation’s oil and gas industry, with revenues of $61 billion with a net profit of $1.5 billion. Founded in 1959, Indian Oil has evolved into a global enterprise, with subsidiaries in Sri Lanka, Mauritius and the United Arab Emirates, with its sights set on venturing into new markets across Asia and Africa.

Indian Oil Corporation is the highest ranked Indian company in the Fortune Global 500 listing, at the 161th position in 2016 and is the number one petroleum trading company among the national oil companies in the Asia-Pacific region. In 2016, the company was ranked as one of India’s best companies to work for, and is the fifth most valued brand in India according to an annual survey conducted by Brand Finance and The Economic Times.