India is home to some of the world’s largest and most successful companies, spanning a wide range of industries such as technology, finance, and manufacturing. Market capitalization, or the total value of a company’s outstanding shares, is often used as a key metric to measure a company’s overall value and success. As of March 2023, Reliance Industries Ltd. topped the list of the top 100 companies in India based on their market capitalization, followed by Tata Consultancy Services Ltd. and HDFC Bank Ltd. This list provides a snapshot of the Indian business landscape, highlighting the companies that are driving the country’s economic growth and development.

Top 100 companies in India based on their market capitalization as of March 2023

1. Reliance Industries Ltd.
2. Tata Consultancy Services Ltd.
3. HDFC Bank Ltd.
4. Infosys Ltd.
5. Housing Development Finance Corporation Ltd.
6. ICICI Bank Ltd.
7. Kotak Mahindra Bank Ltd.
8. Bharti Airtel Ltd.
9. State Bank of India
10. Larsen & Toubro Ltd.
11. Bajaj Finance Ltd.
12. Axis Bank Ltd.
13. Wipro Ltd.
14. ITC Ltd.
15. HCL Technologies Ltd.
16. Asian Paints Ltd.
17. UltraTech Cement Ltd.
18. Nestle India Ltd.
19. Mahindra & Mahindra Ltd.
20. Sun Pharmaceutical Industries Ltd.
21. Bajaj Finserv Ltd.
22. Tata Steel Ltd.
23. Titan Company Ltd.
24. Hindustan Unilever Ltd.
25. Maruti Suzuki India Ltd.
26. Power Grid Corporation of India Ltd.
27. Bharat Petroleum Corporation Ltd.
28. Oil and Natural Gas Corporation Ltd.
29. NTPC Ltd.
30. Britannia Industries Ltd.
31. Dr. Reddy’s Laboratories Ltd.
32. Shree Cement Ltd.
33. Coal India Ltd.
34. Adani Ports and Special Economic Zone Ltd.
35. GAIL (India) Ltd.
36. IndusInd Bank Ltd.
37. Hero MotoCorp Ltd.
38. Divi’s Laboratories Ltd.
39. Bajaj Auto Ltd.
40. JSW Steel Ltd.
41. HDFC Life Insurance Company Ltd.
42. UltraTech Cement Ltd.
43. Hindalco Industries Ltd.
44. Tata Motors Ltd.
45. Cipla Ltd.
46. Indiabulls Housing Finance Ltd.
47. SBI Life Insurance Company Ltd.
48. Nirma Ltd.
49. Muthoot Finance Ltd.
50. Vedanta Ltd.
51. Apollo Hospitals Enterprise Ltd.
52. Avenue Supermarts Ltd.
53. Eicher Motors Ltd.
54. Colgate-Palmolive (India) Ltd.
55. Lupin Ltd.
56. Aurobindo Pharma Ltd.
57. Tata Consumer Products Ltd.
58. Zee Entertainment Enterprises Ltd.
59. Godrej Consumer Products Ltd.
60. Torrent Pharmaceuticals Ltd.
61. Hero MotoCorp Ltd.
62. Bharat Heavy Electricals Ltd.
63. United Breweries Ltd.
64. Crompton Greaves Consumer Electricals Ltd.
65. Container Corporation of India Ltd.
66. Mahanagar Gas Ltd.
67. Indraprastha Gas Ltd.
68. Bata India Ltd.
69. Bosch Ltd.
70. HDFC Asset Management Company Ltd.
71. Adani Enterprises Ltd.
72. Siemens Ltd.
73. Avenue Supermarts Ltd.
74. Ambuja Cements Ltd.
75. Gujarat State Petronet Ltd.
76. Siemens Ltd.
77. Grasim Industries Ltd.
78. SRF Ltd.
79. Torrent Power Ltd.
80. Gujarat Gas Ltd.
81. Voltas Ltd.
82. Bharti Infratel Ltd.
83. Trent Ltd.
84. IRCTC Ltd.
85. Page Industries Ltd.
86. Chennai Petroleum Corporation Ltd.
87. GMR Infrastructure Ltd.
88. PI Industries Ltd.
89. Apollo Tyres Ltd.
90. Jubilant FoodWorks Ltd.
91. Aditya Birla Fashion and Retail Ltd.
92. IC
93. Coromandel International Ltd.
94. Future Retail Ltd.
95. Pidilite Industries Ltd.
96. Cholamandalam Investment and Finance Company Ltd.
97. The Federal Bank Ltd.
98. Sun TV Network Ltd.
99. Gujarat Pipavav Port Ltd.
100. Adani Transmission Ltd.

It’s important to note that market capitalization can fluctuate based on various factors, and this list only represents a snapshot of the Indian business landscape as of March 2023