India is home to some of the largest companies in the world. The biggest Indian companies are spread across various sectors like oil & gas, banking, IT, automobile etc. The largest companies in India reach out to millions of customers, not only in India but have a strong global audience as well. The top companies in India include brands like Reliance, SBI, Indian Oil, Tata Motors, TCS along with HDFC, Infosys. Here is a list of the top 10 companies in India 2017 based on revenues and profits.
Quick Glance at the top Indian companies 2017
1st place: Reliance Industries
2nd place: Indian Oil
3rd place: TCS
4th place: Tata Motors
5th place: State Bank of India
6th place: Oil & Natural Gas
7th place: Bharat Petroleum
8th place: Hindustan Petroleum
9th place: Infosys
10th place: HDFC Bank
For more details about rankings and parameters, read on.
10. HDFC Bank
HDFC Bank is one of the giants in Indian Banking and Financial services industry.
Image: Wikimedia
HDFC Bank is founded in 1994 and is headquartered in Mumbai, Maharastra. Mr Aditya Puri is the current Chief Executive Officer and the company has a workforce of more than 85000 employees. HDFC Bank provides various projects pertaining to the financial services such as credit cards, corporate banking, insurance, private banking, wealth management, equity, mortgage loans etc. The company has two subsidiaries: HDFC Securities Ltd. and HDB Financial Services Ltd. HDFC Securities deals in providing brokerage services while HDB Financial Services deal in non-deposit taking non-bank finance.
The Retail segment of the bank engages in raising the deposits made by the customers, provide loans, and distributes third-party financial products. The Wholesale Banking segment provides loans and transaction services to corporate customers. The Treasury Services segment undertakes trading operations on the proprietary account.
HDFC has been conferred with many awards in 2017. Some of the awards include Best Bank in Cheque Truncation System (CTS), Best Bank in National Automated Clearing House (NACH), Best Bank in National Financial Switch (NFS), Best Domestic Bank by Asiamoney India Banking Awards, Banker of the year – Mr. Aditya Puri by Business Standard Annual Awards.
Revenue in $Bn: 11.4
Profit in $Bn: 2
9. Infosys
Infosys is one of the largest Indian Multinational IT Services company in the country.
Image: Wikimedia
Infosys is headquartered in Bangalore, India with Vishal Sikka as the Chief Executive Officer and Managing Director. The company is the largest employer of H-1B Visa professionals in the US, having a strong global presence. Founded in 1981 by Narayana Murthy, it now has a workforce of more than 130000 professionals. The company deals in segments of Financial services and insurance providing companies. The key products of Infosys include NIA – Next Generation Integrated AI platform, Finacle, Skava etc., its offerings also include BPO services, Consulting services, IT services and B2B services.
Infosys has more than 30 clients worldwide which include big companies like Accernture, IBM Corporation, U.S.Army, HP, Deloitte, Lockheed Martin, ICICI Bank, Daimler Mercedes-Benz, HSBC BANK, Bank of America, Goldman Sachs, etc. Infosys has received a number of awards namely Golden Peacock Award on Corporate Governance and Sustainability, Best Company in India at Finance Asia Platinum Awards, Vishal Sikka named CNBC Asia's India Business Leader Of The Year and many more.
Revenue in $Bn: 10.1
Profit in $Bn: 2.1
8. Hindustan Petroleum
Hindustan Petroleum is also a state-owned Oil and gas company like BPCL.
Image: Wikimedia
The Government owns around 52% shares in HPCL and the headquarters are located in Mumbai, Maharastra. Mr Mukesh Kumar Surana is the current Chief Executive Officer with a workforce of more than 10000 employees. The company was founded in 1974 and the company deals with products like Oil, Natural Gas, Petroleum, Lubricants, Petrochemicals. Hindustan Petroleum has a number of refineries in India of which some are located in Mumbai, Vishakapatnam, Mangalore, Punjab, and Rajasthan. Hindustan Petroleum has a number of ongoing projects which include Visakh Refinery Modernization Project (VRMP), Mumbai Refinery Expansion Project (MREP), Uran-Chakan / Shikrapur LPG Pipeline Project, Wind Power Project under Phase – II and many more.
Hindustan Petroleum has won the Leadership Excellence Award, Golden Peacock Occupational Health & Safety Award, Green Business Award, ISRS certifications, Suraksha Puraskar – Bronze Trophy. Currently Hindustan Petroleum is placed 807th in Forbes Global 2000 companies.
Revenue in $Bn: 28.5
Profit in $Bn: 0.752
7. Bharat Petroleum
Bharat Petroleum is a state-owned Oil and gas company which was earlier known as Burmah Oil Company.
Image: Wikimedia
Bharat Petroleum was acquired by the government in 1976 and thus Bharat Petroleum was founded in 1977. Currently the Chief Executive officer of the company is Mr Rajkumar Duraiswamy and the workforce includes around 13000 employees. The headquarters of the company are in Mumbai, Maharastra. Bharat Petroleum mainly deals with refining of crude oil and marketing of petroleum products. The company focusses in downstream petroleum and exploration & production of Hydrocarbons. Its products mainly include petroleum, Natural gas and some other petrochemicals. Bharat Petroleum is mainly based in refining activities in Mumbai and Kochi basins. Many projects of Bharat Petroleum are relating to the expansion of these refineries.
Bharat Petroleum has won the ABCI Silver award, SCOPE (Standing Committee in Public Enterprises), BPCL Director is among the most influential CFOs of India, ICE Awards, KSPCB Awards and many more.
Revenue in $Bn: 28.8
Profit in $Bn: 1.2
6. ONGC
Oil and Natural Gas Corporation is an Indian multinational company dealing in Oil and Natural Gas.
Image: company website
ONGC is also a PSU by the Indian Government, and it was founded in 1956 and is headquartered in Dehradun, Uttarakhand. Mr Dinesh Kumar Sarraf is the current Chairman & Managing Director of the company with a workforce of more than 34000 employees. The main business ONGC engages is the production of Oil, LPG and natural gas. It also processes crude oil and oil related products. ONGC is also engaged in transportation of Oil, Petrochemicals, power, and LPG.
ONGC has signed agreement with the Govt. of Andhra Pradesh, a southern state, to invest around Rs. 78000 crores in KG Basin by FY 2021-22. ONGC also has launched a start-up fund if Rs.100 crore to encourage new ideas relating to oil and natural gas sector. ONGC’s foreign subsidiary ONGC Videsh Ltd. is in plans to acquire stake in CSJC Vankorneft, which owns Russia’s second-largest oil and gas fields. Some of the awards and achievements of ONGC include improved brand valuation – 7th in India, ICC PSE Excellence Awards, Bhamashah Award for setting up smart Classes and many more.
Revenue in $Bn: 19.9
Profit in $Bn: 2.2
5. State Bank of India
State Bank of India is a public sector, Indian bank which is government owned.
Image: Wikimedia
It was founded on 1921 and was nationalised in 1956 and is headquartered in Mumbai, Maharastra. Arundhati Bhattacharya is the current Chairperson of the company and Mr Dinesh Kumar Khara is the CEO with a workforce of more than 200000 employees. State Bank of India deals in 4 segments preferably Treasury, Corporate Banking/Wholesale Banking, Retail Banking and Other Banking Business. The Financial services of the include fund management, factoring, broking, credit cards, Life insurance, general insurance, merchant banking and the treasury segment includes various products like investment portfolio, trading in foreign exchanges,contracts and derivatives etc. The Retail Banking includes primarily personal banking, agency business and ATMs.
Recently in April, State Bank of India has merged with 5 sister banks State bank of Bikaner & Jaipur, State Bank of Hyderabad, State Bank of Mysore, State Bank of Patiala and State Bank of Travancore making it India’s Largest Bank in terms of employees, customers, branches, ATMs. The company is currently placed 244 in the Forbes Global 2000 List.
SBI won NetApp Award 2017 for “Innovative Use of Data Storage”, National Payments Excellence Award for being the Highest Volume Contributor and excellent performance in all NPCI Products.
Revenue in $Bn: 43.7
Profit in $Bn: 0.667
4. Tata Motors
Tata Motors is an Indian Multinational automotive manufacturing company under the Tata Group.
Image: company website
Tata Motors was founded in 1945 and is headquartered in Mumbai under Mr Guenter Butschek as the Chief Executive Officer and Chandrashekaran Ramakrishnan as the President and CFO of the Tata Motors Group. Tata Motors has presence in 50 countries and is in an expansion mode internationally. Tata Motors products are broadly classified into 3 categories: Commercial Vehicle, Military vehicles, and Electric Vehicles. Tata Motors with the launch of Tata Nano and new model of Tata Ace has been able to create a buzz in the Indian market to provide them at low prices. Tata Motors R&D and manufacturing units are scattered in Asia, Africa and Europe for wider reach to the customers and to reduce costs.
Tata Motors has received several awards for various automobiles in many segments. Tata Tiago released as a passenger car has received Compact Car of the year award, Hatchback of the year, Car of the year, “Make in India” Award, and Value of money awards.
Revenue in $Bn: 41.2
Profit in $Bn: 1.7
3. Tata Consultancy Services
Tata Consultancy Services is an Indian IT company which is founded in 1968 by J.R.D.Tata.
Image: flickr.com/photos/pikkuanna/
TCS is the world’s 9th largest IT services company by revenue, and is a subsidiary of the parent company named Tata Sons. Recently, Mr Rajesh Gopinathan who was the Chief Financial Officer of TCS succeeded Mr N Chandrashekaran as the Chief Executive Officer. Mr N Chandrashekaran was named as the Chairman of the parent company Tata Sons. TCS currently has a CEO-COO model after 7 years which helped the company in early stages of the company in 2000s. Tata Consultancy Services has more than 50 big clients like Allianz group, Cisco, HP, ING Group, Microsoft, Sony, Philips, Electronic Arts, Qualcomm, Hutchinson. TCS has around 300 offices across 48 countries and has presence in other countries as subsidiaries. Recently, TCS got into a partnership with Aurus Inc. to improve the payment technology to optimize better payment solutions for TCS Omnistore.
Tata Consultancy Services was honoured for B2B Brand Experience, Mobile Marketing campaign and social Responsibility Programs of the year at American Business Awards. It was also awarded National Intellectual Property Award and WIPO award for innovative Enterprise.
Revenue in $Bn: 17.4
Profit in $Bn: 3.9
2. Indian Oil Corporation
Indian Oil Corporation is India’s largest commercial enterprise for two consecutive years from 2015-17.
Image: company website
The increase performance is due to the increase in the capitalization of the company by almost two fold in this fiscal year 2016-17. Balasubramanian Ashok is the current CEO and the headquarters are located in New Delhi. IOCL was founded in 1959 and has a current work force of around 33000 employees. IOCL operates its business through three main segments mainly petrochemicals and petroleum products. Some of the well-known petroleum products of IOCL are indane gas, SERVO lubricants and greases, Jet Fuel, etc. Some of the major projects of IOCL include Polypropylene plant at Paradip, Distillate yield improvement project at Haldia, BS-VI quality improvement project for refineries, De-bottlenecking of Salaya-Mathura Crude pipeline and many more.
Some of the achievements of IOCL include highest ranked Indian company in Fortune Global 500 listing, Best CFO award by ICAI, Best CSR project for Assam Oil School for women empowerment.
Revenue in $Bn: 54.1
Profit in $Bn: 1.7
1. Reliance Industries
Reliance Industries Limited(RIL) is one of the India’s largest conglomerate company headquartered in Mumbai, Maharastra.
Image: company website
Reliance has been founded by Dhirubhai Ambani in 1966 which later on has been taken over by Mukesh Ambani as its chairman with around 25000 workforce. Reliance has wide product based businesses in textiles, natural resources, and telecommunications, petrochemicals, energy, and retail and security services as service base business. Reliance industries is one of the investors paradise in recent times with its subsidiaries excelling in their respective fields. Some of these subsidiaries are: Reliance Industrial Infrastructure Limited, Reliance Retail, Reliance Life Sciences, Reliance Institute of Life Sciences, Reliance Clinical Research Services, Reliance Solar, Reliance Jio Infocomm Limited.
Recently in 2016 Dhirubhai Ambani has been conferred with the Padma Vibhushan award. With the disruptive innovation in the telecommunication field in 2016-17 Reliance has been able to get more profits and also a better market position in the telecommunication arena. Reliance Jio Infocomm has been able to give stiff competition to the current market players in India and has proved to be one tech giant in this field. Reliance is the winner of the Confederation of Indian Industries’ ‘Sustainable Plus Platinum Award’ in late 2016 and is place 106 in Forbes global 2000 List in 2017.
Revenue in $Bn: 41.8
Profit in $Bn: 4.3
Ranking Methodology:
1. The leading companies from India are taken
2. Parameters like revenues and profits are taken and given equal weightages
3. Based on that, final scores are calculated to derive the final ranks