Forbes Revenue Profit Assets Value
Rank 2000 Name Headquarters (billions (billions (billions (billions Industry
rank US$) US$) US$) US$)
Reliance
1 49 Industries Mumbai 108.8 8.4 210.5 233.1 Conglomerate
Limited
State Bank of
2 55 Mumbai 71.8 8.1 807.4 87.6 Banking
India
3 65 HDFC Bank Mumbai 49.3 7.7 483.2 133.6 Banking
Life Insurance
4 70 New Delhi 98.0 4.9 561.4 73.6 Insurance
Corporation
5 142 ICICI Bank Mumbai 28.5 5.3 283.5 95.3 Banking
Oil and Natural
6 207 Gas New Delhi 77.5 5.1 80.6 41.9 Oil and gas
Corporation
Indian Oil
7 259 New Delhi 93.8 5.0 57.8 27.8 Oil and gas
Corporation
8 284 Tata Motors Mumbai 52.9 3.8 44.4 43.8 Automotive
9 293 Axis Bank Mumbai 16.7 3.2 182.0 42.3 Banking
10 372 NTPC Limited New Delhi 21.2 2.4 54.7 42.5 Utilities
Larsen &
11 398 Mumbai 26.7 1.6 40.7 56.9 Capital goods
Toubro
Tata
12 412 Consultancy Mumbai 29.1 5.5 17.6 166.5 Infotech
Services
13 440 Bank of Baroda Vadodara 17.1 2.3 198.4 16.2 Banking
Kotak
14 442 Mumbai 11.4 2.2 92.0 40.5 Banking
Mahindra Bank
15 472 Bharti Airtel New Delhi 18.1 0.9 53.3 91.5 Telecommunication
16 488 Coal India Kolkata 17.2 3.9 28.5 34.8 Metals and mining
17 525 Canara Bank Bangalore 16.8 1.8 184.0 12.4 Banking
Power Finance
18 533 New Delhi 11.1 2.4 124.6 18.5 Financials
Corporation
Bharat
19 537 Mumbai 54.1 3.2 24.3 16.4 Oil and gas
Petroleum
20 569 Infosys Bangalore 18.6 3.2 16.5 71.9 Infotech
Punjab
21 571 New Delhi 14.8 1.1 191.7 16.5 Banking
National Bank
Forbes Revenue Profit Assets Value
Rank 2000 Name Headquarters (billions (billions (billions (billions Industry
rank US$) US$) US$) US$)
Union Bank of
22 575 Mumbai 14.3 1.7 168.1 12.7 Banking
India
23 592 Bajaj Finserv Pune 13.0 1.0 64.5 30.3 Financials
Mahindra &
24 593 Mumbai 16.8 1.4 28.3 37.5 Automotive
Mahindra
25 645 JSW Steel Ltd Mumbai 21.1 1.1 27.4 26.6 Iron and steel
Hindalco
26 684 Mumbai 26.1 1.1 27.1 17.7 Metals and mining
Industries
Grasim
27 746 Mumbai 15.3 0.7 47.0 19.8 Diversified
Industries
HCL
28 764 Noida 13.3 1.9 12.0 43.4 Infotech
Technologies
29 810 ITC Limited Kolkata 8.5 2.5 10.5 65.4 Consumer goods
Power Grid
30 827 Corporation of Gurgaon 5.6 1.9 29.6 35.0 Utilities
India
31 834 Tata Steel Kolkata 28.3 −0.4 32.7 25.1 Iron and steel
32 901 IndusInd Bank Mumbai 6.7 1.1 61.8 13.2 Banking
Indian Railway
33 922 Finance New Delhi 3.2 0.7 58.6 26.5 Financials
Corporation
34 926 Wipro Bangalore 10.8 1.3 13.8 28.9 Infotech
35 930 GAIL New Delhi 16.1 1.2 15.0 16.1 Oil and gas
36 947 Indian Bank Chennai 7.8 1.0 95.4 8.7 Banking
Vedanta
37 961 Mumbai 17.4 0.5 22.9 19.7 Metals and mining
Limited
38 1048 Adani Power Ahmedabad 6.1 2.5 11.1 29.4 Energy
39 1053 Bank of India Mumbai 8.1 0.8 110.8 6.7 Banking
Adani
40 1059 Ahmedabad 12.7 0.4 19.3 41.9 Holding
Enterprises
Sun
41 1161 Mumbai 5.7 1.1 9.6 44.1 Pharmaceuticals
Pharmaceutical
42 1212 IndiGo Gurgaon 7.9 0.9 8.8 20.2 Airline
Adani Ports &
43 1219 Ahmedabad 3.2 1.0 14.3 34.6 Shipping
SEZ
Forbes Revenue Profit Assets Value
Rank 2000 Name Headquarters (billions (billions (billions (billions Industry
rank US$) US$) US$) US$)
44 1259 IDBI Bank Mumbai 3.7 0.7 43.7 10.9 Banking
45 1264 Bajaj Auto Pune 5.4 0.9 4.7 29.4 Automotive
Shriram
46 1281 Transport Chennai 4.4 0.9 29.8 10.7 Financials
Finance
47 1384 Asian Paints Mumbai 4.3 0.7 3.6 32.3 Chemicals
48 1534 Tata Power Mumbai 7.4 0.5 16.7 16.7 Utilities
49 1562 Titan Company Bangalore 6.2 0.0 2.3 1.1 Gems and jewellery
Jio Financial
50 1604 Mumbai 0.2 0.2 17.4 27.2 Financials
Services
49 1568 Rajesh Exports Bangalore 32.6 0.1 4.1 2.0 Gems and jewellery
50 1617 DMart Mumbai 6.1 0.3 2.5 36.6 Retail
Jindal Steel
51 1693 New Delhi 6.0 0.6 9.4 12.4 Iron and steel
and Power
LIC Housing
52 1697 Mumbai 3.3 0.4 34.9 4.3 Financials
Finance
Adani Green
53 1699 Ahmedabad 1.1 0.1 10.6 34.8 Renewable energy
Energy
Bajaj Holdings
54 1704 Mumbai 0.2 0.9 7.8 11.0 Holding
& Investment
General
55 1760 Insurance Mumbai 5.7 0.9 20.9 7.2 Insurance
Corporation
56 1769 Yes Bank Mumbai 4.0 0.2 48.7 8.3 Banking
Motherson
57 1805 Noida 11.4 0.2 9.4 10.5 Automotive
Sumi Systems
Bharat Aerospace and
58 1821 Bangalore 2.2 0.4 4.4 21.8
Electronics defense
Central Bank of
59 1840 Mumbai 4.3 0.3 53.7 6.4 Banking
India
Bank of
60 1842 Pune 2.8 0.5 36.8 5.5 Banking
Maharashtra
61 1848 Indus Towers Gurgaon 3.5 0.7 6.7 11.1 Telecommunication
Steel Authority
62 1853 New Delhi 12.9 0.4 15.6 8.3 Iron and steel
of India
Forbes Revenue Profit Assets Value
Rank 2000 Name Headquarters (billions (billions (billions (billions Industry
rank US$) US$) US$) US$)
63 1869 Federal Bank Kochi 3.2 0.5 38.1 4.8 Banking
64 1873 DLF Gurgaon 0.8 0.3 7.2 25.2 Real estate
Dr. Reddy's
65 1895 Hyderabad 3.4 0.7 4.6 11.6 Pharmaceuticals
Laboratories
Varun
66 1908 Gurgaon 2.0 0.3 1.8 23.6 Beverages
Beverages
67 1949 CIFCL Chennai 2.3 0.4 18.8 13.0 Financials
68 1957 NMDC Hyderabad 2.5 0.8 3.9 9.7 Mining
69 1980 ABB India Bangalore 1.3 0.2 1.3 21.3 Capital goods
2025 Fortune list
The 50 largest companies by revenue in 2025 according to the Fortune India 500.[3]