Discover the Top Ten Biggest Companies in India
The global ease of doing business in various countries and the ready markets from the significant population have made India be an enviable economic hub. Various firms have grown with time to establish their roots across the globe with increase revenue translating to perpetual growth. With the current drastic expansion of the existing firms in India, it is predicted that the country is going to command a palpable share of revenue in the global markets. There are several firms in the private and public sectors in India whose success can be attributed to consistent expansion. This post focuses on outlining the biggest companies in India.
10. Coal India Limited
CIL stands as the leading global coal-producing firm based in India. The company was created by the state as a public entity in 1975 to enhance convenient coal mining under a new department. It produces and distributes coal through its key seven affiliates firm such as Mahanadi Coalfields Limited, Northern Coalfield Limited, and South-Eastern Coalfields Limited.
CIL deals with coal mining and boasts of approximately $18.7 billion in annual revenue.
9. Tata Steel
Tata Steel Limited is an international firm that deals with steel production with its headquarters in Mumbai and a prime affiliate to Tata Group. The firm used to run its operations as Tata Iron and Steel Company Limited. Tata Steel stands as the 12th largest global steel manufacturing firm.
Tata Steel, as multinational boasts of the capacity to produce around 24 metric tonnes of crude steel every year. This production makes the firm the largest in the private sector in steel production in India. The firm deals with steel and iron that give its annual revenue of $20.8 billion.
8. Rajesh Exports Limited
REL remains the largest firm that deals with gold exportation India. The firm has perfect operational modalities to deal with the export of gold products efficiently. It deals with gold production at all levels ranging from the refinery to retailing. The firm has a functional network comprising 80 showrooms for jewel retiling trading as SHUSH.
REL is a family-owned firm started by two brothers Rajesh Mehta, current executive chairperson, and Prashant Mehta. The company records approximately $26.5 billion in annual income.
7. Hindustan Petroleum Corporation Limited
Hindustan Petroleum Corporation Limited is among the leading dealing with the production of oil and gas in India with annual revenue of about $31.3 billion. The state used merges and takes overs to incorporate HPCL through the Public Sector Undertaking using various other firms like Lube Limited and Caltex Oil Refining Limited.
The firm has its headquarters in Mumbai and stands as the second leading oil and gas producing firm in India. It has oil refining plants in Mumbai and Visakhapatnam with the capacity to produce 6.5 million metric tonnes and 8.3 Metric tonnes, respectively.
6. Bharat Petroleum Corporation Limited
Bharat Petroleum Corporation Limited executed the expansion plans that saw it become the leading oil refining company in India with revenue of about $33.7 billion. The firm spearheads its operations through its four key affiliates, namely Mumbai Refinery, Kochi Refineries, Bina Refinery, and Numaligarh Refinery, that produce oil millions of metric tonnes every year.
The company was formed as a state takeover and has become the most profitable firm under Public Sector Undertaking in India.
5. Tata Motors
Tata Motors is an automobile firm that deals with the manufacture of motor vehicles and parts as a member of the Tata Group. The firm has distribution outlets in approximately 175 countries globally. It deals with a wide range of automobiles such as buses, SUVs, and heavy commercial vehicles.
Tata Motors is the leading motor vehicle manufacturing firm and 17th best in the global automobile industry.
4. State Bank of India
State Bank of India-SEBI is a banking and financial institution that commands the largest share in this industry within the Indian financial market. The bank is run by the government with its headquarters in Mumbai. It boasts of a large asset base running to the tune of about over $300 billion.
The bank has a global presence in 36 countries and over 14,000 branches in the Indian market.
3. Oil and Natural Gas Corporation Limited
Oil and Natural Gas Corporation Limited- ONGC stands as the leading firm in producing natural gas and crude oil in India. It commands about 70% of the crude oil processed in India, with its annual of about $47 billion. The company was formed by the state in the 1950s under the management of the Ministry of Petroleum and Natural Gas.
It enjoys a substantial share in the global market, making it to the list of Fortune’s most coveted global energy firms.
2. Reliance Industries Limited
Reliance Industries Limited (RIL) comes as the largest Indian corporation in the private sector with its headquarters in Mumbai. It acts as a conglomerate with various ventures ranging from natural resources, telecommunications, petrochemicals, and energy.
Its telecommunication subsidiary wireless services dealer was ranked as the best in India and positioned number 17 globally in 2018. RIL boasts of approximately $57.9 billion annual revenue.
1. Indian Oil Corporation
Indian Oil Corporation comes as India’s top and the leading establishment in the oil and gas sector. It boasts of a stable global presence spread in countries like United Arabs Emirate, Sri Lanka, and Mauritius.
It is the best among the firms that deal with petroleum and gas production in the Asia-Pacific area. Its annual revenue runs to the tunes of $59.9 billion.