India is the second-most populous country and one of the biggest economies, with a gross domestic product of $3.2 trillion, or $2,260 per capita. Although economic output per capita is relatively low, India’s economy is growing rapidly. We want to examine the top ten Indian companies by sales. They include:

1. Reliance Industries

Revenue: $105bn

Reliance Industries is India’s biggest conglomerate, with interests ranging from oil to telecoms, entertainment, retail, textiles, energy, etc. It was founded in 1957 by the late Dhirubhai Ambani. Dhirubhai’s son, Mukesh Ambani, currently runs the company; he is India’s richest man, with a net worth topping $100bn.

2. Indian Oil Corporation

Revenue: $98bn

Indian Oil Corporation is a state-owned integrated oil company. Its business covers the entire oil and gas supply chain, from exploration to refining to pipelines and marketing of petroleum products. Indian Oil’s shares trade on the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE).

3. Life Insurance Corporation Of India (LIC)

Revenue: $98bn

Life Insurance Corporation Of India (LIC) is India’s largest insurance policy provider. The Indian government holds the majority of shares, and the Indian Ministry of Finance controls the company. LIC is India’s largest institutional investor with $570bn of assets under management.

4. Bharat Petroleum

Revenue: $55bn

Bharat Petroleum is another state-owned oil and gas company. It specializes in petroleum refining, operating three major refineries and 18,000+ fuel stations to sell refined products. Bharat Petroleum’s shares trade on the National Stock Exchange and Bombay Stock Exchange.

5. Hindustan Petroleum

Revenue: $51bn

Hindustan Petroleum is a state-owned oil refiner. It operates five refineries producing diesel, aviation fuel, motor spirit, liquefied petroleum gas, and more. The company has over 9,000 employees and is headquartered in Mumbai, India’s most economically productive city.

6. Tata Motors

Revenue: $44bn

Tata Motors is a multinational automobile manufacturer. It produces over 1 million cars, trucks, vans, and buses annually. The company makes Tata-branded vehicles and also owns the Range Rover, Jaguar, Defender, and Discovery brands. Tata Motors operates manufacturing plants in India, South Africa, the United Kingdom, Thailand, and Argentina.

7. State Bank of India (SBI)

Revenue: $38bn

State Bank of India (SBI) is a state-controlled banking institution, with the Indian Central Bank owning 60% of its shares. It is India’s largest bank and the 48th largest bank worldwide by total assets. SBI has over 22,000 branches and roughly 250,000 employees.

8. Oil & Natural Gas Corporation

Revenue: $36bn

The Oil and Natural Gas Corporation is a state-owned oil and gas explorer and producer. It accounts for 70% of India’s domestic crude oil production and 84% of natural gas production. It’s the second-most profitable government-owned company in India, only surpassed by the State Bank of India. Its shares trade on the National Stock Exchange and Bombay Stock Exchange.

9. Rajesh Exports

Revenue: $32bn

Rajesh Exports is a gold retailer. It refines, designs, and sells gold and other precious metals. The company was founded in 1989 by brothers Rajesh and Prashant Mehta, who have become multi-billionaires from their ownership stake. In 2015, Rajesh Exports acquired the world’s largest gold refiner, Swiss-based Valcambi, to bolster its business.

10. Tata Consultancy Services (TCS)

Revenue: $29bn

Tata Consultancy Services (TCS) is an information technology (IT) services and consulting company. It’s part of the Tata Group alongside Tata Motors, the sixth-largest Indian company by sales. TCS has over 610,000 employees worldwide, making it one of India’s largest employers.

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