Financial Services & Insurance

India's Top Publicly Listed Companies by Revenue

28 Feb, 2024 | Statistics

Revenue is a common metric to assess a company's financial health and success in the ever-changing global market. Revenue is closely related to profitability and shareholder returns, making it a critical metric for assessing a company's health and position in the market. Key industries include oil and gas, banking, information technology, metals and mining, and autos have grown significantly in India, one of the main economies with the fastest rate of development in the world. This growth has contributed to the remarkable economic performance of the nation.

Economic growth and global standing

In 2023, India's GDP showcased a remarkable increase of 7.6%, closing the year at an impressive $3.73 trillion with a GDP per capita of $2,610. This growth was driven by key sectors such as oil and gas, where companies like Reliance Industries, with a revenue of $106.19 billion, played a major role. Reliance's share price has increased by more than 22% during the last three months. With a market valuation of $237.68 billion as of February 2024, Reliance Industries is the 45th most valuable corporation in the world.

Other top players included the Life Insurance Corporation of India (LIC), with $99.33 billion. As of February 2024, LIC holds a market capitalization of $76.84 billion, making it the 207th most valuable company worldwide. Indian Oil and Oil & Natural Gas contribute significantly, with revenues of $94.87 billion and $77.52 billion, respectively. However, their market capitalizations of $27.82 billion and $40.34 billion position them as the 683rd and 475th most valuable companies globally.

In the oil and gas industry, Bharat Petroleum and Hindustan Petroleum, with revenues of $53.59 billion and $51.52 billion, are major players. Within the automotive sector, Tata Motors makes $50.92 billion in revenue. Tata Motors, with a $42.29 billion market capitalization, is ranked as the 454th most valuable company in the world. Information technology leader Tata Consultancy Services (TCS) makes a substantial contribution. With a market valuation of $179.85 billion as of February 2024, TCS is the 68th most valuable enterprise in the world.

Global presence and employment trends

These industry leaders' workforce sizes reveal information about their operating scope and effect on employment growth. Reliance Industries had 3,89,414 workers in the year 2023. LIC, which employs more than 100,000 people, and Indian Oil, which employs over 31,090 people, contribute substantially to creating jobs. The number of employees at Tata Consultancy Services, a dominant player in the information technology industry, increased steadily, reaching 614.8 thousand in 2022.

Moreover, these businesses' worldwide reach reflects their dedication to global markets. Reliance Industries operates in Australia, Malaysia, the United States, and the United Kingdom. With subsidiaries and branches spread throughout numerous continents, LIC operates in 14 countries, spanning Asia, Europe, Africa, and Oceania. Tata Consultancy Services is well-represented in more than 46 nations, reflecting the broad impact of Indian businesses worldwide.

Furthermore, an important measure of a company's stability and health financially is its dividend declaration. In 2023, Reliance Industries declared a dividend of 9 per share, totaling a 90% equity dividend. Strong financial performance and notable dividend yields were also displayed by other businesses, including LIC, Oil & Natural Gas, Bharat Petroleum, Tata Motors, and Tata Consultancy Services, showcasing their ability to generate profits and return value to shareholders.

The top Indian companies by revenue are not only economic powerhouses but also influential players on the global stage. India's place in the global business landscape will be impacted by these companies' strategies and international growth as they develop further.

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