Top Of The Most Profitable Indian Companies

As an investor, you are always on the lookout for profitable companies to invest in for maximum returns. In this article, we will take a look at some of the most profitable companies in India. The list is based on the financial performance of the latest financial year, 2020-2021, and the general financial reports of the companies. Here is a list of the most profitable companies in India to prepare you for investing in 2022. 

Reliance Industries Limited (RIL)

RIL is a multinational conglomerate with its headquarters in Mumbai. The company has a diverse list of businesses, including natural gas, energy, petrochemical, telecommunications, textiles, mass media, retail and green energy. Reliable Industries has climbed the ladder to become one of the most profitable companies through market capitalization. 

Apart from controlling a large market share, it also employs 195,000 people, making it the eighth largest employer in India. It also became the 1^st company in India to cross the $200B mark in terms of market capitalization. It has also enjoyed the title as the most profitable company in India for a couple of years though it was dethroned by Tata Consultancy Services in the 2019-2020 financial year. 

Tata Consultancy Services (TCS)

TCS is a multinational information tech company headquartered in Mumbai that offers IT services and consulting. It’s also the largest campus and workforce in Chennai, Tamil Nadu. As of May 2021, TCS was the leading company in the IT sector worldwide, with a whopping market capitalization of $169.2 million. 

The company operates in 149 locations in over 46 countries and is among the most valuable IT service providers globally. In 2015, TCS ranked 64th in Forbes World Most Innovative Companies List and best in India. The year 2018 saw the company ranked 11th on the fortune India 500 list, and in April the same year, it became the first IT company in India to hit the $100 billion mark in market capitalization and the second one overall after Reliance Industries in 2007. This was after its market capitalization on the Bombay Stock exchange hit Rs. 6.793 trillion.

HDFC Bank

This is an Indian banking and financial services company with its headquarters in Maharashtra Mumbai. It’s the largest bank in the private sector by both assets and market capitalization. It was founded in 1994, making it among the first banks to receive approval from the Reserve Bank Of India (RBI) to set up a private sector bank. It currently has 5653 branches with 16,291 ATMs in different cities across India. 

Apart from that, it also offers a variety of jobs to India, making it the 13th largest employer in the country with almost 120,000 employees. The bank has different digital products under its umbrella, including PayzApp and SmartBuy.

State Bank of India (SBI)

This is a multinational public sector bank headquartered in Mumbai offering banking and financial services. It made the Fortune Global 500 list of the largest companies, ranking 221st and being the only Indian company on the list. The bank operates a 23% market share in terms of assets and 25% of the loan and deposit market. 

ICICI Bank Limited

This is another multinational bank offering banking and financial services in India. The headquarters of the corporation are in Mumbai. The bank was founded in 1994 as it was one of the earliest banks to be authorized to establish a private sector bank. It offers products such as consumer, retail and corporate banking, credit cards, personal loans, finance and insurance, payment solutions, and wealth management. It has over 5275 branches in India with over 15,589 ATMs in these locations. 

The bank is in 17 countries with subsidiaries in the UK and Canada and branches in Qatar, Oman, Dubai, China, Bahrain, United States, Singapore, and South Africa. The company has also recently established offices in Belgium and Germany.

HDFC Limited

HDFC is an Indian company based in Mumbai offers financial services, majoring in housing finance. It was incorporated in October 1977 and since then, it has provided finance to everyone from individuals to corporates and developers for construction and repairs of apartments and commercial properties. The company also has a presence in life and general insurance, banking, venture capital, asset financing and management, education loans, etc.

Indian Oil Corporation Limited (IOC)

IOC is a state-owned corporation under the ministry of petroleum and natural gas India. The headquarters of the company is in New Delhi. The company has ventured into alternative energy and has subsidiaries in Mauritius, the middle east, and Sri Lanka. The company also employs over 31,648 employees and is keen on gender equality, having 2775 (8.77%) women on its payroll. 

Oil and Natural Gas Corporation (ONGC)

ONGC is another government-owned oil and gas company headquartered in New Delhi. It’s the largest state-owned oil and gas exploration and production company in India. It was granted Maharatna status in November 2010. It produces up to 70% of the country’s crude oil, meeting at least 57% of its demand.

Below is a table summarizing the 8 companies and crucial information about each of them.