 
Headed by Indian billionaire Mukesh Ambani, Reliance Industries continues to hold the top position in the Forbes Global 2000 India list, reporting impressive sales and profits of $114 billion and $8.24 billion, respectively, thereby also improving its global standing, moving up four ranks to #45.
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HDFC Bank — India’s most profitable bank, ranking #2 — has made a significant leap, rising 12 spots to rank #53 globally in 2025.
This advancement allowed it to surpass the state-run State Bank of India, which retained its global ranking at #55 but fell to 3rd place in India.
Among India’s most valuable companies, the Tata Group stands out with the largest representation, featuring six of its companies in the rankings — Tata Motors at #8, Tata Consultancy Services at #13, Tata Steel at #31, Titan at #50, Tata Power Company at #55, and the new entrant, Trent, at #70.
Top 10 largest companies in India — 2025 Edition
| RANK | NAME | SALES | PROFIT | ASSETS | MARKET VALUE | 
| 1 | Reliance Industries | $114.1 B | $8.24 B | $228.16 B | $205.91 B | 
| 2 | HDFC Bank | $55.7 B | $8.37 B | $513.9 B | $171.09 B | 
| 3 | State Bank of India | $77.53 B | $9.48 B | $846.3 B | $83.43 B | 
| 4 | Life Insurance Corp. of India | $107.19 B | $5.15 B | $682.46 B | $58.6 B | 
| 5 | ICICI Bank | $34.84 B | $6.04 B | $309.13 B | $117.09 B | 
| 6 | Oil & Natural Gas | $78.61 B | $4.65 B | $90.41 B | $36.27 B | 
| 7 | Axis Bank | $18.44 B | $3.32 B | $193.86 B | $42.25 B | 
| 8 | Bharti Airtel | $19.45 B | $2.94 B | $58.5 B | $121.07 B | 
| 9 | Tata Motors | $52.95 B | $3.8 B | $46.62 B | $28.21 B | 
| 10 | NTPC | $22.22 B | $2.63 B | $58.74 B | $40.44 B | 
Source: Forbes’ Global 2000 – INDIA
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Methodology: The Global 2000 ranks the largest companies in the world using four metrics: sales, profits, assets and market value – using the latest 12 months of financial data available to us as of April 25, 2015, to calculate the factors used in our rankings.