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.
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.