India’s top 10 companies by revenue in 2023 include Reliance Industries, LIC, Indian Oil, and more. These companies span industries such as energy, insurance, and retail, contributing to India’s economic growth. These companies play a significant role in India’s business landscape.
1. Reliance Industries
Industry: energy
Revenue (2023: Q1; 2022: Q2, Q3, Q4): $108230 Millions
Stock symbol: RELIANCE.NS
Reliance Industries, headquartered in Mumbai, India, was founded in 1966. It operates in multiple countries, with a presence in over 100 countries worldwide. The company’s main activities include petrochemicals, refining, oil and gas exploration, and telecommunications. Reliance Industries is known for its diverse range of products and services, including textiles, retail, and digital services. It also owns popular brands such as Reliance Retail and Jio.
2. Life Insurance Corporation of India (LIC)
Industry: insurance
Revenue (2023: Q1; 2022: Q2, Q3, Q4): $99320 Millions
Stock symbol: LICI.NS
Life Insurance Corporation of India (LIC) Home Page
The Life Insurance Corporation of India (LIC) is headquartered in Mumbai, India and was founded in 1956. It operates in multiple countries, with a presence in over 14 countries worldwide. LIC is primarily engaged in the business of life insurance, offering a wide range of insurance products and services to its customers. It is known for its various brands and policies that cater to the diverse needs of individuals and businesses.
3. Indian Oil
Industry: energy
Revenue (2023: Q1; 2022: Q2, Q3, Q4): $98830 Millions
Stock symbol: IOC.NS
Indian Oil is headquartered in New Delhi, India and was founded in 1959. It operates in multiple countries, with a presence in over 30 countries worldwide. The company is primarily engaged in the refining, marketing, and distribution of petroleum products. It offers a wide range of products and services including gasoline, diesel, LPG, lubricants, and petrochemicals. Indian Oil is also known for its popular brands such as Indane (LPG), Servo (lubricants), and XtraPremium (petrol).
4. Oil & Natural Gas
Industry: oil & gas
Revenue (2023: Q1; 2022: Q2, Q3, Q4): $78650 Millions
Stock symbol: ONGC.NS
The headquarters of Oil & Natural Gas is located in the city of Dehradun, India. It was founded in 1956. The company operates in multiple countries, with operations in over 20 countries worldwide. Oil & Natural Gas is primarily engaged in the exploration, production, and refining of oil and natural gas. They also provide various services related to the energy sector. The company does not have any specific brands associated with its operations.
5. Bharat Petroleum
Industry: energy
Revenue (2023: Q1; 2022: Q2, Q3, Q4): $55810 Millions
Stock symbol: BPCL.NS
Bharat Petroleum is headquartered in Mumbai, India and was founded in 1977. It operates in multiple countries, including India, Nepal, and Sri Lanka. The company is primarily engaged in the refining and marketing of petroleum products. It offers a wide range of products and services, including gasoline, diesel, aviation fuel, and lubricants. Bharat Petroleum is known for its brands such as Bharatgas, Mak Lubricants, and Speed.
6. Hindustan Petroleum
Industry: energy
Revenue (2023: Q1; 2022: Q2, Q3, Q4): $53490 Millions
Stock symbol: HINDPETRO.NS
Hindustan Petroleum is headquartered in Mumbai, India and was founded in 1974. It operates in multiple countries, including India, Nepal, and Sri Lanka. The company is primarily engaged in the refining and marketing of petroleum products, including gasoline, diesel, and aviation fuel. It also offers various services such as LPG distribution and operates under the brand name “HPCL.”
7. Rajesh Exports
Industry: retail
Revenue (2023: Q1; 2022: Q2, Q3, Q4): $36190 Millions
Stock symbol: RAJESHEXPO.NS
Rajesh Exports is headquartered in Bangalore, India and was founded in 1989. It operates in multiple countries, with a presence in over 80 countries worldwide. The company’s main activities include the manufacturing, exporting, and retailing of gold and diamond jewelry. Rajesh Exports is known for its wide range of jewelry products and operates under various brands such as Shubh Jewellers and Laabh Jewellers.
8. Tata Steel
Industry: basic materials
Revenue (2023: Q1; 2022: Q2, Q3, Q4): $32710 Millions
Stock symbol: TATASTEEL.NS
Tata Steel, headquartered in Mumbai, India, was founded in 1907. It operates in multiple countries, with a presence in over 50 countries worldwide. The company’s main activities revolve around steel production and manufacturing. They offer a wide range of products and services, including flat steel products, long steel products, tubes, and construction solutions. Tata Steel is known for its reputable brands such as Tata Tiscon, Tata Shaktee, and Tata Steelium.
9. State Bank of India
Industry: banking
Revenue (2023: Q1; 2022: Q2, Q3, Q4): $29360 Millions
Stock symbol: SBIN.NS
The State Bank of India, headquartered in Mumbai, India, was founded in 1955. It operates in multiple countries, with a presence in over 36 countries worldwide. The bank’s main activities include providing banking and financial services to individuals, businesses, and corporate clients. It offers a wide range of products and services, including savings accounts, loans, investment options, and insurance. State Bank of India is known for its trusted brand and is one of the largest banks in India.
10. Hindalco Industries
Industry: basic materials
Revenue (2023: Q1; 2022: Q2, Q3, Q4): $28180 Millions
Stock symbol: HINDALCO.NS
Hindalco Industries is headquartered in Mumbai, India and was founded in 1958. It operates in multiple countries, with a presence in over 36 countries worldwide. The company is primarily engaged in the production of aluminum and copper, along with various downstream products. Some of its well-known brands include Novelis, Aditya Birla Insulators, and Birla Copper.
More: the Dynamics of India’s Economic System
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