Have you ever been curious about how a company’s revenue is determined? Perhaps you’ve wondered about the key sectors in these top-tier businesses and top Indian companies like Tata or Reliance are involved.
What makes these come on the top? It’s the company revenue that determines the ranking of companies. Company revenue is a figure which is more than just numbers.
It’s like a crucial measure of how strong a company’s finances are and how well it’s doing in the stock market.
India, one of the world’s fastest-growing major economies, has experienced impressive growth. The country’s GDP has shown a remarkable increase of 9.05% in 2021 and 7.00% in 2022. Key sectors like oil and gas, banking, information technology, metals and mining, and automobiles have risen to prominence and are recognised for their highest revenue generation and profitability. The top Indian companies in these sectors have a global presence and a persistent competitive edge. These leading top Indian companies with the highest revenue significantly impact the economy. They play a major role in generating job opportunities and driving innovation.
What is Company Revenue?
When we talk about company revenue, we’re referring to the total money a business/company earns from its daily activities and sales in a set period. This number tells us how much cash flows into the company. It reveals the company’s overall financial well-being and performance.
In simple terms, by the company’s revenue, we mean all the money it earns daily from its main business activities, like selling products, providing services, and any other income sources it may have. This figure shows how effective a company is at attracting/retaining customers, delivering value services, and gaining a competitive edge in the market. Comparing quarterly and yearly company revenue statements helps identify the top companies in India.
Now, as we discuss the top 10 Indian Companies with the highest revenue, that means we depict and align them in the hierarchy in terms of one figure- the first number you see before expenses and taxes are subtracted i.e. company revenue.
Understanding Company Revenue with an Example
Consider “ABC Motors,” a fictional Indian automobile manufacturer, to understand the concept of company revenue realistically.
Let us say during the fiscal year 2022, ABC Motors sold 5,000 cars at an average price of INR 800,000 each, 2,000 motorcycles at an average price of INR 150,000 each, and 1,000 electric scooters at an average price of INR 50,000 each.
To calculate the company’s revenue, we add up the total sales from each product category:
- 5,000 cars at INR 800,000 each amount to INR 40,00,00,00,000.
- 2,000 motorcycles at INR 150,000 each amount to INR 30,00,00,000.
- 1,000 electric scooters at INR 50,000 each amount to INR 5,00,00,000.
The total revenue for ABC Motors in the fiscal year 2022 would be the sum of these figures, totalling INR 40,35,00,00,000.
This revenue showcases the income generated by ABC Motors from selling its vehicles during that specific year, highlighting the crucial concept of company revenue and its significance in evaluating a company’s financial performance.
List of Top 10 Indian Companies by Highest Revenue
- Reliance Industries – $86.85 billion
- TATA Group – $150 billion
- State Bank of India – $54.52 billion
- HDFC Bank – $22.51 billion
- ICICI Bank – $17.47 billion
- Oil and Natural Gas Corporation (ONGC) – $16.36 billion
- Housing Development Finance Corporation (HDFC) – $15.98 billion
- Life Insurance Corporation of India (LIC) – $15.57 billion
- Tata Consultancy Services (TCS) – $15.45 billion
- Axis Bank – $13.98 billion
Overview of 10 Indian Companies by Highest Revenue
Reliance Industries
Reliance Industries, ranking No. 1 in the list of 10 top Indian companies with the highest revenue, is involved in a wide range of businesses, including petrochemicals, oil and gas exploration, retail, and telecommunications. It’s the biggest company in India based on market value and has a global presence.
The company was founded by the well-known Mr. Dhirubhai Ambani in 1966 and is now led by his son, Mukesh Ambani. Recently, Reliance Industries has been expanding into digital services and e-commerce.
In 2022, it reported a revenue of $86.85 billion, with a market value of ₹18 lakh crore.
TATA Group
TATA Group, No. 2 on the list of top Indian Companies, is a diverse conglomerate involved in steel, automobiles, information technology, and hospitality. It’s one of India’s oldest and largest business groups, with a history from 1868. TATA Group is known for its ethical business practices and has a strong presence both in India and internationally.
State Bank of India
State Bank of India, topping the list of Top 10 Indian Companies at No. No. 3 is the largest bank in India, with the most assets, deposits, branches, and employees. This public sector bank is headquartered in Mumbai and offers a wide variety of banking and financial services, including personal, corporate, and international banking.
In 2022, the State Bank of India reported a revenue of $54.52 billion and a market capitalisation of ₹9.16 lakh crore.
HDFC Bank
On No. 4, HDFC Bank is one of India’s leading private sector banks, with a strong presence in retail banking, wholesale banking, and treasury operations. Known for its customer-centric approach, HDFC Bank has won numerous awards for its services. In 2022, it reported a revenue of $22.51 billion and a market capitalisation of ₹11.12 lakh crore. The bank has been emphasising digital banking and financial inclusion.
ICICI Bank
Ranking at No. 5 on the list of top 10 Indian Companies with the highest revenue is ICICI Bank. It is another private sector bank in India with a widespread presence in retail banking, corporate banking, and international banking. It’s known for its innovative products and services, earning several awards.
In 2022, ICICI Bank reported a revenue of $17.47 billion and a market capitalisation of ₹4.83 lakh crore. The bank has also been expanding through digital banking and financial inclusion.
Oil and Natural Gas Corporation (ONGC)
As per Forbes List 2000, ONGC ranks at No. 6 on the list of top 10 Indian Companies with the highest revenue. ONGC is a public sector company in India focused on oil and gas exploration and production. It’s one of India’s largest companies in the oil and gas sector and operates globally. In 2022, ONGC reported a revenue of $16.36 billion.
Housing Development Finance Corporation (HDFC)
Ranking at No. 7 is HDFC, a prominent housing finance provider in India, offering a variety of products and services related to housing finance, such as home loans and insurance. In 2022, HDFC reported a revenue of $15.98 billion and a market capitalisation of ₹3.68 lakh crore. The company has been focusing on affordable housing and digital services.
Life Insurance Corporation of India (LIC)
On the No. 8 is LIC, a public sector company in India specialising in life insurance and investment management. It’s India’s largest life insurance company and has a global presence.
In 2022, LIC reported its company revenue of $15.57 billion.
Tata Consultancy Services (TCS)
Ranking No. 9, TCS is India’s leading information technology company with a strong global presence. It provides various IT services, including consulting, software development, and business process outsourcing.
In 2022, TCS reported a revenue of $15.45 billion and a market capitalisation of ₹11.73 lakh crore. The company has been expanding into digital services and innovation.
Axis Bank
Settling at No. 10 on the list of companies with the highest revenue in India is the Axis Bank, a private sector bank in India known for its innovative products and services. It operates in retail banking, corporate banking, and international banking.
In 2022, Axis Bank reported a revenue of $13.98 billion.
Summary: Top 10 Companies in India by Highest Revenue
| Company Name | Revenue (USD Billion) | Industry | Market Cap (INR Lakh Crore) | Market Value (USD Billion) | Sales (USD Billion) | Profit (USD Billion) | Assets (USD Billion) |
| Reliance Industries | $86.85 | Conglomerate | ₹14.27 | $189.00 | $109.00 | $8.30 | $209.00 |
| TATA Group | $150.00 | Conglomerate | Not available | Not available | Not available | Not available | Not available |
| State Bank of India | $54.52 | Banking | ₹9.16 | $62.90 | $56.50 | $5.99 | $695.00 |
| HDFC Bank | $22.51 | Banking | ₹11.12 | $110.88 | $25.47 | $5.72 | $307.90 |
| ICICI Bank | $17.47 | Banking | ₹4.83 | $79.15 | $23.17 | $4.24 | $238.31 |
| Oil and Natural Gas Corporation (ONGC) | $16.36 | Oil and gas | Not available | Not available | Not available | Not available | Not available |
| Housing Development Finance Corporation (HDFC) | $15.98 | Finance | ₹3.68 | Not available | Not available | Not available | Not available |
| Life Insurance Corporation of India (LIC) | $15.57 | Insurance | Not available | Not available | Not available | Not available | Not available |
| Tata Consultancy Services (TCS) | $15.45 | Information technology | ₹11.73 | Not available | Not available | Not available | Not available |
| Axis Bank | $13.98 | Banking | Not available | Not available | Not available | Not available | Not available |
Conclusion
India’s top 10 companies with the highest revenue drive the nation’s economic growth. As India’s GDP continues to rise, these top 10 companies are set to play a vital role in shaping the country’s economic future, making them essential figures in the Indian business environment.
FAQs| Top Indian Companies By Highest Revenue
Calculating company revenue is an easy task. For example, if a company sells 100 shirts at ₹1,000 each, its revenue for that specific period would amount to ₹1,00,000. However, it’s important to note that the method of revenue calculation can vary across different types of Indian Companies.
The top 10 Indian companies in operate across various sectors, including oil exploration and production, information technology, banking, consumer goods, financial services, and telecommunications.
All of the top 10 Indian companies are publicly traded and listed on different stock exchanges in India. None of them are privately owned by individuals or families.
The Fortune Global 500 list for 2023 featured eight prominent Indian companies, including Reliance Industries, Indian Oil Corporation, Life Insurance Corporation of India, Oil and Natural Gas Corporation, Bharat Petroleum Corporation Ltd, State Bank of India, Tata Motors, and Rajesh Exports.
Revenue represents the total income generated from selling goods or services. Income, on the other hand, is the money left after deducting all expenses and taxes from the revenue. For instance, if a company has revenue of ₹1,00,000 and expenses of ₹80,000, its income would be ₹20,000.
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