Listing of top companies in India included in Forbes 2000. This data is sourced from Data World. https://data.world/aroissues/forbes-global-2000-2008-2019/discuss/forbes-global-2000-2008-2019/jxemyced
This dataset highlights the dominance of government-owned enterprises in several key sectors of the Indian economy. For instance, State Bank of India (SBI), the largest banking institution in the country, boasts total assets of $696,509 million and plays a critical role in India’s financial sector. Similarly, Indian Oil and Oil & Natural Gas Corporation (ONGC), both public sector undertakings, are giants in the oil and gas industry, collectively generating sales exceeding $138 billion. Government enterprises also hold substantial sway in utilities, with companies like NTPC and Power Grid of India featuring prominently in the list. This underscores the continued importance of state-run organizations in powering India’s infrastructure and energy needs.
Another fascinating aspect of this data is the impressive rise of companies controlled by the Adani Group, one of India’s largest conglomerates. Adani Enterprises, Adani Ports & Special Economic Zone, Adani Transmission, Adani Green Energy, and Adani Total Gas collectively cover sectors like trading, transportation, utilities, and energy. Adani’s presence spans multiple industries, with Adani Green Energy boasting a market value of $59,063 million despite its relatively modest sales of $419 million, highlighting the immense investor confidence in renewable energy. The Adani Group’s aggressive expansion into green energy and infrastructure has made it a formidable player in shaping India’s economic future.
Interestingly, the dataset also shows the contrast between traditional industries and the rapid growth of technology companies. Tata Consultancy Services (TCS) and Infosys, two of India’s largest IT services providers, have not only delivered substantial profits—$5,144 million and $2,968 million, respectively—but also exhibit strong market values, particularly TCS, which stands at $172,788 million. These companies, alongside HCL Technologies and Wipro, highlight the tech sector’s growing contribution to India’s global economic footprint, showing how digital transformation is becoming a significant pillar of India’s economy, alongside traditional sectors like oil, gas, and banking.
The Tata Group, a global powerhouse, spans industries from IT (TCS) to steel (Tata Steel) and automotive (Tata Motors), blending innovation with tradition while driving India’s industrial growth and expanding its international influence. Approximately 33% of the companies listed are government-owned, leading sectors such as banking, oil, gas, utilities, and energy infrastructure. Private enterprises dominate the rest.
Also look through our blog on top auditors in India.