Rank Forbes 2000 rank Name Headquarters Revenue (billions US$) Profit (billions US$) Assets (billions US$) Value (billions US$) Industry 1 58 Reliance Industries Limited Mumbai 79.7 5.6 124.6 126.4 Conglomerate 2 146 HDFC Mumbai 10.7 2.5 86.3 49.7 Financials 3 220 Oil and Natural Gas Corporation New Delhi 49.9 3.4 70.6 29.6 Oil and gas 4 288 Indian Oil Corporation New Delhi 64.3 3.4 45.4 21.9 Oil and gas 6 374 Tata Consultancy Services Mumbai 20.9 4.5 16.6 116.1 Infotech 7 400 ICICI Bank Mumbai 18.7 0.6 168.7 37.6 Banking 8 438 Larsen & Toubro Mumbai 20.0 1.3 36.1 27.5 Capital goods 9 460 State Bank of India Mumbai 47.5 −0.9 536.7 40.0 Banking 10 492 NTPC Limited New Delhi 13.2 1.6 44.6 19.3 Utilities 11 552 Tata Steel Kolkata 23.2 2.6 34.3 9.0 Iron and steel 12 583 Coal India Kolkata 14.4 1.9 18.3 22.5 Metals and mining 13 611 Kotak Mahindra Bank Mumbai 6.3 1.0 50.1 37.9 Banking 14 628 Bharat Petroleum Mumbai 36.5 1.4 18.8 11.3 Oil and gas 15 643 Infosys Bangalore 11.6 2.2 11.9 45.1 Infotech 16 741 Axis Bank Mumbai 9.1 0.1 107.9 28.6 Banking 17 769 Tata Motors Mumbai 44.9 −4.1 46.4 11.6 Automotive 18 806 ITC Limited Kolkata 6.7 1.7 9.9 53.8 Consumer Goods 19 852 Bharti Airtel New Delhi 11.8 0.1 38.6 20.0 Telecommunication 20 857 Wipro Bangalore 8.4 1.2 11.6 24.8 Infotech 21 863 JSW Steel Ltd Mumbai 12.2 1.3 14.3 10.4 Iron and steel 22 865 Power Grid Corporation of India Gurgaon 4.6 1.3 36.0 14.7 Utilities 23 875 Hindalco Industries Mumbai 17.8 0.9 23.7 6.7 Metals and mining 24 879 HCL Technologies Noida 8.4 1.4 8.0 21.5 Infotech 25 973 Mahindra & Mahindra Mumbai 15.2 0.8 − 12.3 Automotive 26 1042 IndusInd Bank Mumbai 3.4 0.6 34.0 15.3 Banking 27 1107 Bajaj Finserv Pune 5.5 0.4 24.9 17.4 Financials 28 1186 GAIL New Delhi 8.5 0.7 9.6 11.4 Oil and gas 29 1199 Punjab National Bank New Delhi 8.9 −1.9 119.4 4.9 Banking 30 1217 Grasim Industries Mumbai 10.2 0.2 32.4 8.2 Diversified 31 1226 Bank of Baroda Vadodara 8.4 −0.3 112.8 6.2 Banking 32 1247 Power Finance Corporation New Delhi 4.2 0.9 44.2 4.5 Financials 33 1289 Canara Bank Bangalore 7.6 −0.6 96.8 3.0 Banking 34 1334 Bank of India Mumbai 6.8 −0.9 94.3 3.8 Banking 35 1445 Union Bank of India Mumbai 6.0 −0.8 75.7 1.5 Banking 36 1503 Bajaj Auto Pune 4.3 0.7 3.7 12.8 Automotive 37 1543 Tech Mahindra Pune 5.0 0.6 4.7 11.3 Infotech 38 1551 General Insurance Corporation of India Mumbai 6.8 0.5 17.8 6.6 Insurance 39 1606 Sun Pharmaceutical Mumbai 4.2 0.5 9.8 16.0 Pharmaceuticals 40 1615 Rajesh Exports Bangalore 27.1 0.2 3.9 2.8 Gems and jewellery 41 1687 Steel Authority of India New Delhi 8.9 −0.0 19.1 3.4 Iron and steel 42 1706 Adani Ports & SEZ Limited Ahmedabad 1.6 0.5 7.0 11.6 Shipping 43 1732 IDBI Bank Mumbai 4.6 −1.3 53.9 4.8 Banking 44 1768 Central Bank of India Mumbai 4.2 −0.8 50.3 1.6 Banking 45 1778 Indiabulls Housing Finance New Delhi 2.5 0.6 18.4 4.9 Financials 46 1790 Vodafone Idea Limited Mumbai 4.6 −1.6 32.8 7.1 Telecommunication 47 1812 Yes Bank Mumbai 4.0 0.7 − 8.5 Banking 48 1832 Asian Paints Mumbai 2.7 0.3 2.1 20.3 Chemicals 49 1886 Indian Bank Chennai 3.0 0.2 38.8 1.8 Banking 50 1942 Hero MotoCorp New Delhi 4.9 0.6 2.9 7.9 Automotive 51 1957 Indian Overseas Bank Chennai 3.2 −0.8 33.9 1.4 Banking