Rank Name Industry Revenue (in ₹ Crore) Revenue growth Profits (in ₹ Crore) Headquarters State Controlled 1 Indian Oil Corporation Oil and gas 424,321 13.2% 22,189 New Delhi Y 2 Reliance Industries Limited Oil and gas 410,295 28.2% 36,075 Mumbai 3 Oil and Natural Gas Corporation Oil and gas 333,143 11.0% 22,106 New Delhi Y 4 State Bank of India Banking 306,528 2.6% −4,556 Mumbai Y 5 Tata Motors Automotive 301,175 7.9% 8,989 Mumbai 6 Bharat Petroleum Oil and gas 238,638 13.7% 9,009 Mumbai Y 7 Hindustan Petroleum Oil and gas 221,693 13.4% 7,218 Mumbai Y 8 Rajesh Exports Gems and jewellery 187,748 22.5% 1,266 Bangalore 9 Tata Steel Iron and steel 147,192 25.3% 13,434 Kolkata 10 Coal India Metals and mining 132,897 5.3% 7,020 Kolkata Y 11 Tata Consultancy Services Infotech 126,745 3.6% 25,826 Mumbai 12 Larsen & Toubro Capital goods 122,743 10.6% 7,370 Mumbai 13 Hindalco Industries Metals and mining 120,428 15.5% 6,083 Mumbai 14 ICICI Bank Banking 118,969 4.9% 7,712 Mumbai 15 Vedanta Resources Metals and mining 102,192 30.8% 10,342 London, UK 16 HDFC Bank Banking 101,344 17.6% 18,510 Mumbai 17 Mahindra & Mahindra Automotive 96,377 12.2% 7,510 Mumbai 18 NTPC Limited Utilities 90,144 7.7% 10,544 New Delhi Y 19 Bharti Airtel Telecommunication 86,704 13.0% 1,099 New Delhi 20 Maruti Suzuki India Automotive 81,978 15.6% 7,880 New Delhi 21 Infosys Infotech 73,762 3.1% 16,029 Bangalore 22 Nayara Energy Oil and gas 73,015 10.7% 576 Mumbai 23 HDFC Financials 72,596 18.9% 16,255 Mumbai 24 JSW Steel Ltd Iron and steel 70,148 22.6% 6,214 Mumbai 25 Axis Bank Banking 58,477 1.5% 456 Mumbai Y 26 Steel Authority of India Iron and steel 57,626 28.8% −281 New Delhi Y 27 Punjab National Bank Banking 57,608 0.7% −12,130 New Delhi Y 28 Grasim Industries Diversified 57,273 54.9% 2,679 Mumbai 29 Wipro Infotech 56,986 1.6% 8,003 Bangalore 30 Motherson Sumi Systems Automotive 56,839 32.7% 1,597 Noida 31 GAIL Oil and gas 55,503 11.6% 4,799 New Delhi Y 32 Bank of Baroda Banking 54,048 3.1% −1,887 Vadodara Y 33 HCL Technologies Infotech 51,695 6.3% 8,721 Noida 34 MRPL Oil and gas 50,209 8.9% 1,993 Mangalore Y 35 Canara Bank Banking 48,743 1.2% −3,951 Bangalore Y 36 ITC Limited Consumer goods 44,674 1.6% 11,271 Kolkata 37 Bank of India Banking 44,158 4.8% −5,961 Mumbai Y 38 General Insurance Corporation of India Insurance 43,555 38.9% 3,146 Mumbai Y 39 Kotak Mahindra Bank Banking 38,813 14.2% 6,201 Mumbai 40 Union Bank of India Banking 38,413 0.4% −5,212 Mumbai Y 41 Hindustan Unilever Consumer goods 36,088 7.1% 5,214 Mumbai 42 Vodafone India Telecommunication 34,855 18.9% 7,766 Mumbai 43 Tata Power Utilities 33,213 12.8% 2,477 Mumbai 44 Chennai Petroleum Corporation Oil and gas 33,187 20.0% 927 Chennai Y 45 Hero MotoCorp Automotive 33,141 12.9% 3,720 New Delhi 46 Tech Mahindra Infotech 32,190 7.6% 3,800 Pune 47 UltraTech Cement Cement 32,106 23.7% 2,222 Mumbai 48 Petronet LNG Oil and gas 30,949 23.9% 2,110 New Delhi Y 49 Power Grid Corporation of India Utilities 30,908 16.1% 8,198 Gurgaon Y 50 Bajaj Finserv Financials 30,599 24.9% 2,741 Pune