With a market cap of Rs 15.6 trillion, Reliance Industries (RIL) topped the chart of the most valuable Indian companies in 2023, for the third year in a row, closely followed by Tata Consultancy Services (TCS).
IT firm TCS came in second with a market cap of Rs12.4 trillion, while HDFC Bank was third in the pecking order with a market cap of Rs11.3 trillion. The combined value of the top 10 companies remained unchanged from the year-ago period at `73.3 trillion, which is equal to 28% of India’s GDP, according to a report by Burgundy Private, Axis Bank’s private banking business, and Hurun India.
