Top 10 Most Profitable Companies In India

The Most Profitable Companies in India Financial Year 2021 to Financial Year 2202. (March 2021 to March 2022).

We often come across rankings of the most profitable companies in India to get investment ideas. But have you ever thought about how many of these aren’t overvalued and generate sufficient profits for returns?

In this Blog, You will have look at the most profitable companies in India by comparing the Net Profit for the financial year ending March 2022.

10 Most Profitable Companies In India

1. Reliance Industries

• Revenue: Rs 7,21,634 Crore
• Market Cap: Rs 17,73,238 Crore
• Total Assets: Rs 14,98,622 Crore
• Promoter Holding: 50.66%
• Listed Stock Exchange: BSE & NSE
• Ticker Symbol: RELIANCE

Reliance Industries Limited (RIL) is an Indian multinational conglomerate, headquartered in Mumbai. RIL’s diverse businesses include energy, petrochemicals, natural gas, retail, telecommunications, mass media, textiles, and Green energy.

Reliance is one of the most profitable companies in India, the largest publicly traded company in India by market capitalization, and the largest company in India as measured by revenue after recently surpassing the government-controlled Indian Oil Corporation. It is also the eighth largest employer in India with nearly 195,000 employees. On 6th May 2022, Reliance Industries became the first Indian company to cross $100 billion in revenue. Reliance Industries ranked many times in the listed of most profitable companies in India than another company.

Total Profit: Rs 60,705 Crore

2. ONGC

• Revenue: Rs 5,40,663.39 Crores
• Market Cap: Rs 1,68,450 Crores
• Total Assets: Rs 5,41,686.25 Crores
• Promoter Holding: 58.92%
• Listed Stock Exchange: BSE & NSE
  • Ticker Symbol: ONGC

Oil and Natural Gas Corporation (ONGC) is an Indian oil and gas explorer and producer. It is owned by the Ministry of Petroleum and Natural Gas and the Government of India. Its headquarters are located in Vasant Kunj, New Delhi. Its operations are overseen by the Ministry of Petroleum and Natural Gas. It is the largest state-owned oil and gas exploration and production company in the country, producing about 70% of India’s crude oil (which is about 57% of the country’s total demand) and about 84% of its natural gas. In November 2010, the Indian government granted ONGC Maharatna status.

In a survey conducted by the Government of India for the 2019-20 fiscal year, ONGC was ranked as the largest profit-making public sector company in India. ONGC ranked 7th in Platts’ ranking of the 250 largest global energy companies.

ONGC was established by the Government of India on August 14, 1956. ONGC is involved in the exploration and exploitation of hydrocarbons in 26 sedimentary basins of India and owns and operates over 11,000 kilometres of pipelines in the country. Its international subsidiary ONGC Videsh currently has projects in 17 countries. ONGC has discovered 7 of India’s 8 prolific basins, resulting in more than 7.15 billion tonnes of oil and gas volume of hydrocarbons in reserve in Indian basins. Despite the global decline in production from mature fields, ONGC has maintained production from its brownfields such as Mumbai High through aggressive investments in various Improved Oil Recovery (IOR) and Enhanced Oil Recovery (EOR) programmes.

ONGC has many mature fields with a current recovery factor of 25-33%. The reserve replacement ratio was more than one between 2005 and 2013. In FY 2012-13, ONGC had to share the highest ever shortfall of Rs 89765.78 billion (an increase of Rs 17889.89 million from the previous fiscal year) with the shortfalls of the oil marketing companies (IOC, BPCL, and HPCL). On November 1, 2017, the Union Cabinet approved ONGC’s acquisition of a majority 51.11% stake in Hindustan Petroleum Corporation Limited (HPCL). On January 30, 2018, Oil & Natural Gas Corporation acquired the entire 51.11% stake in HPCL.

Total Profit: Rs 45,522.11 Crore

3. Tata Steel

• Revenue: Rs 2,43,761 Crores
• Market Cap: Rs 1,31,620 Crores
• Total Assets: Rs 1,37,806 Crores
• Promoter Holding: 33.92%
• Listed Stock Exchange: BSE & NSE
  • Ticker Symbol: TATASTEEL

Tata Steel Limited is an Indian multinational steel company based in Jamshedpur, Jharkhand, with its head office in Mumbai, Maharashtra. It is part of the Tata Group.

Formerly known as Tata Iron and Steel Company Limited (TISCO), Tata Steel is one of the world’s leading steel producers with an annual crude steel capacity of 34 million tonnes. The company is one of the most geographically diversified steel producers in the world, with operations and trading presence across the globe.

The Group (excluding SEA ) reported consolidated revenue of $19.7 billion in the financial year ending 31 March 2020. It is the second-largest steel company in India (in terms of domestic production) with an annual capacity of 13 million tonnes after the Steel Authority of India Ltd. (SAIL). TATA Steel, along with SAIL and Jindal Steel and Power, is the only one of the 3 Indian steel companies that have iron ore mines, which gives the three companies price advantages.

The key management personnel (KMP) at Tata Steel Limited India are Koushik Chatterjee as CFO(KMP) and Parvatheesam Kanchinadham as COMPANY SECRETARY. Koushik Chatterjee, Mallika Srinivasan, Chandrasekaran Natarajan, and 7 other members are currently involved as directors.

Tata Steel operates in 26 countries, with major operations in India, the Netherlands, and the UK. The company employs around 80,500 people. Its largest plant (10 MTPA capacity) is located in Jamshedpur, Jharkhand. In 2007, Tata Steel acquired Corus, a British steel manufacturer. In the 2014 Fortune Global 500 ranking of the world’s largest companies, the company was ranked 486th. According to Brand Finance, Tata Steel was the seventh most valuable Indian brand in 2013.

Total Profit: Rs 40,154 Crore

4. Tata Consultancy Service ( TCS )

• Revenue: Rs 1,91,754 Crores
• Market Cap: Rs 11,81,636 Crores
• Total Assets: Rs 1,37,806 Crores
• Promoter Holding: 72.30%
• Listed Stock Exchange: BSE & NSE
• Ticker Symbol: TCS

Tata Consultancy Services (TCS) is an Indian multinational information technology (IT) services and consulting company, headquartered in Mumbai, Maharashtra, and the largest campus and workforce in Chennai, Tamil Nadu. As of May 2021, TCS is the largest company in the IT sector in the world with a market capitalization of $169.2 billion. It is a subsidiary of the Tata Group and operates in 149 locations across 46 countries.

TCS is the second-largest Indian company by market capitalization and is among the most valuable IT service brands globally. In 2015, TCS ranked 64th in Forbes World’s Most Innovative Companies ranking, making it both the highest-ranked IT services company and the best Indian company. In 2018, the company is ranked eleventh on the Fortune India 500 list.

In April 2018, TCS became the first Indian IT company to reach a market capitalization of $100 billion and the second Indian company ever (after Reliance Industries in 2007) after its market capitalisation on the Bombay Stock Exchange was Rs6.793 trillion (equivalent to Rs 7.7 trillion or Rs100 billion by 2020). TCS is also frequently ranked in most profitable companies in India every year.

Total Profit: Rs 38,327 Crore

5. HDFC Bank

• Revenue: Rs 1,67,695 Crore
• Market Cap: Rs 8,42,175 Crores
• Total Assets: Rs 21,22,934 Crores
• Promoter Holding: 25.78%
• Listed Stock Exchange: BSE & NSE
• Ticker Symbol: HDFCBANK

HDFC Bank Limited is an Indian banking and financial services company, headquartered in Mumbai, Maharashtra. HDFC Bank is India’s largest private sector bank by assets and by market capitalization as of April 2021. It is the third-largest company by market capitalization on the Indian stock exchanges. It is also the thirteenth largest employer in India with nearly 120,000 employees.

Total Profit: Rs 38,053 Crore

6. State Bank Of India ( SBI )

• Revenue: Rs 4,06,973 Crore
• Market Cap: Rs 4,97,993 Crores
• Total Assets: Rs 51,77,546 Crores
• Promoter Holding: 57.63%
• Listed Stock Exchange: BSE & NSE
• Ticker Symbol: SBIN

State Bank of India (SBI) is an Indian multinational public sector bank and financial services company headquartered in Mumbai, Maharashtra. SBI is the 43rd largest bank in the world and is ranked 221st on the 2020 Fortune Global 500 list of the world’s largest companies, being the only Indian bank on the list. It is a public sector bank and the largest bank in India with a 23% market share by assets and a 25% share of the total loans and deposits market. It is also the fifth-largest employer in India with nearly 250,000 employees.

The bank is descended from the Bank of Calcutta, which was founded in 1806 through the Imperial Bank of India, making it the oldest commercial bank in the Indian subcontinent. The Bank of Madras merged with the other two presidency banks in British India, the Bank of Calcutta and the Bank of Bombay, to form the Imperial Bank of India, which in turn became the State Bank of India in 1955. The Indian government took control of the Imperial Bank of India in 1955, with the Reserve Bank of India (India’s central bank) taking a 60% stake and renaming the bank the State Bank of India.

Total Profit: Rs 34,546 Crore

7. ICICI Bank

• Revenue: Rs 1,61,037 Crore
• Market Cap: Rs 6,33,807 Crore
• Total Assets: Rs 17,52,647 Crore
• Promoter Holding: 0%
• Listed Stock Exchange: BSE & NSE
• Ticker Symbol: ICICI

ICICI Bank Limited is an Indian multinational bank and financial services company headquartered in Mumbai, Maharashtra. It offers a wide range of banking products and financial services to corporate and retail customers through a variety of distribution channels and specialized subsidiaries in investment banking, life and non-life insurance, venture capital, and wealth management. The Bank has a network of 5,275 branches and 15,589 ATMs across India and has a presence in 17 countries.

The bank has subsidiaries in the United Kingdom and Canada, branches in the United States, Singapore, Bahrain, Hong Kong, Qatar, Oman, Dubai International Finance Centre, China, and South Africa, and representative offices in the United Arab Emirates, Bangladesh, Malaysia, and Indonesia. The company’s UK subsidiary has also established offices in Belgium and Germany.

Total Profit: Rs 25,110 Crore

8. Indian Oil Corporation Ltd.

• Revenue: Rs 5,93,653 Crores
• Market Cap: Rs 1,02,026 Crores
• Total Assets: Rs 3,83,988 Crores
• Promoter Holding: 51.50%
• Listed Stock Exchange: BSE & NSE
• Ticker Symbol: IOC

Indian Oil Corporation Limited is an Indian state-owned enterprise. It is under the Ministry of Petroleum and Natural Gas, Government of India, and is headquartered in New Delhi. The state-owned company is ranked 212th in the Fortune Global 500 list of the world’s largest companies in 2021. With a net profit of $6.1 billion for the financial year 2020-21, it is the largest state-owned oil company in the country. As of March 31, 2021, Indian Oil had 31,648 employees, including 17,762 executives and 13,876 non-executives. It also employs a total of 2,775 women, accounting for 8.77% of the total workforce.

Indian Oil’s business interests span the entire hydrocarbon value chain, including refining, pipeline transportation, petroleum products marketing, exploration, and production of crude oil, natural gas, and petrochemicals. Indian Oil has ventured into alternative energy and downstream globalization. The company has subsidiaries in Sri Lanka (Lanka IOC), Mauritius (IndianOil (Mauritius) Ltd), and the Middle East (IOC Middle East FZE).

Record sales of 410,000 barrels of oil per day by January 26, 2021. Delek, Qatar Petroleum, and Saudi Aramco are the company’s largest business partners. Abu Dhabi National Oil Company and National Iranian Oil Company have signed contracts to achieve high production performance by the end of 2020.

Total Profit: Rs 25,102 Crore

9. HDFC

• Revenue: Rs 1,35,968 Crore
• Market Cap: Rs 4,45,264 Crore
• Total Assets: Rs 9,64,783 Crore
• Promoter Holding: 0%
• Listed Stock Exchange: BSE & NSE
• Ticker Symbol: HDFC

Housing Development Finance Corporation Limited (HDFC) is an Indian financial services company based in Mumbai, India. It is a major housing finance provider in India. It also has a presence in banking, life and general insurance, asset management, venture capital, realty, education, deposits, and education loans.

Total Profit: Rs 22,594 Crore

10. Infosys

• Revenue: Rs 1,23,936 Crore
• Market Cap: Rs 6,48,039 Crore
• Total Assets: Rs 1,16,673 Crore
• Promoter Holding: 13.12%
• Listed Stock Exchange: BSE & NSE
• Ticker Symbol: INFY

Infosys Limited is an Indian multinational information technology company that provides business consulting, information technology, and outsourcing services. The company was founded in Pune and is headquartered in Bangalore. Infosys is the second-largest Indian IT company after Tata Consultancy Services by 2020 revenue figures.

On 24 August 2021, Infosys became the fourth Indian company to cross $100 billion in market capitalization

Total Profit: Rs 22,110 Crores

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Note:  Market Cap is dated on the particular date.

Updated On 14th Sep.

Also, read our new article to know what are the Top 10 IT Companies in India.

Note: all the profit data shown above is consolidated one, which is the most preferred data by a Fundamental Analyst.

Conclusion

As per the official data, Reliance Industries is the Most Profitable Company in India in the list of Most Profitable Companies in India as Per FY22 ( 2021-2022) Followed by Tata Steel, TCS, HDFC Bank, State Bank of India, Indian Oil Corp, ICICI Bank, HDFC, Infosys, Vedanta.

FAQs

Which is the Most Profitable Company in India 2022?

Reliance Industries is the most profitable company in India with an annual profit of Rs 60,705 Crore in FY22.

Reliance Industries Ranked as India’s Largest Corporate by Revenue, Profit, and Market Capitalization in 2022.