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Five Most Profitable Business Firms in India

Abdul Kadir Khan by Abdul Kadir Khan
October 11, 2021
in Insight
Reading Time: 2 mins read
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India’s economy plays a key role at a global level. It will create a major impact in the coming days. Profitable companies not only boost the country’s economy, but their shareholders also make good money. Market cap, past profit, and relevance of the firm are the major criteria financial experts consider to buy or not to buy shares.

In this article, we present you with the list of the top 5 most profitable companies in India.

#1. Tata Consultancy Services (TCS)

Tata Consultancy Services (TCS) has created a history by becoming the World’s largest IT company. Currently, it has a market cap of over $169.2 billion. In terms of net profit also, it is one of the top profitable companies in India. In the financial year 2020, the firm recorded a net profit of around Rs. 33,260 crores.

TCS receives maximum revenues from its software development and maintenance operations. IT consultation is another major area where it operates.

Geographically, most of its revenue comes from US customers. As per the FY20 report, it earned around $10.8 billion in revenue from the US.

#2. Reliance Industries Limited(RIL)

Mukesh Ambani led Reliance Industries is one of the largest companies in India. In FY20, Reliance Industries Limited (RIL) saw a decline in its profit to Rs 30,903 crore. That dropped its ranking to the second position among most profitable Indian firms.

RIL has a strong presence in most of the business sectors including energy, petrochemicals, textiles, natural resources, retail, and telecommunications. Currently, RIL is the largest public trading firm in India in terms of market cap.

#3. HDFC Ltd.

Housing Development Finance Corporation Limited (HDFC Ltd.) Ranks third among the most profitable Indian firm in terms of net profit earned during FY2020. The firm recorded a profit of Rs 17,769.65 crore in the fiscal year 2019-20.

Various finance sector firms operate under the umbrella of HDFC. Housing finance and other financial services are the key areas of HDFC operations.

HDFC Bank Limited, HDFC Standard Life Insurance Company Ltd., HDFC ERGO General Insurance Company Ltd., HDFC Asset Management Company Ltd., GRUH Finance, HDFC Venture Capital Ltd., HDFC RED, and Credila Financial Services Private Ltd are the major subsidiaries of HDFC Ltd.

#4. Infosys

With a net profit of Rs 15,543 crores for the financial year 2020, Infosys ranks fourth among the most profitable Indian firm. Not only that, but Infosys is also the second biggest Indian IT firm after Tata Consultancy Services (TCS).

#5. ITC Ltd.

ITC is the second Tata Group firm that is listed among the top 5 most profitable Indian firms. With a net an Indian conglomerate and the second company on the list which is part of the Tata Group. The company successfully earned revenues of Rs. 15,136.05 crores.

Today the company has its presence across industries like Cigarettes, FMCG, Hotels, Packaging, Paperboards & Specialty Papers, and Agribusiness. The company however still earns most of its revenue from the Cigarette Industry.

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Abdul Kadir Khan

Abdul Kadir Khan

Abdul Kadir Khan is a Content Writer at Next Big Brand. Hails from UP. Postgraduate in Computer Science. Content Maniac and Trainer. Love to write about startups, Brands, and Trending Tech.

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