Metaverse technology is playing a key role in the digital revolution in India. It is simply a virtual reality space that lets users interact with others in a computer generated environment. According to a report of June 24, 2025, the Indian metaverse market is currently valued at $3.1 billion and is expected to reach $338 billion by 2029.
Technologies like AR/VR, 5G and blockchain are accelerating its growth. In this blog, you will learn about the concept of metaverse, metaverse companies in India, and how to invest in this potential growth opportunity.
What is a Metaverse Company?
A metaverse company is one that creates virtual worlds using technologies such as AR/VR, blockchain, digital twins, and 3D platforms. These companies create immersive spaces for educational simulations, virtual meetings, and e-commerce experiences, etc.
Key Technologies
Some of the key technologies associated with Metaverse are listed below:
- AR/VR (Augmented & Virtual Reality): Users are able to experience a blend of the real and digital worlds.
- Blockchain: It enables digital assets (NFTs), secure transactions, and ownership.
- Digital Twin: These are virtual copies of real-world objects/systems that are linked to real-time data. For example, models of factory machines.
Top 10 Metaverse Stocks in India – Market Information
| Company | Current Market Price (in ₹) | Market Capitalisation (in ₹ crores) | 52-Week High (in ₹) | 52-Week Low (in ₹) |
|---|---|---|---|---|
| Reliance Industries Ltd. | 1,496 | 20,24,593 | 1,606 | 1,115 |
| Tata Consultancy Services (TCS) | 3,307 | 11,96,502 | 4,592 | 3,056 |
| Bharti Airtel | 1,935 | 11,60,629 | 2,046 | 1,421 |
| Infosys | 1,593 | 6,61,900 | 2,007 | 1,307 |
| HCL Technologies | 1,640 | 4,44,933 | 2,012 | 1,303 |
| Wipro | 259 | 2,71,864 | 325 | 225 |
| Tech Mahindra | 1,593 | 1,55,968 | 1,808 | 1,209 |
| LTIMindtree | 5,213 | 1,54,481 | 6,768 | 3,802 |
| Tata Elxsi | 5,981 | 37,251 | 9,083 | 4,601 |
| Nazara Technologies Ltd | 1,343 | 11,769 | 1,400 | 824 |
Read Also: Best Gaming Stocks in India
Overview of the Top 10 Metaverse Companies in India
A brief overview of the Best Metaverse Stocks in India is given below:
1. Reliance Industries Limited
Reliance Industries was started in 1966 and today it is among the largest private companies in the country. Its business operations range from petrochemicals to digital services. The company has entered the field of metaverse through Jio Platforms, which is creating virtual experiences by combining AR/VR and 5G technology. In October 2022, Reliance became the first company to host its earnings call in Metaverse. Due to its investment in technology and international partnerships with global tech companies, Reliance has become India’s leader in the metaverse ecosystem.
Know the Returns:
| 1Y Return | 3Y Return | 5Y Return |
|---|---|---|
| -5.79% | 25.87% | 57.31% |
Read Also: Reliance Industries Case Study
2. Tata Consultancy Services (TCS)
TCS was started in 1968 and is one of the largest and most prestigious IT service companies of the Tata Group. The company provides services such as digital transformation, cloud, and AI across the world. TCS’ focus in the metaverse field is on developing enterprise level solutions. Its ‘Avapresence’ platform is designed for virtual conferencing, training, and client interactions. TCS is using XR, IoT, and blockchain technology to provide its clients with a secure, scalable, and user-friendly metaverse experience. Its deep understanding of technology and trusted brand value make it one of the leading metaverse companies in India.
Know the Returns:
| 1Y Return | 3Y Return | 5Y Return |
|---|---|---|
| -15.97% | 3.01% | 48.82% |
Read Also: TCS Case Study
3. Bharti Airtel
Bharti Airtel, which has been active in India’s telecom world since 1995, is now emerging as a key part of the metaverse infrastructure. Its 5G services, data center network, and cloud services are powering metaverse applications. The company’s Xtream platform focuses on offering a variety of entertainment content and its Nxtra Data provides secure and sustainable data center infrastructure in India. Currently, Airtel does not directly build metaverse platforms, but its network and data center business has the potential to become the backbone of this digital future.
Know the Returns:
| 1Y Return | 3Y Return | 5Y Return |
|---|---|---|
| 33.92% | 185.82% | 240.83% |
Read Also: Bharti Airtel Case Study
4. Infosys Limited
Infosys, started in 1981, is one of India’s most trusted IT companies. In 2022, the company launched ‘Infosys Metaverse Foundry’, which allows clients to design virtual spaces, digital twins and interactive experiences. This platform is specially designed for industries like retail, healthcare and manufacturing. Infosys’ technological expertise and global reach make it a strong Indian company in the metaverse industry.
Know the Returns:
| 1Y Return | 3Y Return | 5Y Return |
|---|---|---|
| -3.71% | 6.63% | 102.39% |
Read Also: Infosys Case Study
5. HCL Technologies
HCL was founded in 1976 and over the years has become a global IT company. In the metaverse, the company has launched a platform called ‘HCLTech Metafinity’, which provides AI and digital avatar based experiences, aimed at bringing brands and companies into the Metaverse. This technology is used in virtual training, industry simulation and digital product design. HCL’s focus is on developing enterprise-grade technology and customized solutions, making it a key player in the metaverse space.
Know the Returns:
| 1Y Return | 3Y Return | 5Y Return |
|---|---|---|
| 7.90% | 67.65% | 179.54% |
Read Also: HCL Technologies Case Study
6. Wipro Limited
Wipro was started in 1945 and is one of the oldest and most trusted IT companies in India. The company has now entered the metaverse space as well, working on AR/VR and digital experience design. Wipro is building immersive solutions such as virtual training platforms and 3D consulting experiences for education, retail and real estate sectors. Its technical expertise and international client relationships make it a stable and reliable option in the metaverse space.
Know the Returns:
| 1Y Return | 3Y Return | 5Y Return |
|---|---|---|
| -3.63% | 24.70% | 131.26% |
Read Also: Wipro Case Study and Marketing Strategy
7. Tech Mahindra
Tech Mahindra was founded in 1986 and is the tech arm of the Mahindra Group. Along with IT services, the company is now rapidly moving into the world of metaverse. Its ‘TechMVerse’ platform creates virtual showrooms, digital workspaces and 3D experiences. From automobiles to retail, Tech Mahindra is offering industry-specific metaverse solutions to its clients. The company’s focus is on developing practical and scalable virtual experiences, establishing it as a serious IT player.
Know the Returns:
| 1Y Return | 3Y Return | 5Y Return |
|---|---|---|
| 7.38% | 56.21% | 177.12% |
8. LTIMindtree
LTIMindtree, formed by the merger of LTI and Mindtree in 2022, is today the flagship IT company of the L&T Group. It is a pioneer in AR/VR integration, UX design and creating cloud-based virtual experiences. From healthcare to BFSI, its metaverse solutions are customized to specific industry needs. The company’s global presence and strong technology expertise makes it an emerging metaverse company.
Know the Returns:
| 1Y Return | 3Y Return | 5Y Return |
|---|---|---|
| -3.27% | 30.34% | 145.88% |
Read Also: LTIMindtree Case Study
9. Tata Elxsi
Tata Elxsi, founded in 1989, is a company that offers specialized services in the field of design and technology. It focuses on designing AR/VR solutions, digital twins and immersive experiences. The company offers services such as virtual prototypes, user interfaces and real-time simulations for the automobile, healthcare and media sectors. Its high-tech projects and international client base make it a trusted name in the metaverse space, especially in the field of virtual design and innovation.
Know the Returns:
| 1Y Return | 3Y Return | 5Y Return |
|---|---|---|
| -14.53% | -24.99% | 547.72% |
10. Nazara Technologies Limited
Nazara Technologies was started in Mumbai in 1999 and today it is counted among the leading gaming companies in India. The company has been active in mobile games, e-sports and now metaverse as well. In June 2025, Nazara launched a new virtual game called Pokerverse VR, which runs on devices like Meta Quest and Apple Vision Pro. Through international acquisitions and fresh investments, the company is taking metaverse gaming to a new level. Its hold on the young audience makes it attractive to investors.
Know the Returns:
| 1Y Return | 3Y Return | 5Y Return |
|---|---|---|
| 48.16% | 121.94% | 34.61% |
Key Performance Indicators (KPIs)
| Company | Operating Margin (%) | Net Profit Margin (%) | ROE (%) | ROCE (%) | Debt to Equity |
|---|---|---|---|---|---|
| Reliance Industries Ltd. | 13.50 | 8.37 | 8.25 | 8.70 | 0.41 |
| Tata Consultancy Services (TCS) | 25.89 | 19.11 | 51.24 | 62.01 | 0.00 |
| Bharti Airtel | 28.42 | 19.52 | 29.52 | 14.72 | 1.30 |
| Infosys | 23.32 | 16.41 | 27.87 | 35.85 | 0.00 |
| HCL Technologies | 20.42 | 14.86 | 24.96 | 30.84 | 0.03 |
| Wipro | 21.26 | 14.80 | 15.94 | 19.03 | 0.20 |
| Tech Mahindra | 11.25 | 8.01 | 15.53 | 18.74 | 0.02 |
| LTIMindtree | 17.08 | 12.10 | 20.26 | 26.32 | 0.00 |
| Tata Elxsi | 28.08 | 21.04 | 27.44 | 34.27 | 0.00 |
| Nazara Technologies Ltd | 5.88 | 3.61 | 1.77 | 2.73 | 0.05 |
Benefits of Investing in Metaverse Companies
Various benefits of investing in Metaverse companies are given below:
- Early Investment in a future technology: Metaverse is still a new technology, but its scope is growing rapidly. Early investors can be a part of this growth story and get good returns in the long run.
- Advantage of Digital India and 5G: Internet access in India and the rapidly growing network area of 5G are helping in the widespread accessibility of metaverse experiences. Its direct benefit will be realised by those companies that adopt this technology early to design engaging metaverse experiences.
- High-demand sectors like gaming and AR/VR: Metaverse is being used tremendously in segments like gaming, virtual retail and virtual training, which will result in higher revenues for metaverse companies.
- Direct access to global markets: Metaverse companies in India can deliver digital products and services not only to India but also to the global customer base, which greatly increases their growth potential.
- Diversification in Portfolio: If your investment portfolio is based on traditional sectors, then investing in metaverse stocks can bring tech-focused growth and diversification to your portfolio.
Factors Behind the Rise of Metaverse in India
Some of the factors that have played a key role in adoption of metaverse technology in India are given below:
- Strong digital infrastructure: India’s internet and smartphone usage is growing at a rapid pace; the e-commerce market was valued at $125 billion in FY2024, creating a strong foundation for AR/VR technology.
- Role of 5G: The mass rollout of 5G connectivity has facilitated lower latency and faster speeds, which is crucial for immersive metaverse experiences.
- Blockchain Emergence : India is a rapidly growing market for blockchain-based digital assets which form the basis of the economic model of the metaverse, such as virtual land or NFTs.
- Digital twins and Industrial growth : Digital twins are being created for several Indian cities by companies such as Genesys and MapmyIndia urban planning. Also, manufacturing companies are implementing virtual models for smart factories, increasing production efficiency and safety.
Factors to be Considered Before Investing in Metaverse Stocks
Metaverse is a new and rapidly changing field. Small updates or emergence of a better technology can lead to big fluctuations in the stock prices of metaverse companies. Some of the key factors to consider before investing in these companies is given below:
- Regulatory and cyber risk : The rules regarding metaverse and digital assets are still not clearly defined in India. Apart from this, problems like data theft and cyber attacks are increasing in the virtual space. In such a situation, security and regulations are very important.
- Focus on fundamentals along with growth : It is not right to invest in metaverse stocks just by looking at their future growth story. It is also important to look at the company’s overall business model, financial strength and long-term plan. Good investors are those who trust balance more than hype, where both the company’s future growth prospects and the fundamentals are aligned.
- Investment Horizon: Investing in a Metaverse company is a long term investment. It may be difficult to get significant returns in the short term. Therefore, it is better to have a long term perspective while investing. If you are thinking of making quick profits, then this sector may not be right for you right now.
- Keep an eye on business diversification as well : Many big companies work in other sectors along with the metaverse. If the metaverse division fails, it is important to estimate how much impact it will have on the entire company. Diversified companies are generally considered safer.
- Correct research and updated information : Good research is necessary before investing in metaverse related stocks. One should keep an eye on the company’s latest announcements, project progress, and international partnerships. It is best to get information from reliable sources before making any decision.
Conclusion
The metaverse is still in its early stages in India, but it has immense potential for growth. Many Indian companies are preparing for the future by adopting innovative technologies in this field. If you are thinking of investing for the long term and are looking for technology-based growth stocks, then the metaverse companies can be a good investment option. However, it is very important to choose each stock wisely after analyzing it thoroughly and keep track of its progress from time to time. You must consult a financial advisor before investing.
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Frequently Asked Questions (FAQs)
What is the metaverse?
Metaverse is a virtual world where people can interact digitally.
Is it safe to invest in metaverse stocks in India?
Yes, as most of these companies are key global IT companies; however, there is definitely some risk because this technology is new and changing rapidly.
Which sectors are most involved in the Indian metaverse space?
IT, gaming, telecom and design based companies are most active in the metaverse space.
Can I invest in the metaverse companies through mutual funds?
You can invest in mutual funds that have invested in metaverse companies discussed above.
Do metaverse stocks give dividends?
Yes, some established companies such as TCS, Infosys, etc. do give dividends.
