India’s economy is growing rapidly, and along this journey, some Indian companies have grown so large that their annual revenue has reached not just crores, but lakhs of crores of rupees. These companies form the basis of the country’s largest industries, most employment, and strongest supply chains. In this blog, we’ll explore India’s highest revenue-earning companies today, how they grew so rapidly, and why they are considered the country’s “biggest companies in India.”
What is Company Revenue?
A company’s revenue is the total amount it earns from the sale of its products or services. Simply put, it can be called gross sales or gross income. This figure indicates the size of a company’s business and how much it sells in the market. This is often used to determine the biggest company in India or the highest turnover company in India.
Top Indian Companies by Highest Revenue
| SO.N | Company | Revenue (in INR crore) Sep ‘25 | Market Capitalisation (in INR crore) | Current Market Price (INR crore) | 52-Week High |
|---|---|---|---|---|---|
| 1 | Reliance Industries Ltd | 2,88,030 | 21,18,034 | 1,565 | 1,581 |
| 2 | Life Insurance Corporation of India | 2,42,569 | 5,65,467 | 894 | 1,008 |
| 3 | Indian Oil Corporation Ltd | 2,07,091 | 2,31,588 | 164 | 174 |
| 4 | State Bank of India | 1,75,898 | 9,03,677 | 979 | 999 |
| 5 | Oil & Natural Gas Corp. Ltd | 1,61,019 | 3,06,028 | 244 | 274 |
| 6 | Bharat Petroleum Corporation Ltd | 1,22,557 | 1,57,726 | 364 | 382 |
| 7 | HDFC Bank Ltd | 1,18,561 | 15,49,666 | 1,007 | 1,020 |
| 8 | Hindustan Petroleum Corporation Ltd | 1,10,919 | 97,347 | 458 | 495 |
| 9 | Tata Motors Passenger Vehicles Ltd | 73,810 | 1,32,859 | 361 | 497 |
| 10 | Larsen & Toubro Ltd | 69,368 | 5,66,739 | 4,120 | 4,135 |
A brief overview of the Indian Companies by Highest Revenue Stocks in India is given below:
1. Reliance Industries Ltd
Reliance began around 1960 when Dhirubhai Ambani started a small textile business. While the beginnings were simple, the company gradually expanded its scope. First, textiles, then petrochemicals, then refining… and today, it encompasses everything from retail, digital services, and networks. Reliance’s hallmark has always been its ability to quickly grasp opportunities and transform them into large-scale solutions. This is why the company is now so intertwined with people’s everyday needs; its influence is evident in every household.
2. Life Insurance Corporation of India (LIC)
LIC was founded in 1956 when several small and large insurance companies operating in India were merged to form a national entity. The government’s goal at that time was to ensure that people had access to the essential service of life insurance with confidence and a clean process. LIC’s mission was straightforward from the beginning: to provide people with plans that offered both long-term protection and savings. Gradually, the organization expanded across the country, and today, LIC is recognized in some form or another in almost every Indian household. Its recognition is also strengthened by its stable and reliable approach, rather than being aggressive like private companies.
3. Indian Oil Corporation Ltd (IOCL)
Indian Oil was established in the 1960s and is directly connected to people’s everyday needs. From petrol pumps to household kitchens, the name Indian Oil is present in everyday life in one way or another. Initially, the company focused solely on the supply and marketing of petroleum products, but gradually expanded into refining, pipeline networks, and various fuel-related operations. Indian Oil’s distinctive feature is its ability to reach every corner of the country; its pumps and distribution network are available even in small towns. This has led it to be considered the organization that keeps India’s energy system running smoothly, without any fuss.
4. State Bank of India (SBI)
SBI, as it exists today, began in 1955. Prior to that, it operated as separate, older banks, but was later consolidated under a single name, becoming the nation’s public sector bank. SBI’s mission is straightforward connecting people to banking, whether they live in a large city or a small village. Most families have some kind of connection with the bank, which has given it a distinct identity. People see SBI as a bank that is trustworthy and available everywhere, whether it’s an ATM or a simple account.
5. Oil & Natural Gas Corporation Ltd (ONGC)
ONGC was established in the 1950s when the need for organized oil and gas exploration was felt in the country. At that time, India was increasingly dependent on external sources for energy, so the government wanted to create an organization capable of exploring underground resources. ONGC’s work began with this: locating oil and natural gas reserves, exploring them, and then extracting and making them usable. Gradually, this work expanded, and ONGC became a major name in the energy sector. People consider it a company that lays the foundation for the country’s energy security, as its work, despite being behind the scenes, impacts the entire nation.
6. Bharat Petroleum Corporation Ltd (BPCL)
BPCL was established in 1976 when the government decided to consolidate petroleum-related operations in the country. Prior to this, several small companies operated in separate capacities, but they were merged to form a large, trusted entity BPCL. Initially, the company focused on the basic tasks of refining and transporting petroleum products, but gradually its network expanded to the point where its signboards became a common sight on highways. A distinctive feature of this company is its unwavering commitment to maintaining fuel supply, whether in difficult circumstances or on normal days.
7. HDFC Bank Ltd
HDFC Bank was founded in 1994, at the dawn of a new era for private banks. Banking wasn’t as simple back then, but HDFC Bank focused on providing clean systems and reliable services from the start. The bank primarily handles daily accounts, digital banking, and support for small businesses. Gradually, it established its reputation as a bank that operates professionally and provides hassle-free customer service. Technology continued to evolve, and the bank adapted accordingly; perhaps that’s why it’s considered one of the most trusted banks today.
8. Hindustan Petroleum Corporation Ltd (HPCL)
HPCL was formed in 1974. The clear reason behind its formation was that petroleum-related work was a bit fragmented at the time, and the country needed a company that could effectively manage the entire supply and process. It started small refining and basic distribution but gradually its network expanded significantly. Today, it handles a significant portion of the fuel supply across India. Its primary focus is ensuring that fuel shortages are not faced and that the required supplies are delivered on time. HPCL has a reputation as a steady, focused company that performs its duties without any pretense.
9. Tata Motors Passenger Vehicles Ltd
Tata Motors was founded in 1945, at a time when India was in the early stages of industrial development. The company initially began with trucks and heavy vehicles, as that was what the country needed most at the time. Later, as the demand for cars grew, Tata gradually began focusing on passenger vehicles as well. The company’s approach has always been a little different—it observes the type of car Indian families actually prefer and then designs its models accordingly. Safety, robust construction, and simplicity these three qualities are clearly evident in Tata cars. Over time, the company has learned to adapt, and that’s why many of its models have become everyday favorites.
10. Larsen & Toubro Ltd (L&T)
L&T was founded in the 1930s when two engineers wanted to professionalize engineering and construction in India. Initially, the company performed small jobs, imported machinery, and provided some technical services. Over time, these small projects evolved into larger projects. Today, L&T handles everything from metro lines to large bridges, factories, and industrial plants. The company is particularly known for its ability to patiently complete even difficult tasks. Wherever a major infrastructure project is involved, the L&T name is often associated with it in some way.
Read Also: Top Cash-Rich Companies in India
Key Performance Indicators (KPIs)
The key performance metrics of Highest Revenue Stocks Stocks in India are mentioned below:
| Company | Operating Margin (%) | Net Profit Margin (%) | ROE (%) | ROCE (%) | P/E (x) |
|---|---|---|---|---|---|
| Reliance Industries Ltd | 13.50 | 8.37 | 8.25 | 8.70 | 24.77 |
| HDFC Bank Ltd | 25.58 | 21.83 | 13.56 | 2.62 | 9.85 |
| State Bank of India | 21.80 | 16.09 | 16.87 | 1.91 | 8.88 |
| Larsen & Toubro Ltd | 10.33 | 6.91 | 15.39 | 14.89 | 31.93 |
| Life Insurance Corporation of India | 6.13 | 5.42 | 38.15 | 0.97 | 10.50 |
| Oil & Natural Gas Corpn Ltd | 10.79 | 6.09 | 10.54 | 11.15 | 8.55 |
| Indian Oil Corporation Ltd | 2.99 | 1.58 | 7.39 | 8.22 | 12.94 |
| Bharat Petroleum Corporation Ltd | 4.73 | 2.72 | 16.38 | 16.30 | 8.92 |
| Tata Motors Passenger Vehicles Ltd | 8.89 | 6.33 | 23.96 | 18.45 | 5.14 |
| Hindustan Petroleum Corporation Ltd | 2.87 | 1.57 | 13.16 | 12.67 | 11.38 |
Consider Before Investing in High-Revenue Companies
- Understand the company’s core business : Before investing, it’s important to consider the company’s revenue stream and its stable business model. Large revenue alone doesn’t fully reflect a company’s strength.
- Assess the state of the sector : Not every industry grows at the same pace. Understanding the future direction and strong demand of the sector in which a company operates is crucial for investing.
- Pay attention to management credibility : Who runs a company makes a significant difference in long-term performance. Companies with strong and experienced leadership are better able to handle challenges.
- Determine your investment horizon : If your goal is long-term, large and stable companies may be a better choice. However, if you need short-term returns, making decisions based solely on revenue can be risky.
Read Also: Top Companies in India by Market Capitalization
How to invest in Top Indian Companies by Highest Revenue with Pocketful
With Pocketful, you can follow a simple setup to invest in India’s highest revenue companies:
- Account Setup: Open and complete KYC on Pocketful.
- Stock Screening: Use screeners to filter high-revenue leaders.
- Analysis Setup: Check financials, KPIs, and valuations.
- Entry Setup: Use charts to find better buying levels.
- Order Setup: Place delivery orders directly.
- Tracking Setup: Monitor and rebalance your portfolio regularly for long-term growth.
Conclusion
It’s easy to see a large company and understand its potential, but investment decisions should always be made with some thought. Each company’s operations are unique, and its strengths depend on this. Therefore, it’s best to assess its business’s sustainability over the coming years and its ability to adapt to changes. If these factors are clear, such companies can be a good addition to your portfolio in the long run.
Frequently Asked Questions (FAQs)
Which Indian company has the highest revenue?
As per the latest data in this list, Reliance Industries Ltd has the highest revenue among Indian companies, driven by its diversified presence in energy, petrochemicals, retail, and digital services.
Is it safe to invest in high-revenue companies?
One shouldn’t judge based solely on revenue. The company’s performance and stability are also important.
What should I check before investing?
The company’s business model, the state of the sector, and how management operates—these three things are sufficient.
Do PSU companies rank high in revenue?
Yes, many PSU companies operate on a large scale, so they often appear in the top lists.
Does high revenue mean high profit?
Not necessarily. Expenses are often high, which leads to low profits.
