In a reply to a question posted by Dr. Bhalchandra Mungekar who is a Rajya Sabha member, Ministry of Corporate Affairs has revealed the top 10 Indian companies based on their assets.
As per the Ministry, as of March 31, 2014, there are 4,15,886 registered companies as of now which have filed their balance sheets for the year 2013-14.
The total combined assets of these 4,15,886 companies is Rs 117.08 lakh crore.
Out of these companies, the share of top 10 Indian companies in terms of total assets is 15.3% or Rs 17.91 lakh crore.
This means 0.002% of Indian companies hold assets worth 15.3% and the rest 99.98% of Indian companies have 84.7% of all assets!
Among these top 10 companies, only Reliance and HDFC are private sector companies, rest all are PSUs or government controlled enterprises.
The top 10 Indian companies based on their assets are:
Reliance Industries with assets worth Rs 3.68 lakh crore is India’s largest company; or in other words, Reliance holds 3.14% of all assets owned by all Indian companies.
Reliance Industries was established in 1966 by Dhirubhai Ambani, and right now it employs 23,519 employees. They churned out revenues worth $75 billion in 2014. They are into Crude oil, natural gas, petrochemicals, petroleum, polyester, textiles, retail, telecom, media.
Indian Oil Corporation, having assets worth Rs 2.52 lakh crore is at #2 position, and Housing Development Finance Corporation Limited (HDFC) with assets worth Rs 2.25 lakh crore is at #3.
HDFC was founded in 1994, and as of 2013, it has 69,065 employees. They are mainly into Investment Banking, Investment Management, Wealth Management, Private Banking, Corporate Banking, Private Equity, Finance and Insurance, Consumer Banking, Mortgages, Credit Cards.
Interestingly, among the top 10 list, 4 Government owned companies are in power sector:
- – Power Finance Corporation Limited: Ranked #4 with total assets worth Rs 1.94 lakh crore. It was founded in 1986, and considered the backbone of Indian power sector. When it’s IPO was launched in 2007, it was oversubscribed 76 times.
- NTPC Limited: Ranked #5, with total assets worth Rs 1.79 lakh crore. It was founded in 1975, and has been conferred Navaratna status. It was ranked 424th in the Forbes Global 2000 list for 2014
- Rural Electrification Corporation Limited: It was formed in 1969 to provide electrifications across all rural areas is at #6 position with assets worth Rs 1.52 lakh crore.
- Power Grid Corporation of India: Founded in 1989, it has total assets worth Rs 1.39 lakh crore.
You can find the official reply by Ministry of Corporate Affairs here.
