Most Profitable Business in India

Most Profitable Business in India

This comprehensive blog will provide you with a detailed list of the top 10 most profitable Business in India. 

India is growing as an economic hub, ready to make a major global effect in the years ahead. We can know whether a particular company is in the largest or biggest companies in India by their market cap.

You can calculate the market cap of a particular company by multiplying the total outstanding shares by the current market price of each share.

Related Post: Top Pharma Companies in India

10 Most Profitable Business in India

Here is the list of the top 10 most profitable companies in India.

#1. Tata Consultancy Services (TCS)

Tata Consultancy Services (TCS) is one of the top profitable companies in India. This company has earned around Rs. 33,260 crores for the financial year ending Mar’ 20.

Most Profitable Business in India

The company holds the record for the world’s largest IT company with a market capitalization of $169.2 billion. It earns most of the revenues from software development and maintenance followed by IT undertaking to consult. 

TCS makes most of its revenue from its US-based clients. For the year 2020, the company brought in around 10.8 billion U.S. dollars which is Rs. 82,000 crores from the US.

#2. Reliance Industries Limited

Reliance Industries Limited (RIL) has dropped down to second in the list of the most profitable companies for the year 2019-20 after earning around Rs. 30,903 crores.

Most Profitable Business in India

The company is combined with businesses occupied in energy, petrochemicals, textiles, natural resources, retail, and telecommunications. RIL however is the largest publicly traded company in India by market capitalization.

#3. HDFC Ltd.

Housing Development Finance Corporation Limited (HDFC Ltd.) is one of the most profitable companies in India. They earned Rs. 17,769.65 crores during the 2019-20 financial year.

Most Profitable Business in India

HDFC is a parent company to various companies involved in the financial services sector. It is also a major housing finance provider in India.

The company has an interest in banking, life and general insurance, asset management, venture capital, realty, education, deposits, and education loans.

HDFC’s subsidiaries include 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.

#4. Infosys

Infosys Ltd. is one of the most profitable companies in India having generated profits of Rs. 15,543 crores for the year 2019-20. It is also the second-largest Indian IT company after Tata Consultancy Services (TCS).

Most Profitable Business in India

The company has interests in various other industries like Aerospace and Defence, Agriculture, Consumer Packaged Goods, Financial Services, Healthcare, Industrial Manufacturing, Insurance, Life Science, Logistics, Mining, Oil and Gas, Retail, etc.

#5. ITC Ltd.

ITC is 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.

Most Profitable Business in India

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.

#6. HDFC Bank

HDFC Bank is an Indian banking and financial services company. It is also one of the most profitable companies in India. The company earned profits of Rs. 14,114.93 crores for the year 2019-20.

Most Profitable Business in India

The company is India’s largest private sector bank by assets also the largest banking company by market capitalization.

#7. ONGC

Oil and Natural Gas Corporation (ONGC) is a multinational oil and gas company. It is owned by the Ministry of Petroleum and Natural Gas, Government of India.

Most Profitable Business in India

The company entered the list after it made Rs. 13,444.54 crores despite suffering a 50% fall in its profits. ONGC produces around 70% of India’s crude oil and around 84% of its natural gas. 

The company is also India’s largest profit-making PSU and 7th on the list of most profitable companies in India.

ONGC also owns 51.11% shares in Hindustan Petroleum Corporation Limited (HPCL) another Indian state-owned oil and natural gas company.

#8. Coal India

Coal India Limited (CIL) is a coal mining and refining entity owned by the Indian government. The company earned a profit of Rs. 11,280.88 crores for the year 2019-20.

Most Profitable Business in India

Coal India is also the largest coal-producing company in the world. They currently have aimed to achieve an output of 1 billion tonnes by 2024. It currently contributes around 82% of the total coal production in India.

Its subsidiaries include Bharat Coking Coal Ltd. (BCCL), Central Coalfields Ltd. (CCL), Eastern Coalfields Ltd. (ECL), Mahanadi Coalfields Ltd. (MCL), Northern Coalfields Ltd. (NCL), South Eastern Coalfields Ltd. (SECL), Western Coalfields Ltd. (WCL), Central Mine Planning and Design Institute (CMPDI), North Eastern Coalfields, Coal, India Africana Limitada, and Dankuni Coal Complex.

#9. Power Grid Corp.

Power Grid Corporation of India Limited is involved in the transmission of power, owned by the Government of India. The company earned a profit of Rs. 10,811.18 crores for the year 2019-20.

Most Profitable Business in India

The company is accountable for around 50% of India’s total power supply through its transmission network. The company is also involved in the telecom business through POWERTEL company.

#10. NTPC

National Thermal Power Corporation Limited (NTPC) is involved in the generation of electricity and its allied activities. The company earned a profit of Rs. 10,112.81 crores for the year 2019-20.

Most Profitable Business in India

NTPC is yet another government enterprise to make it into this list. The company generates and then sells electricity to state-owned power distribution companies and State Electricity Boards.

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