Forbes' 2025 Global 2000 List: India - The World’s Largest Companies Ranked

Seventy Indian companies made it onto the 2025 Global 2000. More than a third of them are from the financial services sector spanning banks, insurance companies and consumer lenders. India’s most profitable private sector bank, HDFC Bank, moved up 12 spots to No. 53 on the global list. It took over the No. 2 position in India from state-run behemoth State Bank of India which stayed put at No.55 globally but slipped to the third position in the country.

Mumbai-based conglomerate, Reliance Industries, with interests in everything from petrochemicals, oil and gas to retail and telecom, retained the top spot in the country, and moved up four ranks from No.49 to No.45 on the global list. Reliance reported sales of $114 billion, up from $109 billion last year, and was largely insulated from global headwinds with its revenue driven mostly by domestic demand.

The Global 2000 ranks the largest companies in the world using four metrics: sales, profits, asset and market value. As a group, the 70 companies from India account for $1.3 trillion in sales, $126 billion in profits, $5.5 trillion in assets and $2.3 trillion in market value. We used the latest 12 months of financial data available to us as of April 25, 2015 to calculate the factors used in our rankings.