| RANK | COMPANY | Group companies considered | Headquarters (Country of Origin) | Ultimate Holding /Parent company | Subsidiary / JV | Industry/ Sector | Total Income | Net Income | PBIDT Excl. Other Income | Profit/Loss | Cash & Bank Balance | Total Assets | Share Capital | Net Worth | RONW | ROCE | Market Cap | P/E | 2025 Rank | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ₹ crore | $bn/$mn | YoY change % | ₹ crore | YoY change % | ₹ crore | ₹ crore | $bn/$mn | RANK | YoY change % | % of total income | ₹ crore | ₹ crore | Rank | YoY change % | ₹ crore | ₹ crore | Rank | (%) | (%) | ₹ crore | X | ||||||||
| 1 | Suzuki Motor Corporation | 3 | Japan | Suzuki Motor Corporation | Subsidiary | Automobile* | 1,71,687 | $18.7 BN | 9.33 | 1,64,736 | 8.39 | 21,506 | 15,726 | $1.7 BN | 1 | 8.17 | 9.16 | 1,688 | 1,07,722 | 1 | 12.82 | 1,940 | 1,02,295 | 1 | NAP | NAP | 4,86,368 | 32.91 | 1 |
| 2 | Hyundai Motor Co Group | 15 | South Korea | Hyundai Motor Co Group | Subsidiary | Automobile* | 1,47,797 | $16.1 BN | -2.01 | 1,45,807 | -1.7 | 15,549 | 9,463 | $1.0 BN | 4 | -5.45 | 6.4 | 18,264 | 41,564 | 8 | 9.76 | 6,776 | 34,534 | 6 | NAP | NAP | 1,83,996 | 32.19 | 2 |
| 3 | Walmart Inc | 7 | US | Walmart Inc | Subsidiary | Retail* | 1,45,222 | $15.8 BN | 17.23 | 1,41,515 | 16.3 | -8,076 | -10,478 | - $1140.1 MN | 500 | LL | NAP | 3,639 | 35,935 | 11 | 7.35 | 5,068 | 18,195 | 14 | NAP | NAP | NAP | NAP | 4 |
| 4 | Nayara Energy | 1 | Russia | Rosneft | Joint Venture | Energy | 1,30,326 | $14.2 BN | -3.01 | 1,28,620 | -3.38 | 11,188 | 6,080 | $661.5 MN | 8 | -50.66 | 4.66 | 6,469 | 64,413 | 2 | 8.7 | 1,507 | 50,010 | 4 | 13 | 16.44 | NAP | NAP | 3 |
| 5 | Samsung Group | 7 | South Korea | Samsung Group | Subsidiary | Consumer Electronics* | 1,27,319 | $13.9 BN | 9.72 | 1,24,701 | 8.41 | 12,584 | 11,886 | $1.3 BN | 2 | 36.26 | 9.34 | 31,134 | 51,248 | 7 | 25.52 | 562 | 44,254 | 5 | NAP | NAP | NAP | NAP | 5 |
| 6 | BBK Electronics | 5 | China | BBK Electronics | Subsidiary | Consumer Electronics | 1,09,846 | $12.0 BN | 28.94 | 1,06,135 | 23.81 | 2,837 | 1,581 | $172.1 MN | 39 | -5.76 | 1.44 | 3,457 | 1,498 | 223 | -58.5 | 65 | -2,200 | 500 | NAP | NAP | NAP | NAP | 6 |
| 7 | Hon Hai Technology Group | 3 | Taiwan | Hon Hai Technology Group | Subsidiary | Consumer Electronics -contract mfg | 89,847 | $9.8 BN | 80.31 | 89,942 | 100.01 | 2,822 | 1,408 | $153.2 MN | 44 | 100.16 | 1.57 | 1,896 | 15,583 | 36 | 33.31 | 11,241 | 13,098 | 27 | NAP | NAP | NAP | NAP | 13 |
| 8 | Toyota Motor Co Group | 9 | Japan | Toyota Motor Co Group | Subsidiary | Automobile* | 86,834 | $9.4 BN | 11.81 | 85,611 | 11.93 | 10,052 | 6,444 | $701.1 MN | 7 | 14.4 | 7.42 | 14,870 | 41,513 | 9 | 24.82 | 4,317 | 18,824 | 13 | NAP | NAP | 3,616 | 46.36 | 7 |
| 9 | Apple India | 1 | US | Apple Inc | Subsidiary | Consumer Electronics | 81,007 | $8.8 BN | 19.81 | 79,061 | 18.48 | 4,704 | 3,196 | $347.7 MN | 18 | 16.4 | 3.95 | 8,067 | 7,644 | 65 | 38.41 | 0.04 | 3,422 | 102 | 8.83 | 67.3 | NAP | NAP | 8 |
| 10 | Wilmar International | 2 | Singapore | Wilmar International | Subsidiary | FMCG | 75,089 | $8.2 BN | 17.97 | 74,587 | 19.17 | 3,083 | 926 | $100.8 MN | 69 | L2P | 1.23 | 2,404 | 16,187 | 32 | 1.52 | 342 | 6,821 | 50 | NAP | NAP | 27,196 | 25.13 | 11 |
SOURCE: CAPITALINE, TOFLER, TRACXN, FORTUNE INDIA RESEARCH