Heading to India on business means heading into a thriving economy where companies are turning a tidy profit in several major industries. The most profitable companies in India cover a wide range of sectors, from oil and natural gas to metals and mining, with IT and business consulting in between. The most profitable company overall is a conglomerate holding company that owns businesses that serve up a wide range of offerings across the country – and the world.
We gauged the most profitable companies in India based on info at MoneyControl.com, which listed profits from the most recently available reports. The site gave net profits in the Indian currency of the rupee. Amounts were listed in crore rupees, abbreviated “rs. cr,” or an amount equivalent to 10,000,000 rupees. To get the net profit amount in rupees, we multiplied the rs. cr amount by 10,000, and then converted the rupees into U.S. dollars.
Reliance Industries Limited (RIL)
Headquartered in Mumbai and doing business across the world, Reliance Industries Limited is a privately owned holding company originally founded in 1966. The conglomerate owns businesses across the country engaged in everything from petrochemicals to telecommunications, hydrocarbon exploration to retail. RIL easily ranks as one of the most profitable companies in India with a net profit of 27,417 rs. cr, or about $4.06 billion in U.S. dollars.
Tata Consultancy Services (TCS)
Founded in 1968, Tata Consultancy Services provides IT consulting, services, business solutions outsourcing for customers across the globe. It’s headquartered in Mumbai, operates in 46 countries, and is ranked as one of the top four most valuable IT services brands worldwide. Profits clocked in at 22,882 rs. cr, or about $3.4 billion in U.S. dollars.
Coal India Limited (CIL)
The coal mining company of Coal India Limited was founded in 1975, and continues to provide the majority of coal production for the entire country. Headquartered in Kolkata, CIL is a state-owned entity that doubles as one of the largest coal producing companies in the world. The most recent profits recorded were 16,343 rs. cr, equivalent to roughly $2.4 billion in U.S. dollars.
Oil and Natural Gas Corporation Limited (ONGC)
India’s government founded ONGC in 1956, and it continues to be a major player in the country’s oil and gas industry. With headquarters in Dehradun, the company produces more than 75 percent of India’s crude oil, more than 60 percent of the country’s natural gas, and a steady supply of other petrochemicals. Profits hit 16,003 rs. cr, or about $2.37 billion in U.S. dollars.
Previously known as Infosys Technologies Limited, Infosys Limited is a major outsourcing service known for IT and business consulting. The company’s main location is in Bengaluru, in a thriving IT hub known as Electronic City, but it has other locations peppered throughout the globe. Founded in 1981, Infosys is hailed as one of the most profitable companies in India with profits reaching 15,786 rs. cr, or roughly $2.34 billion in U.S. dollars.
Whether your business trip to India involves IT, petrochemicals, or natural gas, it definitely needs to involve obtaining an India business visa before you go. Feel free to contact Swift with any additional questions; we’re always happy to help!