Reliance, TCS, Infosys Among Indian Giants Dropping Out Of Global Top 100 Market Cap Rankings
Reliance, TCS, Infosys Among Indian Giants Dropping Out Of Global Top 100 Market Cap Rankings
India’s corporate sector has suffered a major setback as, for the first time in several years, no Indian company remains in the list of the world’s top 100 companies by market capitalization. The sharp decline in the Indian stock market has significantly reduced the market value of several leading Indian firms, pushing them out of the global rankings.
According to reports, continued weakness in the stock market has affected investor confidence and caused a steep fall in the market capitalization of India’s biggest companies. Earlier, major firms like Reliance Industries, HDFC Bank and Tata Consultancy Services were part of the global top 100 list. However, none of them has managed to retain its position now.
Reliance Industries, which was ranked 57th globally at the beginning of 2025 and 73rd at the start of 2026, has now slipped to 106th position. HDFC Bank has witnessed an even sharper decline, falling from 97th place in early 2025 to around 190th position currently.
India’s largest software exporter, Tata Consultancy Services (TCS), recorded one of the biggest drops among Indian firms. The company was ranked 84th globally in early 2025 and 171st at the beginning of 2026, but has now fallen drastically to 314th position.
The decline has not been limited to only a few companies. Infosys, India’s second-largest IT company, has also seen a sharp fall in rankings. Infosys, which stood at 198th position in early 2025 and 330th at the beginning of 2026, has now slipped to around 590th place globally. Similarly, ITC Limited has dropped from 296th and 466th positions during 2025 and 2026 respectively to around 702nd rank.
India’s presence in the global top 500 companies list has also weakened considerably. The number of Indian companies in the top 500 has reportedly reduced from 15 in early 2025 and 13 in early 2026 to just 9 now.
Among other major firms, Bharti Airtel has slipped from 164th to around 202nd position globally. ICICI Bank and State Bank of India have also seen declines in their global rankings.
The report further stated that the number of Indian companies with a market capitalization above 100 billion dollars has reduced from six at the beginning of the year to only three now. At present, Reliance Industries, HDFC Bank and Bharti Airtel remain in that elite category, while ICICI Bank, SBI and TCS have dropped below the 100-billion-dollar mark.
Experts believe that continued market volatility, global economic uncertainty and weakening investor sentiment have played a major role in reducing the global standing of Indian companies in terms of market capitalization.
