Mumbai (Maharashtra) [India]: The number of Indian companies with a market capitalisation of over ₹1 lakh crore has skyrocketed 40 times over the last 24 years, reflecting India’s strong economic growth and market expansion, according to a recent report by the National Stock Exchange (NSE).
Key Highlights from the Report
🔹 Massive Market Expansion: The share of ₹1 lakh crore+ market cap companies in NSE’s total market cap surged from 18% in FY02 to over 60% in FY24.
🔹 Exponential Growth: In FY02, only one company had a market cap above ₹1 lakh crore. By FY24, this number has jumped to 81 companies out of the 2,439 listed firms.
🔹 Top 10 Giants: The market capitalisation of the top 10 companies has grown 28 times over two decades, with profits and assets rising at 15.4% and 16% annually, respectively.
Timeline of Market Cap Growth
📈 FY02: 1 company crossed ₹1 lakh crore market cap.
📈 FY04: Increased to 2 companies.
📈 FY10: Expanded to 14 companies (₹21.2 lakh crore combined market cap).
📉 FY08: Global Financial Crisis led to a temporary dip.
📈 FY15: Grew to 22 companies (₹43.8 lakh crore market cap).
📈 FY19: Reached 30 companies (₹73 lakh crore market cap).
📉 FY20: COVID-19 impact reduced it to 20 companies (₹51.8 lakh crore market cap).
📈 FY24: Rebounded strongly to 81 companies (₹234 lakh crore market cap).
Driving Factors Behind the Growth
✅ Economic Reforms – Easing of FDI limits, fuel price deregulation, and better political stability.
✅ Post-2008 Liquidity Boom – Global capital inflows after the financial crisis supported growth.
✅ Rising Investor Base – Domestic and foreign participation in Indian markets has surged.
✅ Post-Pandemic Rebound – Strong economic recovery, policy support, and increased retail participation.
Future Outlook: More Growth Ahead?
As India’s economy expands and market reforms continue, experts predict even more companies will cross the ₹1 lakh crore milestone in the coming years, solidifying India’s position as a major player in global markets. 🚀📈