Most valuable companies in India in 2026: Infosys loses more than Rs 2 lakh crore, slips out of top 10; check full list
23 crore. Banking heavyweights HDFC Bank and ICICI Bank led the gains, reflecting the broader positive sentiment in equities. The top 10 firms include HDFC Bank, Bharti Airtel, State Bank of India, ICICI Bank, Tata Consultancy Services (TCS), Bajaj Finance, Larsen & Toubro, and Hindustan Unilever. On the flip side, Reliance Industries and Infosys saw a decline in their valuations.In a notable shift, Infosys—long considered one of India’s most valuable firms—has dropped out of the top 10 by market capitalisation. The country’s second-largest IT services exporter has been hit by a sharp fall in its share price this year, wiping out nearly Rs 2 lakh crore in value. As of April 29, Infosys shares were trading over 2 per cent higher at around Rs 1,175, giving the company a market capitalisation of about Rs 4.76 lakh crore and placing it at the 11th spot among India’s most valuable firms. On a year-to-date basis, the stock has fallen close to 29 per cent, down from a market cap of over Rs 6.8 lakh crore at the end of 2025.
The weakness in Infosys reflects a broader downturn in the IT sector. TCS has also slipped in the rankings, moving out of the top five to sit in sixth place with a market value of Rs 8.953 lakh crore. Despite the volatility, Reliance Industries continues to hold its position as India’s most valuable company, with a market capitalisation of Rs 19.289 lakh crore. It is followed by HDFC Bank, Bharti Airtel, State Bank of India, ICICI Bank, TCS, Bajaj Finance, Larsen & Toubro, Infosys, and Hindustan Unilever. Meanwhile, Life Insurance Corporation of India (LIC) has re-entered the top 10, securing the 10th position with a market capitalisation of Rs 5.138 lakh crore.Story continues below this ad Top 10 most valuable Indian companies by market capitalisation in 2026
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