By FMTeam By definition of it, you see, a conglomerate company is the one that has control over different smaller companies. And to be honest, these are the types of companies that are usually the biggest ones in the nation, and thankfully, right here in India, there are many conglomerate companies that are doing pretty well. So, if you always wanted to know about which are at the top of the ranks in this particular segment, then just keep on reading. Here we are about to share the list of the top 10 leading and renowned conglomerate companies in India., so, let’s just get to the list.
1. Reliance Industries Limited (RIL)
Though the routine business style of Reliance Industries is geared more towards the Indian market, its state-of-the-art products combined with its marketing policies have transformed it into a global giant, we can say for sure. As for their start, you see, the company was founded by Dhirubhai Ambani and it is now being led by Mukesh Ambani. In 2024, Reliance crossed a market cap of ₹21 lakh crore. The telecom operator Reliance Jio has a customer base of approximately 480 million, thus changing the digital sphere in India, and for good of all people.
2. Tata Group
As you may already know, with a heritage that spans over 150 years, Tata Group is a reliable name in India. Right now though, N. Chandrasekaran, the chairman, is leading Tata, which has expanded to various sectors such as the automotive sector, the steel sector, and IT, with a market value of approximately $365 billion (2024). Not just that though, Tata Motors has achieved a record profit this year by selling commercial vehicles and the company is also benefiting from Jaguar Land Rover. Then there is Tata Consultancy Services aka TCS, which is doing phenomenally well in the IT sector of India.
3. Adani Group
Next on the list, the Adani Group, led by its founder Gautam Adani, has quickly become one of the most significant players in the energy, logistics, and infrastructure sectors with a net income of ₹41,263 crore in 2024. For sure, Adani is a name that is recognized due to its projects that are based on the sun and wind instead of fossil fuels and currently, it is in the process of making the largest renewable energy plant in the world in Gujarat, you know? Like, Adani Airports is even trying to use nearly 50% renewable energy, which is an obvious indication of the company’s emphasis on sustainability.
4. Mahindra Group
Then, as most of you may already know, the Mahindra Group is a 1945-founded company. But also, it did its best in the fields of auto and IT, you know? Recently though, due to Dr. Anish Shah, Mahindra has decided to invest ₹37,000 Crore in the auto division, which will mainly launch EVs using the latest technologies. One of the years they plan to have 2 premium electric SUVs using Qualcomm’s latest tech. Furthermore, Mahindra’s agricultural sector has shown an all-time high in tractor sales reinforcing the role the company plays in Indian agriculture.
5. Larsen & Toubro (L&T)
Next on the list, L&T is a 1938-established company that is a leader in engineering, construction, and technology. Like, just this year, in 2024, the order book of the company was ₹5,10,402 crore due to its international projects. The company recently started to focus on renewables by the establishment of a clean energy unit, which emphasizes the commitment to sustainability, which is a big thing nowadays. Not just that though, the company’s advanced welding project for the ITER fusion reactor in France is evidence of L&T’s potential as a manufacturer of high-tech devices.
6. JSW Group
The JSW Group is a powerful player in steel, energy, and sustainability-led infrastructure development under the leadership of Sajjan Jindal, we can say that for sure. As for the company JSW Steel, it is expected to increase its production capacity to 38.5 million tonnes in 2025 and this will be achieved with the support of POSCO. This partnership is expected not only to kick start diversified energy generation but also the supply of the required components to the EV industry.
7. ITC Limited
Did you know that ITC Limited started out as a tobacco company, back in 1910? Right now though, it is a company that has diversified and today it is one among other conglomerates that are invested in FMCG, hotels, and agribusiness. Like, the year 2024 was a turning point for the company when ITC Hotels, already part of ITC, became ITC Hotels to level up growth in the hospitality sector of the country.
8. Godrej Group
Godrej Group, founded in 1897, chose to rebrand and restructure in 2024 with the formation of Godrej Enterprises Group (GEG) and Godrej Industries Group (GIG) as a means of streamlining operations. Just so you know though, GEG is a company that uses aerospace as their main focus whereas GIG engages in consumer goods and real estate, having several popular brands such as Godrej Consumer Products beneath it. Currently Adi Godrej is the Chairman of The Godrej Group.
9. Aditya Birla Group
Second last on the list, you see, the Aditya Birla Group company started its journey in the field of business in 1857, and it has operations in metals, cement, textiles, etc. For sure, under the leadership of Kumar Mangalam Birla, Hindalco Industries invested $10 billion in expanding production in two countries namely India and the U. S, while UltraTech Cement secured a stake in India Cements as a means of establishing itself in southern India, you know?
10. Vedanta Resources Limited
Last on the list, thinking of those very first days when it all began over one and a half decades ago, and the founder of the Vedanta Group, Mr. Anil Agarwal started exploring the Indian mineral wealth. From there on, the company has not only explored and found ores that are mines but also knows the major use of them with a lot of research. Like, the last financial year witnessed Vedanta recovering remarkably and generating $4.7 billion in EBITDA. Recently, to increase the use of lithium-ion batteries in EVs, the company began producing nickel sulfate which is now a major production item for it.
Conclusion
By any metric out there, these are by far the biggest and best conglomerate companies in India right now. The work that these companies are doing right here in India is somewhat responsible for not just providing work to millions in the country but also making the Indian economy grow.