Mumbai: According to the National Stock Exchange (NSE) report, the number of Indian companies with a market capitalisation exceeding Rs 1 lakh crore has grown exponentially, increasing 40 times from 2000 to 2024. This remarkable rise is a testament to India’s robust economic growth, policy reforms, and expanding investor base.
In FY02, there was only one company with a market cap over Rs 1 lakh crore. By FY04, this number doubled to two, and by FY10, it had surged to 14 companies with a combined market cap of Rs 21.2 lakh crore.
Impact of Global Events on Market Dynamics
The Global Financial Crisis of 2008 temporarily stalled growth, causing a dip in high-cap companies. However, post-crisis measures, including global liquidity infusion and key reforms like easing FDI limits and deregulating fuel prices, helped markets recover swiftly.
By FY15, the number of companies with over Rs 1 lakh crore market cap rose to 22, totaling Rs 43.8 lakh crore. This growth continued with 30 companies in FY19, reaching Rs 73 lakh crore in market cap.
The COVID-19 pandemic in FY20 posed another challenge, reducing the number of such companies to 20 with a market cap of Rs 51.8 lakh crore. However, strong post-pandemic recovery measures, rising domestic participation, and economic resilience fueled a rapid rebound.
Current Status and Future Outlook
In FY24, the number of companies with market capitalisation over Rs 1 lakh crore has soared to 81, out of 2,439 listed companies. These companies now account for over 60 per cent of the total NSE market cap, valued at Rs 234 lakh crore.
This growth reflects India's economic resilience, market depth, and strong investor confidence. With ongoing reforms, economic expansion, and increased global interest, the number of such companies is expected to rise further, reinforcing India’s position as a global economic powerhouse.
