110 Indian Firms Top Rs 1 Lakh Cr Mcap in 2025, Up From 97 Last Year

• 110 Indian companies crossed Rs 1 lakh crore market capitalization (mcap) in 2025, a rise from 97 in 2024.
• These firms now account for 62% of the total BSE mcap, up from 60% last year, despite market volatility.
• Reliance Industries Ltd, HDFC Bank, and Bharti Airtel continued to be India’s most valuable companies.
• 20 firms crossed the milestone for the first time, and 4 new listings (LG Electronics, Tata Capital, Groww, Meesho) joined the club.
• Analyst Ajay Bagga notes large-cap outperformance, reflecting a rotation driven by relative valuation catch-up.

Why It Matters: India sees a significant rise in large-cap companies, indicating growing investor focus on big firms.