India

Top 19 largest Indian Companies in the Financial sector by Market Cap

This is the list of the largest public listed companies in the Financial sector from India by market capitalization with links to their reference stock and industry.

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Top Financial Companies from India as of Jan. 01, 2026

Rank Company Market Cap (USD) Country Sector Industry
1 HDFC Bank Limited $187.08 B India Indian Financials Indian Banks—Regional
2 ICICI Bank Limited $108.19 B India Indian Financials Indian Banks—Regional
3 Axis Bank Ltd $43.73 B India Indian Financials Indian Banks—Regional
4 Indian Railway Finance Corp Ltd $18.67 B India Indian Financials Indian Credit Services
5 BSE Ltd $12.04 B India Indian Financials Indian Financial Data & Stock Exchanges
6 L&T Finance Holdings Ltd $8.85 B India Indian Financials Indian Credit Services
7 Mahindra & Mahindra Financial Services Ltd $6.22 B India Indian Financials Indian Credit Services
8 Central Depository Services $3.41 B India Indian Financials Indian Capital Markets
9 CreditAccess Grameen Ltd $2.29 B India Indian Financials Indian Credit Services
10 The Jammu and Kashmir Bank Ltd $1.25 B India Indian Financials Indian Banks—Regional
11 Arihant Capital Markets Ltd $109.9 M India Indian Financials Indian Capital Markets
12 Wealth First Portfolio Managers Ltd $109.6 M India Indian Financials Indian Capital Markets
13 N.B.I. Industrial Finance Company Ltd $85.3 M

(July 1, 2025)

 India Indian Financials Indian Capital Markets
14 Dewan Housing Finance Corp Ltd $71.8 M

(Sept. 1, 2021)

 India Indian Financials Indian Mortgage Finance
15 Muthoot Capital Services Ltd $60.9 M

(July 1, 2025)

 India Indian Financials Indian Credit Services
16 Consolidated Finvest & Holdings Ltd $59.2 M India Indian Financials Indian Capital Markets
17 Spacenet Enterprises India Ltd $42.6 M India Indian Financials Indian Capital Markets
18 ICDS Ltd India Indian Financials Indian Asset Management
19 Ashoka India Equity Investment Trust PLC-Fund India Indian Financials Indian Asset Management

Top Financial Companies from India as of Jan. 01, 2026

1. HDFC Bank

Company Profile: HDFC Bank Limited
Market Cap (USD): $187.08 B
Country: India
Sector: Indian Financials
Industry: Indian Banks—Regional

2. ICICI Bank Limited

Company Profile: ICICI Bank Limited
Market Cap (USD): $108.19 B
Country: India
Sector: Indian Financials
Industry: Indian Banks—Regional

3. Axis Bank Ltd

Company Profile: Axis Bank Ltd
Market Cap (USD): $43.73 B
Country: India
Sector: Indian Financials
Industry: Indian Banks—Regional

4. Indian Railway Finance Corp Ltd

Company Profile: Indian Railway Finance Corp Ltd
Market Cap (USD): $18.67 B
Country: India
Sector: Indian Financials
Industry: Indian Credit Services

5. BSE Ltd

Company Profile: BSE Ltd
Market Cap (USD): $12.04 B
Country: India
Sector: Indian Financials
Industry: Indian Financial Data & Stock Exchanges

6. L&T Finance Holdings Ltd

Company Profile: L&T Finance Holdings Ltd
Market Cap (USD): $8.85 B
Country: India
Sector: Indian Financials
Industry: Indian Credit Services

7. Mahindra & Mahindra Financial Services Ltd

Company Profile: Mahindra & Mahindra Financial Services Ltd
Market Cap (USD): $6.22 B
Country: India
Sector: Indian Financials
Industry: Indian Credit Services

8. Central Depository Services

Company Profile: Central Depository Services
Market Cap (USD): $3.41 B
Country: India
Sector: Indian Financials
Industry: Indian Capital Markets

9. CreditAccess Grameen Ltd

Company Profile: CreditAccess Grameen Ltd
Market Cap (USD): $2.29 B
Country: India
Sector: Indian Financials
Industry: Indian Credit Services

10. The Jammu and Kashmir Bank Ltd

Company Profile: The Jammu and Kashmir Bank Ltd
Market Cap (USD): $1.25 B
Country: India
Sector: Indian Financials
Industry: Indian Banks—Regional

11. Arihant Capital Markets Ltd

Company Profile: Arihant Capital Markets Ltd
Market Cap (USD): $109.9 M
Country: India
Sector: Indian Financials
Industry: Indian Capital Markets

12. Wealth First Portfolio Managers Ltd

Company Profile: Wealth First Portfolio Managers Ltd
Market Cap (USD): $109.6 M
Country: India
Sector: Indian Financials
Industry: Indian Capital Markets

13. N.B.I. Industrial Finance Company Ltd

Company Profile: N.B.I. Industrial Finance Company Ltd
Market Cap (USD): $85.3 M (July 1, 2025)
Country: India
Sector: Indian Financials
Industry: Indian Capital Markets

14. Dewan Housing Finance Corp Ltd

Company Profile: Dewan Housing Finance Corp Ltd
Market Cap (USD): $71.8 M (Sept. 1, 2021)
Country: India
Sector: Indian Financials
Industry: Indian Mortgage Finance

15. Muthoot Capital Services Ltd

Company Profile: Muthoot Capital Services Ltd
Market Cap (USD): $60.9 M (July 1, 2025)
Country: India
Sector: Indian Financials
Industry: Indian Credit Services

16. Consolidated Finvest & Holdings Ltd

Company Profile: Consolidated Finvest & Holdings Ltd
Market Cap (USD): $59.2 M
Country: India
Sector: Indian Financials
Industry: Indian Capital Markets

17. Spacenet Enterprises India Ltd

Company Profile: Spacenet Enterprises India Ltd
Market Cap (USD): $42.6 M
Country: India
Sector: Indian Financials
Industry: Indian Capital Markets

18. ICDS Ltd

Company Profile: ICDS Ltd
Country: India
Sector: Indian Financials
Industry: Indian Asset Management

19. Ashoka India Equity Investment Trust PLC-Fund

Company Profile: Ashoka India Equity Investment Trust PLC-Fund
Country: India
Sector: Indian Financials
Industry: Indian Asset Management

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