The evolution of medical devices companies in India has proven to be helpful to healthcare providers to detect, diagnose, and treat diseases & ailments.
Along with improving the quality of life, it plays a major part in any country’s economic as well as social development.
The Indian Medical devices and equipment market is currently valued approximately at 8 billion USD and is having a rapid phase of improvement with an increase in growth rate from 12% to 15% CAGR.
It has a CAGR value ranging from around 5% for the global medical equipment industry. India is among the top 20 global medical devices market and the 4th largest in Asia after Japan, China, and South Korea. (Source: IBEF)
Imported products dominate the market by accommodating around 70% of the total available resources. They vary in both their intended use and indications for use.
List of Medical Equipment Manufacturers in India
|Medical Devices Companies in India||Year of Estd.||ISIN||Market Value (Cr.)|
|WIPRO GE PRIVATE HEALTH CARE||1945||INE075A01022||16,720|
|CENTENNIAL SURGICAL SUTURE Ltd.||1995||INE405H01018||22|
|CURE SPECTS LASERS Ltd.||1995||INE730B01012||23|
|JOHARI DIGITAL HEALTHCARE Ltd.||1979||Not Listed||500|
|MAESTROS MEDLINE SYSTEMS||1972||INE318N01011||33|
|POLY MEDICURE Ltd.||1995||INE205C01021||6,503|
|BECTON DICKINSON INDIA Ltd.||1897||US0758871091||72.0B|
|SIEMENS HEALTHCARE DIAGNOSTICS||2015||DE000SHL1006||255|
|INDIA MEDTRONIC PRIVATE Ltd.||1979||IE00BTN1Y115||673|
|HINDUSTAN SYRINGES AND MEDICAL DEVICES||1957||Not Listed||36.5|
12 Medical Devices Companies in India
Based on their consumer satisfaction and quality, some of the most reliable and best-rated medical device companies in India are stated here.
These companies tied up with some best Solar Panel Companies to use renewable energy in their plant.
1. Wipro GE Healthcare
Established in the year 1945, Wipro GE Healthcare excelled with its performance in the market giving the best quality equipment and medicines for decades.
The company is the largest among medical devices companies in India providing equipment for imaging agents and radiopharmaceuticals. They have promoted the best drug research and patient monitoring technologies.
The Indian-based Wipro Company collaborated with the south Asian GE unit of health care services. Their total sales revenue and their performance from the year 2015 to 2019 range around 1M USD.
The company has set its footprints in almost all arenas to create a healthier world.
- They use the B1X5 series for diagnosis.
- Vscan extended Poc ultrasound.
- Centricity virtual care division for the management of infected individuals in an isolated and safe environment.
- Automated equipment replacing conventional, slow techniques.
GE Healthcare Facts & Figures
- Market Cap: 16,720 Cr. (2020)
- Y-O-Y Growth: 11%
- R&D Investment: 7,237 Cr. (2020)
- Imaging, Mobile diagnostic, and Monitoring Units Worldwide: 4,000,000 units
- Patients imaged every second: 3
- Wipro ISIN: INE075A01022
It has high employment standards for biomedical service providers and has the best healthcare research hosting history. With complete adherence to six sigma quality products over the decades, their professionals have helped people across the country fight cancer and heart problems.
2. Centennial Surgical Suture Ltd.
Centennial surgical sutures Ltd, established in the year 1995 is an inter alia manufacturer of quality sterile needles, with the state of the art manufacturing and packaging equipment. Its presence in the industry is maintained by skillful, competent staff.
This is the only medical devices companies in India dealing with eye care equipment.
They have grown vast since 1996, spreading to various parts of the country. Centennial Surgical is a listed company with high-profit rates and has met various insolvencies during the course of its journey. The total sales revenue of all of their branches ranges up to 78M USD as per the reports of March 2019. And a reported increase of 4% from 2016 to 2020 in their total financial status.
With their strict quality control paired with care and dedication, they have managed to provide high-quality products. They also assure their potential consistency and determination to make a better place. Automation and machinated treatment have helped them gain the reputation of being one of the most approachable and accessible manufacturers in the country.
Centennial Surgical Suture Ltd. Facts & Figures
- Market Cap: ₹22Cr.
- Current Share Price: ₹60.90
- High / Low: ₹60.9/29.0
- Stock P/E: 21.4
- Book Value: ₹79.9 Cr.
- ISIN: INE405H01018
3. Cure Spects Lasers Ltd.
First Gujarati pioneer LASIK surgical company established in the year 1995, they promise high-quality refractive LASIK surgeries for people around the country. Cure Spects has more than 16 years of experience in refractive procedures. With excellence in the field and a record of performing over 85000 LASIK surgeries, they remain the best place for LASER surgeries.
The technology they use was originally imported from European countries for safety purposes and consumer satisfaction. A wide range of defects could be treated effectively by their technologies.
With great performance in LASIK, Epi LASIK, and refractive eye surgeries, they have helped people reduce their dependence on eyeglasses. They are highly transparent with their details and provide sufficient information to the patients.
Cure Spects Facts & Figures
- Market Cap: 23Cr.
- Y-O-Y Growth: 7%
- Total LASIK Surgeries: 85,000
- Year of Experience: 16 Years
- ISIN: INE730B01012
4. Johari Digital Healthcare Ltd.
Johari Digital is a global Medtech company with 40+ years of expertise in medical device manufacturing.The manufacturing facility is in compliance with MDSAP, ISO 13485:2016, and FDA (21 CFR 820) standards, and processes. Their services range from design to development, electronics, and mechanical engineering, prototyping, system integration, packaging, and supply chain.
Additionally, Johari also helps clients with regulatory and compliance support to quickly take their products to market.Johari caters to its global clients from a 65,000-square-foot, state-of-the-art medical device manufacturing facility in India along with an R&D Center in Europe.Johari’s versatile product development and manufacturing portfolio include innovative life science products, diagnostic devices, and therapeutic devices.
The company provides Contract Manufacturing solutions to global MedTech giants as well as innovative start-ups.The facility is equipped with advanced capabilities to manufacture complex to high-volume products.
5. Maestro’s Medline Systems Private Ltd.
Maestros is India’s leading medical equipment organization with an aim to empower medical professionals across the country. They have specialized experts treating cardiac and gynaec problems with modernized technology without compensation.
- Patient Monitors
- Electro Cardiographs
- Pulse Oximeters
- Fetal Monitors
- Stress Test Systems
They have good reviews and performance reports among the patients. They use telemedicine software for diagnosis and also provide insightful disease management and treatment in remote locations.
They are highly wanted by critical patient care professionals across the country. They have provided the best treatments and diagnoses since the year of establishment and have enabled opportunities for low-profiled people to get good quality health care services.
Maestro’s Medline Systems Facts & Figures
- Market Cap: 33Cr.
- Current Share Price: ₹75.40
- PE Ratio: 18.24
- Face Value: ₹10.0
- ISIN: INE318N01011
- ISO 9000 & ISO 13485 certification
6. Opto Circuits (INDIA) Ltd.
Opto Circuits (INDIA) Ltd. is a multinational medical device company headquartered in Bangalore, India. The stock trade is done publicly on BSE and NSE. They are experts in designing well-equipped medical devices and specialized in critical care providence across the globe.
OCIL runs offices in more than three countries. With their market spread around 150 countries, a wide range of CE-marked products and certified equipment dominate their sales. The Company has been ranked in Forbes’ Asia’s Best 200 companies in the biomedical field.
They reported a consolidated net loss of 7.83 Cr. in the year 2020. They convene board meetings and are constantly online to improve the quality of their services. Its stock percentage increased by 6% last year and has had high-performance reports lately. Total revenue ranges around 65M USD.
Opto Circuits Facts & Figures
- Market Cap: 120Cr.
- Current Share Price: 4.10
- Sector PE: 65.01
- ISIN: INE808B01016
7. Polymedicure Services Private Ltd.
Polymedicure is envisioned to provide good quality health care to all. Passionate and highly skilled professionals carry the company’s prominent presence in the industry along with their highly equipped infrastructure. With state-of-the-art technologically automated devices, they promise assured satisfaction among the patients.
Poly Medicure manufactures 120+ productswith their state-of-the-art methodology in ultra-modern facilities covering over 400,000 square feet of office area.Over a wide area of 100,000 square feet of clean rooms, they emphasize hygiene with their determination.
They have a highly insightful approach toward treatment in Oncology, Respiratory disorders, and infusion therapies. Poly Medicure has been helping people with dialysis for a very long time with their caring environment. With their profit rates increasing by 4% every year, they have crossed many insolvencies in the past years. High calibers set for employment opportunities have made them excel in services.
- Market Cap: ₹ 6,503Cr.
- Y-O-Y Growth: 14.6%
- Current Share Price: ₹ 652.00
- Dividend Yield: 0.29
- EPS: 12.48
8. Becton Dickinson Private Ltd.
Becton Dickinson commonly known as BD is among the list of medical device companies in India. It also manufactures and sells medical devices, instrument systems, and reagents. BD also provides consulting and analytics services in certain countries. It has a huge market in India with export and import units spread around the country.
The net income of the group has increased from 722 Million USD to 1044 M USD from the year 2006 to 2019. Formerly, the company had two business segments and now has extended its control over the third. Their employment rate has increased multifold in the last 10 years.
Their business unit has peripheral intervention injective materials and non-surgical syringes. Rated top among the equipment available for cardiac and pulmonary treatment methods, they manage to produce a large number of clinical instruments for hospitals around the world.
Becton Dickinson Facts & Figures
- Market Cap: 72.039B
- NYSE Listed Company
- EPS: 5.26
- PE Ratio: 47.17
- ISIN: US0758871091
9. Siemens Healthcare Diagnostics
Siemens Healthcare is the among newest medical device companies in India that provides digital assistance to people who seek high-quality invasive surgeries. Precision in diagnosis and careful delivery of treatment have made their status exquisite in the Industry. It possesses highly specialized professionals in labs and molecular science with proper transparency in its working process.
With around 5 million patients around the globe, they offer help in imaging, diagnostics, and advanced therapies. Good counselors provide stable advice on a daily basis to around 18000 people. They have collaborations with around 170 companies around the world.
They have global assets and have set their footprints in many countries. Their financial growth has been exponential lately increasing by 2% every year. Insolvencies were managed to be minimal in every aspect with their clear and determined working. Over 480,000 employees are working in different units across the globe.
Siemens Healthcare Facts & Figures
- Market Cap: 255 Cr.
- Current Share Price:
- PE Ratio: 38.54
- EPS: 0.73
- ISIN: DE000SHL1006
10. India Medtronic Private Ltd.
With over 1100 employees in the country, India Medtronic excels in its operations in more than 10 cities. It is a wholly-owned subsidiary of Medtronic Pvt Ltd.
Their business revolves around cardiac surgeries and vascular, diabetic, and restorative therapies groups. The cardiac and vascular group encompasses CARH problems and the diabetic group focuses on cardio diabetics. Minimally invasive operations that involve early techniques have gained them a branded reputation.
They have IT parks in different cities. Their equipment are rated the top among the high-quality technicians. Highly qualified professionals carry the company’s reputation by managing to provide good quality caretaking.
Their total revenue is at about 30 billion USD and growth in profit rate by 4% approximately every year. Access to medical minimal invasive procedures has assured patient innovations. Regular monitoring with proper precision by individuals has helped them remain one of the top companies in India.
India Medtronic Facts & Figures
- Market Cap: 673Cr.
- Y-O-Y Growth Rate: 4%
- PE Ratio: 41..36
- EPS: 2.74
- ISIN: IE00BTN1Y115
11. Transasia Bio-Medicals
Transasia Bio-Medicals has developed its products and services but one thing that has remained constant is its service. 40 years of excellence in the field has brought them the reputation of being one of the best. It is headquartered in the social cosmopolitan city of Mumbai with recognized for being the first in vitro diagnosis company in the country.
It offers solutions and products in Biochemistry, Hematology, Coagulation, ESR, Immunology, Urinalysis, Critical Care, Diabetes Management, Microbiology, and Molecular Diagnostics.
With 60% of their sales accounting for regular consumers, they offer innovative and insightful solutions to people. Their finances have gone up by 3.8M USD from 2008 to 2018 with their profit rates increasing at a rate of 2.5% every year.
They have a very neat portfolio with over 5000 employees working towards their expanded goals. Have national assets valuing up to 7 cr. and promising infrastructure for the best health care providence. It is also among the top 50 globally best in vitro diagnostic clinics.
Transasia Bio-Medicals Facts & Figures
- Market Cap: 2.35Cr.
- Y-O-Y Growth: 2.5%
- ISO 9001:2008 & ISO 13485:2003 accreditations
- ISIN: INE321C01018
12. Hindustan Syringes and Medical Devices
Since its year of establishment, HMD Healthcare is one of the best medical devices companies in India providing cutting-edge quality medical devices for decades. It has set a benchmark in the globally demanding market with its innovation and methods. As an internationally known company, HMD aims at improving its performance to make them compete with global standards.
High-quality hypodermic syringes, IV labels, and good single-use syringes are produced in large amounts by HMD every year. Proper transfusion methods and qualified professionals working coercively contributed to their position in the industry.
With their asset value of about 60BUSD, their work in different areas is managing their image. Certified by ISO and ICMED, they produce 60 products every year. Their profit rate has increased by 5% in a period of 10 years. They have over 40,000 employees in different segments working towards their vision.
Hindustan Syringes Facts & Figures
- Market Cap: 36.5Cr.
- ISO 9001, ICMED 13485, ISO 13485 & MDSAP
- Y-O-Y Growth Rate: 5%
- ISIN: Not Listed
Final Thoughts on Medical Equipment Companies in India
The above data on all medical device companies in India is transitional and has been recorded from the official websites of various companies. They are ranked based on their performance in the market and their profit and loss analyses.
Also, the products and after-sales services offered by these companies are tremendous. I tried to provide maximum information from my end and if you have any suggestions, drop a comment in below comment box.
Johnson & Johnson, located in the United States, is India's top medical equipment maker.Which is the No 1 medical device company in India? ›
Johnson & Johnson, located in the United States, is India's top medical equipment maker.Which company is best for medical equipment in India? ›
- Abbott Laboratories.
- Medtronic PLC.
- Baxter International.
- Danaher Corporation.
- General Electric.
- 3M Company.
- Siemens Healthineers.
- Stryker Corporation.
Revenue in the Medical Devices segment in the United States is projected to reach US$163.70bn in 2023. The market's largest segment is Cardiology Devices with a projected market volume of US$22.47bn in 2023.Who is the No 1 medical device company in the world? ›
Stryker's competitors and similar companies include Johnson & Johnson, Medtronic, Hillrom and Enovis. Stryker is a medical technology company that operates through three business segments: Orthopedics, Medical and Surgical, and Neurotechnology and Spine.Which is the top medical hub of India? ›
Chennai, the "health capital of India," sees foreign patients annually for hip replacements, eye surgeries, cardiac bypasses, bone marrow transplants, and alternative medical procedures.What medical devices does India import? ›
There are six major categories of medical devices that are imported into India – consumables, disposables, electronics and equipment, implants, IVD (in vitro diagnostics) reagents, and surgical instruments, as per the AiMeD analysis.What Fortune 500 companies are medical devices? ›
The medical device companies on the list this year include Swiss Roche, Merck, Abbott, Thermo Fisher, 3M, Shanghai Pharmaceutical Group, Medtronic and Danaher.Which is the hub of medical equipment in India? ›
With excellent connectivity, competitive incentives, and proactive governance measures, Himachal Pradesh is set to emerge and establish itself as the #1 destination for Medical Device manufacturing in India and subsequently for the world.
The endoscopic device segment is set to be the fastest-growing device area, with sales expected to rise to $8.3 billion in 2030, representing 10.5% market growth per year between 2022 and 2030. The growth in the usage of Laparoscopes contributes to the growing endoscopic device segment.What is the medical device industry in 2023? ›
Artificial intelligence (AI) and robotics are expected to play an increasingly important role in the medical device sector in 2023. AI-driven devices, such as diagnostic instruments and surgical robots, are expected to become more advanced and more widespread.What technology will be in healthcare in 2023? ›
In 2023 we will continue to see a rise of blended learning methods, combining the best of in-person training with self-directed online learning – from self-paced tutorials such as e-learning, webinars, and gamification to more advanced delivery methods, such as augmented reality and virtual reality.What is the most prestigious medical device company? ›
1. Medtronic $31.7bn +8%What is the most expensive medical device? ›
1. INUMAC MRI Scanner. The INUMAC, the world's most powerful MRI scanner, has a price tag of $270 million. INUMAC, which stands for Imaging of Neuro disease Using high-field MR And Contrastophores, is the result of seven years of development work.What is the strongest brand in the healthcare industry? ›
|Brand||Value in billion U.S. dollars|
As it turns out, there were problems with the Stryker from the very beginning: the armor shielding it was fitted with proved largely ineffective and weighty, mud spattered from its rubber wheels into the engine during deployments caused innumerable maintenance problems, computer command displays inside the vehicle didn ...What rank is Stryker? ›
March 2022 Update: There have been many Stryker hip settlements. But there are still 105 Stryker Rejuvenate and ABG II hip implant lawsuits in the MDL class action.Which state has best medical in India? ›
Within India, Hyderabad (specifically Chennai) is regarded as the most efficient state for medical treatment in India. It is known as the 'health capital of India'. It offers a vast range of top-class medical facilities and has several multi-specialty and super-specialty hospitals.
Scudder, CMC Vellore has brought many significant achievements to India, including starting the first College of Nursing in 1946, performing the first reconstructive surgery for leprosy in the world (1948), performing the first successful open heart surgery in India (1961), performing the first kidney transplant in ...Which city is known as medical city in India? ›
The state government of Maharashtra has announced to set up the country's first medical city named as 'Indrayani Medicity' in Pune, to provide all kinds of specialised treatment under one roof.Which country buy medicine from India? ›
Africa, Europe, and NAFTA receive almost two-thirds of India's export of medicines.Which country is best for medical device manufacturing? ›
China Of countries in the Asia-Pacific MedTech market, China has the largest and most robust supply chain. This makes it the ideal destination for highly experienced contract manufacturers. For this reason alone, one might say that China remains the best option for low-cost medical device manufacturing.Is India the largest market for medical devices in Asia? ›
India is the 4th largest Asian medical devices market after Japan, China, and South Korea, and among the top 20 medical devices markets globally. Between 2020-25, the diagnostic imaging market is likely to expand at a CAGR of 13.5%.
Medical device manufacturers have two potential audiences: patients or doctors. Determining which of these two to target is one of the most important strategic decisions that medical device manufacturers face, and the answer is rarely clear-cut.Where are the most medical device companies? ›
California, Minnesota and Massachusetts dominate the U.S. medical device industry.Which city has most advanced medical in India? ›
Mumbai. International and domestic visitors come to Mumbai due to its highly qualified doctors, medical staff, and great medical facilities. The city boasts highly rated treatment facilities and super-specialty hospitals and Research and Diagnostic hubs making it the fastest-growing destination for medical treatments.What are the top 10 medical branches in India? ›
So, aspirants should not underestimate any of the medicine branches over others. The most popular medical specialisations in India are Cardiology, Orthopedics, Dermatology, Neurology, General Surgery, Urology, Ophthalmology, Gynecology and Obstetrics, Pediatric Surgery, and Oncology.
India has the unique distinction of having six recognized systems of medicine in this category. They are-Ayurveda, Siddha, Unani and Yoga, Naturopathy and Homoeopathy.What is the future of the medical device market? ›
The global medical devices market totaled $489 billion in 2021 and may top $500 billion in 2022. One estimate forecasts the market expanding to $719 billion by 2029 — an annualized rate of 5.5% from 2022 to 2029.Who has the most advanced medical technology? ›
The US, Switzerland and Norway are some of the most advanced countries when it comes to the field of medicine, with huge healthcare spending, numerous pharmaceutical companies and sophisticated academia.Is medical changing in 2023? ›
While close to 70% of Medicare beneficiaries with Medi-Cal (also known as dually eligible beneficiaries) receive their Medi-Cal benefits through a Medi-Cal managed care plan, in 2023 that number will increase to close to 100%.What is the medical trend increase for 2023? ›
The 2023 Global Medical Trends Survey reveals that after rising from 8.2% in 2021 to a higher than anticipated 8.8% in 2022, the healthcare benefit cost trend for 2023 is projected to remain at a stubbornly high global average of 10%. Costs are expected to continue rising in most regions (Figure 1).What is next in healthcare technology? ›
We will continue to see growth in areas including telemedicine, personalized medicine, genomics, and wearables, with organizers leveraging artificial intelligence (AI), cloud computing, extender reality (XR), and the internet of things (IoT) to develop and deliver new treatments and services.What are some future medical technologies? ›
- Crowdsourcing Medicine. ...
- Online Medical Communities. ...
- Artificial Intelligence. ...
- 3d Printing Human Organs. ...
- Healthcare Apps. ...
- Wearable Biotrackers. ...
- Human Powered Batteries. ...
- Breath Based Cancer Tests.
Medi USA top competitors include The Marena Group LLC, Sigvaris Inc, Julius Zorn Inc, Next Level Apparel.Is Abbott bigger than Medtronic? ›
Abbott's brand is ranked #168 in the list of Global Top 1000 Brands, as rated by customers of Abbott. Their current market cap is $210.71B. Medtronic's brand is ranked #546 in the list of Global Top 1000 Brands, as rated by customers of Medtronic. Their current market cap is $152.54B.What are the top medical device areas? ›
Among the top 10 medical device area (In Vitro Diagnostics, Cardiology, Diagnostic Imaging, Orthopedics, Ophthalmology, General & Plastic Surgery, Endoscopy, Drug Delivery, Dental Care, and Diabetic Care), In vitro diagnostics (IVD) is anticipated to be a top therapy area worldwide in 2025, with sales of $79.6 billion.
1. Exploratory chest surgery. The most expensive single medical procedure in America is exploratory chest surgery. Hospitals charge an average of $137,533 for similar pre-diagnostic surgeries.What medical procedure has the highest cost in America? ›
The Average Cost for Surgery
The most expensive surgeries are heart valve replacements, heart bypass, and spinal fusion surgeries.
Heart transplant ($997,000)
A heart transplant is a surgery to remove a patient's diseased heart and replace it with a healthy heart from a deceased donor. The danger, of course, is also very high. As in the case of the lungs, we need equipment that will temporarily replace the heart and pump blood through the body.
|1||UnitedHealth Group Incorporated||Healthcare Plans|
|2||Johnson & Johnson||Drug Manufacturers—General|
|3||Eli Lilly and Company||Drug Manufacturers—General|
|4||Pfizer Inc.||Drug Manufacturers—General|
Johns Hopkins Medicine had the most trusted health system brand in the U.S., according to research released by branding agency Monigle.What is the #1 healthcare in the US? ›
Hawaii is the top state for health care in the U.S. It has the best health outcomes in the country, with low preventable death (47 per 100,000 people), diabetes mortality and obesity rates.Which company is best for medical devices? ›
Medtronic once again tops the list as the largest medical device company in the world. With a workforce of over 90,000, operating in 150 countries, Medtronic is at the forefront of medical technology.Which medical device company pays the best? ›
- Highest Paying Pharmaceutical Jobs for Sales Professionals.
- #5 – IQVIA. ...
- #4 – Abbott Labs. ...
- #3 – Boston Scientific. ...
- #2 – Medtronic. ...
- #1 – Stryker. ...
|S NO||Company Names||Security Id|
|1||CDR MEDICAL INDUSTRIES LTD.||CDRMEDI|
|2||CENTENIAL SURGICAL SUTURE LTD.||CSURGSU|
|3||CURE SPECTS LASERS LTD.||CURESPEC|
|4||INVICTA MEDITEK LTD.||INVICTA|
1. INUMAC MRI Scanner. The INUMAC, the world's most powerful MRI scanner, has a price tag of $270 million. INUMAC, which stands for Imaging of Neuro disease Using high-field MR And Contrastophores, is the result of seven years of development work.
Average us process Medical Billing salary in India is ₹ 2.4 Lakhs for less than 1 year of experience to 3 years Medical Billing salary at us process India ranges between ₹ 0.2 Lakhs to ₹ 6.7 Lakhs. According to our estimates it is 20% more than the average Medical Billing Salary in India.What is the highest paid medical coder in India? ›
These are the top skills of a Medical Coder based on 2759 jobs posted by employers.
- medical coding.
- icd - 10.
As we all know that dialysis and organ transplant is quite expensive, which makes it unaffordable for a larger mass. A kidney transplant costs around Rs. 7 lakh whereas dialysis can cost you anywhere between Rs. 18,000-20,000 per session.What is the highest paid medical device engineer? ›
|Annual Salary||Monthly Pay|
Gallery-5 of the Most Expensive Medical Devices
Go no further than a $2.5 million PET/CT scanner, or a $270 million MRI machine. Granted, the degree that medical devices contribute to overall healthcare costs in the U.S. and elsewhere is a matter of debate.
With a market cap of ₹1,563,887 crores Reliance Industries leads the Indian Industries with the highest market cap. The multinational conglomerate company is headquartered in Mumbai and engages in a range of businesses in the textiles, telecommunications, retail, natural resources, and petrochemical sectors.