Which company became the first Indian company to exceed a $100 billion market capitalization?

Reliance Industries became the first Indian company to exceed a $100 billion market capitalization.

Reliance Industries crossed the $100 billion valuation threshold in 2007, making it the first Indian company to reach that level. Market capitalization measures the value of all outstanding shares and can rise or fall with the company’s share price.

The company grew from the business founded by Dhirubhai Ambani in 1966. Reliance expanded from textiles into petrochemicals, refining, oil and gas, telecommunications, retail, and digital services. Its large Jamnagar refining complex in Gujarat became a major part of its energy operations.

Reliance Industries is not the same as Reliance Communications or other businesses that once used the Reliance name. After a family business split, different companies were associated with the Reliance brand. The listed Reliance Industries group is led by Mukesh Ambani and includes Jio and Reliance Retail among its major businesses.