Which company became the first Indian company to exceed a $200 billion market capitalization in 2020?

Reliance Industries became the first Indian company to exceed a $200 billion market capitalization in 2020.

Reliance Industries crossed the $200 billion mark in September 2020 after a major rise in its share price. The company’s valuation was supported by investor interest in Jio Platforms, its digital-services subsidiary, which attracted large investments from global companies and funds during 2020.

Reliance is a diversified Indian conglomerate. Its businesses have included petroleum refining, petrochemicals, oil and gas, telecommunications, digital services, retail, and renewable-energy initiatives. This breadth distinguishes it from companies known mainly for one sector, such as information technology or banking.

The company was founded by Dhirubhai Ambani and grew from a textile business into one of India’s largest corporations. Mukesh Ambani became chairman and managing director in 2002. Market-cap rankings can differ by date and currency, so a company’s position in a global list may change even when its local-currency valuation has not changed as dramatically.