Which company became the first Indian company to reach a $200 billion market value?

Reliance Industries became the first Indian company to reach a $200 billion market value.

Reliance Industries crossed the $200 billion mark in September 2021 as its shares rose after major investment and business developments. The company is one of India’s largest publicly traded corporations and is controlled by the Ambani family through its corporate structure.

Reliance began in textiles and expanded into petrochemicals, petroleum refining, oil and gas, telecommunications, and retail. Its Jio telecommunications business became especially important after launching in 2016, rapidly expanding affordable mobile data and smartphone services across India.

The company’s market value reflects the combined expectations surrounding several businesses, rather than only its refining operations. This is why comparisons with Tata Consultancy Services or Infosys can be misleading: those companies are primarily information-technology services firms, while Reliance has a diversified industrial, consumer, and digital portfolio. Market capitalization is based on the price of publicly traded shares and can change every trading day.