Which company became the first publicly traded firm from India to exceed a $200 billion market cap?

Reliance Industries became the first publicly traded firm from India to exceed a $200 billion market capitalization.

Reliance crossed the $200 billion level in September 2021 as its shares rose on the Bombay Stock Exchange and National Stock Exchange. The company’s valuation reflected its combination of petrochemicals, refining, telecommunications, retail, and digital businesses.

Reliance’s transformation accelerated after the launch of Jio, its telecommunications subsidiary, in 2016. Jio rapidly expanded affordable mobile data and helped make Reliance a major technology and consumer-services company as well as an energy group.

Market capitalization is based on the company’s share price and shares outstanding, so the dollar equivalent can vary with exchange rates. The milestone therefore describes a market value measured in U.S. dollars at that time, not a fixed amount of corporate cash.