Which company was the first from India to reach a $200 billion market capitalization?

Reliance Industries was the first Indian company to reach a $200 billion market capitalization.

Reliance crossed the $200 billion mark in 2021 as its shares rose on the Bombay Stock Exchange and National Stock Exchange. The conglomerate’s businesses span energy, petrochemicals, telecommunications, retail, media, and digital services.

Its Jio telecom unit became especially important to the company’s growth story after launching commercial services in 2016. Reliance also attracted major strategic and financial investments into Jio Platforms and its retail operations.

Market capitalization is measured in Indian rupees and converted into dollars for international comparisons, so the exact dollar date can vary with exchange rates. The milestone does not mean Reliance was India’s largest company by every measure.