Which company was the first Indian company to surpass a $200 billion market capitalization?

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

Reliance crossed the $200 billion mark in September 2021 as its shares rose on the strength of its large energy, telecommunications, and retail businesses. The milestone made it the first Indian-listed company to reach that valuation.

The company began as a textiles business founded by Dhirubhai Ambani and later expanded into petrochemicals, refining, oil and gas, digital communications, and consumer retail. Its Jio telecommunications business became especially important to its modern growth story.

Reliance’s market value is not the same as the value of every business it operates or its annual revenue. It is the stock market’s estimate of the value of all outstanding Reliance shares, and it changes whenever the share price moves.