India, a rising economic powerhouse, witnessed several companies achieving significant milestones in 2024. From tech giants to energy conglomerates, these organizations have set the stage for continued growth and global recognition. This year has been particularly transformative, with companies leading innovation, sustainability initiatives, and strategic expansions. Let’s dive into the details of the leading Indian companies that made waves in 2024, supported by data, statistics, and some key developments.
Key Highlights:
Reliance Industries has retained its position as India’s most valuable company. The conglomerate continued its expansion in green energy by investing $8 billion in solar and hydrogen projects. In 2024, Jio, its telecom subsidiary, crossed the 500 million user mark, while Reliance Retail launched over 1,200 new stores across India. This year, RIL’s commitment to sustainable energy took a central role, marking the company’s journey towards becoming a global renewable energy giant.
| Financial Data | 2023 (₹ Crore) | 2024 (₹ Crore) | % Growth |
|---|---|---|---|
| Revenue | 9,45,000 | 10,34,000 | 9.4% |
| Net Profit | 70,000 | 78,000 | 11.4% |
| Jio Subscribers | 490 million | 505 million | 3% |
Key Highlights:
Despite facing regulatory scrutiny after the Hindenburg Report in early 2023, the Adani Group rebounded in 2024, focusing on infrastructure development and green energy. The group’s energy portfolio, especially in solar power, saw exponential growth, adding 3.5 GW of new capacity in just 12 months. The acquisition of several strategic assets in ports and logistics further expanded its global footprint.
| Company Segment | Capacity (2023) | Capacity (2024) | % Growth |
|---|---|---|---|
| Renewable Energy (GW) | 9.7 | 13.2 | 36% |
| Port Handling (MT) | 300 | 325 | 8.3% |
| Airports Managed | 7 | 8 | 14% |
Key Highlights:
As the digital world continues to grow, TCS maintained its leadership in IT services. With the increasing demand for AI and cloud solutions, TCS launched several advanced AI-based platforms for clients globally. The company’s digital transformation business grew by 25%, positioning it as a leader in global IT consultancy.
| Metric | 2023 | 2024 | % Growth |
|---|---|---|---|
| Digital Transformation Rev. | ₹80,000 crore | ₹1,00,000 crore | 25% |
| New Clients Acquired | 120 | 140 | 16% |
| Global Workforce (Employees) | 6,10,000 | 6,55,000 | 7.3% |
Key Highlights:
Infosys continued to deliver stellar growth, with a strong focus on cloud computing, cybersecurity, and artificial intelligence. It added 200 new clients, with a major breakthrough in the financial services and healthcare sectors. Infosys’ focus on upskilling and reskilling its workforce also paid off, with a 10% increase in employee productivity across its major delivery centers.
| Year | Revenue (₹ Crore) | Net Profit (₹ Crore) | Client Base (New) |
|---|---|---|---|
| 2023 | 1,50,000 | 29,000 | 150 |
| 2024 | 1,70,000 | 32,000 | 200 |
Key Highlights:
HUL continues to dominate the FMCG sector in India. In 2024, the company launched 50+ new eco-friendly and sustainable product lines, tapping into the growing consumer consciousness for environment-friendly products. Its rural market penetration increased by 15%, contributing significantly to overall revenue growth.
| Product Category | Revenue Growth (2023) | Revenue Growth (2024) | % Growth |
|---|---|---|---|
| Personal Care | 8% | 11% | 3% |
| Home Care | 10% | 12% | 2% |
| Food & Beverages | 6% | 9% | 3% |
Key Highlights:
Bharti Airtel consolidated its position as a leading telecom operator in India. The rollout of 5G services across 20 Indian cities was a game-changer, with over 100 million users signing up for high-speed services by the end of 2024. Airtel also ventured into digital banking services, making it one of the few telecom companies globally to offer financial services alongside traditional telecom offerings.
| Services | Users (2023) | Users (2024) | % Growth |
|---|---|---|---|
| 4G Users | 325 million | 340 million | 4.6% |
| 5G Users | – | 100 million | – |
| Airtel Payment Bank Users | 45 million | 60 million | 33.3% |
Key Highlights:
Mahindra & Mahindra (M&M) made strides in the electric vehicle sector, launching 4 new electric car models in 2024. The company also reported a 30% growth in its agricultural equipment division, capitalizing on India’s rural development and agricultural mechanization initiatives.
| Segment | Sales (2023) | Sales (2024) | % Growth |
|---|---|---|---|
| Electric Vehicles (Units) | 40,000 | 52,000 | 30% |
| Tractors (Units) | 3,50,000 | 4,00,000 | 14% |
2024 was a year of resilience, growth, and innovation for Indian companies. Reliance Industries continues to be a giant across sectors, while companies like Adani Group and Mahindra & Mahindra have been leading India’s energy and EV revolutions. IT companies such as TCS and Infosys maintained their dominance in digital transformation services, while Bharti Airtel and HUL focused on new-age consumer needs.
These companies not only drove revenue growth but also focused on sustainable development, digital adoption, and financial inclusion, making them the true leaders of India’s corporate sector in 2024.