Reports·Data analysis

Top 100 Indian Companies by Paid-Up Capital

Ranked list of the 100 highest-capitalized Indian companies by paid-up capital, broken down by state and industry.

Last generated: 5 May 2026 · Source: MCA public filings · All reports

The top of the paid-up distribution is dominated by holding companies, intermediate financial vehicles, and the listed parents of India's large conglomerates. Revenue-generating operating companies are usually several layers down — paid-up capital concentrates at the top of the corporate tree.

How to read this

Rank is by paid-up capital as filed — not by market capitalisation, revenue, or headcount.
A low rank with high capital and an unfamiliar name is typically a holding or SPV, not an unknown giant.
State breakdown shows where these entities are registered, not where operations sit — Maharashtra dominates because that is where most large groups run their holding company.

Caveat

Paid-up capital can be structured. A ₹1,000-crore filing in a holding company is a capital-structure choice, not a proxy for value created.

Companies Listed

100

States Represented

Highest Capital

₹1.7LCr

Count: Top-100 Presence by State

How many of the 100 largest paid-up registrations are based in each state

Gujarat

Maharashtra

Delhi

Uttar Pradesh

Karnataka

Tamil Nadu

Haryana

Bihar

Rajasthan

West Bengal

Madhya Pradesh

Andhra Pradesh

Capital: Combined Paid-Up by State

Where the aggregate paid-up capital concentrates

Gujarat

₹5.54LCr

Maharashtra

₹5.49LCr

Delhi

₹4.81LCr

Uttar Pradesh

₹3.4LCr

Karnataka

₹1.77LCr

Tamil Nadu

₹1.39LCr

Haryana

₹1.2LCr

Bihar

₹83.69KCr

Rajasthan

₹59.36KCr

West Bengal

₹51.16KCr

Madhya Pradesh

₹29.51KCr

Andhra Pradesh

₹28.42KCr

Top 100 Companies by Paid-Up Capital

#	Company	State	Paid-Up Capital (₹)	Status
1	BHARAT SANCHAR NIGAM LIMITED	Delhi	16,98,29,50,58,270	Active
2	RELIANCE JIO INFOCOMM LIMITED	Gujarat	15,41,25,00,00,000	Active
3	U. P. POWER CORPORATION LIMITED	Uttar Pradesh	14,62,38,51,28,000	Active
4	VODAFONE IDEA LIMITED	Gujarat	10,83,43,03,50,010	Active
5	MSEB HOLDING COMPANY LIMITED	Maharashtra	9,20,67,62,16,020	Active
6	JIO DIGITAL FIBRE PRIVATE LIMITED	Gujarat	7,86,55,91,60,929	Active
7	SARDAR SAROVAR NARMADA NIGAM LIMITED	Gujarat	7,11,81,22,51,000	Active
8	AI ASSETS HOLDING LIMITED	Delhi	6,30,22,59,00,000	Active
9	AMAZON SELLER SERVICES PRIVATE LIMITED	Karnataka	5,53,36,93,83,410	Active
10	TATA TELESERVICES LIMITED	Delhi	4,98,89,64,05,040	Active
11	MAHARASHTRA STATE ELECTRICITY DISTRIBUTION COMPANY LIMITED	Maharashtra	4,97,21,65,49,040	Active
12	INNETWORK ENTERTAINMENT LIMITED	Maharashtra	4,89,10,00,00,000	Amalgamated
13	KARNATAKA NEERAVARI NIGAM LIMITED	Karnataka	4,65,60,41,30,000	Active
14	BIHAR STATE POWER (HOLDING) COMPANY LIMITED	Bihar	4,50,42,78,72,380	Active
15	GUJARAT URJA VIKAS NIGAM LIMITED	Gujarat	4,23,96,06,80,150	Active
16	AIR INDIA LIMITED	Haryana	3,63,51,93,95,352	Active
17	MUNITIONS INDIA LIMITED	Maharashtra	3,56,45,36,00,000	Active
18	PURVANCHAL VIDYUT VITRAN NIGAM LIMITED	Uttar Pradesh	3,10,13,66,66,000	Active
19	SUBH LAXMI FINANCIAL SERVICES PVT.LTD.	West Bengal	3,00,92,00,21,000	Strike Off
20	DAKSHINANCHAL VIDYUT VITRAN NIGAM LIMITED	Uttar Pradesh	2,93,77,96,76,000	Active
21	ARCELORMITTAL INDIA PRIVATE LIMITED	Gujarat	2,81,70,33,71,290	Active
22	AMAZON DATA SERVICES INDIA PRIVATE LIMITED	Delhi	2,79,44,10,00,000	Active
23	DIGITAL18 MEDIA PRIVATE LIMITED	Maharashtra	2,69,56,26,29,770	Active
24	FLIPKART INTERNET PRIVATE LIMITED	Karnataka	2,68,15,10,26,596.6	Active
25	NAGPUR MUMBAI SUPER COMMUNICATION EXPRESSWAY LIMITED	Maharashtra	2,67,50,05,00,000	Active
26	MAHARASHTRA STATE POWER GENERATION COMPANY LIMITED	Maharashtra	2,63,04,18,63,260	Active
27	TNEB LIMITED	Tamil Nadu	2,58,89,25,51,903	Active
28	U.P. RAJYA VIDYUT UTPADAN NIGAM LIMITED	Uttar Pradesh	2,53,49,04,95,000	Active
29	ARCELORMITTAL NIPPON STEEL INDIA PRIVATE LIMITED	Gujarat	2,50,41,30,61,420	Active
30	PIRAMAL FINANCE LIMITED	Maharashtra	2,49,64,69,17,510	Active
31	DELHI METRO RAIL CORPORATION LIMITED	Delhi	2,46,73,95,04,000	Active
32	GMR INFRA DEVELOPERS LIMITED	Haryana	2,43,63,94,08,810	Amalgamated
33	MADHYANCHAL VIDYUT VITRAN NIGAM LIMITED	Uttar Pradesh	2,42,32,49,00,000	Active
34	RELIANCE STORAGE LIMITED	Maharashtra	2,41,91,00,00,000	Amalgamated
35	ONGC PETRO ADDITIONS LIMITED	Gujarat	2,37,52,16,96,710	Active
36	PASHCHIMANCHAL VIDYUT VITRAN NIGAM LIMITED	Uttar Pradesh	2,34,55,62,60,000	Active
37	U.P. POWER TRANSMISSION CORPORATION LIMITED	Uttar Pradesh	2,20,56,80,87,000	Active
38	PUNJAB STATE POWER CORPORATION LIMITED	Punjab	2,17,09,73,42,590	Active
39	FOXCONN HON HAI TECHNOLOGY INDIA MEGA DEVELOPMENT PRIVATE LIMITED	Tamil Nadu	2,16,01,37,46,990	Active
40	VISVESVARAYA JALA NIGAM LIMITED	Karnataka	2,14,88,96,31,000	Active
41	UTTAR PRADESH RAJYA VIDYUT UTPADAN NIGAM LIMITED	Uttar Pradesh	2,08,23,74,20,000	Amalgamated
42	TATA DIGITAL PRIVATE LIMITED	Maharashtra	2,06,51,00,43,180	Active
43	TAMIL NADU POWER DISTRIBUTION CORPORATION LIMITED	Tamil Nadu	2,01,19,16,27,490	Active
44	TATA STEEL BSL LIMITED	Delhi	1,99,18,68,79,536	Amalgamated
45	NUCLEAR POWER CORPORATION OF INDIA LIMITED	Maharashtra	1,97,52,77,27,000	Active
46	PIRAMAL CAPITAL & HOUSING FINANCE LIMITED	Maharashtra	1,92,83,71,83,970	Amalgamated
47	M.P. POWER MANAGEMENT COMPANY LIMITED	Madhya Pradesh	1,88,26,61,08,000	Active
48	ADVANCED WEAPONS AND EQUIPMENT INDIA LIMITED	Uttar Pradesh	1,78,60,79,00,000	Active
49	ANDHRA PRADESH MEDICAL EDUCATION AND RESEARCH CORPORATION LIMITED	Andhra Pradesh	1,62,50,05,00,000	Active
50	DEDICATED FREIGHT CORRIDOR CORPORATION OF INDIA LIMITED	Delhi	1,57,28,99,50,000	Active
51	UTTAR HARYANA BIJLI VITRAN NIGAM LIMITED	Haryana	1,57,09,71,99,000	Active
52	KALESHWARAM IRRIGATION PROJECT CORPORATION LIMITED	Telangana	1,51,17,67,80,980	Active
53	NATIONAL HIGH SPEED RAIL CORPORATION LIMITED	Delhi	1,50,06,00,00,000	Active
54	ONGC VIDESH LIMITED	Delhi	1,50,00,00,00,000	Active
55	BANGALORE METRO RAIL CORPORATION LIMITED	Karnataka	1,49,37,72,00,000	Active
56	FORD INDIA PRIVATE LIMITED	Tamil Nadu	1,48,23,00,00,000	Active
57	INSITEL SERVICES PRIVATE LIMITED	Delhi	1,45,73,03,92,770	Active
58	SOUTH BIHAR POWER DISTRIBUTION COMPANY LIMITED	Bihar	1,43,96,46,38,820	Active
59	HPCL RAJASTHAN REFINERY LIMITED	Rajasthan	1,43,65,05,00,000	Active
60	ONGC VIDESH ROVUMA LIMITED	Delhi	1,42,85,41,80,830	Active
61	INDIAN OIL CORPORATION LIMITED	Maharashtra	1,41,21,23,83,830	Active
62	NORTH BIHAR POWER DISTRIBUTION COMPANY LIMITED	Bihar	1,39,88,03,85,740	Active
63	DAKSHIN HARYANA BIJLI VITRAN NIGAM LIMITED	Haryana	1,39,00,48,81,000	Active
64	CHENNAI METRO RAIL LIMITED	Tamil Nadu	1,37,30,82,00,000	Active
65	RELIANCE INDUSTRIES LIMITED	Maharashtra	1,35,32,37,28,980	Active
66	ARMOURED VEHICLES NIGAM LIMITED	Tamil Nadu	1,34,27,66,32,450	Active
67	YANTRA INDIA LIMITED	Maharashtra	1,33,57,30,01,170	Active
68	INDIAN RAILWAY FINANCE CORPORATION LIMITED	Delhi	1,30,68,50,60,000	Active
69	BHARAT PETRORESOURCES LIMITED	Maharashtra	1,30,50,00,00,000	Active
70	SUZUKI MOTOR GUJARAT PRIVATE LIMITED	Gujarat	1,28,41,10,75,000	Active
71	GTL INFRASTRUCTURE LTD	Maharashtra	1,28,09,11,18,950	Active
72	TATA STEEL LONG PRODUCTS LIMITED	Orissa	1,27,45,10,00,000	Amalgamated
73	ELECTROWORLD DIGITAL SOLUTIONS LIMITED	Maharashtra	1,24,20,47,20,000	Under CIRP
74	IN2CABLE (INDIA) LIMITED	Maharashtra	1,24,00,00,00,000	Amalgamated
75	GOISU REALTY PRIVATE LIMITED	Maharashtra	1,23,18,00,00,000	Active
76	RASHTRIYA ISPAT NIGAM LTD	Andhra Pradesh	1,21,72,84,62,000	Active
77	JAIPUR VIDYUT VITRAN NIGAM LIMITED	Rajasthan	1,21,32,58,60,000	Active
78	AMAZON PAY (INDIA) PRIVATE LIMITED	Karnataka	1,20,82,48,48,450	Active
79	SOUTHERN POWER DISTRIBUTION COMPANY OF TELANGANA LIMITED	Telangana	1,20,17,93,03,060	Active
80	SREI EQUIPMENT FINANCE LIMITED	West Bengal	1,16,92,68,20,600	Active
81	AJMER VIDYUT VITRAN NIGAM LIMITED	Rajasthan	1,11,18,32,44,000	Active
82	JODHPUR VIDYUT VITRAN NIGAM LIMITED	Rajasthan	1,10,52,02,30,000	Active
83	IDBI BANK LIMITED	Maharashtra	1,07,52,40,21,750	Active
84	DAIMLER INDIA COMMERCIAL VEHICLES PRIVATE LIMITED	Tamil Nadu	1,07,34,59,97,440	Active
85	RAJASTHAN RAJYA VIDYUT UTPADAN NIGAM LIMITED	Rajasthan	1,06,92,36,00,000	Active
86	JAIPRAKASH POWER VENTURES LIMITED	Madhya Pradesh	1,06,81,00,88,270	Active
87	BIHAR STATE POWER TRANSMISSION COMPANY LIMITED	Bihar	1,02,60,72,21,630	Active
88	NHPC LIMITED	Haryana	1,00,45,03,48,050	Active
89	TATA SIA AIRLINES LIMITED	Haryana	1,00,20,00,00,000	Amalgamated
90	INDIA INFRASTRUCTURE FINANCE COMPANY LIMITED	Delhi	99,99,91,62,300	Active
91	JSW VIJAYANAGAR METALLICS LIMITED	Maharashtra	99,70,15,00,000	Active
92	GENERAL MOTORS INDIA PRIVATE LIMITED	Haryana	97,80,60,54,440	Active
93	NTPC LIMITED	Delhi	96,96,66,61,340	Active
94	TATA MOTORS PASSENGER VEHICLES LIMITED	Maharashtra	94,17,15,00,000	Active
95	CHENNAI NETWORK INFRASTRUCTURE LIMITED	Tamil Nadu	94,04,54,15,170	Amalgamated
96	TELENOR (INDIA) COMMUNICATIONS PRIVATE LIMITED	Delhi	93,84,57,16,710	Amalgamated
97	NATIONAL INSURANCE COMPANY LIMITED	West Bengal	93,75,00,00,000	Active
98	PASCHIM GUJARAT VIJ COMPANY LIMITED	Gujarat	93,01,61,26,520	Active
99	POWER GRID CORPORATION OF INDIA LIMITED	Delhi	93,00,60,38,190	Active
100	IDFC FINANCIAL HOLDING COMPANY LIMITED	Tamil Nadu	90,29,24,00,000	Amalgamated

State Breakdown of Top 100

State	Companies in Top 100	Combined Capital
Gujarat	10	₹5.54LCr
Maharashtra	23	₹5.49LCr
Delhi	16	₹4.81LCr
Uttar Pradesh	9	₹3.4LCr
Karnataka	6	₹1.77LCr
Tamil Nadu	9	₹1.39LCr
Haryana	7	₹1.2LCr
Bihar	4	₹83.69KCr
Rajasthan	5	₹59.36KCr
West Bengal	3	₹51.16KCr
Madhya Pradesh	2	₹29.51KCr
Andhra Pradesh	2	₹28.42KCr
Telangana	2	₹27.14KCr
Punjab	1	₹21.71KCr
Orissa	1	₹12.75KCr

Reports are generated from 2.8M+ public company records filed with the Ministry of Corporate Affairs. Each dataset refreshes daily. Read the data-accuracy note for how we treat MCA filing lag, or browse all reports · explainer guides.