₹1-trn-mcap firms grew 14% in '25

Despite turbulence in the markets, the number of companies with a market capital-isation of ₹1 trillion rose to 111 in 2025 from 97 the pre-vious year, marking a 14 per cent increase.

- SUNDAR SETHURAMAN

Despite turbulence in the markets, the number of companies with a market capital-isation of ₹1 trillion rose to 111 in 2025 from 97 the previous year, marking a 14 per cent increase.

A record year for initial public offerings (IPOs) and market polarisation, with investors preferring the top 250 companies, were cited as reasons for the jump in the trillion club.

“The bigger companies have grown bigger, and smaller ones have been ignored, because of which small and midcaps have underperformed. Mutual funds had abundant liquidity thanks to systematic investment plans, and they invested in the top 250-300 companies by market capital-isation,” said Ambareesh Baliga, an independent equity analyst.

Companies that entered the ₹1 trillion club in 2025 include Tata Capital, ICICI AMC, and LG Electronics. All three were listed last year.