Reliance Industries India's largest company by assets; followed by IOC, HDFC

Reliance Industries (RIL) is the country's largest corporate with assets worth Rs 3.68 lakh crore, followed by state-owned Indian Oil Corporation (IOC) and mortgage lender Housing Development Finance Corp (HDFC).

In a written reply to the Rajya Sabha, Corporate Affairs Minister Arun Jaitley said at the end of March 2014, RIL's assets stood at Rs 3.68 lakh crore while that of Indian Oil Corp and HDFC was at Rs 2.52 lakh crore and Rs 2.25 lakh crore, respectively.

In the list of top 10 corporates in terms of assets compiled by the Corporate Affairs Ministry, RIL and HDFC are the only two firms from the private sector.

Other companies in the top 10 list are: Power Finance Corp (4th), NTPC (5), Rural Electrification Corp (6), Power Grid Corp (7), LIC Housing Finance (8), Steel Authority of India (9) and Bharat Sanchar Nigam Ltd (10).

Power Finance Corp's assets stood at Rs 1.94 lakh crore, NTPC (Rs 1.80 lakh crore), Rural Electrification Corp (Rs 1.53 lakh crore), Power Grid Corp (1.40 lakh crore), LIC Housing Finance (Rs 95,777 crore), Steel Authority of India (Rs 91,962 crore) and Bharat Sanchar Nigam Ltd (Rs 89,333 crore).

The list is based on data from 4,15,886 companies, which had filed their balance sheets for the year 2013-14 till November 30, 2014.

"The total reported value of the assets of all the 4,15,886 companies was Rs 117.08 lakh crore and the share of top ten companies in the total value of assets was 15.3 per cent on March 31, 2014," Jaitley said.