Top Semiconductor Stocks in India by Market Capitalization

Explore India's top semiconductor companies contributing to technological advancements in EVs, 5G connectivity, and consumer electronics.

Semiconductor Industry in India – A Quick Overview

India's semiconductor industry drives the technology sector's growth, projected to reach $100.2 billion by 2032. Initiatives like the India Semiconductor Mission (ISM) and 'Make in India' are fostering innovation and reducing import dependency.

HCL Technologies

HCL Technologies, headquartered in Noida, excels in IT services and software development, including semiconductor design. It supports industries like automotive, aerospace, and consumer electronics. Data as of 25th December 2024. Source – NSE

Bharat Electronics Limited (BEL)

Market Cap: ₹2,13,921 Crore BEL, under the Ministry of Defence, specializes in cutting-edge defence and aerospace solutions, including semiconductor components. Based in Bengaluru, BEL exports globally. Data as of 25th December 2024. Source – NSE

Vedanta

Market Cap: ₹1,80,719 Crore Vedanta, headquartered in Mumbai, has ventured into semiconductor manufacturing through its ambitious JV with Foxconn, a project touted to boost India's self-reliance in chipmaking. Data as of 25th December 2024. Source – NSE

ABB India Limited

Market Cap: ₹1,46,005 Crore ABB India, based in Bengaluru, integrates semiconductor technologies in industrial automation and robotics. It pioneers sustainable energy solutions. Data as of 25th December 2024. Source – NSE

Havells India Limited

Market Cap: ₹1,04,637 Crore Havells India, renowned for electrical and lighting solutions, leverages semiconductors in energy-efficient devices. It owns premium brands like Crabtree and Standard. Data as of 25th December 2024. Source – NSE

Outlook for India’s Semiconductor Industry

Government initiatives and increasing demand for electronic devices support India's semiconductor industry. Companies like HCL Technologies and Bharat Electronics oversee innovation and market presence, making them attractive investment opportunities.