India's ₹1 trillion market-cap club expanded to 114 companies in 2026, up from 110 firms in the previous year, according to data from Business Standard. The milestone represents a significant growth in the number of large-scale enterprises achieving this prestigious market valuation threshold.
Ten companies joined India's ₹1 trillion market-cap club in 2026, while six companies exited the same club during the year, as reported by Business Standard. This net addition of 10 companies resulted in the overall expansion of the club from 110 to 114 firms, indicating both growth and consolidation within the elite group of large-scale enterprises.
The 114 companies span across 42 sectors, demonstrating the broad-based nature of India's large-scale enterprise landscape, according to Business Standard data. This diversification across multiple industries suggests that the ₹1 trillion market-cap threshold is being achieved across various sectors of the Indian economy, indicating robust growth across different business segments.
The expansion of India's ₹1 trillion club comes amid broader market developments, including significant changes in the mutual fund industry. Active equity NFO collections reached a six-year low of ₹13,040 crore through 89 new launches in the first half of 2026, as reported by Business Standard. Industry experts attribute this decline to regulatory tightening, with Sebi's revised scheme categorisation norms in February 2025 now requiring sectoral and thematic funds within the same fund house to have no more than 50% portfolio overlap. As per Business Standard, most fund houses have largely completed their active equity product bouquet, with new launches now primarily occurring in the passive space while active equity launches are largely coming from newer AMCs. According to Business Standard, NFO collections contributed over 20% of net equity inflows in each calendar year from 2021 to 2024, with the NFO share being over one fourth during the equity bull market period in May-September 2024.
