Services companies in India

517 listed companies in Services, largest first by market cap at the close on 27 Oct 2026; the largest is Adani Ports and Special Economic Zone.

Companies
517
Market cap
₹12,09,252 Cr
Median P/E
19.1
Median P/B
1.4
Revenue growth
+25.2%quarter to Jun 2026
Profit
₹10,091 Crquarter to Jun 2026
Filed the quarter
462of 580
Median ROCE
3.8%year to Mar 2026

Revenue growth and profit by quarter

Revenue against the same quarter a year earlier, over the companies that filed both; profit after tax added up over the companies that filed the quarter. A quarter fewer than 60% of the sector filed is left out, and the newest is added once nearly as many companies have filed it as the one before.

Revenue against the same quarter a year earlier, per cent

12Mar 244.8Jun 2413Sep 2413Dec 2416Mar 2512Jun 2512Sep 2514Dec 2528Mar 2625Jun 26
Revenue grew against a year earlier in 10 of the 10 quarters shown.

Profit after tax, ₹ crore, added up over the companies that filed

4,656Mar 248,596Jun 244,458Sep 249,153Dec 2411,353Mar 259,496Jun 254,828Sep 259,045Dec 257,080Mar 2610,091Jun 26
Largest profit ₹11,353 Cr, quarter to Mar 2025.

The largest companies

The 12 largest Services companies, each sized by its market cap.

Market cap, ₹ crore

  • Adani Ports and Special Economic Zone₹4,04,230 Cr
  • InterGlobe Aviation₹1,77,731 Cr
  • GMR Airports₹95,394 Cr
  • JSW Infrastructure₹73,919 Cr
  • Container Corporation of India₹32,380 Cr
  • Delhivery₹28,623 Cr
  • Redington₹27,995 Cr
  • The Great Eastern Shipping Company₹22,142 Cr
  • Firstsource Solutions₹20,823 Cr
  • eClerx Services₹17,839 Cr
  • Shadowfax Technologies₹17,156 Cr
  • International Gemological Institute₹16,964 Cr

Every Services company

  • 1Adani Ports and Special Economic Zone logoAdani Ports and Special Economic ZoneADANIPORTS · Transport Infrastructure₹1,754.50+0.11%₹4,04,230 Cr–11.6%0.43%+23.5%
  • 2InterGlobe Aviation logoInterGlobe AviationINDIGO · Transport Services₹4,596.50−0.25%₹1,77,731 Cr–−13.5%None−21.2%
  • 3GMR Airports logoGMR AirportsGMRAIRPORT · Transport Infrastructure₹89.48−0.45%₹95,394 Cr199.5010.4%None−3.1%
  • 4JSW Infrastructure logoJSW InfrastructureJSWINFRA · Transport Infrastructure₹317.25−0.06%₹73,919 Cr51.308.0%0.28%+7.2%
  • 5Container Corporation of India logoContainer Corporation of IndiaCONCOR · Transport Services₹425.15+3.29%₹32,380 Cr26.1010.4%2.02%−21.4%
  • 6Delhivery logoDelhiveryDELHIVERY · Transport Services₹382.00+1.87%₹28,623 Cr306.00−1.1%None−19.2%
  • 7Redington logoRedingtonREDINGTON · Commercial Services & Supplies₹358.10−2.36%₹27,995 Cr16.5017.9%1.68%+36.7%
  • 8The Great Eastern Shipping Company logoThe Great Eastern Shipping CompanyGESHIP · Transport Services₹1,550.90+1.21%₹22,142 Cr5.9016.2%2.73%+47.4%
  • 9Firstsource Solutions logoFirstsource SolutionsFSL · Commercial Services & Supplies₹298.75+2.22%₹20,823 Cr31.0019.1%1.84%−15.3%
  • 10eClerx Services logoeClerx ServicesECLERX · Commercial Services & Supplies₹1,896.70+1.07%₹17,839 Cr24.5035.4%0.05%−20.8%
  • 11Shadowfax Technologies logoShadowfax TechnologiesSHADOWFAX · Transport Services₹292.30+2.27%₹17,156 Cr––None–
  • 12International Gemological Institute logoInternational Gemological InstituteIGIL · Commercial Services & Supplies₹392.55+1.88%₹16,964 Cr25.5048.0%1.29%+15.3%
  • 13Shreeji Shipping Global logoShreeji Shipping GlobalSHREEJISPG · Transport Services₹838.95+3.38%₹13,668 Cr85.5017.9%0.12%+247.8%
  • 14Central Mine Planning & Design InstituteCMPDI · Commercial Services & Supplies₹184.37+0.39%₹13,164 Cr––1.14%–
  • 15Shipping Corporation of India logoShipping Corporation of IndiaSCI · Transport Services₹244.30−1.05%₹11,379 Cr7.0012.8%3.07%−10.1%
  • 16Black Buck logoBlack BuckBLACKBUCK · Transport Services₹570.10+4.59%₹10,390 Cr61.507.6%None−14.6%
  • 17Blue Dart Express logoBlue Dart ExpressBLUEDART · Transport Services₹4,274.90+0.20%₹10,143 Cr35.3023.5%0.58%−23.2%
  • 18Shiprocket logoShiprocketSHIPROCKET · Transport Services₹122.67+2.17%₹8,925 Cr––None–
  • 19WeWork India Management logoWeWork India ManagementWEWORK · Commercial Services & Supplies₹626.10+0.43%₹8,695 Cr88.5092.3%None−1.8%
  • 20Knowledge Marine & Engineering Works logoKnowledge Marine & Engineering WorksKMEW · Engineering Services₹3,230.20−1.59%₹8,193 Cr62.1016.2%None+171.6%
  • 21Gujarat Pipavav Port logoGujarat Pipavav PortGPPL · Transport Infrastructure₹160.24+1.31%₹7,747 Cr13.9027.2%6.49%−0.3%
  • 22MMTC logoMMTCMMTC · Commercial Services & Supplies₹51.11+0.89%₹7,667 Cr17.10−8.7%None−23.8%
  • 23Indiabulls logoIndiabullsIBULLSLTD · Commercial Services & Supplies₹32.27+4.40%₹7,526 Cr18.0010.7%None+75.6%
  • 24Nesco logoNescoNESCO · Commercial Services & Supplies₹985.20+3.61%₹6,942 Cr17.2013.5%0.71%−28.9%
  • 25Transport Corporation of India logoTransport Corporation of IndiaTCI · Transport Services₹846.90+0.20%₹6,507 Cr14.1012.7%1.18%−28.4%
  • 26RentomojoRENTOMOJO · Commercial Services & Supplies₹556.25+5.59%₹5,791 Cr––None–
  • 27Nirlon logoNirlonNIRLON · Commercial Services & Supplies₹630.30+0.02%₹5,680 Cr15.9028.9%4.76%+23.9%
  • 28LEAP India logoLEAP IndiaLEAPIND · Commercial Services & Supplies₹123.75−2.07%₹5,452 Cr––None–
  • 29Smartworks Coworking Spaces logoSmartworks Coworking SpacesSMARTWORKS · Commercial Services & Supplies₹468.95+5.37%₹5,364 Cr192.4048.7%None−16.2%
  • 30TVS Supply Chain Solutions logoTVS Supply Chain SolutionsTVSSCS · Transport Services₹111.30+0.71%₹4,911 Cr75.807.2%None−12.6%
  • 31Elevate CampusesELEVATE · Commercial Services & Supplies₹289.90+0.98%₹4,886 Cr––None–
  • 32Quess Corp logoQuess CorpQUESS · Commercial Services & Supplies₹323.35+0.05%₹4,830 Cr19.1024.5%3.40%+32.9%
  • 33VRL Logistics logoVRL LogisticsVRLLOG · Transport Services₹267.55−0.13%₹4,680 Cr17.5026.7%1.87%−0.9%
  • 34Inox Green Energy Services logoInox Green Energy ServicesINOXGREEN · Commercial Services & SuppliesDemerger₹109.39+0.57%₹4,590 Cr37.900.3%None−57.0%
  • 35Mahindra Logistics logoMahindra LogisticsMAHLOG · Transport Services₹434.20+11.29%₹4,311 Cr57.4012.7%0.58%+22.7%
  • 36Fusion CX logoFusion CXFUSIONCX · Commercial Services & Supplies₹286.30−0.56%₹4,133 Cr––None–
  • 37Seamec logoSeamecSEAMECLTD · Transport Services₹1,591.20+1.00%₹4,046 Cr15.8015.5%0.13%+83.9%
  • 38Mstc logoMstcMSTCLTD · Commercial Services & Supplies₹556.05−4.44%₹3,915 Cr16.7021.5%2.82%+4.3%
  • 39Afcom Holdings logoAfcom HoldingsAFCOM · Transport Services₹1,314.65−0.23%₹3,801 Cr25.30–None+57.5%
  • 40Indiqube Spaces logoIndiqube SpacesINDIQUBE · Commercial Services & Supplies₹165.43+3.28%₹3,507 Cr–32.5%None−26.4%
  • 41CMS Info Systems logoCMS Info SystemsCMSINFO · Commercial Services & Supplies₹205.60+0.81%₹3,291 Cr11.2015.3%2.55%−44.6%
  • 42Hemisphere Properties India logoHemisphere Properties IndiaHEMIPROP · Commercial Services & Supplies₹103.41+1.27%₹2,947 Cr–−2.0%None−27.5%
  • 43Sanghvi Movers logoSanghvi MoversSANGHVIMOV · Commercial Services & Supplies₹328.45−1.31%₹2,844 Cr14.3014.5%0.61%−13.1%
  • 44RPSG Ventures logoRPSG VenturesRPSGVENT · Commercial Services & Supplies₹831.75+2.61%₹2,752 Cr–10.8%None−1.3%
  • 45Kernex Microsystems (India) logoKernex Microsystems (India)KERNEX · Transport Services₹1,615.70+2.43%₹2,715 Cr14.2071.3%None+29.5%
  • 46Shankara Buildpro logoShankara BuildproBUILDPRO · Commercial Services & Supplies₹217.60+0.93%₹2,638 Cr20.1037.0%0.46%–
  • 47EFC (I) logoEFC (I)EFCIL · Commercial Services & Supplies₹166.34+0.94%₹2,461 Cr–33.4%None−44.1%
  • 48Dredging Corporation of India logoDredging Corporation of IndiaDREDGECORP · Engineering Services₹839.00−0.13%₹2,349 Cr59.704.4%None+35.4%
  • 49Bluspring Enterprises logoBluspring EnterprisesBLUSPRING · Commercial Services & Supplies₹154.26+3.98%₹2,306 Cr–4.7%None+94.4%
  • 50Gateway Distriparks logoGateway DistriparksGATEWAY · Transport Services₹45.99−1.10%₹2,298 Cr9.4011.4%7.07%−26.8%

About services companies in India

Services companies in India are listed companies that NSE Indices places in its Services sector: commercial services, transport services, transport infrastructure and engineering services. IT, telecom, banks and consumer services are separate sectors in the same classification.

Industries covered

Services is one of 22 sectors in the NSE Indices industry classification, which has four levels: macro-economic sector, sector, industry and basic industry. The sector holds four industries on this page: Commercial Services & Supplies, Transport Services, Transport Infrastructure and Engineering Services.

Commercial Services & Supplies is by far the largest group by company count. Its basic industries include trading and distribution, consulting, data processing, business process outsourcing and diversified commercial services. Transport Services covers airlines, logistics, railways, road transport, shipping and other transport-related services. Transport Infrastructure covers airports, ports and toll or annuity roads.

How a company lands here

NSE Indices assigns each company to the basic industry whose definition most closely fits its business, using revenue as the basis. If one business segment brings in more than 50% of total revenue, the company follows that segment. A company with no segment above 50% and two or more at 20% or more is labelled Diversified. Companies are reviewed yearly and after a merger or demerger.

What the page lists

The page lists every company in the sector that traded on the latest trading day, ranked by market cap: share price times the number of shares. It can be filtered by industry and switched between a valuation view and a latest-quarter view. P/E is market cap divided by the last four quarters' profit.

Sector figures at the top are medians or totals across these companies. Revenue growth counts only companies that filed both quarters compared. A quarter is left out of the quarterly charts until at least 60% of the sector has filed it.

Return on capital

ROCE, return on capital employed, is operating profit after depreciation, without other income and one-off items, as a percentage of net worth plus borrowings. Lease liabilities are not counted. That matters in this sector: airlines lease much of their fleet, so their lease obligations sit outside the capital employed on this page. Ports, airports and toll roads carry heavy fixed assets, so their capital employed is large.

What drives these businesses

Transport and infrastructure companies earn from volumes: passengers carried, cargo moved, vehicles on a toll road. Their costs are largely fixed, such as aircraft, ships, terminals and road assets, and fuel is a large variable cost for airlines and shipping lines. Toll roads and airports earn under concession agreements.

Commercial services firms are mostly asset-light. Trading and distribution earn a margin on goods handled, while consulting and outsourcing firms earn from staff time billed. Engineering services firms are paid by project or contract.

Services indices

Industry lists in Services