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Indian Companies’ Cash Reserves Grew by 35% Over the Last Two Years, With Mukesh Ambani-led Reliance Topping the List

In the past two years, Indigo’s parent company, Interglobe Aviation, Reliance, and Hindustan Aeronautics have large cash reserves. Experts suggest that Indian companies have taken advantage of cost optimisation after the Covid period.

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Indian companies have increased their cash reserves by 35% in the last two years. According to the recent Economic Survey, Indian companies have made good amounts of cash balances but they are not ready to raise the salaries of the employees. It was mentioned in the survey that the companies have massive cash balances but the salaries of employees were not offered accordingly. 

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According to a report published in Hindu Business Line, Nifty 500 companies witnessed a surge of 35 percent from  Rs 10.6 lakh crore in September 2022 to Rs 14.3 lakh crore in September 2024. Mukesh Ambani-led Reliance Industries top the list with huge cash balances. 

Reliance Industries holds 15% cash balances of all 500 Nifty companies. The nation’s most valuable company has Rs 2.15 lakh crore cash and cash equivalent balances. After Reliance, Larsen and Tubero, Tata Motors, TCS and Wipro are the companies having large cash reserves as of 2024. 

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In the past two years, Indigo’s parent company, Interglobe Aviation, Reliance, and Hindustan Aeronautics have large cash reserves. Experts suggest that Indian companies have taken advantage of cost optimisation after the Covid period. These companies didn’t spend on expansion and it is the reason that they are witnessing huge cash reserves. 

The companies that have huge cash reserves are from key sectors like chemical, power, health care, realty, auto, and FMCG. In the last few years, the companies have focused on brownfield projects.

ABOUT THE AUTHOR

Vikas Mehta

Vikas Mehta

Asst News Editor

Vikas Mehta is currently serving as an Assistant News Editor at News 24. Throughout his career, he has contributed to prominent media organizations such as Times of India, Zee Media, DB Corp Ltd., and News Nation. With nearly two decades of experience, he has worked across all media platforms—print, digital, and broadcast. Vikas specialises in covering politics, crime, and international affairs, showcasing his deep understanding of these critical areas. He holds a Post Graduate Diploma in Journalism from SIMC, Pune, further strengthening his professional background in the media industry.

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First published on: Feb 05, 2025 04:12 PM IST


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