ICICI Bank Surpasses TCS: Emerges as Fourth-Largest Indian Company by Net Profit in FY25

ICICI Bank, the country’s second-largest private lender, has etched a significant milestone in its journey by surpassing Tata Consultancy Services (TCS) in net profit for FY25. This marks the first time the bank’s annual profit has crossed the ₹50,000 crore threshold, recording a robust ₹51,029 crore for the fiscal year.

This achievement not only redefines the profit rankings among India’s corporate giants but also highlights the shifting dynamics in India’s financial and tech sectors.

ICICI Bank’s share price hit a fresh 52-week high on May 8; as of 12:40 PM, the stock was up by 0.71%

Comparing Profit Growth: Banking Outpaces IT

Over the past five years, ICICI Bank has reported a compounded annual growth rate (CAGR) of 40% in net profits—an impressive figure reflecting its operational strength and earnings momentum. In contrast, TCS, one of India’s most respected IT firms, posted a CAGR of 8.5% over the same period, with FY25 net profits at ₹48,553 crore.

This divergence points to the rapid profitability acceleration in the banking sector compared to the relatively steady, albeit slower, growth in the IT space.

Ranking India’s Corporate Giants by Net Profit

Despite ICICI Bank’s leap, the top 3 companies by net profit remain unchanged:

• State Bank of India (SBI)

• HDFC Bank

• Reliance Industries

With ICICI Bank now in fourth place and TCS slipping to fifth, the rankings underscore how financial institutions continue to strengthen their dominance in India’s economic framework.

Read More: From NIMs to NPAs: ICICI vs HDFC – Who Outperformed in Q4 FY25?

Market Capitalisation Tells a Different Story

While ICICI Bank has overtaken TCS in terms of net profit, the pecking order changes when viewed through the lens of market capitalisation. As of the latest data:

• Reliance Industries remains the most valuable company.

• HDFC Bank holds the second position.

• TCS is third.

• Bharti Airtel ranks fourth with a valuation of ₹11.4 lakh crore.

• ICICI Bank follows in fifth place with over ₹10 lakh crore.

This contrast between profitability and market valuation showcases the varying investor perspectives and sectoral confidence.

Conclusion

It is noteworthy that just three years ago, TCS was India’s second most profitable company after Reliance Industries, ahead of banking majors such as HDFC Bank and SBI. The recent developments reflect not only ICICI Bank’s stellar performance but also the evolving nature of India’s corporate hierarchy.

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