| Rank '09 | Rank '08 | Company/City | Revenues | Industry |
| 1 | 1 | Indian Oil, Delhi/NCR | 290,946 | Oil&Gas |
| 2 | 2 | Reliance Industries Mumbai | 153,138 | Oil&Gas |
| 3 | 3 | Tata Steel, Kolkata | 147,595 | Steel |
| 4 | 4 | BPCL, Mumbai | 137,993 | Oil&Gas |
| 5 | 5 | HPCL, Mumbai | 129,979 | Oil&Gas |
| 6 | 7 | State Bank of India, Mumbai | 113,093 | Banking |
| 7 | 6 | ONGC, Delhi/NCR | 109,669 | Oil&Gas |
| 8 | 12 | Tata Motors, Mumbai | 71,738 | Automobile |
| 9 | 8 | Hindalco Industries, Mumbai | 63,313 | Non-ferrous metals |
| 10 | 9 | ICICI Bank, Mumbai | 64,153 | Banking |
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