India’s export sector has demonstrated exceptional resilience and record-high performance in fiscal year 2025-26, with total merchandise and services exports reaching an estimated USD 820 billion. Non-petroleum exports for the full April-February 2026 period reached USD 354.12 billion, up 5.03 percent year-on-year, providing the cleanest signal of India’s underlying export competitiveness. Electronics grew at 33.6 percent from 2024 to 2025, with phones and components leading, making electronics the fastest-growing export category. Reliance Industries is the largest exporter in India, contributing over 15 percent of India’s total exports with refined petroleum exports alone crossing USD 45 billion in 2025. India now ranks among the top 5 countries globally in export product diversity. TCS’s total revenue for FY2026 was Rs 1,78,650 crore with 97.1 percent from exports making it India’s largest services exporter. Let us have a look at the top 10 export companies in India for the year 2026.
1. Reliance Industries Limited
Reliance Industries, founded in the year 1958 by Dhirubhai Ambani and headquartered in Mumbai as India’s largest private sector company, is the single largest exporter in India contributing over 15 percent of India’s total merchandise exports with its refined petroleum exports alone crossing USD 45 billion in 2025. The company’s consolidated revenue reached Rs 11,75,919 crore in FY2026 with total exports of Rs 2,78,808 crore representing 23.7 percent of total revenue, primarily driven by its Jamnagar Oil-to-Chemicals business which is the world’s largest single-location refinery complex. Reliance’s O2C segment export revenue from oil, chemicals, and petrochemicals in FY 2024-25 was Rs 73,749 crore with 2.2 percent year-on-year growth, and it has recently secured a historic A- rating from S&P Global.
Reliance Industries serves the global petroleum products market, international chemical buyers, and polyester and polymer consumers across Europe, Africa, and the Americas with its integrated refining and petrochemical export operations, and is structurally the most important single company in India’s merchandise export ecosystem given its disproportionate contribution to national export earnings.
2. Tata Consultancy Services Limited
Tata Consultancy Services, founded in the year 1968 as part of the Tata Group and headquartered in Mumbai, is India’s largest services exporter with total revenue of Rs 1,78,650 crore in FY2026 of which a massive 97.1 percent representing Rs 1,73,469 crore came from international exports — making it the single largest exporter among India’s listed IT companies and one of the highest earning foreign exchange companies in India. TCS exports software solutions, AI frameworks, cloud systems, digital transformation programs, and managed services to Fortune 500 companies across 150 countries. TCS generated a quarterly order book of USD 9 billion and is aggressively leading the AI revolution with its WisdomNext platform.
TCS serves global enterprises across BFSI, healthcare, retail, manufacturing, and government with its software and IT services exports and is what financial analysts describe as India’s intellectual capital export giant — the company that earns more foreign exchange through brainpower than Reliance’s refineries earn through physical products.
3. Sun Pharmaceutical Industries Limited
Sun Pharmaceutical Industries, established in the year 1983 by Dilip Shanghvi and headquartered in Mumbai as India’s largest pharmaceutical company, is one of India’s most important and consistently growing exporters with operations across 100 plus countries serving particularly the US, European, and emerging markets generics segments. The company exports active pharmaceutical ingredients, generic drugs, specialty medications, and branded generic formulations with a particular focus on complex generics, anti-diabetic biosimilars, and advanced cancer therapies that command premium pricing in highly regulated markets. Sun Pharma is described in 2026 as shifting from volume to value — focusing on complex generics rather than commodity generics to maximise export revenue per unit.
Sun Pharma serves the global generics pharmaceutical market with India’s reputation for cost-effective, quality-assured drug manufacturing and is one of the primary ambassadors of India’s pharmaceutical export capability in the world’s most demanding regulatory markets including the US FDA-supervised American generics market.
4. Kiran Gems Private Limited
Kiran Gems, founded in the year 1985 and headquartered in Mumbai, is the world’s largest manufacturer of natural polished diamonds and India’s premier diamantaire, recognised as the highest exporter of cut and polished diamonds by India’s Gem and Jewellery Export Promotion Council for multiple consecutive years. The company produces over 1.6 million carats annually including rounds and fancy shapes in various colours, clarities, and sizes up to 3 carats, and exports to leading jewellery brands and retailers worldwide through ethical sourcing partnerships with leading mining companies including De Beers and Alrosa.
Kiran Gems serves the world’s most prestigious jewellery brands and retailers with its precision-cut natural diamonds and is the most significant individual contributor to India’s gems and jewellery export category which is one of India’s top merchandise export segments in terms of value generated per unit of raw material processed.
5. Tata Steel Limited
Tata Steel, founded as Tata Iron and Steel Company in the year 1907 and one of the world’s largest and most respected steel manufacturers, is a major merchandise exporter with total export revenue of USD 796 million from May 2024 to April 2025, shipping to the US, Vietnam, Iraq, Korea, and other international steel markets. The company’s exports include hot-rolled, cold-rolled, and coated flat steel products and structural steel serving automotive, construction, and industrial customers globally. Tata Steel’s global manufacturing footprint in the Netherlands and UK alongside its India operations gives it multiple geographically strategic export points.
Tata Steel serves the global automotive, construction, and infrastructure sectors with its manufactured steel products and is one of India’s most significant industrial goods exporters, demonstrating that India’s steel manufacturing capability has achieved internationally competitive quality and cost levels that allow it to export successfully to the world’s most demanding markets.
6. Tata Motors Limited
Tata Motors, established in the year 1945 and part of the Tata Group, is India’s largest commercial vehicle manufacturer and a major passenger vehicle exporter that ships to over 100 countries including the UK through its Jaguar Land Rover subsidiary, South Africa, and several ASEAN nations. Maruti Suzuki is India’s number one passenger vehicle exporter at approximately 3.95 lakh units in 2025 but Tata Motors is the leading exporter by commercial vehicle value and by the strategic importance of its JLR subsidiary which generates substantial UK-based export revenue. The company’s export strategy leverages Make in India incentives, free trade agreements, and port-centric manufacturing near India’s major seaports.
Tata Motors serves global commercial vehicle buyers and premium passenger vehicle customers with its India-manufactured vehicles and JLR UK operations, and is one of India’s most globally integrated automobile manufacturers with the most prestigious international brand in any Indian company’s portfolio through the Jaguar Land Rover marque.
7. Rajesh Exports Limited
Rajesh Exports, founded in the year 1990 and headquartered in Bengaluru, is one of India’s largest exporters of gold jewellery and gold products, managing the entire gold value chain from mining to retail branding and exporting to over 60 countries including the USA, UK, Singapore, and UAE through its Shrenuj and Laabh retail subsidiaries. The company is described as one of the biggest export companies in India and is India’s largest gold jewellery exporter by value, contributing meaningfully to the gems and jewellery category which is one of India’s most consistent top-five merchandise export earners.
Rajesh Exports serves the global fine jewellery and gold products market with its vertically integrated gold jewellery manufacturing and export operations, and its management of the entire gold value chain from sourcing through retail branding gives it pricing power and margin advantages that smaller independent jewellery exporters cannot achieve.
8. Infosys Limited
Infosys, founded in the year 1981 by Narayana Murthy and co-founders in Bengaluru, is India’s second largest IT services company and one of India’s most important services exporters, with the vast majority of its revenue of approximately USD 18 to 19 billion generated from international markets across the US, Europe, and Asia-Pacific. Infosys exports software engineering, digital transformation, AI platforms through its Topaz product, and managed IT services to over 1,700 active clients across 50 countries, contributing substantially to India’s invisibles or services exports which at USD 418.31 billion in FY2025-26 substantially offset India’s merchandise trade deficit.
Infosys serves global enterprises with its software and IT services exports and is alongside TCS the most important contributor to India’s services export leadership, with both companies demonstrating that India’s knowledge economy exports have become a more substantial and reliable source of foreign exchange than many traditional merchandise export categories.
9. Dixon Technologies (India) Limited
Dixon Technologies, founded in the year 1993 by Sunil Vachani and India’s largest Electronics Manufacturing Services company, is rapidly becoming a significant electronics export contributor as Apple’s iPhone manufacturing shift to India through Foxconn and Dixon creates USD 30 billion of projected annual electronic exports by FY30. India now manufactures 15 percent of global iPhones and is targeting 25 percent by FY28, with Dixon among the key contract manufacturers contributing to Apple’s India supply chain. Electronics export growth of 33.6 percent from 2024 to 2025 with phones and components leading is partly driven by Dixon’s expanding smartphone manufacturing capabilities.
Dixon Technologies serves global consumer electronics OEMs as India’s premier EMS exporter and is among the most direct beneficiaries of India’s emergence as a global electronics manufacturing hub, with its smartphone and consumer electronics manufacturing capabilities positioned to capture an increasing share of global OEM export orders redirected from China.
10. Adani Wilmar Limited
Adani Wilmar, a joint venture between the Adani Group and Wilmar International, is cited among India’s most dynamic exporters in the food and edible oils category, with its Fortune brand edible oil and packaged food exports expanding into the UAE, Southeast Asia, and parts of Africa where its large-scale production and logistics capabilities through the Adani Group’s port network create structural export advantages. The company’s integration with Adani Ports provides one of India’s largest private port networks as a natural export logistics platform that competitors without port ownership cannot replicate.
Adani Wilmar serves the global edible oils and packaged food market with its Fortune-branded exports backed by Adani Group’s extraordinary port and logistics infrastructure, and is one of the few Indian FMCG companies whose export growth story is structurally reinforced by its parent conglomerate’s control over the port and logistics assets through which its products are shipped.
Frequently Asked Questions (FAQs)
Q: Which is the largest export company in India in 2026?
A: Reliance Industries is India’s largest merchandise exporter, contributing over 15 percent of India’s total exports with refined petroleum exports alone crossing USD 45 billion in 2025. For services exports, TCS leads with 97.1 percent of its Rs 1,78,650 crore FY2026 revenue coming from international markets. Gujarat and Maharashtra together account for approximately 45 percent of all Indian exports.
Q: What are India’s top exported products in 2026?
A: India’s top merchandise exports include petroleum products and refined fuels led by Reliance Industries, gems and jewellery led by Kiran Gems and Rajesh Exports, engineering goods and machinery, pharmaceuticals led by Sun Pharma, electronics growing at 33.6 percent year-on-year, textiles and readymade garments, automobiles and auto parts led by Maruti Suzuki and Tata Motors, and agricultural products including rice, spices, and processed foods.
Q: How much did India export in FY 2025-26?
A: India’s total merchandise and services exports in FY 2025-26 are estimated at approximately USD 820 billion. Non-petroleum exports for April to February 2026 reached USD 354.12 billion, up 5.03 percent year-on-year. Services exports for 2025-26 are estimated at USD 418.31 billion, reflecting 7.94 percent growth. India’s total exports in FY2024 were a record USD 778.2 billion, and the FY26 figures represent further growth from this high base.
Q: What is driving India’s electronics export growth?
A: Electronics exports are India’s fastest-growing export category at 33.6 percent growth from 2024 to 2025, driven primarily by the Apple iPhone manufacturing shift to India. India now manufactures 15 percent of global iPhones through Foxconn and Tata Electronics and is targeting 25 percent by FY28, which is expected to create USD 30 billion in annual electronics exports by FY30. PLI incentives for electronics manufacturing are the primary policy driver, reducing effective manufacturing costs and making India competitively priced for global OEM electronics orders.
Q: How is India’s pharmaceutical export sector performing?
A: India’s pharmaceutical exports are growing strongly with the sector being a top exporter globally in generics, APIs, and biosimilars. Sun Pharma leads with exports to 100 plus countries. The industry is shifting from volume to value by focusing on complex generics, anti-diabetic biosimilars, and advanced cancer therapies that command premium pricing in regulated markets. India supplies approximately 20 percent of the world’s generic drugs by volume and is a critical supplier to the US, European, African, and emerging market healthcare systems.
