Indian Companies Listed In US Stock Market: Amazon, Coca-Cola, and HDFC Bank – These three companies have one thing in common. They’re all listed on the New York Stock Exchange. But how did an Indian company find its way to Wall Street? 

Indian companies are well known in the Indian markets among investors and traders. They’ve created immense value in terms of their share price for investors throughout the country. 

Did you know that we also have some Indian companies listed on the New York Stock Exchange as well? But how are these Indian companies listed in the US Stock Market?

Fun Fact – ICICI Bank was the first Indian company to be listed on the NYSE in 1999. (Source – NASDAQ)

Let’s take a quick look at the procedure of how Indian Companies are listed on foreign exchanges!

How Are Indian Companies Listed On Foreign Exchanges

When companies launch their Initial Public Offering (IPO), they go through lengthy compliance procedures with SEBI, before they’re allowed to issue shares on public exchanges such as NSE and BSE. 

After getting listed in domestic markets, companies start to look elsewhere, beyond borders to raise more capital. The central government allowed international listing for Indian companies, which lets them get listed directly on the US and European markets. This is done through American Depository Receipts (ADR). 

What Is An ADR?

An American Depository Receipt is a certificate issued by a US depository bank. The ADR represents a certain number of shares of a  foreign company. These ADRs are traded on the US markets similar to their domestic shares.

Some Well-Known Indian Companies Listed In US Stock Market

The following are some of the well-known Indian Companies Listed in US Stock Market. Let’s find out more about them.

1. HDFC Bank

The Housing Development Finance Corporation bank (HDFC Bank) is India’s largest private bank. They’re listed domestically on the NSE and BSE. Internationally, they are listed on the NYSE through a depository bank.

In the case of HDFC Bank, their depository bank is J P Morgan Chase Bank. HDFC bank has a ratio of 1 ADR : 3 Ordinary shares. This implies that 1 ADR of HDFC bank is equal to 3 shares of the bank. 

On the New York Stock Exchange, HDFC is trading at $60 dollars per piece. 

2. ICICI Bank

ICICI Bank is one of the largest private banks in India. According to NASDAQ, they were the first Indian company to issue ADRs on the NYSE, back in 1999. Similar to HDFC, they too are listed on NSE and BSE, before making it to Wall Street. 

At present, their ADR is trading at $21-22 dollars approximately.

3. Dr. Reddy’s Laboratories

Dr. Reddy’s Laboratories is an Indian Multinational pharma company, headquartered in Hyderabad, Telangana. The company went public in the US markets back in 2001 through ADRs. 

Soon after, they began European operations in 2002. They acquired two pharmaceutical companies in the United Kingdom – BMS Laboratories and Meridian UK. According to NASDAQ, the ADR is trading at $52-53 dollars. 

4. Infosys

Infosys is the 2nd largest  IT company in India, behind TCS. They have a global footprint in the IT sector and are one of the first Indian companies to be listed on the NASDAQ.

Over half of their revenue is from digital services and 43% is from core services, catering to a global clientele. The IT ADR is currently trading at $18 dollars approximately. 

5. Wipro

Wipro is one of the oldest listed companies on this list. They went public in 1946 and are listed on BSE and NSE. While Wipro is currently an IT company, its roots come from the manufacturing and refining of vegetable oil. 

Their American listing was much more recent – In October 2000 and it’s the US, ADR is trading at $4.5 dollars today. 

6. Tata Motors

The parent company of Jaguar-Land Rover, Tata Motors is one of the largest automobile manufacturers in India. They manufacture consumer vehicles as well as trucks and defence vehicles. 

The company went public on the NYSE in September 2004, with Ratan Tata ringing the opening bell of Wall Street. Currently, the ADR is trading at $24 dollars.

7. Make My Trip

Of all the Indian companies listed in the US stock market, Make My Trip is the only online travel company. The company was founded in 2000, a year after ICICI went public in the US.

It started operations in the USA, for NRIs travelling back to India. 5 years later in 2005, they set up operations in India. It went public on NASDAQ on September 17, 2011, and currently, its shares are trading at $28.7 dollars. 

Also Read: Is Swiggy Listed In Stock Market? Funding, IPO, and Acquisitions!


That’s all for this blog on Indian Companies Listed in US Stock Market! We’ve covered the well-known companies listed in the United States.

If you want to contribute more companies to this list, then drop a comment below and we’ll make sure to add it in the future. Happy Investing!

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