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    Home » Finance » Indian Companies with Zero Debt but Thousands of Crores in Cash Reserves
    Finance

    Indian Companies with Zero Debt but Thousands of Crores in Cash Reserves

    By Virat VermaOctober 3, 2025
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    Indian Companies with Zero Debt but Thousands of Crores in Cash Reserves

    India’s aerospace and defence giant HAL tops the list with cash reserves of ₹38,182 crore, making it the company with the strongest liquidity position in the country.

    The world’s largest coal producer, Coal India, holds ₹34,215 crore in reserves, reflecting its financial strength.

    IT giant Infosys has cash reserves of ₹27,460 crore, securing its global projects and technology investments.

    Rapidly growing in the IT industry, HCL Tech stands at fourth place with ₹21,290 crore in reserves, showcasing its stable revenue and global reach.

    Mazagon Dock, engaged in shipbuilding and defence manufacturing, enters the top 5 with ₹16,150 crore in reserves.

    Also Read-: After 5,189 Visas Granted, Company Lays Off 16,000 Americans: Impact of H-1B Visa Decision Begins

    India’s largest IT company, TCS, has ₹15,500 crore in reserves, providing a strong base for its global operations and new projects.

    Pharmaceutical leader Sun Pharma maintains ₹11,331 crore in reserves, supporting its R&D and international expansion.

    A pioneer in defence electronics, BEL holds ₹9,545 crore in reserves, forming the backbone of its government and private projects.

    In the gas sector, Petronet secures its LNG projects with reserves worth ₹9,104 crore.

    Automobile company Hyundai holds ₹8,135 crore in reserves, enabling continued investments and expansion in the Indian market.

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