List of top Companies with Zero Promoter Holding in India: A high holding on promoters is generally considered a good symbol as it shows the confidence of the founders in their own company.

You might be aware of companies like WIPRO, where Ajim Premji Group holds a 73.02% stake in the company or Avenue Supermart where RK Damani and other promoters hold a 74.99% stake in the company. This high percentage of shareholding acts as additional confidence towards the company, apart from their excellent business model and strong balance sheet.

However, there is a lot of big and popular company in India where the promoters hold zero percentage. Yes, these companies have zero stakes with no promoter and are owned or managed by professionals. Today, we take a look at the top Companies with Zero Promoter Holding in India. Keep reading.

Top Companies with Zero Promoter Holding in India!

Here is the list of top Companies with Zero Promoter Holding in India and their shareholding pattern distribution among PUBLIC, FII (Foreign Institutional Investors), and DII (Domestic Institutional Investors):

1) ITC

ITC ltd stock is a large-cap stock in the Cigarette/Tobacco and FMCG sector in India with a market cap of Rs 255,962 Cr.

According to the latest shareholding pattern of ITC of March’21, Public owns 44.71% stake in this company, FII owns 12.79%, and the remaining 42.50% stakes are held by DII including mutual fund houses, insurances, and other domestic financial institutions.


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2) Yes Bank

yes bank logo

Yes Bank Stock is a large-cap stock in the Private Banking Sector in India with a market cap of over Rs 36,154.23 Cr. Kapoor, with his brother-in-law Ashok Kapur and others, set up Yes Bank in 2003, holding 26 percent in the bank. All the promoters have currently exited the stocks of Yes Bank.

According to the latest shareholding pattern of Yes Bank of March’21, Public owns 39.52% stake in this company, FII owns 13.77%, and the remaining 46.71% stakes are held by DII including mutual fund houses, insurances, and other domestic financial institutions.

3) HDFC

HDFC Logo

Housing Development Finance Corporation (HDFC) stock is a large-cap stock in the Housing Finance sector in India with a market cap of Rs 4,62,006.06 Cr.

According to the latest shareholding pattern of HDFC of March’21, Public owns a 10.88% stake in this company, FII owns 72.78%, and the remaining 16.34% stakes are held by DII including mutual fund houses, insurances, and other domestic financial institutions.

4) ICICI Bank

icici bank logo

ICICI Bank stock is a large-cap stock in the Private Banking sector in India with a market cap of Rs 440,079.54 Cr

According to the latest shareholding pattern of ICICI Bank of March’21, Public owns a 10.06% stake in this company, FII owns 47.78%, and the remaining 42.16% stakes are held by DII including mutual fund houses, insurances, and other domestic financial institutions.

5) Larsen & Toubro Ltd (L&T)

Larsen and turbo LT logo

Larsen & Toubro Ltd (L&T) Stock is a large-cap stock in the Construction/ Engineering sector in India with a market cap of Rs 211,077.00 Cr. It was founded by two Danish engineers taking refuge in India in 1938.

Zerodha demat account

According to the latest shareholding pattern of L&T of March’21, Public owns 44.29% stake in this company, FII owns 22.02%, and the remaining 33.69% stakes are held by DII including mutual fund houses, insurances, and other domestic financial institutions.

6) IDFC Ltd

idfc ltd logo

Infrastructure Development Finance Company Limited, more commonly known as IDFC, is a finance company based in India. IDFC Ltd Stock is a midcap stock in the NBFC Finance sector in India with a market cap of Rs 9,051.52 Cr

According to the latest shareholding pattern of IDFC Ltd of March’21, Public owns a 50.87% stake in this company, FII owns 24.80%, and the remaining 24.33% stakes are held by DII including mutual fund houses, insurances, and other domestic financial institutions.

7) Ujjivan Financial Services Ltd

ujjivan small finance logo

Ujjivan Financial Services Ltd stock is a smallcap stock in the Finance term lending sector in India with a market cap of over Rs 2,712.44 Cr.

According to the latest shareholding pattern of Ujjivan of March’21, Public owns 57.07% stake in this company, FII owns 23.61%, and the remaining 19.32% stakes are held by DII including mutual fund houses, insurances, and other domestic financial institutions.

8) Federal Bank

federal bank logo

The Federal Bank Stock is a midcap stock in the Private Banking sector in India with a market cap of Rs 17,168.04 Cr.

According to the latest shareholding pattern of Federal Bank of March’21, Public owns 32.20% stake in this company, FII owns 24.51%, and the remaining 43.29% stakes are held by DII including mutual fund houses, insurances, and other domestic financial institutions.

9) UTI Asset Management Company Ltd

uti amc logo

UTI AMC Stock is a midcap stock in the Asset Management and finance sector in India with a market cap of Rs 10,168.34 Cr.

According to the latest shareholding pattern of UTI AMC of March’21, Public owns an 8.95% stake in this company, FII owns 5.36%, and the remaining 85.69% stakes are held by DII including mutual fund houses, insurances, and other domestic financial institutions.

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That’s all for this list of top Companies with Zero Promoter Holding in India. I hope it was useful to you.

Further, you can look into the Nifty MNC companies list to find the list of other popular Indian companies where foreign shareholding is greater than 50% and where the management control is vested in the foreign company.