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% 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 in the company, apart from its 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 370,249 Cr.

According to the latest shareholding pattern of ITC of Dec 2022, the Public owns a 14.78% stake in this company, FII owns 42.99%, and the remaining 42.23% stakes are held by DII including mutual fund houses, insurance, and other domestic financial institutions.

2) Yes Bank

Yes Bank Stock is a large-cap stock in the Private Banking Sector in India with a market cap of over Rs 35,802 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 Dec 2022, the Public owns a 38.55% stake in this company, FII owns 23.24%, and the remaining 38.21% stakes are held by DII including mutual fund houses, insurances, and other domestic financial institutions.

3) ICICI Bank

ICICI Bank stock is a large-cap stock in the Private Banking sector in India with a market cap of Rs 547,067 Cr

According to the latest shareholding pattern of ICICI Bank of Dec 2022, the Public owns 10.47%, FII owns 45.09%, and the remaining 44.44% stakes are held by DII including mutual fund houses, insurance, and other domestic financial institutions.

4) Larsen & Toubro Ltd (L&T)

Larsen & Toubro Ltd (L&T) Stock is a large-cap stock in the Construction/ Engineering sector in India with a market cap of Rs 248,030 Cr. It was founded by two Danish engineers taking refuge in India in 1938.

According to the latest shareholding pattern of L&T of Dec 2022, the Public owns a 36.69% stake in this company, FII owns 23.24%, and the remaining 40.07% stakes are held by DII including mutual fund houses, insurance, and other domestic financial institutions.

5) IDFC Ltd

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 8,717 Cr

According to the latest shareholding pattern of IDFC Ltd of Dec 2022, the Public owns a 28.36% stake in this company, Government owns 16.35%, FII owns 21.45%, and the remaining 33.84% stakes are held by DII including mutual fund houses, insurance, and other domestic financial institutions.

6) Ujjivan Financial Services Ltd

Ujjivan Financial Services Ltd stock is a smallcap stock in the Finance term lending sector in India with a market cap of over Rs 1,898 Cr.

According to the latest shareholding pattern of Ujjivan of Dec 2022, the Public owns a 66.99% stake in this company, FII owns 31.82%, and the remaining 1.19% stakes are held by DII including mutual fund houses, insurance, and other domestic financial institutions.

7) Federal Bank

The Federal Bank Stock is a midcap stock in the Private Banking sector in India with a market cap of Rs 22,562 Cr.

According to the latest shareholding pattern of Federal Bank of Dec 2022, the Public owns a 29.97% stake in this company, FII owns 27.71%, and the remaining 42.32% stakes are held by DII including mutual fund houses, insurances, and other domestic financial institutions.

8) UTI Asset Management Company Ltd

UTI AMC Stock is a midcap stock in the Asset Management and finance sector in India with a market cap of Rs 8,778 Cr.

According to the latest shareholding pattern of UTI AMC of Dec 2022, the Public owns a 33.75% stake in this company, FII owns 6.26%, and the remaining 59.99% 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.

Kritesh Abhishek

Kritesh (Tweet here) is the Founder & CEO of Trade Brains & FinGrad. He is an NSE Certified Equity Fundamental Analyst with +7 Years of Experience in Share Market Investing. Kritesh frequently writes about Share Market Investing and IPOs and publishes his personal insights on the market.