Indian Stocks Listed In US Markets

What Are US-Listed Indian Stocks??

US-listed Indian stocks are shares of Indian companies traded on U.S. stock exchanges like NYSE and NASDAQ, often through American Depository Receipts (ADRs). These stocks provide U.S. investors access to Indian businesses such as HDFC Bank, Infosys, and Tata Motors, spanning industries like banking, IT, and automotive, enabling global exposure to India’s growing economy.

Introduction to Indian Companies Listed In US Stock Market

MakeMyTrip 

MakeMyTrip is a leading online travel company founded in 2000, and headquartered in Gurugram, India. The platform provides comprehensive travel services, including domestic and international flight bookings, hotel reservations, holiday packages, and car rentals. It caters to both leisure and business travelers, offering convenience through its website and mobile app. 

MakeMyTrip is known for its user-friendly interface, competitive pricing, and vast network of partners in the travel and hospitality industry. The company is listed on NASDAQ under the ticker symbol MMYT, reflecting its global presence and appeal. MakeMyTrip continues to innovate, shaping India’s online travel landscape with its dynamic offerings.

• Market Cap: $12.33B
• 1 Year: 147.30%
• 3 Years: 332.59%

ICICI Bank ADR

ICICI Bank, one of India’s largest private sector banks, offers American Depositary Receipts (ADRs) on the NYSE under the ticker symbol “IBN.” Established in 1994, the bank provides a wide range of financial services, including retail banking, corporate banking, investment banking, and insurance. Its ADR listing enables global investors to access India’s expanding banking sector. 

ICICI Bank is known for its technological innovation, strong customer base, and extensive network in India and abroad. The ADRs provide a convenient way for U.S. investors to participate in India’s economic growth while benefiting from the bank’s solid financial performance and market presence.

• Market Cap: $1.03B
• 1 Year: 21.99%
• 3 Years: 33.84%

Dr. Reddy’s Labs ADR

Dr. Reddy’s Laboratories, a leading Indian multinational pharmaceutical company, is listed on the NYSE through American Depositary Receipts (ADRs) under the ticker symbol “RDY.” Founded in 1984, the company focuses on providing affordable and innovative medicines across therapeutic areas such as oncology, cardiovascular, and dermatology. 

Its ADRs allow global investors to access India’s pharmaceutical growth, driven by exports and robust R&D capabilities. Dr. Reddy’s is recognized for its strong portfolio of generic drugs, biosimilars, and proprietary medicines. The ADR listing enhances the company’s global presence, offering U.S. investors a stake in a rapidly expanding healthcare market.

• Market Cap: $132.44M
• 1 Year: 13.20%
• 3 Years: 24.19%

Lytus Technologies Holdings Ptv

Lytus Technologies Holdings PTV is a global platform services company based in India, focusing on content streaming and telemedicine. Listed on NASDAQ under the ticker symbol “LYT,” it provides innovative solutions combining media and healthcare services. 

Lytus leverages its subscription-based model to offer integrated internet and content services to millions of customers. The company’s unique approach to bundling content and healthcare access positions it as a pioneer in emerging markets. Through its U.S. listing, Lytus enables global investors to participate in the digital transformation of essential services in India and other rapidly growing economies.

• Market Cap: $1.4M
• 1 Year: -88.53% 

Roadzen

Roadzen is a global leader in AI-driven mobility and insurance technology solutions. Headquartered in India, it offers innovative services like on-demand roadside assistance, usage-based insurance, and vehicle telematics. 

The company is listed on NASDAQ under the ticker symbol “RZN,” providing investors access to its cutting-edge platform that combines artificial intelligence, machine learning, and data analytics to enhance mobility services and insurance processes. Roadzen operates across multiple countries, targeting the growing demand for smart transportation solutions and digital insurance.    

• Market Cap: $127.3M
• 1 Year: -62.58%

Reliance Industries Ltd

Reliance Industries Ltd (RIL) is India’s largest conglomerate, with diversified businesses across energy, petrochemicals, retail, telecommunications, and digital services. Founded by Dhirubhai Ambani in 1966, Reliance is headquartered in Mumbai, India, and is listed on the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE). 

Its flagship business includes refining and petrochemicals, but recent growth focuses on retail and Jio, its telecom and digital platform. RIL is not directly listed on U.S. stock exchanges but is accessible to global investors through mutual funds or ETFs. It is renowned for innovation, market leadership, and its significant contribution to India’s economic growth. 

• Market Cap: $181.32B
• 1 Year: -3.39%
• 3 Years: -1.38%

Infosys ADR

Infosys Ltd., a global leader in IT services and consulting, is listed on the NYSE through American Depositary Receipts (ADRs) under the ticker symbol “INFY.” Founded in 1981 and headquartered in Bengaluru, India, Infosys provides services such as digital transformation, cloud computing, AI, and software development. 

Its ADRs offer U.S. investors exposure to India’s dynamic technology sector. Known for its innovation and strong corporate governance, Infosys serves clients across industries globally, enabling digital solutions for businesses. The ADR listing has helped Infosys attract international investors, reflecting its status as a key player in India’s IT growth story.

• Market Cap: $935.82M
• 1 Year: 0.27%
• 3 Years: -8.03%

HDFC Bank ADR

HDFC Bank, India’s largest private sector bank, is listed on the NYSE through American Depositary Receipts (ADRs) under the ticker symbol “HDB.” Established in 1994 and headquartered in Mumbai, the bank offers a comprehensive range of financial services, including retail banking, wholesale banking, and treasury operations. 

HDFC Bank is renowned for its robust financial performance, extensive branch network, and customer-centric digital innovations. Its ADRs provide U.S. investors with access to India’s rapidly growing banking sector and economy. Known for its stability and growth, HDFC Bank continues to play a pivotal role in India’s financial system.

• Market Cap: $1.5B
• 1 Year: -7.61%
• 3 Years: -15.35%

Wipro ADR

Wipro Ltd., a leading global IT services and consulting company, is listed on the NYSE through American Depositary Receipts (ADRs) under the ticker symbol “WIT.” Founded in 1945 and headquartered in Bengaluru, India, Wipro provides solutions in cloud computing, AI, cybersecurity, and business process services.

Its ADRs allow U.S. investors to participate in India’s thriving technology sector. Wipro is known for its client-centric approach, innovative technology solutions, and strong corporate governance. The ADR listing enhances its global reach and offers international investors access to its growth driven by digital transformation and emerging technologies across industries worldwide.

• Market Cap: $359.14M
• 1 Year: 0.30%
• 3 Years: -25.08%

Yatra Online

Yatra Online is one of India’s leading online travel companies, providing a comprehensive platform for booking flights, hotels, holiday packages, and other travel-related services. Established in 2006 and headquartered in Gurugram, India, Yatra is listed on NASDAQ under the ticker symbol “YTRA”.

It caters to both individual travelers and corporate clients, offering a seamless digital experience through its website and mobile app. Known for its wide network of partnerships and cost-effective travel solutions, Yatra Online is a key player in India’s travel industry. Its NASDAQ listing provides global investors access to India’s booming travel and tourism market.

• Market Cap: $69.28M
• 1 Year: -29.04%
• 3 Years: -30.29%

Performance of Indian Stocks in US Markets

The table below displays the performance of Indian Stocks in the US market based on 3-year returns.

Reasons for Indian Companies Listing in US Markets

Indian companies often list in U.S. markets to access a broader investor base, raise capital efficiently, and enhance their global visibility. This strategy helps them diversify funding sources and establish credibility among international investors.

1. Access to Capital: U.S. markets provide Indian companies with a vast pool of investors, enabling them to raise substantial funds for expansion, research, and operations compared to domestic markets.
2. Enhanced Credibility: Listing in U.S. markets boosts a company’s reputation, showcasing adherence to strict regulatory standards and instilling confidence among global investors and partners.
3. Market Diversification: By listing abroad, companies reduce dependence on local markets and mitigate risks from domestic economic fluctuations, ensuring a stable investment inflow.
4. Global Investor Base: U.S. exchanges attract diverse global investors, providing Indian companies with access to institutional and retail investors worldwide, boosting share liquidity and valuation.
5. Technology Sector Appeal: Many Indian IT companies list in the U.S. to align with the tech-driven investor mindset and capitalize on the demand for emerging market technology growth stories.

Benefits of Investing in Indian Stocks Listed in the US

Investing in Indian stocks listed in the U.S. offers exposure to one of the fastest-growing economies, allowing diversification of portfolios with high-growth potential and access to globally recognized Indian companies.

1. Global Access to Indian Growth: Investors can tap into India’s rapidly expanding economy and high-growth industries through U.S.-listed stocks, benefiting from India’s increasing global prominence and domestic market expansion.
2. Diversification Opportunities: U.S. investors gain exposure to emerging markets without needing to navigate local stock exchanges, enabling portfolio diversification with reduced geographical investment risk.
3. High Liquidity and Transparency: U.S. exchanges offer high liquidity and enforce strict regulatory compliance, ensuring secure and transparent transactions for investors.
4. Convenient Investment Options: Investors can easily purchase ADRs of Indian companies, bypassing the complexities of foreign exchange and direct international stock trading.
5. Access to Leading Indian Brands: Investing in U.S.-listed Indian stocks provides exposure to top companies like Infosys and Tata Motors, renowned for their innovation and global presence.

Indian Stocks Vs US Stocks

Indian and U.S. stocks differ in terms of market size, growth potential, risk factors, and investor profiles. These distinctions make them unique for portfolio diversification, depending on an investor’s goals and risk appetite.

Indian and U.S. stocks differ in market maturity, growth dynamics, and investment opportunities. While Indian stocks represent an emerging market with higher risks and growth potential, U.S. stocks offer stability and global leadership, appealing to diversified investors.

1. Market Growth Potential: Indian stocks thrive in a rapidly growing economy with young demographics and evolving industries. U.S. stocks, from a mature market, emphasize consistent growth through innovation and global dominance.
2. Risk and Stability: Indian stocks experience volatility due to local economic and political factors. U.S. stocks are relatively stable but can face global macroeconomic risks such as inflation and interest rate fluctuations.
3. Liquidity and Accessibility: U.S. markets are highly liquid and accessible globally. Indian markets, while smaller, offer increasing accessibility through ADRs and international trading platforms.
4. Valuation and Returns: Indian stocks often present high growth but can be overvalued in certain sectors. U.S. stocks, particularly in technology, provide stable and competitive returns with a focus on innovation.
5. Diversification: Investing in Indian stocks offers exposure to emerging market growth. U.S. stocks allow diversification into a stable, innovation-led economy with opportunities in sectors like healthcare, tech, and finance.

How to Invest in Indian Stocks Listed in the US?

Investing in Indian stocks listed in the U.S. is a straightforward process involving American Depository Receipts (ADRs) or international trading platforms. These steps help investors gain exposure to Indian companies globally.

1. Research ADRs: Identify Indian companies listed on U.S. stock exchanges, such as Infosys or HDFC Bank, through ADRs. Research their financial performance, sector trends, and market potential before investing.
2. Open a U.S. Brokerage Account: Select a U.S.-based brokerage that supports ADRs or global investments. Examples include Robinhood, Charles Schwab, and TD Ameritrade.
3. Evaluate Investment Options: Assess the ADRs’ trading volume, liquidity, and fees associated with holding foreign stocks. Diversify investments across industries for balanced risk.
4. Monitor Market News: Stay updated on Indian economic policies, global events, and sector-specific developments that can influence stock performance and valuations.
5. Understand Currency Risks: Factor in currency exchange rates, as they affect ADR prices. A strong or weak Indian Rupee can influence returns when investing in Indian companies.
6. Long-term Perspective: Indian stocks may be volatile, so focus on long-term growth potential, leveraging India’s economic expansion and rising global presence for robust returns.

Tax Implications for US and Indian Investors

Tax implications for U.S. and Indian investors differ based on tax treaties, residency, and the location of listed stocks. Understanding these rules ensures compliance and efficient tax planning for returns and dividends.

1. For U.S. Investors in Indian ADRs: Dividends from Indian stocks listed in the U.S. may be subject to a 25% withholding tax in India, reduced to 15% under the India-U.S. tax treaty. Capital gains are taxed in the U.S.
2. For Indian Investors in U.S. Stocks: Indian residents investing in U.S. stocks are taxed on global income. Dividend income from U.S. stocks is taxed at a flat 25% withholding tax in the U.S., with applicable credits in India.
3. Double Taxation Relief: Both countries have a tax treaty to avoid double taxation. Investors can claim foreign tax credits on taxes paid abroad when filing returns in their home country.
4. Capital Gains for U.S. Investors: Long-term gains on ADRs held for more than a year are taxed at a reduced rate in the U.S., while short-term gains are taxed as ordinary income.

Future Outlook for Indian Stocks in the US Market

The future outlook for Indian stocks in the U.S. market remains promising, driven by India’s strong economic growth, expanding middle class, and global demand for technology and financial services. Sectors like IT, renewable energy, and pharmaceuticals are key contributors, attracting U.S. investors through ADRs.

Enhanced regulatory reforms in India and increasing ease of doing business further boost investor confidence. However, geopolitical factors, currency fluctuations, and inflation risks require vigilance. As India continues to play a pivotal role in global supply chains, its companies listed in U.S. markets are poised to deliver long-term growth and diversification opportunities for international investors.

Indian Companies on The US Stock Market – Quick Summary

Several prominent Indian companies are listed on U.S. stock exchanges through American Depository Receipts (ADRs) or direct listings. These include Infosys, HDFC Bank, ICICI Bank, Wipro, Tata Motors, and Dr. Reddy’s Laboratories. Such listings provide U.S. investors access to India’s growing economy, focusing on sectors like IT, banking, pharmaceuticals, and renewable energy. 

The listings offer global visibility for Indian companies and diversification opportunities for international investors. However, currency risks, market volatility, and taxation policies influence investment outcomes. Overall, these companies represent India’s dynamic growth potential on a global scale. 

Indian Stocks Listed In US Markets – FAQs  

Disclaimer: The above article is written for educational purposes, and the companies’ data mentioned in the article may change with respect to time The securities quoted are exemplary and are not recommendatory.