One American company is now worth almost as much as every company on India's stock market combined. All five thousand of them. It is Google, and the $80 billion it just raised is the part Uday Kotak is calling a wake-up call for India.
His numbers hold up. Over the past year Google made about $160 billion in profit, which is about what all of India's listed companies earn between them. It is worth around $4.5 trillion. One firm in California, about the size of an entire country's stock market.
Google is selling brand-new shares to cover this, even though it sits on one of the largest piles of cash on earth. Issuing new stock leaves everyone who already owns Google with a slightly smaller slice of it, an odd move for a company this rich. One of the buyers is Warren Buffett. For twenty years he called Google the one that got away. His own insurance company, Geico, was one of its earliest advertisers, and he still never bought the stock. His firm, Berkshire Hathaway, only started buying in late 2025, and it is now adding another $10 billion. About $30 billion of the $80 billion goes somewhere dull: covering the tax bill on shares Google hands its own staff.
The profit is flattering too. Google's latest quarter showed $62 billion, but close to $29 billion of that was paper gains, profit it made only on paper because companies it has invested in, like the AI firm Anthropic, shot up in value. Nothing was actually sold. Strip those gains out and Google's core search and cloud business earned about what it usually does. The company is quietly cashing in on the same AI boom it is spending a fortune to win.
And the raise is the small number here. Google will spend around $185 billion this year on the data centers behind its AI, more than every listed Indian company earns in a year, and it has told investors 2027 will be bigger still. That is the size of the future Kotak wants Indian companies to start building toward.
Google which is cash surplus, just announced an additional capital raise of $80 bn.
Google annual profit is $160 bn, last quarter $62 bn, and market cap $4.5 trillion. That is close to total profits and market cap of all Indian listed companies put together.
It’s a wake up call to all companies to invest into the future, whatever the present maybe.
Now that IPL is done and dusted, time for India to focus on business of business.