Not really, Tata, Ambani, Birla, adani , azeem premji group ( wipro) , godrej , jindal, Mittal , kalyani ( a niche company, aaj kal ye log artillery bNate hai boht types ki )All of that power in the hands of a few conglomerates is dangerous to say the least. Unlike India, the US has far more conglomerates competing against each other, this allows for significant freedom in the market. However, this isn't the case in India.
Plus presence of large foreign companies like , Microsoft, Accenture, capegemini , Google, twitter, facebook and others.
Then there are a large no of quite successful startups .
This thing might interst you