“Cash is king” is an old expression and Indian companies seem to be following it to a tee. Sample this: 10 Indian companies are holding as much as Rs 2.34 lakh crore. The companies include Reliance Industries (RIL), Infosys, Coal India, Cairn India and ONGC, among others. Almost one-third the amount, or Rs 70,252 crore, is held by just one company — RIL. The amount is 19.5 per cent of the company’s annual revenue.