The study focused to analyse the effect of intellectual capital and its components ie. Human capital, Structural capital and Relational capital on the business performance and sustainable growth of the selected enterprises in India.To determine the value addition from this intellectual capital for these enterprises, this study analysed secondary data from a variety of sources, including the annual reports of these corporations and websites like money control. The Value added intellectual coefficient (VAIC) approach is used to measure intellectual capital and also this is taken as the independent variable. Business performance and sustainability growth rate were taken as the dependent variables. The indicator of business performance was highlighted using return on assets. Data analysis was done using the panel data regression to examine the effect of intellectual capital and its components on these enterprises' business performance.To determine if a fixed effect test or random effect test is necessary for the investigation, the Hausmen Test was used.The performance of intellectual capital and its components within the chosen enterprises was also examined using the one sample t test to see whether there were any differences. Thus the results highlights that the most important factor influencing the performance of Indian enterprises is discovered to be human capital and also the effects of physical capital, human capital, structural capital and relational capital are all favorable for business sustainable growth. Finally, a significant difference existed between the enterprises was highlighted from the one sample t test.