Wednesday, February 28, 2024

    From Mukesh Ambani-Led Reliance Industries To TCS, Here Are The Top 10 Most Valuable Private Companies In India


    Reliance Industries Limited (RIL), headed by Mukesh Ambani, has emerged as the most valuable private sector company in India, according to the ‘2022 Burgundy Private Hurun India 500’ report released by Hurun India. With a value of Rs 16.3 lakh crore, RIL has secured the top position on the list. The report highlights the rankings of the top 500 companies in India based on their market value.

    Following RIL, Tata Consultancy Services (TCS) holds the second position with a value of Rs 11.8 lakh crore, while HDFC Bank comes in third with a value of Rs 9.4 lakh crore. In the previous year’s rankings, RIL, TCS, and HDFC Bank also secured the top three spots, with values of Rs 17.3 lakh crore, Rs 11.6 lakh crore, and Rs 8.3 lakh crore, respectively.

    Among the top gainers in terms of absolute value were HDFC Bank, ITC, and Housing Development Finance Corporation. However, the Adani Group faced a significant decline in value due to the Hindenburg report, with eight companies experiencing a 52% decrease in value, amounting to Rs 10,25,955 crore. The combined value of Adani Group companies now stands at Rs 9.5 lakh crore, accounting for 4.5% of the total value of the top 500 companies.

    The overall value of the top 500 companies in India decreased marginally by 6.4% from Rs 227 lakh crore to Rs 212 lakh crore between October 30, 2022, and April 30, 2023, as per the report’s findings. During this period, the value of Reliance Industries declined by 5.1% (Rs 87,731 crore), while TCS witnessed a marginal increase of 0.7% and HDFC Bank recorded a growth of 12.9%.

    The report highlights that the total value of the top 10 companies remained steady at Rs 71.4 lakh crore, equivalent to 37% of India’s GDP and 34% of the total value of the 2022 Burgundy Private Hurun India 500. Seven out of the top 10 companies are headquartered in Mumbai.

    In terms of percentage growth, Jindal Stainless emerged as the top gainer with a remarkable 213% increase, followed by Lloyds Metals and Energy with a growth of 93%.

    During the review period, Gautam Adani-led Adani Enterprises and Adani Total Gas dropped out of the top 10 rankings. Adani Total Gas witnessed a decline of 73.8% in value (Rs 2,92,511 crore), while Adani Transmission and Adani Green Energy recorded declines of 69.2% (Rs 2,58,493 crore) and 54.7% (Rs 1,82,306 crore), respectively.

    The ‘2022 Burgundy Private Hurun India 500’ report showcases the performance and market values of India’s leading private companies. Despite facing challenges, the companies listed in the report demonstrated resilience and contributed significantly to India’s economy.

    Neha Raj
    Neha uses his broad range of knowledge to help explain the latest gadgets and if they’re a must-buy or a fad fueled by hype. Though her specialty is writing about everything going on in the world of virtual reality and augmented reality.



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