Reliance Industries Tops Hurun’s List Of India’s Most Valuable Companies

Reliance Industries
Image Credit: Reliance Industries

Reliance Industries Tops Hurun’s List Of India’s Most Valuable Companies

December 3, 2022: RIL emerged as the leader outperforming others on key metrics of valuation, revenue and profitability.

The market valuation of Reliance Industries increased by 3.6 percent over last year to Rs. 17.2 lakh crore has happened.

Mukesh Ambani-led Reliance Industries Limited (RIL) has been named the most valuable company among India’s 500 most valuable companies, according to the 2022 Burgundy Private Hurun India 500 list.

Reliance Industries Limited (RIL) emerged as the leader outperforming others on key metrics of valuation, revenue and profitability. The market valuation of Reliance Industries increased by 3.6 percent over last year to Rs. 17.2 lakh crore has happened.

TCS took second place on the Hurun India 500 list, its valuation falling 10.8 percent to Rs. 11.6 lakh crores though.

Third on the list was HDFC Bank (with a value of Rs 8.3 lakh crore). Other IT services leader Infosys ranks fourth with a market capitalization of Rs 6.4 lakh crore. Private sector lender ICICI Bank raised Rs. With a value of 6.3 lakh crores, it ranks fifth in the list of most valuable companies.

The other five companies making their presence in the top 10 are Bharti Airtel (worth Rs 4.8 lakh crore), HDFC (worth Rs 4.4 lakh crore), ITC (worth Rs 4.3 lakh crore), Gautam Adani-led Adani Group Total Gas (worth Rs 4.3 lakh crore). Is included. Rs. 3.9 lakh crore) and Adani Enterprises (worth Rs. 3.8 lakh crore).

“The total value of the top 10 companies remained flat at INR 72.0 lakh crore (US$872bn), accounting for 37% of India’s GDP and 31% of the total value of the 2022 Burgundy Private Hurun India 500,” the report said.

The total value of the top ten most valuable Indian enterprises has increased by 262 percent over the past decade.

In unlisted category, Serum Institute of India Rs. became the most valuable unlisted company with a value of Rs 2.1 lakh crore, followed by Byju Raveendran and Divya Gokulnath led BYJU’S (valued at Rs 1.8 lakh crore) and the National Stock Exchange of India (valued at Rs 1.3 lakh crore).

Companies need to have a minimum valuation of INR 6,000 crore, equivalent to USD 725 million, to be included in the list.

Companies included in the list come from 36 cities in India, including Mumbai (159), Bengaluru (63) and New Delhi (42).

These three cities contributed more than half of the ‘2022 Burgundy Private Hurun India 500’ list. Compared to the 2021 Burgundy Private Hurun India 500, Mumbai lost eight companies to the list, while Bengaluru and New Delhi gained 11 companies each to the 2022 list.

The financial services sector emerged as the largest contributor to the 2022 list with 15 percent or 73 companies. The report also states that the companies have created included in the list in the last year.

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