Mumbai Has Maximum Number Of Valuable Indian Companies; Reliance Is India’s Most Valuable Company (Hurun List)

Axis Bank’s Burgundy Private and Hurun India launched an update to the list of 500 most valuable private companies in India.

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The minimum valuation to make it into the top-500 valuation list was Rs 5,800 crore or $760 million.

Companies in the list came from 15 states led by Maharashtra. 

Mumbai alone is home to 159 of the companies, followed by Bengaluru at 59, Gurugram with 38 and Chennai with 36.

Reliance, TCS: Top Two

According to the list, Mukesh Ambani-led Reliance Industries Ltd is now India’s most valuable company with a value of Rs 18.9 lakh crore.

It is followed by Tata Consultancy Services (TCS) with ?12.9 lakh crore and HDFC Bank with Rs 7.7 lakh crore.

During the six-month period from October 2021 to April 2022, the value of Reliance Industries increased by 13.4% or Rs 2.2 lakh crore.

In the same period TCS’ value declined marginally by 0.9% and HDFC Bank declined by 15.2%.

Adani Group: Biggest Gainer

Adani group companies made the maximum gain and surpassed all others by a huge margin.

In just six months, Adani Green moved from 16th to 6th spot.

It gained 139% (Rs 2,62,238 crore) and reached a value of Rs 4,50,874 crore.

Adani Power reported growth of 157.8% (Rs 66,185 crore).

Adani Wilmar grew by 189.8% (Rs 66,427 crore) during the period.

The nine companies in the Adani Group have a combined value of ?17.6 lakh crore.

Together they constitute 7.6% of the total value of the 500 top companies on the list.

Startups

Coming to startups, four listed unicorns Nykaa, Zomato, Paytm and Policybazaar witnessed a massive decline in their valuation during 2021.

The value of the four declined by Rs 1,61,007 crore during the review period.

Paytm was the worst performer, having lost 63% ( Rs 63,666 crore) to touch a value of Rs 37,724 crore

The only unicorn making it to the list was Delhivery, who performed well during the period and gained 65% ( Rs 14,495 crore) to touch a value of ?37,095 crore.

Sector-Wise Contribution

The total value of the top 10 companies remains flat at Rs 71.8 lakh crore ($940 billion), equivalent to 37% of India’s GDP and 31% of the total value of the India 500 list.

The Financial Services category is the biggest contributor in the India 500 list, with more than one-fifth of the cumulative value of the list.

81 companies on the list belong to this sector. 

It is followed by Software & Services (14%) and Healthcare (7.2%).

55 companies on the list belong to the Healthcare vertical.

Chemicals contribute with 41 companies and Software & Services with 35 

The Top 5 industries made up nearly half of the list,” the report said.

Value And Worth

Anas Rahman Junaid MD and Chief Researcher, Hurun India said that value is the best way to gauge a company’s performance.

This is because value encompasses not just the current performance of a company but also its future potential.

The most highly valued firms represent the biggest opportunity for tax revenues, quality employment, and industry leadership.

Resilient Economy

He also praised Indian companies for having perform better than their global counterparts despite many challenges.

Some of them have been rising oil and commodity prices as a consequence of the Russia-Ukraine conflict and an interest rate reversal cycle.

This is a show of the inherent strength and depth of the Indian economy, he said.