Reliance is India’s most valuable company. Check top 10 firms in Hurun India 500
Reliance Industries (RIL) is still at the top as India’s most valuable company for the fourth year straight, according to the latest Burgundy Private and Hurun India 500 list. Mukesh Ambani’s company is ahead of Tata Consultancy Services (TCS) and HDFC Bank.
The 2024 Burgundy Private Hurun India 500 report values Reliance at Rs 17.5 lakh crore. TCS comes in second at Rs 16.1 lakh crore, and HDFC Bank takes third place with Rs 14.2 lakh crore.
Reliance’s value jumped 12% in a year, while TCS shot up 30% and HDFC Bank climbed 26%. Motilal Oswal Financial Services was the biggest gainer on the list, rocketing 297% in value over a year. Inox Wind and Zepto also saw their values nearly triple.
Bharti Airtel made its way into the top five for the first time, jumping two spots as its value surged 75% to Rs 9.74 lakh crore. Meanwhile, the National Stock Exchange (NSE) broke into the top 10, now valued at Rs 4.7 lakh crore.
Among unlisted companies, NSE, Serum Institute of India, Zoho, Zerodha, Megha Engineering, Parle Products, Intas Pharma, Dream11, Razorpay, and Amalgamations topped the list.
The total value of the 2024 Burgundy Private Hurun India 500 companies stands at Rs 324 lakh crore (about $3.8 trillion). This is more than India’s GDP and even the combined economies of the UAE, Indonesia, and Spain.
The top 10 companies alone have a combined value bigger than Saudi Arabia’s GDP. These companies have done better than the stock market too, with the BSE Sensex rising 27% and the Nifty 50 climbing 30%, while the average growth for these firms was 40%.
TOP 10 MOST VALUABLE COMPANIES IN INDIA
Reliance Industries: Rs 17,52,650 crore
Tata Consultancy Services (TCS): Rs 16,10,800 crore
HDFC Bank: Rs 14,22,570 crore
Bharti Airtel: Rs 9,74,470 crore
ICICI Bank: Rs 9,30,720 crore
Infosys: Rs 7,99,400 crore
ITC: Rs 5,80,670 crore
Larsen & Toubro: Rs 5,42,770 crore
HCL Technologies: Rs 5,18,170 crore
National Stock Exchange (NSE): Rs 4,70,250 crore
KEY POINTERS FROM REPORT
Adani Ports & SEZ, part of billionaire Gautam Adani’s empire, was worth Rs 2,73,530 crore as of December 13. The whole Adani Group (9 listed firms) had a total value of Rs 13.40 lakh crore. Meanwhile, Ambani’s Reliance was valued at Rs 19.71 lakh crore.
Tata Sons, which has 15 companies under its umbrella, was the highest valued industrial group at Rs 32.27 lakh crore, making up 10% of the entire Hurun 500 list.
Motilal Oswal was the fastest-growing company this year, soaring 297% in value. Inox Wind and Zepto also saw massive gains.
The National Stock Exchange (NSE) is the highest-valued unlisted company, seeing a 201% surge in value to Rs 4.7 lakh crore in 2024.
Indian startups made a comeback this year, adding Rs 4.4 lakh crore in value, reversing last year’s Rs 4 lakh crore drop.
