Mukesh Ambani’s RIL Tops Hurun’s List of India’s Most Valuable Listed Companies, Adar Poonawalla’s Serum Institute Leads Unlisted Sector

According to the latest report by Burgundy Private Hurun, Reliance Industries Limited (RIL), under the leadership of Mukesh Ambani, has secured the top spot as India’s most valuable private sector company. The renowned Serum Institute of India (SII), led by Adar Poonawalla and recognized for its remarkable contributions in the field of Covid-19 vaccines, has emerged as the country’s most valuable unlisted company, boasting a valuation of ₹1.92 lakh crore.

The report, which covers the period from October 30, 2022, to April 30, 2023, reveals that the top 10 companies in India collectively hold an astounding ₹71.5 lakh crore, accounting for approximately 37% of the country’s GDP. Notably, seven out of these ten companies have their headquarters based in Mumbai.

With these significant developments in the Indian business landscape, RIL’s exceptional performance and market value reaffirm its position as a key player in the private sector. Meanwhile, SII’s pioneering efforts in combating the global pandemic have elevated its status and valuation in the unlisted company segment.

The Hurun India 500-Special report serves as a comprehensive assessment of the Indian corporate sector, shedding light on the financial strength and market dominance of the nation’s most prominent companies.

Key highlights from the Hurun report include:

The Serum Institute of India has surpassed the National Stock Exchange to claim the title of India’s most valuable unlisted company. The institute’s valuation stands at ₹1.92 lakh crore, reflecting its crucial contributions to public health and vaccination efforts.

The 2022 Burgundy Private Hurun India 500 report highlights significant growth in companies such as Jindal Stainless, Lloyds Metals and Energy, and Finolex Cables.

The Financial Services and Healthcare sectors dominate the Burgundy Private Hurun India 500, with 72 and 60 companies, respectively. These sectors play a crucial role in driving India’s economic growth and development.

Financial Services, Software & Services, and Healthcare are the key contributors to the overall value of the Burgundy Private Hurun India 500, demonstrating their significant impact on the Indian economy.

Top 10 Companies

Rank	Company	Value (INR Cr)	Change (%)	Headquarters	CEO
1	Reliance Industries	16,37,327	-5.1%	Mumbai	Mukesh Ambani
2	Tata Consultancy Services	11,76,385	0.7%	Mumbai	Rajesh Gopinath
3	HDFC Bank	9,41,386	12.9%	Mumbai	Sashidhar Jagdishan
4	ICICI Bank	6,41,930	1.4%	Mumbai	Sandeep Bakhshi
5	ITC	5,29,682	22.5%	Kolkota	Sanjiv Puri
6	Infosys	5,19,794	-19.7%	Bengaluru	Salil Parekh
7	Housing Development Finance Corporation	5,08,172	13.2%	Mumbai	Keki M Mistry
8	Bharti Airtel	4,76,737	-2.6%	Gurugram	Gopal Vittal
9	Kotak Mahindra Bank	3,84,001	1.7%	Mumbai	Uday Kotak

10

Larsen & Toubro

3,31,694

16.7%

Mumbai

SN Subrahmanyan

 

Top 10 unlisted companies

Rank                            Company             Value (INR Cr)        Change (%)         Headquarters              CEO

1	Serum Institute of India	1,92,000	-12.6%	Pune	Adar Poonawalla
2	National Stock Exchange of India	1,65,300	18.7%	Mumbai	Ashishkumar Chauhan
3	BYJU’S	69,100	-62.1%	Bengaluru	Byju Raveendran
4	Dream 11	65,800	-0.6%	Mumbai	Harsh Jain
5	Razorpay	61,700	-0.6%	Bengaluru	Harshil Mathur
6	Swiggy	58,400	-34.1%	Bengaluru	Sriharsha Majety
7	Intas Pharmaceuticals	58,000	-2.2%	Ahmedabad	Nimish Chudgar
8	Megha Engineering and Infrastructure	54,500	-1.4%	Hyderabad	P.V. Krishna Reddy
9	Parle Products	54,300	-13.3%	Mumbai	Vijay Kantilal Chauhan
10	Mankind Pharma	53,438	7.7%	New Delhi	Rajeev Junaija

 

According to Anas Rahman Junaid, the managing director and chief researcher at Hurun India, the latest findings reflect a unique set of circumstances. The ongoing Russia-Ukraine conflict has led to a surge in global inflationary pressures, and central banks have responded by increasing key lending rates. Additionally, startups are facing challenges in securing funding during the winter period.

In light of these challenging times, the companies featured in the Burgundy Private Hurun India 500 report have experienced a modest decline of 6.4% over the past six months.

It is noteworthy that during this period, the performance of these companies has lagged behind major indices such as SENSEX and NASDAQ. While the SENSEX remained relatively flat, the NASDAQ witnessed an impressive 11% increase from October 30, 2022, to April 30, 2023.

Anas Rahman Junaid further emphasizes that the narratives of these companies reflect the essence of the modern Indian economy. Despite the recent challenges, these companies continue to shape and contribute to the dynamic landscape of India’s business sector.

Latest Headlines Created By These Companies 

1 Reliance Industries:  

• Reliance may earn $10-15 billion in revenue from new energy biz by 2030.
• Reliance in talks with lenders for $2 billion loan to fuel expansion.
• Reliance Industries climbs 8 spots on Forbes’ Global 2000 list to 45th rank.

2. TCS 

• Transamerica scraps rest of $2 billion IT deal with TCS
• The end of remote work pushes women out of IT giant TCS
• TCS beats Q4 profit view as deal momentum intact

3. HDFC Bank 

• HDFC gets CCI nod to hold over 50% stake in HDFC Life
• HDFC-HDFC Bank merger will close soon, creating $168 billion bank

• HDFC Bank to keep home loans as focus of growth strategy post-merger

4. Byju’s 

• Byju’s employee asked to resign immediately despite working 24×7
• Byju’s employees handed pink slips as tensions with lenders rise
• Byju’s lenders dismiss one-on-one talks as they demand for group discussion

5. Swiggy 

• Baron Capital slashes Swiggy’s valuation yet again to $6.38 billion 
• In March, Swiggy’s food-delivery biz turned profitable 
• Food-delivery Swiggy clock only 7% growth in biz during IPL