The “2022 Burgundy Private Hurun India 500,” the second edition of the list that ranks the 500 most valuable firms in India, was published by Burgundy Private, Axis Bank’s Private Banking Business, and Hurun India.
- The cut-off date for this list was October 30, 2022.
According to the list, Reliance Industries Limited (RIL) is the most valuable listed company in India, with a valuation of Rs 17.2 lakh crore, up 3.6% from 2021.
- Tata Consultancy Services (TCS) is ranked 2nd on this list with a valuation of Rs. 11.7 lakh crore, and HDFC Bank is ranked 3rd with a valuation of Rs. 8.3 lakh crore.
Burgundy Private Hurun India 500: Significance
- The companies on the list are ranked based on their value, which is determined by market capitalization for listed companies and valuations for non-listed companies.
- This list exclusively includes companies headquartered in India, while state-owned enterprises and subsidiaries of both foreign and Indian companies are excluded.
2022 Burgundy Private Hurun India 500: Key Highlights
i.The companies on this list are based in 36 Indian cities, with Mumbai (159) [Maharashtra], Bengaluru (63) [Karnataka], and Delhi (42) at the forefront.
ii.The Adani Group companies in saw the largest year-over-year (YOY) gains in absolute terms, which are:
- Adani Total Gas (up Rs. 2.3 lakh crore), Adani Enterprises (up Rs. 2.1 lakh crore), Adani Transmission (up Rs. 1.7 lakh crore), and Adani Green Energy (up Rs. 1.4 lakh crore).
iii.These 500 companies account for up to 1.5% of the workforce in India and generate top-line revenue equal to 29% of India’s Gross Domestic Product (GDP).
- These companies have a combined market value of USD 2.7 trillion, or equal to India’s present GDP.
iv.These 500 companies had combined sales of USD 820 billion and employed 72.6 lakh people (~7.3 million employees), which is greater than the working population of the United Arab Emirates (UAE).
Top 10 of 2022 Burgundy Private Hurun India 500
|Rank||Company||Value (Crore)||Change (%)||Headquarters||CEO/MD|
|1||Reliance Industries Limited (RIL)||Rs. 17, 25, 058 Crore||3.6%||Mumbai, Maharashtra||Mukesh Ambani|
|2||Tata Consultancy Services (TCS)||Rs. 11,68,390 Crore||-10.8%||Mumbai, Maharashtra||Rajesh Gopinathan|
|3||HDFC Bank||Rs. 8,33,656 Crore||-7.9%||Mumbai, Maharashtra||Sashidhar Jagdishan|
|4||Infosys||Rs.6,46,985 Crore||-13.9%||Bengaluru, Karnataka||Salil Parekh|
|5||ICICI Bank||Rs. 6,33,171 Crore||17.7%||Mumbai, Maharashtra||Sandeep Bakhshi|
|6||Bharti Airtel||Rs. 4,89,575 Crore||26.9%||Gurugram, Haryana||Gopal Vittal|
|7||Housing Development Finance Corporation||Rs. 4,48,844 Crore||-10.4%||Mumbai, Maharashtra||Keki M Mistry|
|8||ITC||Rs. 4,32,359 Crore||48.1%||Kolkata, West Bengal||Sanjiv Puri|
|9||Adani Total Gas||Rs. 3,96,245 Crore||144.2%||Ahmedabad, Gujarat||Suresh P Manglani|
|10||Adani Enterprises||Rs. 3, 81, 610 Crore||121.5%||Ahmedabad, Gujarat||Rajesh S Adani|
2022 Burgundy Private Hurun India 500: Key Performers
|1||Most Valuable Company||Reliance Indistries Limited (RIL)||Value: Rs. 17,25,058 crore|
|2||Most Valuable Unlisted Company||Serum Institute of India||Value: Rs. 2,19,700 crore|
|3||The Fastest Value Creator||Vedant Fashions Limited||Value Growth: 450%|
|4||Most Valuable Startup||BYJU’S||Value: Rs. 1,82,200 crore|
|5||Contributes the Most to the list||TATA Group||Number of companies: 15|
|6||The Largest Employer||Tata Consultancy Services (TCS)||Number of Employees: 5,92,195|
|7||Highest Taxpayer||Reliance Indistries Limited (RIL)||Corporate Tax: Rs. 16,297 crore|
|8||Most Profitable Company||Reliance Indistries Limited (RIL)||Net Profit: Rs. 67,845 crore|
TCS Emerges Winner in India’s Top 10 Private Employers’ List
According to the “2022 Burgundy Private Hurun India 500” report, Tata Consultancy Services (TCS), which employs 5,92,195 people, is the largest private employer in India.
- The second position on the list was secured by the business services provider Quess Corp Limited (Quess).
List of India’s 10 Largest Private Employers – 2022 Burgundy Private Hurun India 500
|S.No||Company||No. of Jobs|
|1||Tata Consultancy Services (TCS)||5,92,195|
|2||Quess Corp Limited (Quess)||4,36,907|
|3||Reliance Industries Limited (RIL)||3,40,000|
|4||Infosys Limited (Infosys)||3,14,015|
|5||Larsen & Toubro Ltd (L&T)||2,52,217|
|6||Wipro Limited (WIPRO)||2,47,073|
|7||HCL Technologies (HCLTech)||2,24,834|
|8||SIS Limited (SIS)||1,44,017|
|9||HDFC Bank Ltd||1,41,579|
|10||Motherson Sumi Systems Limited||1,28,564|
Serum Institute, Byju’s Top Burgundy-Hurun Unlisted Companies List 2022
According to the “2022 Burgundy Private Hurun India 500” report, the pharmaceutical company Serum Institute of India (SII) is the most valued unlisted company in India, followed by edtech (education technology) giant BYJU’s.
- Between 2021 and 2022, the value of the vaccine producer SII, situated in Pune (Maharashtra), rose by 20% to Rs 2.2 trillion.
Byju’s market value has increased by 35% to Rs 1.82 trillion, making it the second-most valuable firm on the list, surpassing India’s major stock exchange, the National Stock Exchange (NSE).
List of India’s Most Valuable Company in Unlisted Space -2022 Burgundy Private Hurun India 500
|S.No||India’s Most Valuable Company In Unlisted Space|
|1||Serum Institute of India (SII)|
|3||National Stock Exchange of India (NSE)|
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About Hurun Report Inc. (Hurun Report):
Hurun Report is a leading research, luxury publishing and events group established in London in 1998.
- It has its presence in India, China, France, UK, USA, Australia, Japan, Canada and Luxembourg.
MD & Chief Researcher of Hurun India – Anas Rahman Junaid