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Burgundy Private Hurun India 500-SR: RIL becomes India’s most valuable company followed by TCS & HDFC Bank

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RIL India’s most valuable company

According to the Burgundy Private Hurun India 500 Special Report(SR), Reliance Industries Limited(RIL) has become India’s most valuable company with a value of Rs 18.9 lakh crore followed by Tata Consultancy Services (TCS) with Rs 12.9 lakh crore and HDFC Bank with Rs 7.7 lakh crore.

  • The report states that the value of the top 500 companies in India has increased by 2% to Rs 232 lakh crore from Rs 221 lakh crore as on 30th October 2021.

About the report:

Burgundy Private, a private banking platform of Axis Bank, and Hurun India launched “Burgundy Private Hurun India 500 Special Report(SR)” a 6-month update (from 30th October 2021 to 30th April 2022) of the 2021 Burgundy Private Hurun India 500, a list of 500 most valuable non-state-owned companies in India, released in December 2021.

Top 5 on the Special Report:

1RIL18,87,88113.4%Mukesh Ambani
2TCS12,97,756-0.9%Rajesh Gopinathan
3HDFC Bank7,67,836-15.2%Sashidhar Jagdishan
4Infosys6,59,427-12.3%Salil Parekh
5ICICI Bank5,16,502-3.9%Sandeep Bakhshi

  • Top 10 on the list includes, Adani Green Energy(6th); Bharti Airtel(7th), Housing Development Finance Corporation(HDFC) (8th), Bajaj Finance(9th), and Kotak Mahindra Bank(10th).
  • Among the top 10, 6 companies are headquartered in Mumbai, Maharashtra.

Note: the total value of the top 10 companies has remained unchanged at Rs 71.8 lakh crore. This is equal to 37% of India’s Gross Domestic Product (GDP) and 31% of the total value of the 2021 Burgundy Private Hurun India 500.

Key Points:

i.In the period of 6 months, the value of RIL has increased by 13.4% i.e., Rs 2.2 lakh crore while the total value of TCS declined by 0.9% and the value of HDFC Bank declined by 15.2%.

ii.During the review period, the total value of 219 companies declined and 10 companies remained constant and 36 dropped out from the list.

iii.Adani Green Energy, Reliance Industries and Adani Total Gas were the biggest gainers in terms of absolute value.

iv.Nine companies grew by more than 100%, Vedant Fashions (Kolkata) tops the list with 313% followed by Adani Wilmar (189%) and BillDesk(172.9%).

Top 5 in Unlisted companies:

1National Stock Exchange of India2,28,10035.6%Vikram Limaye
2Serum Institute of India1,75,000-4.6%Adar Poonawalla
3BYJU’S1,68,30024.7%Byju Raveendran
4Swiggy81,80098.3%Sriharsha Majety
5OYO73,4004.1%Ritesh Agarwal

  • National Stock Exchange of India(NSE) is the most valuable unlisted company in India growing by 35.6% to Rs 2,28,100 crore.

Top 5 Industrial Groups

RankIndustrial GroupNumber of companiesTotal value (Rs Crore)Most Valuable Company
1Tata Group1422,02,823TCS
2Adani Group918,01,172Adani Green Energy
3Aditya Birla Group75,09,762UltraTech Cement
4Murugappa Group61,59,073Cholamandalam Investment & Finance
5Bajaj Group58,19,249Bajaj Finance
Jindal Group53,01,135JSW Steel
Godrej Group51,69,794Godrej Consumer Products

Highlights of Adani Group:

i.Adani Group Companies made the maximum gain during the review period and surpassed all others by a huge margin.

ii.9 companies in the Adani Group have a combined value of Rs 17.6 lakh crore which constitutes 7.6% of the total value of 500 top companies.

iii.In a period of 6 months, Adani Green Energy has gained 139% (Rs 2,62,238 crore) and reached a total value of Rs 4,50,874 crore and moved up the ranking from 16th in the 2021 report to 6th in the Special report.

iv.Adani Power gained 157.8% (Rs 66,185 crore) and Adani Wilmar grew by 189.8% (Rs 66,427 crore) during the period.

Industry distribution:

i.The Financial Services and Healthcare are the biggest contributors to the Burgundy Private Hurun India 500 – SR with 81 and 55 companies respectively.

ii.Financial Services has recorded more than one-fifth of the cumulative value of the list in terms of value created, followed by Software & Services (14%) and Healthcare (7.2%).

Geographical distribution:

i.The companies featured in the report come from 15 states, led by Maharashtra (195), Karnataka (60) and Tamil Nadu(43).

ii.In terms of cities, Mumbai led the list with 159 companies followed by Bengaluru with 59 companies, Gurugram with 38 and Chennai and New Delhi with 36 each.