Successful Indian Companies: The total market value of the country’s 500 most successful companies is Rs 231 lakh crore. This number is more than the GDP of many countries of the world. These major companies of the country are spread in a total of 44 cities. Last year, the companies included in this list were in 36 cities. These figures are from the Huron India 500 list. Huron released the list on Monday in collaboration with Axis Bank.
Companies with a minimum valuation of Rs 6700 crore are included.
According to the Huron India 500 list, companies with a minimum valuation of Rs 6,700 crore have made it this year. Last year the figure was Rs 5,947 crore. It has increased by 13 percent. According to statistics, about 1.3 percent of the country’s total workforce works in these companies. These companies are providing employment to 7 million people. This average comes to 15,211 employees per company.
Companies from cities like Kochi and Surat also made it to the list.
This ranking not only includes companies from cities like Mumbai and Bangalore, but also companies located in Tier 2 cities like Kochi and Surat. The list includes as many as 156 companies from Mumbai. After that 59 companies from Bangalore and 39 from Delhi have joined it. Starting from the 235-year-old EID Perry, startups created in 2021 have also got a place in it. According to Huron, the list shows that India’s economic growth is widespread. This includes everything from finance, healthcare to IT, automotive and banks. 61 new companies have made it to the list this year. 437 of these companies have women on their boards.
Reliance has been the country’s most valuable company for three consecutive years.
According to Huron List, Reliance has been the country’s most valuable company for the past three years. Next comes TCS and HDFC Bank. HCL Technologies and Kotak Mahindra Bank are back in the top 10 this year. 8 companies of Adani group have 4.3% share in this list. Its total value is estimated at Rs 9.9 lakh crore. Due to the Hindenburg report, the value of group companies fell by 50%. But after the decision of the Supreme Court, its value is continuously increasing.
Falling funding and market value of startups
Startup funding and market value are also witnessing a decline this year. Byju’s, DealShare and PharmEasy have lost a lot of money. FarmEasy has also been left out of the list. Despite this, the 6 unicorns listed on the stock exchange have achieved a market value of Rs 62,837. Jio Financial Services is ranked 28th in the list. In the year 2023, the sales of these 500 companies have increased by 13%. Their total sales have been $952 billion. In total, the market value of 342 companies increased.
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(Translation of Tags) Hurun Ranking ) EID Perry