As Axis Bank's Burgundy Private and Hurun India announced the second edition of the "500 most valuable private companies in India" list, Reliance Industries retained its position as the most valuable company in the country with a valuation of ₹17.3 lakh crore.
The total value of the companies in the ‘2022 Burgundy Private Hurun India 500’ list remains unchanged at ₹226 lakh crore when compared to last year. This is despite 191 companies in the list cumulatively losing ₹18.3 lakh crore in value, the report stated.
Cementing the number one position, Reliance Industries is now 47 percent or ₹5 lakh crore more valuable than Tata Consultancy Services, the second most valuable company with a valuation of ₹11.7 lakh crore followed by HDFC Bank with ₹8.3 lakh crore at the third position.
The average sales of the 2022 Burgundy Private Hurun India 500 was ₹16,842 crore.
114 companies of the 2022 Burgundy Private Hurun India 500 had sales of more than ₹10,000 crore in FY2022, of which 27 companies featured in the list with sales of more than ₹50,000 crore.
In the list of companies with the highest revenue, Reliance Industries featured at the top spot with a revenue of ₹7,36,581 crore, followed by Tata Motors with a revenue of ₹2,81,507 crore and Tata Steel with a revenue of ₹2,44,744 crore. The list also includes JSW Steel, ICICI Bank and Hindalco Industries.
New additions in the list of companies with the highest profits
The combined net profit of the 2022 Burgundy Private Hurun India 500 companies was up 51 percent to ₹6.5 lakh crore in FY22. Sectors such as financial services, software & services, metals & mining, telecommunications and healthcare continued to have rising profits and accounted for more than 3/4th of the profits of the 2022 Burgundy Private Hurun India 500 companies in FY 22.
Serum Institute of India, Larsen & Toubro and Bharti Airtel entered into the list of top 20 companies with the highest net profits whereas Reliance Industries, Tata Steel and Tata Consultancy Services sit comfortably at the top three spots in this list.
Companies from the 2022 Burgundy Private Hurun India 500 with the highest net profit:
Tata Consultancy Services- the largest employer in 2022
Companies from the 2022 Burgundy Private Hurun India 500 employ 7.3 million people, an average of 14,500. 137 have more than 10,000 employees, led by Tata Consultancy Services with 5,92,195 employees and Quess Corp with 4,36,907 employees. 103 companies have less than 1,000 employees.
Other companies accounted in the list were major giants such as Reliance Industries, Infosys, Wipro and HCL Technologies.
In the last year, the worth of 309 of the listed firms increased, with 18 of them seeing their value double. Six firms had increases equal to 1 lakh crore headed by four Adani Group enterprises.
A total of 36 Indian cities are represented by the businesses on this list, with Mumbai (159), Bengaluru (63) and New Delhi (42) at the top.
This year, 25 new businesses entered the top 100. Following its acquisition by the Adani Group, Ambuja Cements, which debuted at position 36, is in the lead among these new entrants. Foodtech startup Swiggy rose 56 positions to claim the 46th spot.