Burgundy Private, Axis Bank's Private Banking Business, has unveiled the second edition of the "Burgundy Private Hurun India 500," a ranking of 500 most valuable companies in India, produced in collaboration with Hurun India.
The 2022 Burgundy Private Hurun India 500 are spread across 27 different industries, demonstrating the overall growth story of the Indian economy.
The 2022 Burgundy Private Hurun India 500 lost ₹1,78,965 crore in value. The sectors that enjoyed strong growth are Energy, Retail, Hospitality and Consumer Goods. Software and Services sector was the hardest hit and cumulatively lost ₹6 lakh crore over last year. On the back of inflation and looming recession, Indian IT outsourcing companies are expected to go slow on closing big-ticket deals, said Anas Rahman Junaid, MD and Chief Researcher, Hurun India.
Mumbai dominates when it comes to the 2022 Burgundy Private Hurun India 500 companies, home to 159 of these companies, significantly ahead of Bengaluru at second place with 63 companies.
Companies leading the highest revenue list
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 stood 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 at the 2nd and 3rd position, respectively.
Few companies including Tata Consultancy Services, Infosys, ICICI Bank and Bharti Airtel saw a decline in their gross revenue and slipped from their positions held last year.
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On the other hand, companies such as Hindalco Industries, JSW Steel, Grasim Industries and Vedanta observed an increase in their revenue and moved up in the list.
The list of companies with highest revenue saw a new entrant this year in the form of Adani Enterprises which generated a total revenue of ₹70,433 crore with a 75 percent YoY growth.
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.
Covid-19 vaccine producer Serum Institute of India increased its value by 20 percent to ₹2.2 lakh crore and is India’s most valuable unlisted company.