The second edition of the "Burgundy Private Hurun India 500", which ranks the 500 most valuable companies in India, was released on Thursday. These firms in this list are rated based on their value, which is determined by market capitalisation for listed companies and valuations for non-listed ones.
Reliance Industries has firmly retained the top position in the list of most valuable companies in India, with a valuation of ₹17.3 lakh crore. Tata Consultancy Services comes second on this list with a valuation of ₹11.7 lakh crore, followed by HDFC Bank in third place with ₹8.3 lakh crore in valuation.
Despite global challenges, the companies on the ‘2022 Burgundy Private Hurun India 500’ list created value to the tune of ₹226 lakh crore for their stakeholders.
The top line of these 500 companies is equivalent to 29 percent of India’s GDP, and these companies employ up to 1.5 percent of the country’s total workforce, said the CEO of the Axis Bank.
Companies with the largest number of employees
Companies from the ‘2022 Burgundy Private Hurun India 500’ employ 7.3 million people with an average of 14,500. Out of the 500 firms in the list, 137 companies 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.
The list featured Reliance Industries at the third spot with a workforce equal to 3,40,000, closely followed by Infosys at the fourth position with 3,14,015 employees.
Companies such as Larsen and Toubro and Motherson Sumi Systems slipped down from their positions from last year with a decline of 1,08,609 and 41,536 employees, respectively, in the total workforce. They stand at 5th and 10th position in this year’s list.
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.