In a recent report by Hurun India, Reliance Industries has been recognized as the most valuable company in the country for 2024. The ranking highlights the remarkable performance of India’s top ten companies, which collectively surpass the GDP of Saudi Arabia with a combined market value of over Rs 96 lakh crore, accounting for nearly one-third of India’s GDP.
According to the 2024 Burgundy Private Hurun India 500 list, these leading companies collectively experienced a significant valuation increase of Rs 22.7 lakh crore over the past year. Reliance Industries, led by Mukesh Ambani, is at the forefront with a staggering valuation of Rs 17,52,650 crore. Following closely is Tata Consultancy Services (TCS), managed by K. Krithivasan, valued at Rs 16,10,800 crore. Notably, Bharti Airtel saw the largest increase in market value, rising by over Rs 4 lakh crore in 2024.
Tech Companies Among the Leaders
TCS ranks second on the list, enjoying a 30% increase in its valuation. Infosys holds the sixth position with a valuation of Rs 7,99,400 crore, experiencing a 40% rise. HCL Technologies is in ninth place with a value of Rs 5,18,170 crore, marking a significant 51% increase year on year.
Anas Rahman Junaid, the founder and chief researcher of Hurun India, noted, "The 2024 Burgundy Private Hurun India 500 list showcases the backbone of India’s private sector, reflecting their substantial economic impact. These companies together have a valuation of $3.8 trillion, which exceeds India’s annual GDP and they provide jobs to around 8.4 million people." He emphasized the importance of understanding the stories behind these companies to grasp the evolving Indian economy.
The Top 10 Most Valuable Companies
Here’s a brief look at the top ten companies and their respective valuations:
- Reliance Industries – Rs 17,52,650 crore (12% increase)
- Tata Consultancy Services (TCS) – Rs 16,10,800 crore (30% increase)
- HDFC Bank – Rs 14,22,570 crore (26% increase)
- Bharti Airtel – Rs 9,74,470 crore (75% increase)
- ICICI Bank – Rs 9,30,720 crore (44% increase)
- Infosys – Rs 7,99,400 crore (40% increase)
- ITC – Rs 5,80,670 crore (8% increase)
- Larsen & Toubro – Rs 5,42,770 crore (35% increase)
- HCL Technologies – Rs 5,18,170 crore (51% increase)
- National Stock Exchange of India – Rs 4,70,250 crore (201% increase)
This recognition reflects the growing strength and resilience of India’s economy as these companies continue to thrive and contribute significantly to the nation’s growth.
