Reliance Rules the Valuation Roost.!
Reliance industries has once again demonstrated its unrivalled prowess by securing the top position in the list of the country's 500 most valuable private companies. The report, jointly prepared by Burgundy Pvt., Axis Bank's wealth management arm, and Hurun India, is based on the market values of these companies as of october 2023.
The cumulative market value of the top 500 private companies is estimated at Rs. 231 lakh crore, surpassing the combined GDPs of Saudi Arabia, Switzerland, and Singapore. These companies, registering sales of Rs. 79 lakh crore at a growth rate of 13 percent, have significantly contributed to employment, providing jobs to 70 lakh individuals. Remarkably, these organizations represent 1.3 percent of the total employed workforce in the country.
Furthermore, among the top 500 companies, 52 boast histories of less than a decade, while EID Parry, with a remarkable 235-year history, also stands tall in the prestigious list. Hyderabad, with 29 companies, contributes significantly to this roster, reflecting a 22 percent increase in market value compared to the previous year. The diverse sectors represented among these companies, from financial services to healthcare and consumer goods, showcase the multidata-faceted strength of India's private sector.
The cumulative market value of the top 500 private companies is estimated at Rs. 231 lakh crore, surpassing the combined GDPs of Saudi Arabia, Switzerland, and Singapore. These companies, registering sales of Rs. 79 lakh crore at a growth rate of 13 percent, have significantly contributed to employment, providing jobs to 70 lakh individuals. Remarkably, these organizations represent 1.3 percent of the total employed workforce in the country.
Furthermore, among the top 500 companies, 52 boast histories of less than a decade, while EID Parry, with a remarkable 235-year history, also stands tall in the prestigious list. Hyderabad, with 29 companies, contributes significantly to this roster, reflecting a 22 percent increase in market value compared to the previous year. The diverse sectors represented among these companies, from financial services to healthcare and consumer goods, showcase the multidata-faceted strength of India's private sector.