Hurun List 2024: Reliance Industries topped the 2024 Burgandy Private Hurun India’s list of the 10 most valuable private companies in India, followed by Tata Consultancy Services (TCS) and HDFC Bank in second and third place, respectively. The combined market valuation of these top 10 companies was greater than Saudi Arabia’s gross domestic product (GDP).
According to the 2024 Burgandy Private Hurun India 500 list, India’s most valuable companies in the 2024 Burgundy Private Hurun India 500 have a cumulative value of $3.8 trillion ( ₹324 lakh crore, up 40 per cent), which is higher than the GDP of India and the combined GDPs of UAE, Indonesia, and Spain
Hurun List 2024: Key Metrics
In 2024, the top-valued companies collectively spent ₹11,000 crore on corporate social responsibility (CSR). Each of the top 500 companies on the 2024 Burgandy Private Hurun India 500 list is valued at over $1 billion.
Mukesh Ambani-led Reliance Industries leads India’s top 10 most valued companies list with a ₹17.5 lakh crore valuation, while TCS came second with a 30 per cent growth and ₹16.1 lakh crore valuation. Billionaire industrialist Gautam Adani’s flagship Adani Ports and Special Economic Zone was valued at ₹2,73,530 crore as of December 13, the cut-off date for the list.
The Adani Group, which includes nine listed companies, was valued at ₹13.40 lakh crore, while the Ambani-led Reliance Group’s overall valuation was pegged at ₹19.71 lakh crore. The salt-to-software Tata Sons led among the industrial groups in valuation, with a 37 per cent jump in valuation to ₹32.27 lakh crore.
According to Hurun’s Chief Researcher Anas Rahman Junaid, the qualifying threshold for making it into the top 500 jumped 43 per cent to ₹9,580 crore during the year, and this was the first time that all the companies in the list were valued at over $1 billion. The cumulative value of companies in the list rose 40 per cent to $3.8 trillion, while the biggest gains were witnessed by Motilal Oswal, Inox Wind, Zpto, and Dixon, according to the list.
These 500 companies, with a combined revenue of $1 trillion, posted a profit of ₹8 lakh crore, paid ₹2.2 lakh crore in taxes and employ 85 lakh people. They collectively spent ₹11,000 crore under the CSR aspect in 2024.
