Hurun India has ranked the country’s top 10 most valuable companies, led by Reliance Industries. The list also includes three technology companies and one telecom giant. What’s noteworthy is that cumulatively, the top 10 most valuable companies have a combined market value exceeding the GDP of Saudi Arabia.
According to the 2024 Burgundy Private Hurun India 500 list, these companies’ total value has surged by Rs 22.7 lakh crore, reaching a staggering Rs 96 lakh crore—nearly a third of India’s GDP.
Reliance Industries, helmed by Mukesh Ambani, holds the top spot with a value of Rs 17,52,650 crore, followed closely by K. Krithivasan-led Tata Consultancy Service (TCS) at Rs 16,10,800 crore. While these giants lead the pack, Bharti Airtel – led by Gopal Vittal – demonstrated the most significant value increase in absolute terms, adding over Rs 4 lakh crore to its market cap in 2024.
TCS takes the second spot in the list with Rs 16,10,800 crore valuation and 30% increase year-on-year. Infosys – placed on the 6th spot – follows TCS with Rs 7,99,400 crore, registering 40% increased valuation. HCL Technologies is placed at 9th spot with Rs 5,18,170 crore valuation and 51% increase on a yearly basis.
“The companies from 2024 Burgundy Private Hurun India 500 make up the ‘backbone’ of India’s private sector, wielding significant economic influence. Between them, they have a cumulative valuation of$3.8 trillion, which is more than India’s annual GDP, and employ 8.4 million people,” said Anas Rahman Junaid, founder and chief researcher, Hurun India.
“If you want to understand how the Indian economy is developing, understanding the stories behind 2024 Burgundy Private Hurun India 500, India’s most valuable companies, is a great place to start,” Junaid added.
