Hurun India releases its report for 2021 of India’s most valuable companies. Reliance emerges out to be the most valuable company with a market capitalisation of INR 16,65,381 crore as well as the most profitable company at INR 53,739 crore. Tata consultancy services have been considered the largest employer and the top taxpayer, while its parent company Tata Group has emerged out to be the group that added the most number of companies. Serum Institute of India, the COVID-19 vaccine producer, increased its value by 127% to INR 1.8 lakh crore and is now India’s most valuable unlisted company.
According to the report, Financial Services with 77 companies and Healthcare with 64 companies were the biggest contributors in 2021. Financial services, constituting 1/4th value was followed by Software and Services, Healthcare, and consumer goods.
“Despite the Covid-19 Pandemic, the cumulative value of the 2021 Burgundy Private Hurun India 500 companies grew by 68% YoY to an average of INR 45,300 crore. 461 companies saw their value increase, of which 200 of them doubled in value. 20 companies rose by INR 1 lakh crore, led by Reliance Industries, TATA Consultancy Services, Infosys, and ICICI Bank. Value creation at historic highs: total value of 2021 Burgundy Private Hurun India 500 companies is INR 228 lakh crore (US$3tn), more than India’s GDP in 2021 at current prices.” Hurun India’s report mentioned.