India's top 10 firms valued at Rs. 95,64,500 crore (US$ 1.1 trillion), surpass Saudi Arabia's Gross Domestic Product (GDP)

According to the 2024 Burgundy Private Hurun India 500 report, India’s top 10 most valuable companies now have a combined market value of Rs. 95,64,500 crore (US$ 1.1 trillion), surpassing the entire Gross Domestic Product (GDP) of Saudi Arabia. These 10 companies represent nearly one-third of India’s GDP and 30% of the total value of the top 500 companies in India. The total value of these companies has surged by Rs. 22,70,000 crore (US$ 261.07 billion) over the past year, with Bharti Airtel showing an outstanding 75% growth, contributing Rs. 4,00,000 crore (US$ 46 billion). The National Stock Exchange (NSE) has seen its valuation more than double, increasing by 201% to Rs. 4,70,000 crore (US$ 54.05 billion). Reliance Industries remains the top-ranked company with a valuation of Rs. 17,50,000 crore (US$ 201.27 billion), followed closely by Tata Consultancy Services (TCS) at Rs. 16,10,000 crore (US$ 185.16 billion).

The 2024 Burgundy Private Hurun India 500 report highlights significant growth in India's corporate sector, with the total value of these top companies amounting to Rs. 3,24,00,000 crore (US$ 3.8 trillion). This growth is reflected in an 11% sales increase, collectively reaching $1 trillion. Notably, 82 new companies have joined the list, including startups like Zepto, Physics Wallah, and OYO, with Physics Wallah seeing a remarkable 172% increase in value. The financial services sector remains dominant, contributing 19% of the total value, while new industries like healthcare and energy are experiencing substantial growth. The report also highlights the increasing international presence of Indian companies, with 59% now operating globally, and the growing representation of women on boards, making up 17% of the seats. Additionally, the report sheds light on shifting business geography, with Haryana rising to the top three states for the first time.

Disclaimer: This information has been collected through secondary research and IBEF is not responsible for any errors in the same.