Mumbai is the top value generator among Indian cities with Rs. 1,54,54,720 crore (US$ 1.77 trillion), Bengaluru, Delhi next, finds Hurun. Full list

Mumbai has emerged as the top value-generating city in India, contributing Rs. 1,54,54,720 crore (US$ 1.77 trillion) from 154 companies, according to the 2024 Burgundy Private Hurun India 500 report. Despite having two fewer companies than the previous year, the city saw a 37% increase YoY in total value generation. Bengaluru ranked second, with Rs. 25,48,340 crore (US$ 293.35 billion) generated from 44 companies, marking a 17% YoY increase, even as the number of companies fell by 17. New Delhi secured the third position, with Rs. 23,81,680 crore (US$ 274.17 billion) generated from 37 companies, reflecting a 60% YoY growth despite losing two businesses. Gurugram moved up to the fourth spot with Rs. 19,61,770 crore (US$ 225.83 billion) generated by 36 companies, growing by 88% YoY with the addition of three more businesses. Hyderabad completed the top five, generating Rs. 10,41,260 crore (US$ 119.86 billion) from 35 companies, with a 75% YoY increase and six new businesses added.

Among states, Maharashtra led with Rs. 1,73,82,180 crore (US$ 2 trillion) generated from 189 companies, followed by Karnataka Rs. 25,88,560 crore (US$ 297.98 billion), Haryana Rs. 20,52,690 crore (US$ 236.29 billion), Delhi Rs. 23,81,690 crore (US$ 274.17 billion), and Gujarat Rs. 20,19,870 crore (US$ 232.52 billion). Other top states included Tamil Nadu Rs. 12,95,450 crore (US$ 149.13 billion), Telangana Rs. 10,41,260 crore (US$ 119.86 billion), Uttar Pradesh Rs. 15,76,480 crore (US$ 181.48 billion), West Bengal Rs. 12,87,140 crore (US$ 148.17 billion), and Kerala Rs. 3,36,570 crore (US$ 38.74 billion). The 2024 Burgundy Private Hurun India 500 is a collaboration between Axis Bank’s Burgundy Private and Hurun India, assessing the market capitalization of listed companies and the valuations of unlisted companies, excluding state-owned enterprises and subsidiaries of both foreign and Indian companies.

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