Reliance Industries Tops India's Most Valuable Firms ListTop Stories

December 02, 2022 13:42
Reliance Industries Tops India's Most Valuable Firms List

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Reliance Industries Limited owned by Mukesh Ambani has been named as the most valuable listed company of the country and it is followed by Tata Consultancy Services and HDFC Bank. The list has been announced as per 2022 Burgundy Private Hurun India 500 Top 10 List. The average net worth of the companies were Rs 226 lakh crores which is equal to 2.7 trillion USD. Reliance Industries Limited is valued at Rs 17.25 lakh crores which is Rs 6 lakh crores more than Tata Consultancy Services that is valued at Rs 11.68 lakh crores. This list is as per the second edition of the 500 most valuable companies of the country. HDFC Bank is at the third place and it is valued at Rs 8.33 lakh crores. Infosys is at the fourth place with a value of Rs 6.46 lakh crores and ICICI Bank is in fifth place with Rs 6.33 lakh crores.

Bharti Airtel is in sixth place with a value of Rs 4.89 lakh crores. Housing Development Finance Corporation (Rs 4.48 lakh crores), ITC (Rs 4.32 lakh crores), Adani Total Gas (Rs 3.96 lakh crores) and Adani Enterprises (Rs 3.81 lakh crores) are in the top ten. The companies will have to have a minimum value of Rs 6000 crores or 725 million USD to make it to the list of 2022 Burgundy Private Hurun India 500. "Indian companies and their leadership deserve great acclamation for their contribution to the country's unique positioning today, and they will play an even bigger role in making India the world's third largest economy over the next decade," told Axis Bank Managing Director and Chief Executive Officer Amitabh Chaudhry. The tune of Rs 226 lakh crores of these 500 companies of India is equivalent to 29 percent of the India's GDP and they also make it to 1.5 percent of the total workforce. Energy, retail, hospitality and consumer goods are the sectors which saw a huge boost.

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