scorecardAdani may be the richest Indian but Ambani’s RIL retains the top spot on Hurun's list of most valuable companies
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Adani may be the richest Indian but Ambani’s RIL retains the top spot on Hurun's list of most valuable companies

Adani may be the richest Indian but Ambani’s RIL retains the top spot on Hurun's list of most valuable companies
Business2 min read
Mukesh Ambani and Gautam Adani, India's top two richest people    BCCL
  • Mukesh Ambani’s Reliance Industries topped the charts in the key metrics which matter the most – value, revenue and profits, according to the 2022 Burgundy Private Hurun India 500 list.
  • Reliance Industries also emerged as the largest value creator in the last five years, adding ₹10.52 lakh crore to investor wealth.
  • The Adani Group dominated the list of top value gainers this year, with five of its group companies adding ₹8.42 lakh crore to investor wealth.
Mukesh Ambani lost the crown of the richest Indian to Gautam Adani this year, but his company Reliance Industries has emerged as the leader across key metrics of valuation, revenue, and profitability, as per the 2022 Burgundy Private Hurun India 500 list.

Reliance Industries retains its most valuable company tag for the second year on the list, with a total value of ₹17.25 lakh crore and a gain of 3.6% year-on-year.

Interestingly, Reliance Industries alone accounts for nearly a quarter of the ₹72 lakh crore value of the top ten companies on the list, according to the report. Also, while these ten companies account for 37% of India’s GDP, according to Hurun India, Reliance Industries alone accounts for 8.9% of the country’s GDP.

With a value of ₹11.68 lakh crore, Tata Consultancy Services (TCS) was the second-most valuable company on the list with the additional distinction of being the largest employer.

Reliance Industries has also emerged as one of the best value creators in the last five years, with its value increasing by ₹10.52 lakh crore during this period. On the other hand, TCS’ value increased by a little over ₹4.4 lakh crore.

table-1
Business Insider India

The soon-to-be-merged HDFC twins together command a value of ₹12.82 lakh crore.

Reliance Industries also topped the charts in terms of revenue, followed by Tata Motors and Tata Steel.

Revenue
Business Insider India

It is worth noting that the Tata Group dominates the list of top ten companies by revenue with three of their companies on there, but their combined revenue still lags that of Reliance Industries.

While most of the companies on the list are from the financial services, auto, telecom, IT and metals sectors, there’s one company – Rajesh Exports – which stands out.

Rajesh Exports is a Bengaluru-based gold retailer, founded in 1995. It refines designs and sells gold and other luxury jewellery items.

In terms of net profit, too, Reliance Industries comes out on top. While it recorded a 26% growth in net profit, metal companies Tata Steel and JSW Steel recorded triple-digit growth in their net profit on a year-on-year basis.

Profit
Business Insider India

In terms of the top gainers during the year, the Adani Group dominates the list of the top ten companies, with five of the group companies adding a cumulative ₹8.42 lakh crore in terms of value.
Value change
Business Insider India

While the top ten companies in the list added a cumulative ₹12,99,813 crore to their value, the five Adani Group companies added ₹8,42,439 crore, or nearly 65% of the total increase.

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