Five out of the top-10 unlisted companies in India slipped in valuation in 2023

Feb 13, 2024

By: Sourabh Jain

Five out of the top-10 unlisted companies in India slipped in valuation in 2023

Credit: Canva

Top 10 unlisted companies as per Hurun

Here are the top 10 unlisted companies with the highest value as per the 2023 Burgundy Private Hurun India 500 list. Out of the ten companies, five companies have reported a year-on-year decline.

Credit: Canva

Serum Institute of India

Cyrus Poonawalla-led Serum Institute of India is the top unlisted company in India. The biotechnology company is valued at ₹1.92 lakh crore but reported a decline of 12.5 percent in valuation in 2023.

Credit: Serum-Institute-of-India

National Stock Exchange of India

The National Stock Exchange of India or NSE is next on the list with a value of ₹1.56 lakh crore. The Mumbai-based stock exchange reported a growth of 12 percent in 2023.

Credit: NSE

Megha Engineering and Infrastructure

Hyderabad-based Megha Engineering and Infrastructure is next on the list with a market value of ₹67,500 crore. The company reported a growth of 22.1 percent in 2023.

Credit: MEIL

Zoho Corporation

Sridhar Vembu-led Zoho Corporation is fourth on the list with a value of ₹65,700 crore. The company has recorded the second highest growth in the list at 34.4 percent.

Credit: Wikipedia

Swiggy

Food and grocery delivery platform Swiggy is the fifth company on the list with a value of ₹65,400 crore. The company has recorded the highest decline in the list at 26.2 percent.

Credit: BCCL

Intas Pharmaceuticals

Ahmedabad-based Intas Pharmaceuticals is next on the list with a value of ₹61,900 crore. The company has reported a growth of 4.4 percent in 2023.

Credit: Intas-Pharmaceuticals

Dream11

Fantasy sports platform Dream11 is the seventh company on the list with a value of ₹59,700 crore. The company has reported a decline of 9.8 percent in the last year.

Credit: Dream11

Parle Products

Biscuits and confectionery maker Parle Products is eighth on the list with a value of ₹59,400 crore. The company has reported a decline of 5.1 percent in 2023.

Credit: Parle-Products

Zerodha

Nithin Kamath-led stock broker Zerodha is ninth company on the list with a value of ₹58,500 crore. The company has recorded the highest growth in the list at 97 percent.

Credit: Zerodha

Razorpay

Payment solution provider Razorpay is the tenth company on the list with a value of ₹56,800 crore. The company reported a decline of 8.5 percent in 2023.

Credit: Razorpay

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