Reliance to Kotak – Top 10 companies by valuation in India, according to Hurun
Feb 12, 2024
Credit: BCCL
Top 10 companies as per Hurun
Here are the top 10 companies with the highest value as per the 2023 Burgundy Private Hurun India 500 list. Out of the ten companies, three companies have reported a year-on-year decline.
Credit: Canva
Reliance Industries
Mukesh Ambani-led Reliance Industries continues to top the list with a value of ₹15.65 lakh crore. The company reported a decline of 9.3 percent year-on-year in 2023.
Credit: Reliance Industries
Tata Consultancy Services
IT giant Tata Consultancy Services is India’s second biggest company with a value of ₹12.36 lakh crore. The company has reported a 5.8 percent growth in 2023.
Credit: IANS
HDFC Bank
HDFC Bank continues in the third position after its merger with HDFC. The company’s value has increased by 35.1% to reach ₹11.26 lakh crore in 2023.
Credit: BCCL
ICICI Bank
ICICI Bank has improved its ranking to reach the fourth position with a value of ₹6.48 lakh crore. The company has reported a growth of 2.3 percent in the past year.
Credit: BCCL
Infosys
Infosys dropped down to the fifth position and has become the company to report the biggest decline among the top ten companies. Infosys reported a decline of 11.7% in the past year and is valued at ₹5.72 lakh crore.
Credit: Infosys
Bharti Airtel
Bharti Airtel, one of India’s biggest telecom operators is on the sixth position with a value of ₹5.56 lakh crore. The company has reported a growth of 13.5 percent in the last one year.
Credit: BCCL
ITC
FMCG and hospitality giant ITC has climbed up to the seventh position vacated by HDFC. The company is valued at ₹5.37 lakh crore and reported a growth of 24.2 percent in the last year.
Credit: ITC
Larsen & Toubro
Construction giant Larsen & Toubro is a new entrant in the top 10 companies and occupies the eighth position. The company is valued at ₹4.02 lakh crore and has reported a 41.5 growth over the last year.
Credit: Larsen & Toubro
HCL
IT giant HCL is another addition to the top ten and is valued at ₹3.43 lakh crore. HCL, founded by Shiv Nadar, reported a growth of 21.5 percent in the last one year.
Credit: BCCL
Kotak
Kotak is the third new entrant to the top 10 most valuable companies list. The company has a value of ₹3.41 lakh crore and reported a decline of 9.6 percent in the last year.
Credit: BCCL