Financial services, pharmaceuticals and IT are top contributors to Hurun’s 500 list

Financial services, healthcare, software and services are among the top contributors to the Burgundy Private Hurun India 500 list.

“Financial services led the way with more than a fifth of the cumulative value of the Burgundy Private Hurun India 500, followed by software and services (14%) and healthcare (7.2%),” the report said.

Other than that, Consumer Goods posted a cumulative value of 5.5%, followed by Chemicals at 5.1%, Retail at 4.6% and Automotive and Automotive Components at 4.4%. .

Although with more than a fifth of the cumulative value at 21.3%, financial services recorded a decline of 6.4% compared to last year. However, the retail sector saw an increase of 17.2% with a cumulative value of 4.6%.

Read also : Burgundy Hurun’s List: Razorpay, Ola, Swiggy Top Gainers in Unlisted Companies, NSE Emerges as Most Valuable

According to the report, financial services and healthcare were the top contributors with 81 and 55 companies respectively, followed by chemicals with 41 companies, software and services with 35 companies.

“The top 5 industries accounted for almost half of the list,” the report said.

Read also : Adani Group valuation grows to 88%, Ambani-led RIL up 13.4%: report

Burgundy Private and Axis Bank’s Hurun India have launched an updated list of the 500 Most Valuable Private Companies in India. The update affected the October 2021 to April 2022 period of the 2021 Burgundy Private Hurun India 500 list.

Anas Rahman Junaid MD and Chief Researcher, Hurun India said, “Despite two major events like the Russian-Ukrainian war and interest rate hikes by the US Federal Reserve, companies in the Burgundy Private Hurun India 500 – Special Report gained 2% over the six months.”

According to the report, the value of the top 500 companies in India increased slightly by 2% to reach 232 lakh crore 221 lakh crore as of October 30, 2021. The total value of 219 companies decreased during the reporting period. Ten companies remained unchanged and 36 were removed from the list.

With a value of 18.9 lakh crore, Reliance Industries is India’s most valuable company, followed by Tata Consultancy Services (TCS) with 12.9 lakh crore and HDFC bank with $7.7 billion.

In the list of top 10 most valuable companies, Adani Group companies achieved the maximum gain during the review period and topped all others by a huge margin. In just six months, Adani Green has climbed the rankings from 16th to 6th place

In companies that have seen declining valuations and falling rankings, yoga exponent Patanjali Ayurved, run by Ramdev, saw its value drop 17.9% to 23,000 crore, and also slipped down the rankings to 184th after being ranked 34th.

The biggest gain was made by Vedant Fashions with a valuation growth of 313.9%, followed by Adani Wilmar and Billdesk at 172.9%, he said.

Banking rivals ICICI Bank and HDFC Bank trended lower in value, with the second-largest lender limiting the decline to 3.9%, compared to a fall of more than 15% for HDFC Bank.

The minimum rating to make the Top 500 list was 5,800 crore or $760 million, and the companies on the list came from 15 Maharashtra-ruled states. Mumbai alone is home to 159 of the companies, followed by Bengaluru at 59 and Gurugram at 38.

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