Serum Institute of India tops the list of most valuable unlisted companies in the country, followed by National Stock Exchange of India and the Megha Engineering and Infrastructure, according to the ‘2023 Burgundy Private Hurun India 500’ list of the 500 most valuable companies in India.

Zoho Corporation, Swiggy, Intas Pharmaceuticals, Dream11, Parle, Zerodha are the other names who made into the list.

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Reliance Industries continues its reign in the top position for the third year in a row on the Burgundy Private Hurun India 500 with a value of Rs 15,64,663 crore. Reliance Industries is valued at least Rs 3 lakh crore more than TCS, which is number 2 on the list with Rs 12.4 trillion and HDFC Bank with Rs 11.3 trillion.

The merger of HDFC Ltd with HDFC Bank facilitated HDFC Bank to become the third Indian company to surpass Rs 10 trillion capitalization. HCL Technologies and Kotak Mahindra Bank make their return to the top 10 list.

Suzlon Energy grew at the fastest pace registering a 436 per cent growth, dominating the list of fastest growing companies in 2023 followed by Jindal Stainless and JSW Infrastructure. By absolute value, the biggest gainers were HDFC Bank, Larsen & Toubro & ITC.

Jio Financial Services secured a 28th rank, after demerging from Reliance Industries.

Financial Services and Healthcare sectors led the pack with 76 and 58 companies respectively, closely followed by Consumer Goods, which boasts of 38 companies in the list.

The services Industry is the Largest Value Creator of the Year. Led by Info Edge (India) (ranked number 88), which grew by 4.5 per cent.

A total 153 companies were founded in this millennium of which 52 are less than 10 years old, led by GlobalBees, Mensa Brands, Zepto, Motherson Sumi Wiring India, Apna, and CRED.

During the review period, the value of the Adani Group companies decreased by 50 per cent or Rs 9,92,953 crore.

To qualify for inclusion in the ‘2023 Burgundy Private Hurun India 500’ list, companies are required to have a minimum value of Rs 6,700 crore, equivalent to USD 807 million. The average age of the companies in Burgundy Private Hurun India 500 is 38.

The total value of the 2023 Burgundy Private Hurun India 500 companies is Rs 231 trillion.