Hurun 2024: Reliance, TCS, HDFC among India’s top 10 most valuable companies; check list here

Reliance Industries topped Hurun’s list of the 10 most valuable private companies in India, followed by TCS and HDFC in second and third place, respectively. The combined market valuation of these top 10 companies was greater than Saudi Arabia’s GDP.

According to the 2024 Burgandy Private Hurun India 500 list, the top 500 companies had a combined revenue of $1 trillion, posted a profit of ₹8 lakh crore, paid ₹2.2 lakh crore in taxes and employed 85 lakh people. Their cumulative value rose 40% to $3.8 trillion — more than India’s $3.5 trillion GDP.

They collectively spent ₹11,000 crore under the corporate social responsibility (CSR) aspect in 2024, the report added.

Each of the top 500 companies on the 2024 Burgandy Private Hurun India 500 list is valued at over $1 billion.

TCS’s market valuation grows 30%

Mukesh Ambani helmed Reliance Industries sat at the top of the list with a market valuation of ₹17.5 lakh crore and Tata Consultancy Services (TCS) grew 30% to come second at ₹16.1 lakh crore valuation.

The Adani Group, which includes nine listed companies, was pegged at ₹13.40 lakh crore, while the Ambani-led Reliance Group's overall valuation was valued at ₹19.71 lakh crore.

Top 10 most valuable Indian companies:

“With a qualification threshold of $9,580 crore, this list highlights India’s booming economy and its risee as a global superpower,” Hurun India said.