Last Updated:
This year’s list boasts a record-breaking entry threshold of INR 9,580 crore, a significant jump from last year’s INR 6,700 crore. For the first time since the list’s inception, every company included boasts a valuation of at least US$1 billion.
Motilal Oswal Financial Services secured the top rank with a value surge of 297%. (AI Generated)
Hurun India 500 List: The recently released 2024 Burgundy Private Hurun India 500 highlights the impressive growth of India’s most valuable non-state-run companies. The combined value of these 500 companies has reached a staggering US$3.8 trillion, surpassing the GDP of India and exceeding the combined GDPs of UAE, Indonesia, and Spain.
This year’s list boasts a record-breaking entry threshold of INR 9,580 crore, a significant jump from last year’s INR 6,700 crore. For the first time since the list’s inception, every company included boasts a valuation of at least US$1 billion.
Reliance Industries retains its position at the top with a valuation of INR 17.5 lakh crore, followed by Tata Consultancy Services and HDFC Bank. A notable achievement is the rapid ascent of Bharti Airtel, breaking into the top 5 with an impressive 75% value increase.
These 10 companies boast a whopping growth of over 200%
Motilal Oswal Financial Services secured the top rank with a value surge of 297%, reaching a value of INR 59740 Cr. Inox Wind followed closely with a 273% increase in value, attaining INR 27220 Cr.
New-Tech Zepto’s Valuation Jumps 269%
Zepto took the third spot, exhibiting a 269% value change and reaching INR 42410 Cr. Dixon Technologies (India) experienced a significant 241% rise in value, hitting INR 103730 Cr.
Trent showed a 228% value change, securing a value of INR 246910 Cr. Anant Raj, with a 225% value increase, reached INR 25300 Cr. Policy Bazaar reached INR 97170 Cr with a 206% value change.
NSE’s Valuation Grows By 201% Ahead Of Its IPO
IPO-bound National Stock Exchange of India witnessed a 201% value growth, reaching INR 470250 Cr, along with Multi Commodity Exchange of India at 201% to end at INR 34930 Cr respectively.
Finally, Piramal Pharma closed the top 10 with an almost 200% (198% effective) value change, reaching INR 33910 Cr.
| Rank | Company | Value Change (%) | Value (INR Cr) |
| 1 | Motilal Oswal Financial Services | 297 | 59740 |
| 2 | Inox Wind | 273 | 27220 |
| 3 | Zepto | 269 | 42410 |
| 4 | Dixon Technologies (India) | 241 | 103730 |
| 5 | Trent | 228 | 246910 |
| 6 | Anant Raj | 225 | 25300 |
| 7 | Policy Bazaar | 206 | 97170 |
| 8 | National Stock Exchange of India | 201 | 470250 |
| 8 | Multi Commodity Exchange of India | 201 | 34930 |
| 10 | Piramal Pharma | 198 | 33910 |
