Feb 15, 2024
By: Katya Naidu
India’s most valuable companies are concentrated in Mumbai, Bangalore and New Delhi. But companies in towns like Thrissur, Nagpur and Coimbatore are thriving, showing a sharp rise in net wealth, as per 2023 Burgundy Private Hurun India 500.
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The cultural capital of Kerala is also known for its jewellery companies. Three companies — Kalyan Jewellers, Joy Alukkas and Manappuram Finance made it to the Hurun’s list of 500 listed and unlisted companies.
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Kalyan Jewellers India is valued at ₹30,000 crore; Joy Alukkas at ₹17,500 crore and Manappuram Finance at ₹11,359 crore. Their value also swelled 96 percent in the last one year, as per Hurun.
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Nagpur based companies’ wealth also swelled by 40 percent in the last one year, as per Hurun. The city that borders Madhya Pradesh is known for its mineral wealth, but snacking companies also saw their wealth go up in the last one year.
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Four companies from Nagpur made it the list — Solar Industries India (valued at ₹48,041 cr); Haldiram Snacks (₹23,400 cr); Haldiram Foods International (₹14,000 cr) and Sarda Energy & Minerals (₹7,233 cr).
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Surat has three companies which made it to the list, but their cumulative wealth grew 48 percent in the last one year.
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While this Gujarat city is known for its diamond polishing industry, two of its companies are in the chemicals sector. Kiran Gems is worth ₹18,700 crore; Aether Industries is worth ₹11,410 crore and Anupam Rasayan India is worth ₹9,452 crore.
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The port city of Kerala houses three companies — Muthoot Finance (₹53,271 cr), Federal Bank (₹34,166 cr) and V-Guard Industries (₹13,138 cr). Their total wealth went up by 8 percent in the last one year to ₹1 lakh crore.
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Four of its companies' total wealth went up by 27 percent last year. ELGI Equipments (₹15,883 cr), Lakshmi Machine Works (₹14,252 cr), and Craftsman Automation (₹10,124 cr); KPR Mil (₹28,312 cr).
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India’s financial capital Mumbai, however, houses 159 of the most valued companies in the country which made it to the list. Their cumulative wealth ₹112 lakh crore, which went up by 4 percent in the last one year.
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