From SII to Godrej, here're the 10 most valuable bootstrapped companies in India

Oct 9, 2024

By: Ankush Banerjee

Credit: iStock

An internal affair

In a world dominated by venture capital and large-scale investments, a select group of Indian companies have thrived without external funding. Here are the 10 most valuable bootstrappers, based on the data from the 2023 Burgundy Private Hurun India 500 report.

Credit: iStock

#10: GamesKraft (Bengaluru) - Valuation: Rs 12,300 crore

A gaming company that has made its mark in the online gaming and entertainment industry, focusing on skill-based gaming platforms.

Credit: @GameskraftIndia/via X

#9: Godrej & Boyce Manufacturing Company (Mumbai) - Valuation: Rs 26,200 crore

Part of the Godrej Group, it operates in multiple sectors including appliances, furniture, and security solutions, contributing significantly to India's industrial growth.

Credit: Godrej

#8: Amalgamations (Chennai) - Valuation: Rs 33,800 crore

A diversified conglomerate with a presence in sectors like automotive components, manufacturing, and industrial products, known for its legacy and innovation.

Credit: Amalgamations

#7: Inox Air Products (Mumbai) - Valuation: Rs 35,000 crore

A prominent player in the industrial gases sector, supplying essential gases like oxygen and nitrogen to various industries, including healthcare.

Credit: Inox Air Products

#6: Macleods Pharmaceuticals (Mumbai) - Valuation: Rs 41,700 crore

A fast-growing pharmaceutical company focusing on affordable and high-quality medicines in both the domestic and international markets.

Credit: Macleods Pharmaceuticals

#5: Zerodha (Bengaluru) - Valuation: Rs 58,500 crore

India’s leading discount brokerage firm, revolutionising the stock trading industry with its zero-brokerage model and user-friendly technology platform.

Credit: Zerodha

#4: Parle Products (Mumbai) - Valuation: Rs 59,400 crore

One of India's largest and oldest food companies, best known for its iconic biscuits and snacks, which are household names across the country.

Credit: Parle Products

#3: Zoho Corporation (Chennai) - Valuation: Rs 65,700 crore

A global technology company offering cloud-based software solutions for business operations, renowned for its innovation and commitment to data privacy.

Credit: Zoho Corporation

#2: Megha Engineering and Infrastructure (Hyd) - Valuation: Rs 67,500 crore

A leading player in infrastructure development, specialising in water and power projects, irrigation, and transportation, with a robust presence across India.

Credit: Megha Engineering and Infrastructure/via Linkedin

#1: Serum Institute of India (Pune) - Valuation: Rs 1,92,300 crore

The world's largest vaccine manufacturer, known for producing a wide range of vaccines at affordable prices, contributing significantly to global immunisation efforts.

Credit: Serum Institute of India

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