Feb 12, 2024
By: Sourabh Jain
Credit: BCCL
Here are the top 10 companies with the highest value as per the 2023 Burgundy Private Hurun India 500 list. Out of the ten companies, three companies have reported a year-on-year decline.
Credit: Canva
Mukesh Ambani-led Reliance Industries continues to top the list with a value of ₹15.65 lakh crore. The company reported a decline of 9.3 percent year-on-year in 2023.
Credit: Reliance Industries
IT giant Tata Consultancy Services is India’s second biggest company with a value of ₹12.36 lakh crore. The company has reported a 5.8 percent growth in 2023.
Credit: IANS
HDFC Bank continues in the third position after its merger with HDFC. The company’s value has increased by 35.1% to reach ₹11.26 lakh crore in 2023.
Credit: BCCL
ICICI Bank has improved its ranking to reach the fourth position with a value of ₹6.48 lakh crore. The company has reported a growth of 2.3 percent in the past year.
Credit: BCCL
Infosys dropped down to the fifth position and has become the company to report the biggest decline among the top ten companies. Infosys reported a decline of 11.7% in the past year and is valued at ₹5.72 lakh crore.
Credit: Infosys
Bharti Airtel, one of India’s biggest telecom operators is on the sixth position with a value of ₹5.56 lakh crore. The company has reported a growth of 13.5 percent in the last one year.
Credit: BCCL
FMCG and hospitality giant ITC has climbed up to the seventh position vacated by HDFC. The company is valued at ₹5.37 lakh crore and reported a growth of 24.2 percent in the last year.
Credit: ITC
Construction giant Larsen & Toubro is a new entrant in the top 10 companies and occupies the eighth position. The company is valued at ₹4.02 lakh crore and has reported a 41.5 growth over the last year.
Credit: Larsen & Toubro
IT giant HCL is another addition to the top ten and is valued at ₹3.43 lakh crore. HCL, founded by Shiv Nadar, reported a growth of 21.5 percent in the last one year.
Credit: BCCL
Kotak is the third new entrant to the top 10 most valuable companies list. The company has a value of ₹3.41 lakh crore and reported a decline of 9.6 percent in the last year.
Credit: BCCL