365Telugu.com online news, Mumbai, February 20th, 2025: Burgundy Private, the private banking division of Axis Bank, in collaboration with Hurun India, has unveiled the 2024 Burgundy Private Hurun India 500-the fourth edition of the list recognizing India’s 500 most valuable companies.
ఇది కూడా చదవండి…ప్రజారోగ్య వైద్యులకు టైం బౌండెడ్ ప్రొమోషన్స్ కల్పించాలి: తెలంగాణ ప్రభుత్వ వైద్యుల సంఘం
ఇది కూడా చదవండి…చిరంజీవి బ్లడ్ బ్యాంక్లో రక్తదానం చేసిన సంగీత దర్శకుడు మణిశర్మ
This ranking evaluates companies based on market capitalization (for listed entities) and valuation (for unlisted firms). The list exclusively features Indian-headquartered companies, excluding state-owned enterprises and subsidiaries of both Indian and foreign firms.
To qualify for the 2024 Burgundy Private Hurun India 500, companies must have a minimum valuation of INR 9,580 crore (US$1.1 billion) as of December 13, 2024. The average age of these companies is 43 years, and their combined value amounts to INR 324 lakh crore (US$3.8 trillion).
Over the past year, the BSE SENSEX rose by 27%, NIFTY 50 by 30%, and the S&P BSE 500 by 38%.
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Corporate Leadership & Economic Growth
Amitabh Chaudhry, Managing Director & CEO, Axis Bank, commented:
“Burgundy Private is proud to partner with Hurun India once again to highlight India’s corporate leaders. This year’s report showcases companies that are redefining strategies, driving innovation, and adapting to market shifts.
The rising entry threshold-jumping 43% to INR 9,580 crore-reflects India’s growing economic strength. These companies collectively employ 8.4 million people, contribute INR 2.2 lakh crore in taxes, and allocate INR 10,939 crore to CSR initiatives.
With a total valuation exceeding India’s GDP and the combined GDPs of UAE, Indonesia, and Spain, they form the backbone of our economy.”
He further emphasized Axis Bank’s commitment to India’s financial ecosystem, stating:
“Through Burgundy Private, we empower investors with tailored wealth management solutions, leveraging our ‘One Axis’ ecosystem.
With our AUM reaching over US$24 billion-a 31% YoY increase-we continue to be a trusted financial partner for India’s wealthiest families.”
Anas Rahman Junaid, Founder & Chief Researcher, Hurun India, highlighted key trends:
- India’s Private Sector Backbone:
- The 500 companies collectively hold a valuation higher than India’s annual GDP and employ 8.4 million people.
- 82 new companies joined the list, replacing one-third of the firms from three years ago, highlighting rapid shifts in India’s corporate landscape.
- Key growth sectors: Industrial products, healthcare, and energy.
- Major drop-off sector: Financial services.
- Global Presence & Startups:
- 296 companies (59%) have an international footprint, with 31 operating in over 100 countries.
- Indian startups are gaining momentum—startups on the list reversed last year’s INR 4 lakh crore decline and added INR 4.4 lakh crore in new value.
- Zomato alone contributed INR 1.7 lakh crore, while Zepto, Physics Wallah, and Oyo secured funding at higher valuations.
- Sectoral & Regional Shifts:
- Financial services lead with 63 companies valued at INR 62 lakh crore (19% of total value).
- Aerospace & Defence saw a 74% valuation surge, driven by commercialization and space-tech advancements.
- Education sector’s CAGR hit 47%, with Physics Wallah reporting 172% growth and a valuation increase of INR 14,900 crore.
- Tata Group remains dominant, contributing 10% of total value with 15 companies. Adani Group expanded to 9 firms, while Reliance’s 3 companies secured the second-highest cumulative valuation.
- Changing Business Landscape:
- Haryana entered the top three states, overtaking Mumbai and Bangalore, as business activity expanded in Gurugram, Noida, and Hyderabad.
- Workforce expansion was notable, with 1.4 million new jobs added, marking a 20% increase.
- Women’s leadership is rising, with 17% of board seats occupied by women and 13 new female leaders stepping into key roles.
- Challenges & Opportunities in AI:
- No Indian AI company has reached the scale of OpenAI or DeepSeek, signaling a critical gap.
- While global companies leverage AI for innovation, Indian enterprises must accelerate AI adoption to remain competitive.
“The 2024 Burgundy Private Hurun India 500 highlights the evolving nature of India’s economy. As Indian firms expand globally and new sectors gain prominence, this list serves as a roadmap for understanding India’s corporate future.
We are proud to continue this partnership with Axis Bank and look forward to witnessing these companies shape India’s path to becoming a US$5 trillion economy,” concluded Anas Rahman Junaid.