Hurun Global 500 list: 12 Indian companies make it this year; RIL tops Indian list, ITC drops out
Companies like Wipro, Asian Paints and HCL have also made their way to this year’s list, while cigarettes-to-hotels conglomerate ITC Ltd dropped out
As many as 12 Indian companies have found a place among the world’s most valuable companies in the Hurun Global 500. The Indian entry to the list is up from 11 in the previous year.
Billionaire Mukesh Ambani-led Reliance Industries (RIL) topped the Indian list with a staggering market capitalization (m-cap) of $188 billion, followed by Tata Consultancy Services (TCS) with an m-cap of $164 billion. India’s largest private lender HDFC Bank finished third in this coveted list with an m-cap of $113 billion. Other big Indian names like Wipro, Asian Paints and HCL have made their way to this year’s list, while cigarettes-to-hotels conglomerate ITC Ltd dropped out.
RIL stumbled two places to 57th rank despite its valuation going by 11% during the period. With an 8% dip in valuation, Kotak Mahindra Bank fell to the 380th rank, while rival ICICI Bank went up to the 268th rank with a 36% surge in valuation, the Hurun List showed. Debutants Wipro, Asian Paints and HCL grabbed the 457th, 477th and 498th rank, respectively.
Mumbai leads India’s list, followed by Bengaluru
Country wise, with 12 companies making it to the list, India has overtaken Australia to claim the 9th spot. Out of the 12 companies, eight are from India’s financial capital Mumbai. Start-up capital Bengaluru finishes second with 2 companies, while the national capital Delhi and neighbouring Noida finish third with one company each.
Software and financial services sectors led the game with four companies, followed by telecommunications with two companies finding place in the list.
Apple remains at the top
As far as the overall rankings are concerned, tech giant Apple has retained the first spot on this list with an m-cap of $2.4 trillion, which has gone up by 15% and is tagged as the most valuable company in the world. The list of the six most valuable companies remained the same with Apple at the top followed by Microsoft, Amazon, Alphabet, Facebook and Tencent.
The cut-off m-cap for 2021 was $36.6 billion, up 15%, while the cut-off date for this list was July 15. With 243 companies on the list of 500, the United State leads globally. China secured the second spot with 47 companies, down by four from last year and Japan finished third with 30 companies.