- Mukesh Ambanis
dependent industriestopped the charts in the key metrics that matter most: value, revenue and profit, according to the 2022 Burgundy Private Hurun India500 list.
- Reliance Industries also emerged as the largest value creator in the past five years, adding ₹10.52 lakh crore to investors’ wealth.
- The Adani Group dominated this year’s list of top value increases, with five of its group companies adding ₹8.42 lakh crore to investors’ wealth.
Mukesh Ambani lost the crown of the richest Indian this year to Gautam Adani, but his company Reliance Industries has emerged as the leader in terms of valuation, revenue and profitability, according to the 2022 Burgundy Private Hurun India 500 list.
Reliance Industries retains its most valuable company tag for the second year on the list, with a total value of ₹17.25 lakh crore and an annualized profit of 3.6%.
Interestingly, Reliance Industries alone accounts for almost a quarter of the ₹72 lakh crore worth of the top ten companies on the list, according to the report. While these ten companies account for 37% of India’s GDP, according to Hurun India, Reliance Industries alone accounts for 8.9% of the country’s GDP.
Valued at ₹11.68 lakh crore, Tata Consultancy Services (TCS) was the second most valuable company on the list with the added distinction of being the largest employer.
Reliance Industries has also emerged as one of the top value creators in the past five years, with its value rising by ₹10.52 lakh crore during this period. On the other hand, the value of TCS increased by just over ₹4.4 lakh crore.
The soon-to-be merged HDFC twins are worth ₹12.82 lakh crore together.
Reliance Industries also topped the charts in terms of revenue, followed by Tata Motors and Tata Steel.
It is worth noting that the Tata Group dominates the list of top ten companies by revenue with three of their companies there, but their combined revenue still lags behind Reliance Industries.
While most of the companies on the list come from the financial services, automotive, telecom, IT and metal industries, there is one company – Rajesh Exports – that stands out.
Rajesh Exports is a Bengaluru-based gold merchant founded in 1995. It refines designs and sells gold and other luxury jewellery.
Reliance Industries also comes out on top in terms of net profit. While it posted a 26% growth in net profit, metals companies Tata Steel and JSW Steel posted triple-digit net profit growth year-over-year.
In terms of top risers during the year, Adani Group dominates the list of the top ten companies with five of the group companies adding a cumulative value of ₹8.42 lakh crore.
While the top ten companies in the list added a cumulative ₹12,99,813 crore to their value, the five Adani Group companies added ₹8,42,439 crore, or almost 65% of the total increase.
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