Mukesh Ambani lost the crown of the richest Indian to Gautam Adani this year, but his company Reliance Industries has emerged as the leader across key metrics of valuation, revenue, and profitability, as per the 2022 Burgundy Private Hurun India 500 list.For the second consecutive year, Reliance Industries retains the title of most valuable firm, with a total market value of 17.25 lakh crore and an increase of 3.6% from the previous year. It’s interesting to note that Reliance Industries alone accounts for almost 25% of the $72 lakh crore valuation of the top 10 companies on the list. Additionally, Reliance Industries alone accounts for 8.9% of India’s GDP, even though Hurun India estimates that these ten corporations account for 37% of the nation’s GDP.Tata Consultancy Services (TCS), was the second-most valued firm on the list with a value of 11.68 lakh crore, also holds the title of being the largest employer. With a value increase of 10.52 lakh crore over the last five years, Reliance Industries has also emerged as one of the finest value producers. TCS, however, saw a valuation gain of just over 4.4 lakh crore. The combined valuation of the soon-to-be-merged HDFC twins is $12.82 lakh crore.
In terms of revenue, Reliance Industries came in first, followed by Tata Steel and Motors.While the majority of the businesses on the list are in the financial services, automotive, telecom, information technology, and metals sectors, Rajesh Exports stands out. Established in 1995, Rajesh Exports is a gold dealer with offices in Bengaluru. It sells gold and other high-end jewellery while refining the designs. In terms of net profit, too, Reliance Industries comes out on top. While it recorded a 26% growth in net profit, metal companies Tata Steel and JSW Steel recorded triple-digit growth in their net profit on a year-on-year basis.
The Adani Group leads the list of the top ten corporations in terms of the top gainers for the year, with five of the group companies gaining a total of $8.42 lakh crore in value. While the top ten companies in the list added a cumulative u20b912,99,813 crore to their value, the five Adani Group companies added u20b98,42,439 crore, or nearly 65% of the total increase.
Comment down below.
