RIL remains India’s most valuable company in Burgundy Private Hurun India 500 Report

Mukesh Ambani-led Reliance Industries Limited has retained its position as India's most valuable company with a valuation of ₹17,52,650 crore in the 2024 Burgundy Private Hurun India 500 ranking based on market capitalisation.

"Here are the top 10 companies in the 2024 Burgundy Private Hurun India 500. The 2024 Burgundy Private Hurun India 500 showcases India’s top 500 companies, each valued at over a billion USD. With a qualification threshold of ₹9,580 crore, this list highlights India’s booming economy and its rise as a global powerhouse," Hurun India says via X.

Following RIL is Tata Consultancy Services (TCS), which has a valuation of ₹16,10,800 crore. In January this year, TCS became the second global IT services firm with a brand valuation of $21.3 billion, according to Brand Finance. With 826% growth in brand value over the last 15 years from $2.3 billion in 2010, TCS has cemented its position as a leader in the IT services industry.

Banking giant HDFC Bank has secured the third spot in the Hurun India ranking, with a valuation of ₹14,22,570 crore. HDFC Bank clocked a net profit of ₹16,736 crore in the third quarter ended December 31, 2024.

Bharti Airtel, India's leading telecom major, has been ranked fourth in the Hurun India ranking, with ₹9,74,470 crore valuation, while ICICI Bank follows in fifth place at ₹9,30,720 crore.

Among the top technology and IT-driven firms, Infosys has been ranked at sixth place with ₹7,99,400 crore, while HCLTech made it to the ninth spot with a valuation of ₹5,18,170 crore.

The consumer goods giant ITC Ltd has ranked in seventh place at ₹5,80,670 crore, continuing its steady growth. Larsen & Toubro (L&T), one of India's largest engineering and infrastructure companies, has secured the eighth spot with ₹5,42,770 crore. NSE (National Stock Exchange) has emerged as a key financial institution, with a valuation of ₹4,70,250 crore.

In another report released with HSBC in January 2025, Hurun Global's Indians list highlighted the underrepresentation of women among Indian-origin CEOs worldwide. Of the 200 companies on the list, with 226 CEOs, only 12 were women, making up almost 6% of the total.

While Microsoft’s Satya Nadella, Alphabet’s Sundar Pichai, and YouTube’s Neal Mohan were among the top Global Indians on the list, Leena Nair, Global CEO of Chanel, was acknowledged as the most influential woman of Indian origin. Similarly, only seven Indian-origin CEOs on the list were under 40, hinting towards the longer gestation cycles for Indians to reach top leadership positions abroad.

The youngest of the lot was Tanay Tandon, co-founder and CEO of Commure, who made it to the list at just 27 years old. Commure provides a healthcare operating system for U.S. customers, connecting and supporting health institutions across the ecosystem to keep clinicians and staff connected, protected, and productive during moments of care. Commure serves customers exclusively in the United States. He was followed by Aravind Srinivas, the 30-year-old co-founder and CEO of Perplexity. Perplexity has gained global prominence for developing an AI competitor to search engines like Google.