Hurun India 500 list: Reliance, TCS, and HDFC Bank among India’s most valuable companies

Hurun India 500 List: Reliance Industries, TCS, and HDFC bank are among India's top 10 most valuable companies, according to the 2024 Burgundy Private Hurun India 500 list.

The list, created by Axis Bank's banking unit Burgundy Private and Hurun India says that India's top 500 companies have a combined value of $3.8 trillion, which is higher than India's own GDP and also the combined Gross Domestic Product (GDP) of the UAE, Indonesia, and Spain. The top 10 companies alone have a higher combined value than Saudi Arabia’s GDP.

All of these companies have outperformed the domestic stock market benchmark indices, the BSE Sensex and the NSE Nifty 50, which grew by 27% and 30%, respectively, while the average growth of the companies was 40%.