With 20 of the most valuable companies in the world, India has reached up to the fifth position among countries that are home to the world’s top 500 firms. In the previous year’s report, it ranked ninth with eight companies. The US continued to top the charts, according to the 2022 Hurun Global 500 list.
Of the 20 Indian companies featuring on the list this year, 11 are Mumbai based, four in Ahmedabad and one each in Noida, New Delhi, Bengaluru and Kolkata. The list, published by the Hurun Research Institute, is a compilation of the 500 most valuable non-state-controlled companies in the world. Companies were positioned as per their market capitalisation (for listed companies) and valuations for non-listed companies.
With a valuation of $202-billion, Reliance Industries (RIL) ranked first on the charts of Indian companies, while it ranked 34th in the world. It was followed by Tata Consultancy Services ($139 billion) and HDFC Bank ($97 billion).
The list also witnessed the admission of four companies — Adani Transmission, Adani Green Energy, Adani Enterprises and Adani Total Gas — led by billionaire Gautam Adani, with a total valuation of $173 billion.
Financial services peaked the chart, with seven companies featuring on the list, followed by software and services and energy with three companies each.
City-wise, New York led the charts, Mumbai moved up three places to fifth, while Ahmedabad was the fastest-growing city in the world for Global 500 companies.
