India’s 500 most valuable companies worth more than country's GDP: Report

India’s most valuable companies have continued to grow despite the economic effects of the COVID-19 pandemic. Burgundy Private, which is Axis Bank’s private banking business, and Hurun India launched the first edition of the ‘2021 Burgundy Private Hurun India 500,’ which lists India’s 500 most valuable companies. The total value of the 500 companies on the list is nearly Rs 228 lakh crore, a figure that’s higher than India’s GDP for FY2021.

The list consists of the 500 most valuable companies in the country that are headquartered in India, excluding any government-owned enterprises and subsidiaries of any foreign companies.

“It is easy to see why Burgundy Private Hurun India 500 represents the most powerful group of companies in India. With a total value of US$3 trillion, which is more than India’s current GDP, they make up the backbone of India’s economy. Together, these 500 companies had combined sales of US$770 billion, and employed 6.9 million staff, which is more than the working population of United Arab Emirates,” said Anas Rahman Junaid MD and Chief Researcher, Hurun India.