GDP of Saudi Singapore is less than the value of these 500 private enterprises in the nation; Reliance leads for the third time
Economy: After the merger, HDFC Bank is in third place after crossing the valuation of Rs 10 lakh crore. The top 500 companies include both listed and unlisted companies. The growth rate of sales of these companies has increased by 13 per cent to $952 billion.
The valuation of the country's top-500 private companies has increased to Rs 231 lakh crore in 2023 compared to 2022. This is 71 per cent of the country's GDP. Also, the GDP is higher than that of Saudi Arabia, Switzerland and Singapore.
According to the Hurun India-Axis Bank report released on Monday, Reliance Industries remains at the top among the top 500 companies for the third year running. Its capitalization has been Rs 15.65 lakh crore. TCS is in second place with Rs 12.4 lakh crore.
HDFC Bank has risen to the third rank following the merger, surpassing the valuation of Rs 10 lakh crore. Listed and unlisted businesses are both included in the Top 500 ranking. These companies' sales growth rate grew to $952 billion, a 13% rise. Amitabh Chaudhary, MD of Axis Bank, stated that these 500 businesses employ 70 lakh people.
Among the top 10 are Kotak Mahindra Bank and HCL Tech. Jio Financial is ranked twenty-eighth. The service industry accounts for 44% of the businesses. 56% of sales are of tangible goods. 437 companies have women on their boards. There are 179 examples where women are CEOs. 342 companies now have a higher value. The cost of 18 has more than doubled.
- Suzlon witnessed the highest property creation with 436% growth. The wealth of Jindal Stainless and JSW Infra has increased five and four times.
- The startup suffered a loss of Rs 4 lakh crore. The biggest decline was in Byju's, DealShare and PharmEasy.
