A total of 11 Indian companies are listed in the 2020 Hurun Global 500, which is a list of 500 most valuable private companies in the world. Mukesh Ambani’s Reliance Industries leads among the Indian companies with a 20.5% growth and a market cap of $168.8 billion. The multinational conglomerate is ranked 54th internationally in the Hurun Global 500.
Tata Consultancy Services, which recently hit Rs. 12 lakh crores market cap, grew by 30% in 2020. This growth takes the company’s market cap to $139 billion. It puts the global tech giant on the second spot in India based companies and 73rd globally. Indian banking and financial services company HDFC grew 11.5% taking its market cap to $107.5 billion. Other Indian companies that are on the list include:
Hindustan Lever: Consumer goods giant Hindustan Lever grew a good 3.3% taking its market cap to $68.2 billion.
Infosys: IT outsourcing and consulting giant Infosys grew a whopping 55.6% taking its market cap to $66 billion.
HDFC LTD: HDFC LTD grew 2.1%, pegging the market cap at $56.4.
Kotak Mahindra: Financial services company Kotak Mahindra grew 16.8% taking the market cap to $50.6 billion.
ICICI: Private financial consultancy and banking company ICICI was in negative with –0.5% and a market cap at $45.6 billion.
ITC: FMCG company ITC’s valuation decreased as well with a –22% growth change and a market cap at $32.6 billion.
The total valuation of these companies grew to 14% at $805 billion. For context, $805 billion is nearly one-third of India’s GDP. State-operated multinational bank State Bank of India, which has a market cap of $33 billion, could have made the list but didn’t as Hurun Global 500 only focuses on private companies.
Companies in the 2020 Hurun Global 500 are ranked according to their value, also defined as market capitalisation for private companies.
Anas Rahman Junaid, MD, Hurun India said, “Although only 11 companies from India made it to the Hurun Global 500, it is interesting to note that more than half of the non-Indian companies in Hurun Global 500 have their regional presence in India, demonstrating the importance of India in the global supply chain and the country’s demographic dividend.”
The Hurun Global’s report stated that regardless of the coronavirus pandemic, the local inventory markets grew 12% which clarifies the increase in valuations.
Here are some other key facts coming straight from the Hurun Global 500:
-To no one’s surprise, the top spot of the Global 500 list is taken by tech giant Apple. Apple’s market cap is at $2.1 trillion. It is followed by Microsoft and Amazon, with a market cap of $1.6 trillion. Social Media giant Facebook came at fifth position with a market cap of $ 816 billion, followed by Tencent Holdings ($715 billion), Alibaba ($712 billion) and Berkshire Hathaway ($548 billion).
-The United States reported for almost half of the Global 500 companies with 242 companies taking their respective spots. China followed the USA with 51 companies and trailing on the third spot is Japan, at 30 companies.
-If we add up the total market cap of all 500 companies in the Global 500, the total value hits $50 trillion. This amount is equivalent to the combined GDP of the biggest six economies in the world (the US, China, Germany, Japan, India and UK).
-The 500 companies in the Hurun Global 500 list employ a total of 43 million people (86,000 employees per company on average). This is equivalent to the entire working population of Germany.
-The overall sales of these firms stand at $18 trillion, which is more than the GDP of China.