The National Stock Exchange (NSE) has been recognized as the most valuable unlisted company in India, as per the 2024 Burgundy Private Hurun India 500 report. Mumbai-based NSE jumped by an astonishing 201% in value, attaining an estimated worth of Rs 4.70 lakh crore.
This year’s report signified a notable shift, with the Serum Institute of India, the prominent vaccine manufacturer from Pune, relinquishing its previously maintained position and falling to second place. The valuation of the Serum Institute rose by 10%, reaching Rs 2.11 lakh crore; however, this growth was insufficient to uphold its leading status in the rankings.
ALSO READAre FIIs anticipating a large fall in the market?
The 2024 Burgundy Private Hurun India 500 showcases the impressive expansion of unlisted firms, with numerous companies experiencing notable increases in their valuations.
The rankings also showed some intriguing shifts within the list of the top 10 private companies. Zoho Corporation, which experienced a 58% increase in value, moved up to the third position with a valuation of Rs 1,03,760 crore. Zerodha, a fintech firm based in Bengaluru, also saw a 50% growth, securing the fourth position with a valuation of Rs 87,750 crore.
In the meantime, Megha Engineering & Infrastructures saw a slight growth of 15%, earning the fifth spot with a valuation of Rs 77,860 crore, whereas Parle Products increased by 16% to take the sixth position with a worth of Rs 68,640 crore.
In the group of unlisted companies within the top 10, Intas Pharmaceuticals and Dream11 experienced minor value growths of 10% and 13%, respectively. Meanwhile, Razorpay, the foremost payments platform, achieved an 11% increase, securing the ninth position with a value of Rs 63,620 crore.
ALSO READStocks To Watch: Marico, Adani Group, Bharti Airtel, and others
Furthermore, Amalgamations, a company based in Chennai, made its debut in the top 10 with a value surge of 68%, reaching Rs 56,660 crore.
Unlisted firms make up 22% of the 2024 rankings, reflecting a 4% drop from the previous year. To be eligible for the ‘2024 Burgundy Private Hurun India 500’ list, companies need to have a minimum valuation of Rs 9,580 crore, which is about US$1.1 billion, as of 13 December 2024. The average age of the companies featured on this list is 43 years.
» Read More
