New Delhi: Mukesh Ambani’s Reliance Industries maintains its top spot for the third consecutive year on the list of India’s most valuable companies, boasting a valuation of Rs 20 lakh crore.
The 2023 Burgundy Private Hurun India 500 list, which covered data from October 2022 to October 2023 to announce India’s most valuable companies, was released recently. To be considered for the list, companies needed to have a minimum value of Rs 6,700 crore.
The merger of HDFC Ltd with HDFC Bank enabled HDFC Bank to become the third Indian company to exceed Rs 10 lakh crore in market capitalization.
The Serum Institute Of India leads the list of most valuable unlisted companies in the country, followed by the National Stock Exchange of India and Megha Engineering and Infrastructure.
Suzlon Energy, with a remarkable 436% annual growth, emerges as the fastest-growing firm on the list, trailed by Jindal Stainless and JSW Infrastructure.
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