Top 10 Unlisted Indian Companies – Burgundy Private Hurun India 500

June 21, 2022
Rinie Wilson
Posted in What’s Buzzing

The Burgundy Private Hurun India 500 has issued a list of the 500 most valuable companies that are headquartered in India. In the list, Government/ State-owned companies and subsidiaries of foreign companies are excluded.

The Burgundy Private Hurun India 500 – Special Report features some of the most valuable unlisted companies too. National Stock Exchange of India overtakes the Serum Institute of India to become the most valuable unlisted company in India.

National Stock Exchange of India is the most valuable unlisted company in India growing by 35.6% to INR 2,28,100 crore.

Burgundy Private Hurun India 500-Special Report Top 10 unlisted companies

Rank	Company	Value (INR Cr)	Change (%)	Headquarters	CEO
1	National Stock Exchange of India	2,28,100	35.6%	Mumbai	Vikram Limaye
2	Serum Institute of India	1,75,000	-4.6%	Pune	Adar Poonawalla
3	BYJU’S	1,68,300	24.7%	Bengaluru	Byju Raveendran
4	Swiggy	81,800	98.3%	Bengaluru	Sriharsha Majety
5	OYO	73,400	4.1%	Gurugram	Ritesh Agarwal
6	Dream11	61,200	2.0%	Mumbai	Harsh Jain
7	Razorpay	57,400	155.1%	Bengaluru	Harshil Mathur
8	Ola cabs	55,800	148.0%	Bengaluru	Bhavish Aggarwal
9	Intas Pharmaceuticals	53,300	0.0%	Ahmedabad	Nimish Chudgar
10	Parle Products	49,800	93.0%	Mumbai	Vijay Kantilal Chauhan

Methodology

For unlisted companies, Hurun Research’s valuation is based on a comparison with their listed equivalents using prevailing industry multiples such as Price to Earnings, Price to Sales, EV to sales, and EV to EBITDA.

About Hurun India

Hurun Report is a leading research, luxury publishing, and events group established in London in 1998 with a presence in India, China, France, the UK, USA, Australia, Japan, Canada, and Luxembourg. It is widely recognized world-over for its comprehensive evaluation of the wealthiest individuals across the globe. Hurun Report is the largest compiler of the rich list globally.