India moves up to 5th place in list of world’s valuable firms
Financial Express Mumbai|December 10, 2022
RELIANCE LEADS 20 INDIAN COMPANIES IN HURUN GLOBAL 500 RANKINGS
RAJESH KURUP
India moves up to 5th place in list of world’s valuable firms

INDIA, WITH 20 of the most valuable companies in the world, has moved into the fifth position among countries that are home to the world's top 500 firms. Last year, it ranked ninth with eight companies. The US continued to top the charts, according to the 2022 Hurun Global 500 list.

Of the 20 Indian companies featuring on the list this year, 11 are based in Mumbai, four in Ahmedabad and one each in Noida, New Delhi, Bengaluru and Kolkata. The list, released by the Hurun Research Institute, is a compilation of the 500 most valuable non-state-controlled companies in the world. Companies were ranked according to their market capitalisation (for listed companies) and valuations for non-listed companies.

With a $202-billion valuation, Reliance Industries (RIL) topped the charts of Indian companies, while it ranked 34th in the world. It was followed by Tata Consultancy Services ($139 billion) and HDFC Bank ($97 billion). The list also saw the entry of four companies - Adani Transmission, Adani Green Energy, Adani

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