- To Mukesh Ambani
Reliance Industries topped the charts on the key metrics that matter most – value, revenue and earnings, according to 2022 Burgundy PrivateHurun India 500 list. - Reliance Industries also emerged as the largest value creator in the last five years, adding ₹10.52 lakh crore to investors’ wealth.
- The Adani group dominated the list of top gainers this year, with five of its group companies adding Rs 8.42 lakh crore to investors’ wealth.
Mukesh Ambani lost the crown of India’s richest man to Gautam Adani this year, but his company Reliance Industries emerged as the leader in key metrics of valuation, revenue and profitability, according to the Burgundy Private Hurun India 500 2022 list.
Reliance Industries retained its most valuable company tag for the second year in the list, with a total value of ₹17.25 lakh crore and a profit of 3.6% year-on-year.
Interestingly, Reliance Industries alone accounts for almost a quarter of the ₹72 lakh crore value of the top ten companies on the list, according to the report. Also, while these ten companies account for 37% of India’s GDP, according to Hurun India, Reliance Industries alone accounts for 8.9% of the country’s GDP.
With a value of ₹11.68 lakh crore, Tata Consultancy Services (TCS) was the second most valuable company in the list with the added distinction of being the largest employer.
Reliance Industries has also emerged as one of the top value creators over the past five years, with its value increasing by ₹10.52 lakh crore during the period. On the other hand, the value of TCS increased by a little over ₹4.4 lakh crore.
The soon-to-be merged HDFC twins have a combined value of ₹12.82 lakh crore.
Reliance Industries also topped the revenue charts, followed by Tata Motors and Tata Steel.
It is worth noting that Tata Group dominates the list of top ten companies by revenue with three of their companies there, but their combined revenue still lags that of Reliance Industries.
While most of the companies on the list are from the financial services, automotive, telecom, IT and metals sectors, there is one company – Rajesh Exports – that stands out.
Rajesh Exports is a Bengaluru based gold retailer founded in 1995. It specializes in designs and sells gold and other luxury jewellery.
In terms of net profit also Reliance Industries comes out on top. While it reported 26% growth in net profit, steel majors Tata Steel and JSW Steel recorded triple-digit growth in their net profit year-on-year.
In terms of top earners for the year, the Adani Group dominated the top ten list with five of the group companies adding a cumulative ₹8.42 lakh crore in terms of value.
While the top ten listed companies added a cumulative ₹12,99,813 crore to their value, the five Adani Group companies added ₹8,42,439 crore, or nearly 65% of the total increase.
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