India ranked 5th in the 2022 Hurun Global 500 list of valuable companies

Tags: Economy/Finance International News

According to the recently released Hurun Global 500 list 2022, India, with 20 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 India was ranked 9th with 8 companies.

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 capitalization (for listed companies) and valuations for non-listed companies.

Top ranked Indian companies 

The top ranked Indian companies in the Hurun 500 list are as follows;

• Reliance Industries Limited was the top ranked Indian company. It was ranked 34th in the world.
• Tata Consultancy Services (TCS) was ranked second , and 
• HDFC bank was ranked third.

For the first time, 4 Adani group companies also made to the list. These companies are; Adani Transmission, Adani Green Energy, Adani Enterprises and Adani Total Gas. 

Top ranked company in the world 

US based Apple was the top ranked company followed by Microsoft, Alphabet (owner of Google), Amazon and Tesla.

Country wise ranking 

• The United States of America with 260 companies came at the top. It was followed by 
• China with 35 companies,
• Japan with 28 companies, 
• The United Kingdom with 21 companies ,
• India and Canada were at the 5th position with 20 companies each.

Of the 20 Indian companies featured on the list this year, 11 are based in Mumbai, four in Ahmedabad and one each in Noida, New Delhi, Bengaluru and Kolkata. 

Hurun 

It was set up in the United Kingdom by Rupert Hoogewerf in 1999. Hurun is a research, media and investments group, which publishes a series of research reports. 

The Company is headquartered in Shanghai, China.