2022 Burgundy Private Hurun India 500 most valuable companies: 43 companies are based in Tamil Nadu
- The cumulative value of companies from Tamil Nadu stands at INR 8.3 lakh crore
- Big 3: With a value of INR 64,955 crore, Apollo Hospitals Enterprise is Tamil Nadu’s most valuable company, followed by Cholamandalam Investment and Finance Company with INR 58,243 crore and TVS Motor Company with INR 54,447 crore
- One company doubled in value from Tamil Nadu in 2022 Burgundy Private Hurun India 500 List
- Financial Services led the way with 12 companies, followed by Automobile & Auto Components and Healthcare with 8 and 4 entrants respectively
- Total sales of companies from Tamil Nadu in the 2021 Burgundy Private Hurun India 500 List cumulated to INR 3.7 lakh crore
- The 2022 Burgundy Private Hurun India 500 companies from Tamil Nadu employ 3.2 lakh people in total, with an average of 7,400 employees
- The average age of companies from Tamil Nadu in this list is 54 years
December 1, Chennai: Burgundy Private, Axis Bank’s Private Banking Business and Hurun India launched the ‘2022 Burgundy Private Hurun India 500’. This is the second edition of the list of the 500 most valuable companies in India. These companies are ranked according to their value, defined as market capitalization for listed companies and valuations for non-listed companies. Hurun Report India and Burgundy Private launched a further analysis of most valuable non-state-controlled companies from Tamil Nadu in the 2022 Burgundy Private Hurun India 500 List. The cut-off date to arrive at this list was 30th October 2022. This list refers to companies headquartered in India only; state-owned companies and subsidiaries of foreign as well as Indian companies are not included.
Commenting on the launch, Amitabh Chaudhry, Managing Director and Chief Executive Officer, Axis Bank said: "Burgundy Private is delighted to have partnered again with Hurun India in celebrating India’s 500 most valuable companies. The 2nd edition of the Burgundy Private Hurun India 500 report, featuring India’s 500 most valuable companies, could not have come at a better time. From a ‘rare bright spot,’ when most world economies are staring at a slowdown, India is slated to be entering its decade of eminence. Indian companies and their leadership deserve great acclamation for their contribution to the country’s unique positioning today, and they will play an even bigger role in making India the world’s third largest economy over the next decade.”
“Despite global challenges, the companies on the ‘2022 Burgundy Private Hurun India 500’ list created value to the tune of INR 226 lakh crore (USD 2.7 trillion), for their stakeholders. As India’s leading wealth management franchise, Burgundy Private witnessed this value creation from close quarters. The companies on this year’s list contributed immensely to nation building. The top line of these 500 companies is equivalent to 29% of India’s GDP, and these companies employ up to 1.5% of the country’s total workforce. What stood out in the report is that 67 companies on the list are younger than 10 years. These new-age companies will indeed shape the coming decade with their entrepreneurship, technology and digital innovations.”
“Axis Bank remains optimistic about the growth opportunities in the Indian economy. Our ability to deliver 'One Axis’ as a full-service bank, offering varied solutions across all financial services, is a key area of our distinctiveness, allowing us to bring unique solutions to our customers. As India moves towards its most important decade, we look forward to partnering with the companies on the 2022 Burgundy Private Hurun India 500 list, as they move towards the next milestone in their growth journey”, he added.
Anas Rahman Junaid, MD and Chief Researcher, Hurun India said: “Hurun India is delighted to partner with Burgundy Private, Axis Bank’s Private Banking Business to release the 2022 Burgundy Private Hurun India 500. The 2022 Burgundy Private Hurun India 500 is a sanguine representation of the evolution of the economy. Tamil Nadu has a diverse manufacturing sector and leads across several industries like automobiles, auto components, engineering, pharmaceuticals, garments, textile products, leather products, chemicals, plastics, etc., With structural reforms and infrastructural investments being championed by 2022 Burgundy Private Hurun India 500 companies in Tamil Nadu such as Ashok Leyland, MRF, TVS Motors, the state is playing a significant role in democratizing mobility and bridging the gap between urban and metro India. Tamil Nadu has the maximum number of factories in India including micro, small and mid-sized units. The state aims to be a trillion-dollar economy by 2030-31 with huge investments in manufacturing of aviation engine parts and defence equipment.”
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