Dec 9: Burgundy Private, Axis Bank’s Private Banking Business and Hurun India launched the first edition of the ‘2021 Burgundy Private Hurun India 500’, a 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 Karnataka in the 2021 Burgundy Private Hurun India 500 List. The cut-off date to arrive at this list was 30th October 2021. This list refers to companies headquartered in India only; state-owned companies and subsidiaries of foreign companies are not included.
The Key highlights of the event were
- The cumulative value of companies from Karnataka stands at INR 23 lakh crore
- Big 3: With a value of INR 7.5 lakh crore, Infosys is Karnataka’s most valuable company, followed by Wipro with INR 3.7 lakh crore and BYJU’s with INR 1.4 lakh crore
- 29 companies doubled in value and 2 companies rose by INR 1 lakh crore from Karnataka in 2021 Burgundy Private Hurun India 500 List
- Software & Services and Financial Services led the way with 9 companies each, followed by Healthcare and Real Estate with 6 companies each.
- Total sales of companies from Karnataka in the 2021 Burgundy Private Hurun India 500 List cumulated to INR 5.2 lakh crore, equivalent to 31% of state’s GSDP
- The 2021 Burgundy Private Hurun India 500 companies from Karnataka employ 10.1 lakh people in total, with an average of 19,096 employees
- The average age of companies from Karnataka in this list is 17 years, i.e., founded in 2004
