Thursday, Mar 28 2024 | Time 17:28 Hrs(IST)
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Business Economy


44 TN firms in 2021 Burgundy Private Hurun India 500 list

Chennai, Dec 9 (UNI) 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 Tamil Nadu in
the 2021 Burgundy Private Hurun India 500 List.
This list refers to companies headquartered in India only and State
owned companies and subsidiaries of foreign companies are not included,
according to a release.
A total of 44 companies from Tamil Nadu figure in the list.
The cumulative value of companies from Tamil Nadu stood at Rs 10 lakh
crore.
With a value of Rs 2,18,404 crore, Titan Company is Tamil Nadu’s most
valuable company, followed by Ramcharan and Co with Rs 67,500 crore
and Apollo Hospitals Enterprise with rs 59,498 crore.
Financial Services led the way with nine companies, followed by Automobile
and Auto Components and Healthcare with seven and five entrants respectively.
Total sales of companies from Tamil Nadu in the 2021 Burgundy Private Hurun
India 500 List cumulated to Rs 3.1 lakh crore, equivalent to 16 per cent of state’s
GSDP.
Anas Rahman Junaid, MD and Chief Researcher, Hurun India said the 2021 Burgundy
Private Hurun India 500 is a sanguine representation of the evolution of the economy.
Chennai as a key propeller of the double-digit automobile growth witnessed in India in
the last year is leading the race to revive the economy.
UNI GV 1430
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