With 20 of the most valuable companies in the world, India has risen to fifth place among countries that are home to the top 500 companies in the world. It had eight businesses and finished ninth the year before. According to the Hurun Global 500 list for 2022, the US continued to dominate the charts.
India ranks
The 20 Indian companies on this year’s list have 11 Mumbai-based headquarters, four in Ahmedabad, and also one each in Noida, New Delhi, Bengaluru, and Kolkata. The 500 most valuable privately held companies in the world have been compiled by the Hurun Research Institute. Based on non-listed company valuations and listed company market capitalization, companies were ranked.
The most valuable Indian company, Reliance Industries (RIL), came in at $202 billion, ranking it 34th globally. The next- and third-place finishers were HDFC Bank ($97 billion) and Tata Consultancy Services ($139 billion).
The list also included Adani Transmission, and Adani Green Energy, Adani Enterprises, and also Adani Total Gas, four companies run by billionaire Gautam Adani with a combined valuation of $173 billion.
Seven companies from the financial services sector topped the list, followed by three each from software and services and energy.
New York topped the charts in terms of cities, Mumbai rose three spots to fifth, and Ahmedabad was the Global 500 company’s fastest-growing city globally.
With the exception of India, where the benchmark Sensex was up 12%, all world markets had a bad year. According to the report, the Hang Seng in Hong Kong and the MOEX in Russia both experienced 50% declines, while the KOSPI in Korea, the Shenzhen Component Index in China, the Nasdaq, the Shanghai Composite Index, the South German DAX, and the UK’s FTSE all experienced declines of more than 30%.
According to Hurun Report chairman and chief researcher Rupert Hoogewerf, “Of the Big Four (Apple, Microsoft, Amazon, and Alphabet), Apple withstood the global economic headwinds best, dropping only 3%, while Amazon was down a third as households felt the bite of inflation, and Alphabet was down a quarter as advertisers cut their budgets.
“When it comes to Hurun Global 500 companies, the USA dominates, home to 52% of the G500 with 260 companies, and 65% or $30.3 trillion of the total value, significantly ahead of second-placed China with 35 companies, representing 6% of the total value,” the author said.
With 35 businesses, China was in second place, behind the UK (28) and Japan (28) (21). With eight and three additional companies, respectively, India and also Canada surpassed France and Germany to take fifth and fourth place, respectively, with 20 companies each.
This year, fifteen businesses entered the Hurun Top 100, led by energy juggernaut ConocoPhillips (ranked 55th), whose value doubled to $158 billion. SpaceX, which is owned by Elon Musk, rose 134 spots to 81. Following the start of the Russia-Ukraine war, the stock prices of weapons manufacturers Raytheon Company and Lockheed Martin increased.
Crypto exchange Coinbase, which was removed from the list following the cryptocurrency crash, and US-based online food ordering and delivery service DoorDash, which was unable to capitalise on its pandemic success, were two examples.
Apple tops international charts.
With a market cap of $2.4 trillion, Apple retained its position as the most valuable company in the world, followed by Microsoft ($1.8 trillion), and also Alphabet, the parent company of Google, moved ahead of Amazon to claim third place.
According to Hurun Report chairman and chief researcher Rupert Hoogewerf, “Of the Big Four (Apple, Microsoft, Amazon, and Alphabet), Apple withstood the global economic headwinds best, dropping only 3%, while Amazon was down a third as households felt the bite of inflation, and Alphabet was down a quarter as advertisers cut their budgets.
“When it comes to Hurun Global 500 companies, the USA dominates, home to 52% of the G500 with 260 companies, and 65% or $30.3 trillion of the total value, significantly ahead of second-placed China with 35 companies, representing 6% of the total value,” the author said.
With 35 businesses, China was in second place, behind the UK (28) and Japan (28) (21). With eight and three additional companies, respectively, India and also Canada surpassed France and Germany to take fifth and fourth place, respectively, with 20 companies each.
This year, fifteen businesses entered the Hurun Top 100, led by energy juggernaut ConocoPhillips (ranked 55th), whose value doubled to $158 billion. SpaceX, which is owned by Elon Musk, rose 134 spots to 81. Following the start of the Russia-Ukraine war, the stock prices of weapons manufacturers Raytheon Company and Lockheed Martin increased.
Crypto exchange Coinbase, which was removed from the list following the cryptocurrency crash, and US-based online food ordering and delivery service DoorDash, which was unable to capitalise on its pandemic success, were two examples.
Zoom, a videoconferencing platform, dropped off the list despite having a value of $107 billion in 2017 as a result of the US and European economies emerging from the Covid era. Snap, Kuaishou, Adidas, Wuxi Biologics, and Dell Technologies were among the other drop-offs.
US tops list
With 260 companies and a value of $30,446 billion, or 65% of the total value, the US topped the list. China, Japan, and the UK were next, and Canada and India shared the fourth position. $11 trillion in value was lost by the Hurun Global 500.
The top 10 most valuable companies in the world lost $2.4 trillion in value, but they still accounted for 21% of the Hurun Global 500’s total value. With market values of $2.4 trillion and $1.8 trillion, respectively, Apple and Microsoft continued to hold the top two spots, but Alphabet passed Amazon to move up to third.
68 companies have left the Hurun Global 500 list despite the fact that the threshold for inclusion dropped from $36.6 billion to $28 billion last year.
With the exception of India, where the benchmark Sensex was up 12%, the world’s markets have had a bad year, according to Anas Rahman Junaid, MD and Chief Researcher, Hurun India. The Hang Seng in Hong Kong and the MOEX in Russia both experienced 50% declines, while the KOSPI in Korea, the Nasdaq, the Shanghai Composite Index, the South German DAX, and the UK’s FTSE all experienced declines of between 10% and 15%.
Seven companies from the financial services sector topped the list, followed by three each from software and services and energy.
New York topped the charts in terms of cities, Mumbai rose three spots to fifth, and Ahmedabad was the Global 500 company’s fastest-growing city globally.
With the exception of India, where the benchmark Sensex was up 12%, all world markets had a bad year. According to the report, the Hang Seng in Hong Kong and the MOEX in Russia both experienced 50% declines, while the KOSPI in Korea, the Shenzhen Component Index in China, the Nasdaq, the Shanghai Composite Index, the South German DAX, and the UK’s FTSE all experienced declines of more than 30%.
edited and proofread by nikita sharma
