11 companies of the country included in the list of world’s 500 most valuable companies
The list of the world’s most valuable 500 companies includes 11 Indian companies. All these 11 companies belong to the private sector. India is at number 10 in this case.
Valuation of 11 companies increased by 14%: According to a report, the value of these 11 companies increased by 14% to $805 billion. This is one-third of the economy of India. The amazing thing of all these companies is that despite Corona in 2020, their valuation has increased. However, the valuations of ICICI Bank and ITC declined.
Reliance’s valuation increased by 25%: According to the report, Mukesh Ambani’s Reliance Industries (RIL) is the most valuable company among Indian companies. Its valuation has increased by 20.5% to $168.8 billion in 2020. It is the 54th largest company in the world by ranking. Tata Consultancy Services (TCS), the IT company of the Tata group, is at number two. Its value has increased by 30% to $139 billion. It is ranked 73 in the ranking. It is the second most valuable company in India.
HDFC Bank worth $107.5 billion: HDFC Bank is India’s third-largest company. Its value has increased by 11.5% to $107.5 billion. Hindustan Unilever (HUL) is valued at $68.2 billion. Its value has increased by 3.3%. Infosys has been valued at $66 billion. However, its value has increased by 56.6% during this period. Similarly, the value of HDFC Limited has increased by 2.1%. Its valuation has been $56.4 billion.
Kotak Mahindra Bank’s valuation of $50.6 billion: Kotak Mahindra Bank has been valued at $50.6 billion according to the list. Its value has increased by 16.8% last year. The valuation of ICICI Bank has come down by half a percent. It is valued at $45.6 billion and is ranked 316th. The value of ITC declined by 22%. It has been valued at $32.6 billion. It is ranked 480 out of the 500 most valuable companies in the world.
239 external companies in India: According to the report, there are 239 companies which do not have a corporate office in India, yet they are doing business here. These companies have only regional offices in major cities of the country. Of the 11 most valuable companies in the country, 7 companies have their headquarters in Mumbai. There are one each in Bangalore, Pune, Kolkata and New Delhi.
Stock market rose 12%: According to the report, between January and December last year, the Indian stock market has grown by 12%. Due to this, the valuation of these companies has also increased. Apple is valued at $2.1 trillion in the list of the world’s 500 companies. Whereas it is followed by Microsoft. Its valuation is 1.6 trillion dollars. Of the 500 companies, 242 are from the US. 51 companies from China and 30 companies from Japan are in this list.
China’s companies increase in value: Chinese companies have risen the most in terms of valuation. Their valuation has increased by 73%. There is only State Bank of India (SBI) which is in this list in terms of government companies of India. Its valuation is $33 billion.
