Chennai: 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 Tamilnadu in the 2021 Burgundy Private Hurun India 500 List.
According to a press release, 44 companies in 2021 Burgundy Private Hurun India 500 hail from Tamilnadu. Also, Chennai has emerged 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.
Amitabh Chaudhry, MD and CEO, Axis Bank said, ‘the topline of these 500 companies is equivalent to 29 per cent of India’s GDP and they employ up to 1.5 per cent of the total workforce of the country. We believe that India’s new economy companies will witness greater representation in this list in the times to come.’