Digital Desk: The Hurun Research Institute released the Hurun Global 500 list 2021. Out of the 500, 12 companies from India have been included in the world’s most valuable private companies.
According to this list which was released on August 20, Reliance is at the top of the Indian companies followed by Tata Consultancy Services and HDFC Bank.
Overall, Apple is the most valuable company in the world. The company has a market cap of $2.4 trillion which has increased by 15% this year.
As per the second edition of the Hurun Global 500 list, the four companies that topped the list were Apple, Microsoft, Amazon, and Alphabet created a value of $4tn, driven by the growth in cloud services amid a maturing of the digital economy.
India rose above Australia to 9th with 12 companies: 8 in Mumbai, 2 in Bengaluru, and one in each of Noida and New Delhi. With US$188bn, Reliance Industries is the most valuable company followed by Tata Consultancy Services (US$164bn) and HDFC Bank (US$113bn). Financial Services and Software & Services led the way, with 4 companies, followed by Telecommunications with 2.