43 companies in the 2022 Burgundy Private Hurun India 500 are based in Tamil Nadu

43 companies in the 2022 Burgundy Private Hurun India 500 are based in Tamil Nadu

Key Highlights: –

• 43 companies in 2022 Burgundy Private Hurun India 500 are based in Tamil Nadu
• The cumulative value of companies from Tamil Nadu stands at INR 8.3 lakh crore
• Big 3: With a value of INR 64,955 crore, Apollo Hospitals Enterprise is Tamil Nadu’s most valuable company, followed by Cholamandalam Investment and Finance Company with INR 58,243 crore and TVS Motor Company with INR 54,447 crore
• One company doubled in value from Tamil Nadu in 2022 Burgundy Private Hurun India 500 List
• Financial Services led the way with 12 companies, followed by Automobile & Auto Components and Healthcare with 8 and 4 entrants respectively
• Total sales of companies from Tamil Nadu in the 2021 Burgundy Private Hurun India 500 List cumulated to INR 3.7 lakh crore
• The 2022 Burgundy Private Hurun India 500 companies from Tamil Nadu employ 3.2 lakh people in total, with an average of 7,400 employees
• The average age of companies from Tamil Nadu in this list is 54 years

December 1, Chennai: Burgundy Private, Axis Bank’s Private Banking Business and Hurun India launched the ‘2022 Burgundy Private Hurun India 500’. This is the second edition of the list of the 500 most valuable companies in India. These companies are ranked according to their value, defined as market capitalization for listed compan ies and valuations for non-listed companies. Hurun Report India and Burgundy Private launched a further analys is of most valuable non-state-controlled companies from Tamil Nadu in the 2022 Burgundy Private Hurun India 50 0 List. The cut-off date to arrive at this list was 30th October 2022. This list refers to companies headquartered in India only; state-owned companies and subsidiaries of foreign as well as Indian companies are not included.

Commenting on the launch, Amitabh Chaudhry, Managing Director and Chief Executive Officer, Axis Bank said: “Burgundy Private is delighted to have partnered again with Hurun India in celebrating India’s 500 most valua ble companies. The 2nd edition of the Burgundy Private Hurun India 500 report, featuring India’s 500 most val uable companies, could not have come at a better time. From a ‘rare bright spot,’ when most world economies are staring at a slowdown, India is slated to be entering its decade of eminence. Indian companies and their lead ership deserve great acclamation for their contribution to the country’s unique positioning today, and they will play an even bigger role in making India the world’s third largest economy over the next decade.”

“Despite global challenges, the companies on the ‘2022 Burgundy Private Hurun India 500’ list created value to the tune of INR 226 lakh crore (USD 2.7 trillion), for their stakeholders. As India’s leading wealth management franchise, Burgundy Private witnessed this value creation from close quarters. The companies on this year’s list contributed immensely to nation building. The top line of these 500 companies is equivalent to 29% of India’s GDP, and these companies employ up to 1.5% of the country’s total workforce. What stood out in the report is that 67 companies on the list are younger than 10 years. These new-age companies will indeed shape the coming decade with their entrepreneurship, technology and digital innovations.”

“Axis Bank remains optimistic about the growth opportunities in the Indian economy. Our ability to deliver ‘One Axis’ as a full-service bank, offering varied solutions across all financial services, is a key area of our distinctiven ess, allowing us to bring unique solutions to our customers. As India moves towards its most important decade, we look forward to partnering with the companies on the 2022 Burgundy Private Hurun India 500 list, as they move towards the next milestone in their growth journey”, he added.

 Anas Rahman Junaid, MD and Chief Researcher, Hurun India said:  “Hurun India is delighted to partner with Bur gundy Private, Axis Bank’s Private Banking Business to release the 2022 Burgundy Private Hurun India 500. The 2022 Burgundy Private Hurun India 500 is a sanguine representation of the evolution of the economy. Tamil Nad u has a diverse manufacturing sector and leads across  several industries like automobiles, auto components, en gineering, pharmaceuticals, garments, textile products, leather products, chemicals, plastics, etc., With struct ur al reforms and infrastructural investments being championed by 2022 Burgundy Private Hurun India 500 compa nies in Tamil Nadu such as Ashok Leyland, MRF, TVS Motors, the state is playing a significant role in democratizi ng mobility and bridging the gap between urban and metro India. Tamil Nadu has the maximum number of factor ies in India including micro, small and mid-sized units. The state aims to be a trillion-dollar economy by 2030-31 with huge investments in manufacturing of aviation engine parts and defence equipment.”

 Methodology

 The 2022 Burgundy Private Hurun India 500 is a list of the 500 most valuable companies that are headquarter ed in India. Government/ State-owned companies and subsidiaries of foreign as well as Indian companies are exc luded. Although the cut-off date for the list is 30th October 2022, we have taken an exception for Global Health, Bikaji Foods International and Five-Star Business Finance for which we have considered the closing market cap of the listing day. The aforementioned companies were in the process of going public/ getting listed during the cut-off date.

Valuing private companies is as much an art as it is a science. Surely, Hurun India may have missed some  compan ies, but our endeavor is to develop the most comprehensive report of its kind with an objective to identify and ac knowledge India’s top businesses. Hurun Report’s team of researchers have traveled the length and breadth of the country, cross-checking information with entrepreneurs, industry experts, journalists, bankers and other so urces of publicly available data. For unlisted companies, Hurun Research’s valuation is based on a comparison wi th their listed equivalents using prevailing industry multiples such as Price to Earnings, Price to Sales, EV to sal es, EV to EBITDA. Other methodologies such as Discounted Cash Flow and Tobin’s Q are also used. In certain cases of early- stage companies, Hurun used the First Chicago Method for valuation. Financial information used is from the latest available annual reports or audited financial statements.

To view the detailed 2022 ‘Burgundy Private Hurun India 500’ report, please click here

 About Axis Bank:

Axis Bank is the third largest private sector bank in India. Axis Bank offers the entire spectrum of services to customer segments covering Large and Mid-Corporates, SME, Agriculture and Retail Businesses. With its 4,760 domestic branches (including extension counters) and 16,043 ATMs across the country as on 30th September 2022, the network of Axis Bank spreads across 2,676 cities and towns, enabling the Bank to reach out to a large cross-section of customers with an array of products and services. The Axis Group includes Axis Mutual Fund, Axis Se curities Ltd., Axis Finance, Axis Trustee, Axis Capital, A.TReDS Ltd., Freecharge and Axis Bank Foundati on. 

For further information on Axis Bank, please refer to the website: https://www.axisbank.com

 About Burgundy Private – Private Banking by Axis Bank

Burgundy Private, Axis Bank’s private banking business, is one of the fastest growing wealth managers in India, managing client assets of over USD 11.5 bn. With access to the considerable resources of the Axis Group, Burgu ndy Private provides bespoke wealth management services along with the power and stability of a leading bank to its private clients.

Headquartered in Mumbai, with a 225 plus strong team, Burgundy Private manages the wealth of more than 42 50 illustrious families across 27 locations in India. The clientele comprises of some of the most distinguished fa milies in the country, including 30% of India’s top 100 families in terms of their net worth.

Burgundy Private brings to its clients a comprehensive platform that provides tailored services across wealth management, investment advisory, family-office solutions, personal & corporate banking, family governance & succession-planning and tax advisory.

Burgundy Private offers Investment Advisory and Family Office Services through Axis Securities Limited.

For more information, please visit www.burgundyprivate.com

 About the Hurun Report                       

Hurun Report is a leading research, luxury publishing and events group established in London in 1998 with pre se nce in India, China, France, UK, USA, Australia, Japan, Canada and Luxembourg. It is widely recognized world-over for its comprehensive evaluation of the wealthiest individuals across the globe. Hurun Report is the largest compiler of the rich list globally.

Hurun Report Inc. has four divisions: Hurun Report Media, a stable of digital media and four magazines; Hurun Research Institute; Hurun Conferences, an active events division targeting entrepreneurs and high net worth in dividuals; and Hurun Investments, a USD20m early-stage venture capital fund with investments into tech, med ia, retail and education.

 About Hurun India

“Promoting Entrepreneurship Through Lists and Research”

Hurun India was launched in 2012, under the leadership of Anas Rahman Junaid, a graduate of the University of Oxford. Junaid met Rupert Hoogewerf, the founder of Hurun Global, through Oxford University and the duo th ought it was the right time to speak about wealth creation in India as they saw India booming. Since then, Hurun India has been in the pursuit to celebrate the stories of India’s transparent wealth creation, innovation, and phila nthropy.

The Five core pillars of Hurun India are:

1. Wealth Creation – We celebrate transparent wealth creation by bringing to light success stories of some of the most amazing entrepreneurs through Hurun Rich Lists.
2. Hurun India Rich List is a ranking of individuals with a net worth of INR 1,000 Crore+ and has grown to become the most comprehensive rich list from India. Over the last decade, the list grew from 100 individuals from 10 cities to 1,105 richest Indians, from 76 cities.
3. Hurun Leading Wealthy Women List is the ranking of the richest self-made women in India
4. Hurun Real Estate Rich List ranks the most successful Real Estate entrepreneurs in the country.
5. Hurun India Wealth Report is the most detailed Hurun study on the wealth distribution landscape in India.
6. Value Creation – Under this pillar, Hurun celebrates the success stories of some of the most respected Indian companies through Hurun India 500 – a ranking of the most valuable non-state-controlled companies and emerging companies and investors that make the future look bright for India through the Hurun India Unicorn Index, Gazelle List, Cheetah List, and Top Investors List. 
7. Sustainability and Philanthropy – Hurun India Philanthropy List, which is on its 6^th anniversary, ranks India’s most generous entrepreneurs. Hurun India Impact 50 list ranks India’s most sustainable companies based on their alignment with the UN’s Sustainable Development Goals.   
8. Art – In 2019, the Hurun India Art List was launched, aimed at tracking some of the most successful artists who are alive today by way of cumulative auction prices. Through the art list, our endeavor is to encourage individuals to collect Indian art.
9. Lifestyle and Luxury –The Hurun Luxury Consumer Survey debuted in 2019 to encourage an understanding about lifestyle and brand preferences of ultra-high net worth individuals, while curating a survey to help them explain their spending habits.

Globally, the Hurun brand registers an estimated 8 billion views, 50% YoY growth, on the back of lists and research reports.

Hurun India serves as India’s definitive voice celebrating wealth creation, innovation, and growth. Last year, Hur un further expanded its repertoire by releasing the Hurun Global Rich List 2022, a ranking of the 3,381 US dollar billionaires, so-called ‘Nine-Zero Club’, currently in the world and the eleventh India Rich List which ranks the 1,1 05 richest individuals in India, allowing for comparisons between some of the most dynamic economies in the world. The purpose of this list is to try and tell the story of modern India through the eyes of an entrepreneur.

For the full details, please refer to www.hurunindia.net