Solution

•     Serum Institute of India is the most valuable unlisted company in the country, followed by National Stock Exchange of India and the Megha Engineering and Infrastructure, according to the '2023 Burgundy Private Hurun India 500’ list of the  500 most valuable companies in India. •Others that made it to the list are Zoho Corporation, Swiggy, Intas Pharmaceuticals, Dream11, Parle, Zerodha •     To qualify for inclusion in the ‘2023 Burgundy Private Hurun India 500’ list, companies are required to have a minimum value of Rs 6,700 crore, equivalent to US$807 million. •     The average age of the companies in Burgundy Private Hurun India 500 is 38. The total value of the 2023 Burgundy Private Hurun India 500 companies is Rs 231 trillion (US$2.8tn). Top 10 of 2023 Burgundy Private Hurun India 500 •     With a value of Rs 15.6 trillion, Reliance Industries is India’s most valuable company, followed by Tata Consultancy Services with Rs 12.4 trillion and HDFC Bank with Rs 11.3 trillion. •     The merger of HDFC Ltd with HDFC Bank facilitated HDFC Bank to become the third Indian company to surpass Rs 10  trillion capitalization. HCL Technologies and Kotak Mahindra Bank make their return to the top 10 list. •     Among emerging companies, the report showed that Suzlon Energy grew at the fastest pace. •     The 2023 Burgundy Private Hurun India 500 comprises of companies across 44 cities in India, led by Mumbai (156), Bengaluru (59) and New Delhi (39). The top three cities contributed 254 entrants – compared to 264 entrants in the 2022 India 500.