Industry & Commerce - ~ Lincode ~ Raises round from Accel and four other funds
Health - Delta and Omicron both may co-circulate, Neuberg panelists
Launches - KFin Technologies launches its New Brand Identity
From Left to Right : Amitabh Chaudhry, Managing Director and Chief Executive Officer, Axis Bank and Anas Rahman Junaid, MD and Chief Researcher, Hurun India
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 companiesin 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 Karnataka in the 2021 Burgundy Private Hurun India 500 List.The cut-off date to arrive at this list was 30th October 2021. This list refers to companies headquartered in India only; state-owned companies and subsidiaries of foreign companies are notincluded.
Amitabh Chaudhry, Managing Director and Chief Executive Officer, Axis Bank said “Burgundy Private is delighted to partner with Hurun India in celebrating India’s 500 most valuable companies. We salute the leadership of these companies who have ably steered their businesses through the ravages of the pandemic, adopting new ways of serving their customers and emerging as winners. As India’s leading wealth management franchise, Burgundy Private has witnessed this value creation from close quarters.
The total value of the 2021 Burgundy Private Hurun India 500 companies is close to INR 228 lakh crore (US$3tn), which is higher than India’s GDP for FY21. The topline of these 500 companies is equivalent to 29% of India’s GDP and they employ up to 1.5% of the total workforce of the country. What is most heartening is that nearly 10% of these companies are younger than 10 years, representing India’s vibrant tech ecosystem. We believe that India’s new economy companies will witness greater representation in this list in the times to come. Axis Bank has been a partner to many names that find a mention in this report, and through our integrated ‘One Axis’ approach, we look forward to working closely with them as they achieve greater milestones in their journey ahead.”
Anas Rahman Junaid, MD and Chief Researcher, Hurun India said “Hurun India is delighted to partner with Burgundy Private, Axis Bank’s Private Banking Business to release the 2021 Burgundy Private Hurun India 500. The first edition of Burgundy Private Hurun India 500comprises of notable names rangingfromstartupssuch asInMobi, Zerodha, BYJU’S, Swiggy, Meesho, Ola Electric to veterans such as Infosys, Wipro and Mindtree. The report reflects the entrepreneurship spirit that the city harbors while positioning India as a preferred destination attracting investments for high-decibel growth.”