Wipro, Asian Paints and HCL Technologies were the new Indian entrants among the top 500 companies in the world, as per the latest Hurun Global 500 list. A total of twelve Indian companies featured in the list, which saw India rise above Australia to the 9th position.
Reliance Industries has emerged as the most valued Indian company in a global list of top-500 non-state run companies, but saw its ranking slipping by three points. The ranking of many others Indian companies, including TCS, HDFC Bank, HDFC and Bharti Airtel, declined compared with last year on the Hurun Global 500 list. In all, 12 Indian companies made it to the list of the top-500 valued companies as against 11 in the year-ago period.
Mukesh Ambani-led Reliance Industries' valuation increased 11 percent to USD188 billion but ranking slipped by three places to 57 in the rankings which use the valuation on July 15 as the cut-off. TCS slipped one position to be the 74th most valued company in the world with a valuation of USD164 billion, HDFC Bank was 19 positions down at 124th with a USD113 billion valuation while its parent HDFC was down 52 places at 301st despite a 1 percent increase in valuation to USD56.7 billion. Kotak Mahindra Bank's valuation declined 8 percent to USD46.6 billion, which led to a fall of 96 places on the list to 380th rank, while its larger rival ICICI Bank saw its valuation rise 36 percent to USD62 billion which resulted in its global ranking improving 48 places to 268th, as per the list. There were three new entrants from the country in the list, including Wipro (ranked 457th), Asian Paints (477th) and HCL Technologies (498th).