Updated February 13th, 2024 at 15:37 IST

List of India's youngest and oldest companies in 2023 Burgundy Private Hurun India 500

This year's list offers insights into the changing landscape of Indian businesses, highlighting the dynamism of young startups alongside established giants.

Sankunni K
Indian private business sector
Indian private business sector | Image:Unsplash

Indian private business sector: The 2023 Burgundy Private Hurun India 500, released on February 12, 2024, ranks the 500 most valuable private companies in India. This year's list offers insights into the changing landscape of Indian businesses, highlighting the dynamism of young startups alongside the enduring strength of established giants.

Rising stars in Indian biz space

  • GlobalBees: This e-commerce company, launched in 2018, has carved a niche in the beauty and personal care segment, boasting a valuation of Rs 8,200 crore.
  • Mensa Brands: This fast-growing FMCG player, launched in 2021, has acquired and scaled multiple brands, currently valued at Rs 7,400 crore.
  • Zepto: Revolutionising quick commerce, Zepto delivers groceries and essentials in minutes, garnering a valuation of Rs 11,500 crore. Zepto was launched in 2021.
  • Motherson Sumi Wiring India: Auto component manufacturer Motherson Sumi Wiring India is valued at Rs 26,571 crore.
  • Apna: This professional networking platform for blue-collar workers holds a valuation of Rs 8,100 crore.
  • CRED: Offering credit card bill payments and rewards, CRED has attracted a valuation of Rs 49,800 crore.
  • Zetwerk: This manufacturing platform connects businesses with manufacturers, currently valued at Rs 22,300 crore.
  • BharatPe: A fintech giant facilitating digital payments, BharatPe boasts a valuation of Rs 21,200 crore.
  • Mobile Premier League (MPL): A popular mobile esports platform catering to the growing online gaming audience, MPL is valued at Rs 16,900 crore.
  • CoinDCX: This cryptocurrency exchange platform holds a valuation of Rs 10,800 crore.

Stalwarts of industry

  • E.I.D-Parry (India): Established in 1788, this FMCG giant produces sugar, confectionery, and other food products, valued at Rs 8,260 crore.
  • Bennett, Coleman & Company Limited: Founded in 1838, this media conglomerate owns leading newspapers like The Times of India and Economic Times, with a valuation of Rs 14,900 crore.
  • Bombay Burmah Trading Corporation: Established in 1863, this diversified group has interests in FMCG, healthcare, and education, valued at Rs 9,925 crore.
  • Bombay Stock Exchange: A leading stock exchange in India, BSE holds a valuation of Rs 25,690 crore.
  • KRBL: Established in 1889, KRBL, which is the world's largest rice miller exporter is valued at Rs 8,457 crore
  • Century Textiles & Industries: Mumbai-headquartered textile industry major holds a valuation of Rs 12,223 crore.
  • CESC (Calcutta Electric Supply Corporation): This power distribution company is valued at Rs 11,221 crore.
  • The Indian Hotels Company Limited: Owning iconic hotels like Taj Mahal Palace and The Leela, this hospitality giant holds a valuation of Rs 54,273 crore.
  • City Union Bank: A leading private sector bank headquartered in Tamil Nadu, City Union Bank holds a valuation of Rs 9,896 crore.

A tale of two ends: Opportunities and challenges

The presence of both young, innovative companies and established players highlights the diverse landscape of Indian businesses. While young companies bring agility and fresh perspectives, established players offer experience and brand recognition.

However, both sets of companies face challenges. Young companies need to navigate fierce competition and establish sustainable business models, while established players must adapt to changing consumer preferences and technological disruptions.


Published February 13th, 2024 at 15:37 IST

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