Hindustan Unilever Ltd., Maruti Suzuki (India) Ltd., Siemens Ltd. and Nestle India Ltd. were among the top 10 most-valuable foreign subsidiaries listed in the country in 2024, according to Burgundy Private Hurun India 500.
HUL was at the first place, with the consumer goods firm originating from the United Kingdom valued at Rs 5.62 lakh crore. Maruti Suzuki came second as the Japanese automobile firm was valued at Rs 3.54 lakh crore, according to the report.
German industrial products company Siemens was at the third place with its Indian subsidiary valued at Rs 2.81 lakh crore. Nestle India secured the fourth position as the Swiss consumer goods company had a value of Rs 2.17 lakh crore.
ABB India Ltd. was placed at the fifth place. The Swiss company from the industrial products segment was valued at 1.63 lakh crore. Hyundai Motor India Ltd. was sixth as the automobile firm from South Korea was valued at Rs 1.48 lakh crore.
United Spirits Ltd. came in seventh place with the food and beverages firm from the UK being given a value of Rs 1.1 lakh crore. German auto company Bosch was eighth as its Indian subsidiary was valued at Rs 1.08 lakh crore.
Oracle Financial Services Software Ltd. got the ninth position. The software and services company originating from the United States had a value of Rs 1.07 lakh crore.
Cummins India Ltd. was at the 10th place. The US company from the industrial products segment was valued at 99,800 crore.
The list was compiled by Hurun Research Institute, from the 2024 'Burgundy Private Hurun India 500' edition.
The 2024 Burgundy Private Hurun India 500, released on Wednesday by Burgundy Private — Axis Bank's private banking business — and Hurun India, is the fourth edition of this ranking, featuring India's 500 most valuable companies.
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