From Serum Institute Of India, Zoho Corp To Zerodha: Top 10 Bootstrapped Companies In India

World's largest vaccine maker Serum Institute of India and Chennai-based software company Zoho Corp. emerged as the top bootstrapped companies in India.

Burgundy Private, Axis Bank's Private Banking Business, in collaboration with Hurun India, launched the ‘2024 Burgundy Private Hurun India 500,' the fourth edition of the list of India's 500 most valuable companies.

The list released on Wednesday highlighted that Serum Institute of India leads the pack with a valuation of Rs 2.11 lakh crore, followed by Zoho Corp. at a valuation of Rs 1.03 lakh crore.

The list also featured broking firm Zerodha and Megha Engineering & Infrastructures at a valuation of Rs 87,750 crore and 77,860 crore, respectively.

Additionally, Haldiram Snacks, Parle Products, Patanjali Ayurved, Amalgamations, Macleods Pharmaceuticals, Megha Engineering & Infrastructures, and Godrej & Boyce Manufacturing Co. were also mentioned in the list.

The Hurun India list also highlighted the top 10 unlisted companies. Firms including Serum Institute of India, Zoho Corp, Zerodha, Megha Engineering & Infrastructures, Parle Products, and Amalgamations were added to the list.

The 2024 Burgundy Private Hurun India 500, released 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. The list includes companies headquartered in India, excluding state-owned enterprises and subsidiaries of foreign and Indian firms.

“Hurun India is proud to partner with Burgundy Private, Axis Bank's private banking business for the Top 500 Indian companies list for four consecutive years. This collaboration highlights the crucial role of Indian companies' growth and their contribution to driving business expansion within the Indian financial ecosystem,” according to Anas Rahman Junaid, founder and chief researcher at Hurun India.