11 domestic companies in Hurun's top 500 list, India ranked 10th

 Total 11 private Indian firms have made it to the list of 500 most valuable companies across the world, and the country is ranked 10th on the chart, according to a report.

The total value of these 11 companies grew 14 per cent and has been pegged at $805 billion or nearly a third of the Indian GDP.

All these companies in the list of non-state enterprises have gained in value during 2020, which was hit by the pandemic, barring tobacco major ITC and second largest private sector lender ICICI Bank, as per the Hurun Global 500 report.

Mukesh Ambani-led Reliance Industries leads among the local enterprises with a 20.5 per cent jump in valuation to $168.8 billion as of December 1 and is ranked 54th globally, as per the list.

Tata Consultancy Services' value grew by nearly 30 per cent during the year to take its value to $139 billion, ranking it 73rd globally and making it the second most valuable Indian firm.

The value of HDFC Bank grew 11.5 per cent to $107.5 billion Hindustan Lever ($68.2 billion, gains of 3.3 per cent), Infosys ($66 billion and gains of 56.6 per cent), HDFC Ltd ($56.4 billion, gains of 2.1 per cent) and Kotak Mahindra Bank ($50.6 billion, 16.8 per cent in gains).