Billionaire Adar Poonawalla-led Serum Institute of India, the maker of Covishield vaccine, has been crowned as India’s most valued privately held company as well as a bootstrapped company, with its market value estimated at Rs 2,19,700 crore. It has topped the lists in the Axis Bank Burgundy Private Hurun India 500 list for 2022.
For unlisted companies, Hurun Research’s valuation is based on a comparison with their listed equivalents using prevailing industry multiples such as Price to Earnings, Price to Sales, EV to sales, EV to EBITDA. Other methodologies such as Discounted Cash Flow and Tobin’s Q are also used. In certain cases of early-stage companies, Hurun used the First Chicago Method for valuation. Financial information used is from the latest available annual reports or audited financial statements.
Jump To
List Of Most Valued Unlisted Firms
Here’s the full list of the 10 most valuable unlisted companies in India for 2022:
1.Serum Institute of India
livelaw
Rs 2,19,700 Crore
CEO-Adar Poonawalla
2.Byju’s
bccl
Rs 1,82,200 Crore
CEO-Byju Raveendran
3.National Stock Exchange
livemint
Rs 1,39,300 Crore
CEO- Ashishkumar Chauhan
4.Swiggy
Shutterstock
Rs 88,600 Crore
CEO-Sriharsha Majety
5.Oyo
oyorooms
Rs 77,800 Crore
CEO-Ritesh Agarwal
Also Read: Salary Of OYO’s CEO Jumps 250% In FY22
6. Dream11
AFP
Rs 66,200 Crore
CEO-Harsh Jain
7.Parle Products
parle
Rs 62,600 Crore
CEO-Vijay Kantilal Chauhan
Also Read: The Story Of Parle-G
8.Razorpay
TechStory
Rs 62,100 Crore
CEO-Harshil Mathur
9.Ola
shutterstock
Rs 60,500 Crore
CEO-Bhavish Aggarwal
10.Intas Pharmaceuticals
ET
Rs 59,300 Crore
CEO-Nimish Chudgar
Also Read: 15 Commonly Used Startup Terms
Pharma Firms Dominate Bootstrapped Companies’ List
Besides these most valued unlisted companies, Serum Institute also tops the list of most valued bootstrapped companies. Bootstrapped companies are those which have grown without taking external funding.
As per the list, bootstrapped companies are dominated by traditional, non-tech industries such as pharmaceuticals, FMCG etc.
1.Serum Institute of India
Rs 2,19,700 Crore
2.Parle Products
Rs 62,600 Crore
3.Mankind Pharma
Rs 49,600 Crore
4.Zoho Corporation
Rs 48,900 Crore
5. Macleods Pharmaceuticals
Rs 43,200 Crore
6.Zerodha
Rs 29,700 Crore
7.Amalgamations Group
Rs 29,000 Crore
8.Patanjali Ayurveda
Rs 27,500 Crore
9.Megha Engineering and Infrastructure
Rs 26,700 Crore
10. Hetero Labs
Rs 24,000 Crore
Also Read:
Upcoming IPOs To Look Forward To In 2022-23
For the latest and interesting financial news, keep reading universo virtual Worth. Click here