The valuation of the Adani Group, headed by Gautam Adani, the country’s second richest person, has grown by about 88 per cent between November and April. The increase in valuations has come as a result of inflation in Russia-Ukraine and the world has seen a decline in the valuations of other companies.
Talking about Reliance, the company of Mukesh Ambani, the richest person in Asia and India, during this period its valuation has also increased by 13.4 percent and with a valuation of Rs 18.9 lakh crore, Reliance is the most valuable company in the country, after Reliance. There has been no change in the valuation of the second largest company TCS. At the same time, other big companies of the country like HDFC Bank, ICICI Bank and Infosys have declined by 9 per cent.
The total valuation of the nine companies of the Adani Group is Rs 17.6 lakh crore, which is 7.6 per cent of the total valuation of India’s top 500 companies. In just six months, Adani Green ranking among the top 500 companies has seen a huge jump from 16th straight to 6th position, according to Axis Bank Burgundy Private and Hurun India 500 Special Report.
Adani Green grew by 139% (Rs 2,62,238 crore) during the period and the market valuation reached Rs 4,50,874 crore. Adani Power registered a growth of 157.8% (Rs 66,185 crore) during the period , while Adani Wilmar registered a growth of 189.8% (Rs 66,427 crore).
During this period, the country’s top 4 listed unicorns such as Zomato, Nykaa, Paytm and PB Fintech (Policybazaar) saw a record decline of Rs 1.6 lakh crore in their valuations. Serum Institute of India is the most private unlisted company in the country. According to the report, its valuation has increased by 35 percent to 2.28 lakh crore in this period. At the same time, the valuation of Ramdev Baba’s company Patanjali has fallen by 17.9 percent to Rs 23 thousand crore during this period.