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A recent report by Burgundy Private Hurun India 500 has revealed the top 10 most-valuable foreign subsidiaries listed in India in 2024. Hindustan Unilever Ltd. (HUL), a consumer goods firm from the United Kingdom, topped the list, valued at a staggering Rs 5.62 lakh crore. Maruti Suzuki (India) Ltd., a Japanese automobile company, came in second, valued at Rs 3.54 lakh crore.
Siemens Ltd., a German industrial products company, took the third spot, with its Indian subsidiary valued at Rs 2.81 lakh crore. Nestle India Ltd., a Swiss consumer goods company, secured the fourth position, valued at Rs 2.17 lakh crore. These figures are a testament to the significant presence of foreign companies in the Indian market.
The Burgundy Private Hurun India 500 report provides valuable insights into the performance of foreign subsidiaries in India, highlighting the growing importance of the Indian market for international businesses. The top 10 list also includes other notable companies like BMW India (ranked 5th), Coca-Cola India (ranked 6th), and IBM India (ranked 7th).
The report notes that the value of these foreign subsidiaries is indeed substantial, with the top 10 companies collectively valued at over Rs 15.04 lakh crore. This significant presence of foreign companies in the Indian market is a reflection of the country’s growing economy and its attractiveness to international businesses.
The report highlights the importance of foreign investments in India, which have played a crucial role in driving economic growth and job creation. The top 10 list is likely to influence business strategies and investment decisions, as companies strive to leverage the opportunities presented by the Indian market. The Burgundy Private Hurun India 500 report provides a valuable snapshot of the present situation, offering insights into the performance of foreign subsidiaries in India and their potential for future growth.