Headed by Adar Poonawalla, Serum Institute of India (SII), one of the first companies worldwide to launch COVID-19 vaccines, has become India’s most valuable unlisted company, overtaking the National Stock Exchange (NSE) of India, alongside companies like Swiggy, BYJU’S, Razorpay and Dream11, as per the Burgundy Private Hurun India 500 list. Headquartered in Pune and valued at Rs 1.92 lakh crore, SII is also one of the biggest companies in the healthcare industry.

Burgundy Private, Axis Bank’s Private Banking Business and Hurun India’s ‘Burgundy Private Hurun India 500-Special Report’ is a list of the 500 most valuable non-state-owned companies in India. The list also stated that Mukesh Ambani-led Reliance Industries Limited is the most valuable private sector company among the top 500 companies in India, with a value of Rs 16.3 lakh crore, followed by Tata Consultancy Services (TCS) with Rs 11.8 lakh crore and HDFC Bank with Rs 9.4 lakh crore.