Even as the earnings of listed firms in India have shot up in the post-pandemic period, sending the markets to great heights, the unlisted segment has not been far behind.
The group of unlisted firms has shown up dozens of companies with revenues of more than $1 billion over the past five years, shows an analysis of the data from Capitaline.
There were 190 such firms in 2019-20 (FY20). This rose to 249 in FY23. The numbers for FY24 are still being released, but the figure has reached 153. Brokerage firm Zerodha crossed $1 billion in revenue in FY24, according to reports on Tuesday.
The analysis considered companies whose financial year ends in March. Some companies' year ends in December. They also have billion-dollar revenues, such as Maharashtra-based Hexaware Technologies and New Delhi's India Yamaha Motor. Trading firms can report large revenues because of the nature of their activities.
This story is from the December 18, 2024 edition of Business Standard.
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This story is from the December 18, 2024 edition of Business Standard.
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