A total of 12 Indian companies featured in the list, which saw India rise above Australia to the ninth position.
With $188 billion, Reliance Industries (RIL) is the most valuable company, followed by Tata Consultancy Services ($164 billion) and HDFC Bank ($113 billion).
Globally, Apple was ranked the most valuable company, up 15 per cent to $2.4 trillion.
The 'Big 4' -- Apple, Microsoft, Amazon and Alphabet -- doubleed in value since Covid, adding $4 trillion to take their combined value to $8 trillion, and making up 14 per cent of Hurun Global 500 Most Valuable Companies.
The US led with 243 companies, followed by China with 47 firms. Japan was third with 30 companies, followed by the UK with 24 companies.