Top 10 most valuable unlisted companies in India in 2025: NSE leads, Serum Institute and Adani Properties follow

The National Stock Exchange has continued to lead the list of the most valuable unlisted companies in India, as per the latest report. With a valuation of Rs 4.86 lakh crore, NSE has solidified its position at the top. The report, which provides an overview of the most valuable unlisted companies in the country, has ranked the Serum Institute of India and Adani Properties in the subsequent positions. The rankings are based on the latest 2025 Burgundy Private Hurun India 500 report, which assesses the valuation of various unlisted companies in India. The report highlights the growth and development of these companies, providing insights into their financial performance and valuation. The rankings are significant, as they reflect the companies' financial health and their position in the Indian market. The National Stock Exchange, being the top-ranked company, has demonstrated its financial stability and growth, followed closely by the Serum Institute of India and Adani Properties. The report also underscores the importance of these companies in the Indian economy, given their significant valuations and contributions to various sectors. The rankings are likely to have implications for investors, stakeholders, and the overall business landscape in India. The companies featured in the report are expected to continue playing a crucial role in shaping the Indian economy, with their valuations and financial performance being closely watched by market observers. The report's findings are based on a comprehensive assessment of the companies' financial data and other relevant factors, providing a reliable and accurate picture of their valuations. The rankings are subject to change, as the companies' financial performance and valuations may fluctuate over time. However, the current rankings provide a snapshot of the most valuable unlisted companies in India, with the National Stock Exchange leading the pack.