While primary and secondary markets receive the majority of investors’ attention, unlisted firms can be thought of as the stock market’s equivalent of the primary market. There are occasional exceptions, but for the most part, organisations feel the need to go public sooner or later in order to raise expansion capital or increase visibility.
Some of the unlisted private players grow to be some of the biggest businesses worldwide as well as in India. Unlisted enterprises may provide significant prospects depending on their size and stage of development. Here, we examine the largest unlisted private companies in India.
#1 Serum Institute of India (SII)
Serum Institute of India, which Adar Poonawalla supported, is currently both the largest unlisted private companies in India and one of the largest maker of vaccines in the world. Among the vaccines created and distributed by the institution are those for Measles, Rubella, Mumps, Diphtheria, Pertussis, Tetanus, Hib, r-Hepatitis B, BCG, Polio, Pneumococcal, Tetanus, Diphtheria, Pertussis, and Covid-19.
At least 65% of children worldwide are vaccinated with vaccines made by SII, according to some estimates. The company’s vaccinations have helped save millions of lives throughout the globe. Given its stellar reputation, it is not surprise that Serum Institute of India is India’s largest unlisted corporation.
#2 Byjus
Byjus was established in 2011 and runs on a freemium platform but today it is one of the biggest unlisted private companies in India. When it first debuted in August 2015, it offered instructional materials for kids in grades 4 through 12. In 2019, an early learning programme for grades 1 through 3 was introduced. Additionally, it prepares students for tests like the GRE and the GMAT as well as tests like the IIT-JEE, NEET, CAT, and IAS that are given in India. The corporation has begun establishing its offline learning facilities while being predominantly an online player.
Revenues for the fiscal year 2019–20 were INR 432 crore, up 12% from the prior year, according to InMobi Technology Services Private Limited. A 41% rise from the prior fiscal year was seen, according to regulatory filings gathered from the company information portal Tofler. The mobile ad network, which is situated in Bengaluru, said that its whole budget for the fiscal year was INR 508 crore.
#3 National Stock Exchange of India (NSE)
Rising derivatives and stock trading volumes, particularly following the Covid-19 outbreak, have led to a dramatic increase in profits of NSE. The business style of NSE places it among the largest unlisted private companies in India since it emphasises revenue visibility and excellent return ratios.
#4 Macleods Pharmaceuticals
On June 5, 1989, a private company called Macleods Pharmaceuticals Ltd. was established which now today stand as one of the largest unlisted private companies in India. With its corporate office in Mumbai, Maharashtra, it is a private limited company. It has an authorised share capital of 25.00 crore rupees and a total paid-up capital of 19.96 crore rupees. The operational revenues for the fiscal year ending March 31, 2020 are expected to be around INR 500 crore by Macleods Pharmaceuticals Ltd. In the past year, it has seen a 42.13 percent growth in EBITDA. During that time, its book net value increased by 28.92%.
#5 OYO
For small businesses who operate hotels and homes, OYO’s platform offers full-stack technology that is said to increase profits and simplify business processes. At the same time, it provides guests with dependable, affordable housing. Since its establishment in 2013, it has grown to dominate the hotel industry in India and has gone international. OYO offers houses in over 800 locations across 80 nations hence becoming one of the most valuable unlisted private companies in India.
The platform does, however, have several drawbacks, with high cancellation rates and discontent among network partners standing out. With the market regulator returning its draught documents, OYO’s attempt to issue its IPO has also run into some trouble.
#6 Dream 11
Users of the Dream11 fantasy sports gaming platform can take part in fantasy matches for baseball, American football, basketball, kabaddi, hockey, rugby, and futsal, as well as fantasy matches for cricket, hockey, football, and other sports. On the basis of actual games, users may even create their own fantasy teams. Dream11 is the first Indian fantasy sports firm to become a unicorn in April 2019, and it is one of the fastest-growing companies in the sports gaming sector.
#7 Parle Products
One of the biggest FMCG firms and biggest unlisted private companies in India is Parle Products. Ironically, among the largest unlisted corporations, it is also among the oldest. Established in 1929, it changed from being a bakery to focusing exclusively on producing biscuits for the British Army. According to Nielsen, the Parle-G biscuit brand had the most global biscuit sales in 2020.
#8 Razorpay
It is only expected that there would be an influx of new companies in the payments processing market given the fundamental movement of services and commerce to the internet environment. The only integrated payments solution provider in India that enables companies to accept, process, and disburse payments using a range of payment methods, such as credit and debit cards, UPI, and well-liked mobile wallets, is Razorpay.
