The IPO-bound National Stock Exchange (NSE) has seen its valuation surge by 201% in 2024, reaching ₹4.7 lakh crore, ANI reported. The exchange, which has reportedly restarted its listing process by seeking a no-objection certificate from the Securities and Exchange Board of India (Sebi), is now India’s 10th most valuable private company, according to the 2024 Burgundy Private Hurun India 500 list. Rapid Growth in Valuation NSE's valuation was estimated at ₹3.12 lakh crore in September 2024. NSE, which operates the world’s largest derivatives exchange, is planning to sell a 10% stake through its IPO. Impressive Financial Growth The stock exchange reported a 28% increase in total revenues, reaching ₹16,352 crore in FY24, while post-tax profit surged by 51% to ₹8,306 crore. NSE resumed its listing plans after resolving concerns about equitable access for its members. NSE Among India’s Top Private Companies Hurun’s valuation methodology involved consultations with industry experts, journalists, and bankers, along with publicly available data. The list is led by: The Adani Group’s total valuation stood at ₹13.40 lakh crore, while the Reliance Group was valued at ₹19.71 lakh crore. Tata Sons recorded the highest industrial group valuation at ₹32.27 lakh crore, growing by 37%. India's Billion-Dollar Club Expands The threshold to enter Hurun’s Top 500 companies jumped 43% to ₹9,580 crore, marking the first time all companies in the list surpassed $1 billion in valuation. The cumulative value of these companies rose 40% to $3.8 trillion, with notable gains by Motilal Oswal, Inox Wind, Zpto, and Dixon. These 500 companies collectively generated $1 trillion in revenue, reported a ₹8 lakh crore profit, paid ₹2.2 lakh crore in taxes, and employed 85 lakh people. Their corporate social responsibility (CSR) contributions totaled ₹11,000 crore in 2024.