Despite the IPO boom, India’s large companies are still private
Even as India witnessed record public issue filings and listings in 2025, many of the country’s fastest-growing large companies remain privately held, according to the JM Financial and Hurun India Unlisted Gems 2026 report, adding that the next wave of public market candidates is building. With ₹Of 8.9 trillion in combined revenue across 100 large…

