HSBC Hurun List 2026: Google, Microsoft, Micron & More Firms Led by Indian-Origin CEOs Reach $15 Trillion Valuation

Companies headed by Indian-origin executives were valued at a combined $15 trillion in the latest HSBC Hurun Global Indians List 2026, as per Times of India news report.  

This compares with $9.9 trillion in the previous edition released two years ago, marking a 53% increase. The list was released on Thursday, with June 25 as the valuation cut-off date. 

Alphabet holds the top position, with a valuation of $4.2 trillion. The company is led by Sundar Pichai. Microsoft, headed by Satya Nadella, ranks second at $2.6 trillion, followed by Micron Technology at $1.4 trillion, led by Sanjay Mehrotra. 

AI Accounts for 71% of Combined Valuation 

Artificial intelligence (AI) features across a large part of the companies covered in the list. Of the 200 companies, 103 are either driven by AI or have incorporated the technology into their business operations. 

These companies have a combined valuation of $10.7 trillion, accounting for 71% of the total. Across all 200 businesses, annual revenue stands at $2.5 trillion, while their combined workforce is 53 lakh people. 

Hurun India Founder and Chief Researcher Anas Rahman Junaid said the influence of global Indians reaches people in different parts of the world, often without their knowledge. 

76 Companies Feature for the First Time 

The 2026 list includes 76 companies that were not part of the previous edition. Of the 200 businesses, 127 are publicly listed and 73 are privately held. The rankings also cover 49 startups, valued at a combined $398 billion. 

The minimum valuation required to feature in the list has increased to $2.5 billion from $1.2 billion two years ago. The report covers 236 individuals leading these companies. Professionals account for 53% of the entries, first-generation entrepreneurs 44% and second-generation leaders 3%. 

US Leads Country and City Rankings 

The US has 177 entrants, the highest among all countries. California accounts for more than a third of the individuals. San Francisco leads the city rankings with 40 entrants, followed by Dubai with 15. Palo Alto and London have 13 each. 

IIT Delhi has 15 entrants among undergraduate institutions, while Stanford University leads postgraduate representation with 19. 

Read More: RBI Clarifies Existing CTS Cheque Books Will Remain Valid After December 31, 2026! 

Conclusion 

The list puts the combined valuation of companies led by Indian-origin executives at $15 trillion, with AI-linked businesses accounting for 71% of the total. The US remains the largest base for the executives featured. 

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