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      Question

      According to the Unlisted Gems 2026 report, which

      company ranked as Indiaโ€™s largest unlisted company by revenue in 2025?
      A Flipkart Correct Answer Incorrect Answer
      B Tata Electronics Correct Answer Incorrect Answer
      C Malabar Gold & Diamonds Correct Answer Incorrect Answer
      D Reliance Retail Correct Answer Incorrect Answer
      E Tata Digital Correct Answer Incorrect Answer

      Solution

      The Unlisted Gems 2026 report released by JM Financial in collaboration with Hurun India identified Reliance Retail as Indiaโ€™s largest privately held unlisted company by revenue in 2025. The company recorded โ‚น2,71,227 crore in revenue, significantly higher than other privately held firms in the list. The report focuses on privately owned companies that are not publicly traded but generate large revenues and play an important role in Indiaโ€™s economic growth and corporate ecosystem.

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