From Caterpillar to USV, here're top 30 unlisted companies in India

Indian investors have a fancy for domestically-listed subsidiaries of foreign multinational corporations (MNCs), which enjoy premium valuations owing to their superior earnings profile and nearly debt-free balance sheets. This makes them safe havens for investors looking to de-risk their portfolios from uncertainty in the broader markets. A similar trend would have played out in the unlisted space as well, if Indian investors were allowed to purchase stocks of these companies.

The list of India’s best unlisted companies is dominated by the subsidiaries of US, European and Japanese MNCs. The MNCs that top the charts of unlisted companies differ from those