Reliance Retail, Flipkart and Malabar Gold resurface among India’s top unlisted gems, per February ranking
Resurfacing JM Financial and Hurun India’s February 2026 unlisted-company ranking, which spotlighted the scale and market standing of Reliance Retail, Flipkart and Malabar Gold across Indian retail, e-commerce and jewellery.
JM Financial and Hurun India named Reliance Retail, Flipkart and Malabar Gold among India’s top unlisted gems for 2026, highlighting the scale and market standing of major Indian retail, e-commerce and jewellery businesses.
Why this matters
Reliance Retail’s ranking appearance follows signals on its first offline Netmeds pharmacy store in Chennai, extending its retail footprint into pharmacy distribution.
The retail-company theme is accelerating, up 407300% QoQ.