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THE NEXT 500

verall ranks are based on average market cap (October 2021 to September 2022). ‘Rank 2021’ is as (banking, financial services and insurance) companies have a different way of earning and presenting financial data, so their income, profit and asset numbers have not been ranked. Data provider (ACE Equity) has not considered share of profit/loss of associates and joint ventures for calculating profit after tax wherever applicable. Data as of November 7, 2022; Source: ACE Equity

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