Perpetual Capital & Hurun India Unveil ‘Perpetual Capital Hurun India Impact 50 – 2026’, Spotlighting India Inc.’s Shift from Compliance to Measurable Sustainability Impact

Hyderabad, February 18, 2026: Perpetual Capital and Hurun India launched the Perpetual Capital Hurun India Impact 50 - 2026, recognising 50 companies' alignment with the United Nations' 17 Sustainable Development Goals (SDGs), based on the latest available company disclosures as of December 2025. Hindustan Unilever tops the list with balanced performance across SDGs, including climate, water, circularity, gender and life on land, while HCL Technologies ranks second with major reductions in operational emissions and expansion of energy-efficient digital solutions.

Mumbai leads with 26 companies, far ahead of Pune and Ahmedabad, reinforcing its position as India's sustainability capital. Metals & Mining is the most represented industry with 7 companies, followed by Software & Services, Energy and Consumer Goods with 6 companies each. Notably, Hindustan Unilever operates with 97% renewable energy, Mahindra & Mahindra scores a remarkable 15x water positivity, and JSW Energy demonstrates net-positive circularity with a 102% waste re-use ratio. Persistent Systems and Tata Consumer Products have already achieved carbon neutrality, while five large companies including Dr. Reddy's, Tech Mahindra, and Hero MotoCorp aim for carbon neutrality by 2030.

Anvitha Prashanth, Partner, Perpetual Capital, said: "What strikes me most about the Perpetual Capital Hurun India Impact 50 – 2026 is the depth of stakeholder commitment, with 25 companies setting measurable targets on Gender Equality, 30 companies investing in active ESG-focused R&D, and 39 channelling significant capex into environmental and social progress. At Perpetual Capital, we back founders who understand that building valuable businesses means creating value for all stakeholders, not just shareholders. Having built a consumer business closely alongside frontline workers, farmers and artisans, I have seen that fair wages, equitable partnerships and inclusive cultures are not trade-offs; they are the foundations of trust and scalable growth. As India’s largest corporations demonstrate that stakeholder capitalism builds resilience, it de-risks our investment thesis and validates entrepreneurs who embed these principles from day one."

Pranav Prashanth, Partner, Perpetual Capital, said: "The Perpetual Capital Hurun India Impact 50 - 2026 captures a remarkable moment in India’s sustainability journey, where impact is no longer just a founding principle for early-stage ventures but a core business imperative for India’s largest corporations. At Perpetual Capital, we back founders building businesses that create meaningful impact across consumer, commerce and social sectors. Seeing established leaders such as ITC, Persistent Systems and Wipro achieving 99% waste recycling, carbon neutrality and 79% renewable energy use demonstrates that the entire ecosystem, from seed-stage start-ups to large enterprises, is moving in the same direction. This convergence creates a powerful tailwind for the next generation of impact entrepreneurs. When sustainability becomes standard practice across India Inc., it validates the thesis we have backed since inception and opens new opportunities for collaboration between emerging innovators and established industry leaders."

Anas Rahman Junaid, Founder and Chief Researcher, Hurun India, said: "The Perpetual Capital Hurun India Impact 50 - 2026 captures a defining moment, the moment sustainability stopped being a reporting exercise and became the strategy.” “Three years ago, when we launched this List, that shift was still aspirational. Today, it is measurable. Hindustan Unilever runs on 97% renewable energy. JSW Energy re-uses 102% of its waste. Mahindra & Mahindra is 15x water positive. These are not incremental improvements. They are fundamental reimaginations of how Indian industry operates.”

“And the transformation runs deeper than the environment. Over INR 8,000 crore in CSR investments reaching 200 million beneficiaries. Nearly 4.7 lakh women in the workforce. 109 women on boards. Over 7,000 differently-abled employees.”

“Our partnership with Perpetual Capital reflects a shared conviction that the companies creating the most lasting value are the ones building it responsibly. The shift from compliance to genuine impact is the story of the Perpetual Capital Hurun India Impact 50 - 2026."