Tata Group becomes India’s wealthiest business house
The Tata Group has become the country’s wealthiest, with a market value of about Rs 3,71,000 crore, higher than that of the business houses led by the two Ambani siblings.
The Tata Group is followed by Mukesh Ambani-runReliance Industries (RIL) group as the second-most valued firm (Rs 3,21,750 crore), Anil Agarwal-promoted Sterlite group at third (Rs 1,35,300 crore), Anil Ambani group (ADAG) at fourth (Rs 1,25,000 crore) and Sunil Mittal-led Bharti group at fifth (Rs 1,20,500 crore), in terms of cumulative market capitalisation.
However, the Tatas would be relegated to second position if the market values are combined of the two Reliance groups, one led by Mukesh and another by younger sibling Anil. The combined market capitalisation of the two Ambani groups currently stand at nearly Rs 4,47,000 crore.