Tata group remains the top business group; Adani shines the brightest

The Adani group gained from a continued rally in its existing companies and the acquisition of Ambuja Cement, ACC, and NDTV last year

Tata Group

The Tata group, on the other hand, lost sheen due to a decline in the market capitalisation of Tata Consultancy Services (TCS) and Tata Motors

Krishna Kant Mumbai
The Tata group remained India’s top business group in terms of market capitalisation (m-cap) in 2022 but Adani group companies were among the biggest gainers on the bourses for the second consecutive year. Tata companies ended CY22 with a combined group m-cap of Rs 21.2 trillion, down 9.4 per cent year-on-year (YoY) from Rs 23.4 trillion at the end of December 2021.

The Adani group overtook Mukesh Ambani’s firms to become the country’s second-biggest business house in terms of m-cap. Its m-cap more than doubled to Rs 19.66 trillion on Friday, up from Rs 9.62 trillion at the end of December 2021. In comparison, the Mukesh Ambani-led group’s market value was up 6.9 per cent YoY to Rs 17.54 trillion,

First Published: Jan 01 2023 | 8:58 PM IST

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