Tata Group's market capitalisation zooms past Rs 17 trillion-mark

While Reliance Industries is India’s largest firm by market capitalisation, the Tata Group holds sway as the biggest conglomerate. The 153-year-old behemoth has 29 listed entities, and is involved in businesses ranging from tea to technology.

Va­lued at over Rs 17 trillion ($232 bn), their combined worth has increased about 47 per cent since the start of last year.

“The inherent reasons driving this grow­th are professional management, a far better capital allocation, with a strong effort by group companies to reduce debt and greater accoun­tability for the top managers,” says Amit Khurana, head of equities at Dolat Capital Market.