Tatas outdo Sensex under Chandrasekaran, but more dependent on TCS

Under Chandrasekaran, combined m-cap of group firms has doubled in 4 years

Tata group companies have outperformed the broader market over the past four years, under the chairmanship of N Chandrasekaran. However, the group’s fortunes rely heavily on the performance of Tata Consultancy Services (TCS) now, as compared to the past. The combined market capitalisation of the group’s listed companies has nearly doubled in the last four years, against a 77 per cent rally in the benchmark Sensex during the period.

The overall market value of 16 key group firms — excluding listed subsidiaries of such entities — stood at Rs 16.8 trillion as of Friday. This was close to 2x the Rs