Share of family-owned firms in total market capitalisation rises to 64.5%

The post-pandemic rally on the bourses in 2020 boosted the market capitalisation (m-cap) of most large business groups.

The combined m-cap of all private sector companies rose by 24.4 per cent this year to Rs 142.4 trillion as of December 24, up from Rs 114.5 trillion at the end of December 2019.

The growth was led by family-owned companies and business groups with presence in pharmaceuticals, information technology services, and consumer products. The combined m-cap of family-owned business groups was up 31 per cent year-on-year (YoY) this year to Rs 115 trillion, from around Rs 88 trillion a year ago.

As a result,