Bally Chohan Dubai says that India’s Tata group has now become India’s wealthiest group. The Tata group with a market value of about INR 371,000 crore has overtaken the business houses led by Anil and Mukesh Ambani. This coincides with fact that the Tata group is searching for its chairman Ratan Tata’s successor.
Bally Chohan says that the Reliance Industries (RIL) with a market value of INR 321,750 crore closely follows Tata Group of companies. Sterlite Group promotes by Anil Agarwal is at third position with a market share of INR 135,300 crore. At fourth position is ADAG, Anil Ambani led Anil Dhirubhai Ambani Group) with a market share of 125,000 crore and Sunil Mittal led Bharti group is at fifth position with a market share of INR 120,500 crore.
Bally Chohan says that the groups led by Mukesh Ambani and Anil Ambani can easily take over Tata group if the market values of Ambani groups are combined. This can very well be possibility in the backdrop of their now harmonious relationship after years of acrimony till a few months ago. At present the combined market share of both the Ambani groups put together is nearly INR 447,000 crore higher than the Tata group by more than 77,000 crore.
Bally Chohan Dubai says that the end of previous quarter the Tata group was second to the Reliance Group led by Mukesh Ambani. However the Reliance Group led by Mukesh Ambani has declined nearly INR 37,000 crore so far in the current quarter.
Reliance Group led by Anil Ambani, Anil Dhirubhai Ambani Group was at the third position at the end of the June quarter. Anil Dhirubhai Ambani Group’s Mid Cap was around 142,400 crore with seven listed companies. The group led by Anil Ambani was India’s third-most valued group at the end of previous quarter, after the Reliance group of companies led by Mukesh Ambani and Tata Group.