Tata Leads Wealth Creation in 2009

Tata Leads Wealth Creation in 2009

This year Ratan Tata leaded Tata Group leads in Wealth Creation. Tata Group has 31 Businesses from salt to software.

As the market picked up the pieces from the global meltdown and inched back to its glorious milestones, the Tata group has leapt ahead of the bourses this year. Thirty-one companies from the salt-to software conglomerate saw their combined market capitalization soar by more than Rs 2 lakh crore, or by over 150%, in 2009 (up to December 24, 2009). The jewel in the Tata crown, Tata Consultancy Services, had a rocking year, with its M-cap trebling, by 213%.

The second largest wealth creator this year is Mukesh Ambani’s Reliance Industries. The combined market capitalisation of the group swelled more than Rs 1.5 lakh crore, with flagship RIL recording an 80% jump in M-cap.

Together, the wealth of India's top 25 industrial houses-ranked according to turnover and measured by M-cap-rose by 113% to Rs 15.22 lakh crore, from Rs 7.15 lakh crore at the end of last year. In the same period, the benchmark 30-scrip Sensex gained nearly 80% to reach 17,360.61 points, while the broader 50-scrip Nifty  moved up by 75%.

Among the larger business houses, Anil Dhirubhai Ambani Group saw its M-cap rising by just 15.6% this year.