Tata Group remained India s largest business conglomerate in market capitalisation in calendar year 2023 while the Mukesh Ambani camp raced ahead of the Adani businesses to become the second-largest.
The Tata companies ended 2023 with a combined group market capitalisation of Rs 28.68 trillion, up 35 per cent from the Rs 21.2 trillion at the end of December 2022.
Ambani s group mcap is Rs 19.42 trillion at the end of CY23, up 10.7 per cent from the Rs 17.6 trillion a year ago.
India s billionaire promoters hit record high in 2023, net worth soars to $858 billion invezz.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from invezz.com Daily Mail and Mail on Sunday newspapers.
TVS Group begins the arduous task of simplifying ownership structure
The rearrangement of shareholding of TVS Group will help the next generation of entrepreneurs branch out to newer investment areas December 11, 2020 / 05:30 PM IST
For the first time since the mid-1990s the century-old TVS Group laid bare its intentions of simplifying the ownership structure of group companies, which it believes will ensure that the control of group companies rests with the management.
Even as further details are awaited, the idea is to allow one promoter family that is holding shares in one entity to have control of the company it runs. This way the ownership structure of individual companies will also get clearer.