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Tata group became country’s largest business group, but Adani group doubled its wealth

India Top Business Group: Adani Group may have made money to investors in 2022 at a fast pace, but the country’s oldest and veteran industrial group Tata Group has been the country’s largest group in terms of market capitalization. The market capitalization of Tata Group’s listed companies in the stock market has been Rs 21.2 lakh crore. While Adani Group has been in second place and its market cap in 2022 has been Rs 19.66 lakh crore.

Adani Group has managed to become the second largest group in 2022 leaving behind Reliance Industries. In 2022, there was an increase of Rs 9.62 lakh crore in the market cap of Adani Group. That is, a doubling of the market cap of Adani Group was seen in 2022. With the acquisition of Gujarat Ambuja, ACC and NDTV, the Adani group added Rs 1.52 lakh crore to its market cap, while Adani Wilmar’s listing on the stock exchange increased its market cap by Rs 80,000 crore. The market cap of Reliance Industries in 2022 has been Rs 17.54 lakh crore while in 2021 it was Rs 16.4 lakh crore. The market cap has decreased as compared to Rs 23.4 lakh crore in 2021, even though the Tata group may be in the first place.

Bajaj Group has been the fourth largest group in the country in terms of market cap in 2022. The market cap of companies listed in the group’s stock market has been Rs 8.35 lakh crore, although it has been 2.6 percent less than in 2021. In 2021, the market cap was Rs 8.58 lakh crore. Sunil Bharti Mittal’s Bharti Group has been ranked fifth with a market cap of Rs 5.17 lakh crore and Aditya Birla Group has been ranked sixth with a market cap of Rs 4.56 lakh crore. Mahindra Group has been ranked seventh with a market cap of Rs 3 lakh crore.

Asian Paints Group is at the eighth position with a market cap of Rs 2.97 lakh crore, while Shiv Nadar’s HCLTech is ninth with Rs 2.82 lakh crore and Radhakishan Damani’s Avenue Supermarts is at tenth position with Rs 2.64 lakh crore.

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