Adani Group wins big in FY22 with 88% surge in market capitalisation

The big three groups - Tatas, Mukesh Ambani-led conglomerate, and Adani Group - raise their share

India’s big business groups owned by families continue to steal a march over their bigger rivals. The big three business groups in terms of market capitalisation — the Tatas, the Mukesh Ambani-led conglomerate, and Adani Group — together accounted for 34.2 per cent of the combined market capitalisation of all family-owned enterprises in the country, up from 31 per cent at the end of March 2021 and 22 per cent at the end of December 2016.

The big three business groups had a combined market capitalisation of Rs 54.45 trillion on Thursday, up 44.2 per cent from the Rs 37.6 trillion