Bajaj group knocks out Aditya Birla from 3rd spot in m-cap battle

Over the past year, Bajaj group had been fighting a neck-and-neck battle with the Birlas for the third spot

There has been a quiet change in the pecking order among the country’s top-three family-promoted business groups in terms of the market capitalisation of their listed companies.

The Pune-based Rahul Bajaj group, thanks to an amazing stock market ride by Bajaj Finance and Bajaj Finserv, has grabbed third spot, pushing the Aditya Birla group down to fourth position.

On August 14, the market cap of the Bajaj group’s listed companies reached Rs 3.9 trillion compared to the Rs 3.02 trillion of the Aditya Birla group. The group is, of course, still behind the top two family group listed companies: the