Bajaj Group market cap hits $100 bn; fourth family-owned biz to hit mark

Many family business houses have seen a huge jump in their market cap in the past one year

Bajaj Group on Tuesday joined the list of family-promoted business houses that have hit a market cap of $100 billion — the fourth to do so.

The others include the Tatas, Reliance, and an entrant this year, the Adanis.

Bajaj Group reached the figure briefly on June 25 but shrank from that owing to the markets falling and the appreciation of the US dollar. However, on July 6 the market cap of eight of its listed companies hit Rs 7.5 trillion ($100.6 billion), based on the day’s exchange rate of Rs 74.55 to the dollar.

On June 25, it had