New Delhi, 19 February: The market cap of the country’s leading business group Tata has overtaken the domestic product (GDP) of the neighboring country Pakistan. The market capitalization (market cap) of the group companies is more than $ 365 billion (Rs 30 lakh crore). According to the estimates of the International Monetary Fund (IMF), the GDP of Pakistan, which is stuck in an economic and political crisis, is only about 341 billion dollars.
According to a report, investors have gotten better returns due to the tremendous rise in the shares of Tata Group companies, which handle business ranging from salt to airplanes, in recent times. The combined market cap of the group has also increased. Tata Consultancy Services (TCS), the IT major among all the listed businesses of Tata Group, has a market capitalization of around Rs 15 lakh crore ($170 billion), which is equal to half of Pakistan’s GDP.
Tata Group companies have made investors rich in the last year. Group’s apparel company Tata Trent has gained 195 per cent in the last one year, Tata Investment Corp has gained 153 per cent, Tata Motors has gained 113 per cent, Tata Power has gained 83 per cent, Indian Hotels has gained 67 per cent, Tata Consumer has gained 57 per cent, Tata Communications has gained 43 per cent. , Titan has given 45 percent return, TCS 16 per cent, Tata Steel 27 per cent, Tata Eleksi 12 per cent, Voltas 24 per cent, and Tata Teleservices 36 per cent.
Apart from this, there are many big companies of Tata Group, which are not listed in the stock market at present. In this, the names of the group’s holding companies – Tata Sons, Tata Capital, Tata Play, Tata Advanced System, Air India Vistara, and many other companies are on this list. At the same time, Tata Group is planning to launch the initial public offering (IPO) of many of these companies.
It is noteworthy that India’s current economy is worth 3.7 trillion dollars, which is about 11 times larger than the size of Pakistan’s economy. At the same time, India aims to become the third-largest economy in the world by the financial year 2028. At present India is one of the fifth largest economies in the world.
