look news india
$100 billion net worth: The country's economy is growing rapidly. Along with this, the valuation of the country's companies has also increased. In the last one year, three Indian companies have joined the $100 billion club. These include Sunil Mittal's Bharti Airtel Group, ICICI Bank and Kumar Mangalam Birla's Aditya Birla Group.
Tata Group is worth more than Pakistan's GDP!
Tata Group is the country's largest industrial house with a market capital of $366 billion. The 150-year-old group's business ranges from salt to software. Its market cap is more than Pakistan's GDP. According to the IMF, Pakistan's GDP is about $338 billion. Tata Group's market cap has increased by 36.6 percent in the last one year. The group's IT company TCS is the country's second most valuable company. Its market cap is Rs. 1,338,167.76 crore.
The market cap of these companies is more than the GDP of Indonesia
With three companies entering the $100 billion club last year, the country now has a total of eight companies valued at over $100 billion. Its total market value is $1.5 trillion, which is about 30 per cent of India's total market cap. And the top Islamic countries have a higher GDP. Indonesia's GDP is $1.484 trillion.
Reliance is a top company
The second on the list is the Mukesh Ambani-led Reliance Group. Its market cap has grown 29.4 per cent in the last one year to $267 billion. The group's holding company, Reliance Industries, is the country's most valuable company. Its market cap is Rs. 1,940,661.82 crore. With a net worth of $109 billion, Ambani is the richest person in India and Asia.
Who's in the club?
Gautam Adani-led Adani Group is ranked third in this club with a market cap of $205 billion. The group's market cap has increased by 64.7 per cent in the last one year. HDFC Group is ranked fourth with $162 billion. However, the group's market cap has declined by 13.8 per cent in the last one year. Bajaj Group is ranked fifth with a net worth of $125 billion. The group's market cap has increased by 16.3 per cent in the last one year. Airtel is ranked sixth in this club with a market cap of $120 billion. It has increased by 79.1% in the last one year. ICICI Bank is ranked seventh in this club with a market cap of $114 billion. Its market cap has increased by 18.1% in the last one year. Aditya Birla Group is ranked eighth in this club with $101 billion. Its market cap has increased by 52.7 per cent in the last one year.
