The HDFC Group has emerged as the country’s most valuable by way of market capitalization (m-cap), displacing the Tata Group that has interest in businesses as diverse as software, table salt, steelmaking and automobiles.
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Five listed companies of the financial powerhouse –HDFC, HDFC Bank ,HDFC Life, HDFC Asset Management and Gruh Finance– have a combined market value of Rs 11.66 lakh crore. The combined m-cap of 29 Tata Group companies stands at Rs 11.64 crore, about Rs 2,000 crore less than that for the HDFC Group
This is, however, not the first time that the financial conglomerate has outrun India’s oldest industrial grouping, and market values of both groups have been rather close in the past six months. Both groups were significantly apart 18 months ago by way of market value.
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