Report Card: India's ten largest conglomerates had a mixed 2025

Copyright © HT Digital Streams Limit all rights reserved. India’s top 10 corporate giants are collectively made up for 24% of the total market cap of £ 111 trillion of the Indian stock market. Illustration: Pixabay supper while the 30 businesses in the Sensex have so far achieved 6.2% in the market capitalization, the combined market cap of this elite group with a modest 4.7% recorded. But this overall underperformance hides a sharp divergence: Although some have grown significantly, others have seen their value shrink. In a year of global uncertainty and turbulent stocks, a handful of the largest conglomerates of India have proved their fight by creating significant wealth of shareholders. India’s Top 10 Corporate Giants – Reliance Group, Tata Group, Bajaj Group, Aditya Birla Group, Murugappa Group, Adani Group, JSW Group, Mahindra Group, Godrej Group and L&T Group – is a degree of 24% of the Indian stock market. But a closer look reveals a striking paradox. While the 30 businesses in the Sensex have increased by 6.2% in the market cap so far in 2025, the combined market cap has risen with a modest 4.7%. However, this overall underperformance hides a sharp divergence: Although some conglomerates have grown significantly, others have seen their value shrink. The clear differences in performance can only be understood by placing the results of this year in a broader context, experts said. Hemant Nahata, Executive Vice President-Strategy, Yes Securities, Said, “Performance must be seen in the context of the past four to five years, not just year-to-date. Markets move in phases, and some companies gain when cycles turn while others face Corrections. Benefited from Last Year’s Rate Hikes, While Adani Group, After a Massive Run -Up, Faced a Correction and Subsequent Challenges, “Adding,” High valuations without income support always lead to underperformance. With its market capitalization so far this year by 29%. remarkable six better danger than the Sensex in 2025. The guidance of the parcel is Maharashtra Scooters, which increased the market cap 87.4%, which exceeded the benchmark with a massive 81 percentage points. Bajaj Consumer Care is 13%. Including metals, cement, financial services. achieved. The Reliance Group claims third place with a market cap of 12.9% so far in 2025. However, this achievement was overwhelmingly driven by its flagship Reliance Industries, which is only responsible for 89% of the group’s total market cap. 7% in 2023 and 2022. Murugappa Group claims fourth place. 33.5%), and Cholamandalam Investment & Finance (higher than 28%). Stories, however, differ significantly. The flagship JSW steals (which make up 56% of the group’s market cap) climbed 22%. Adani Group, which still recovered from a difficult period, has so far made modest 3% market cap gains, which underperformed the Sensex. Listed companies that succeed in performing better. A 9% drop in 2022 of its 24 -listed companies, only five managed to surpass the benchmark index. Modestly 2%. News updates about live mint.