Jun 22, 2023
By: Sourabh JainHere are India’s top industrial groups that saw the highest growth/decline in value during the six-month period to April 30, 2023.
Credit: Canva
First, the companies whose value saw an increase between October 30, 2022 and April 30, 2023.
Credit: Canva
The Rajan Raheja Group, which is valued at ₹42,010 crore, emerged as the biggest gainer as its value increased by 21.1 percent. Its most valuable company is Exide Industries, which manufactures batteries.
Credit: Exide-Industries
Godrej Group is next on the list as its value increased by 11.8 percent to ₹1.75 lakh crore. Godrej Consumer Products is the most valuable company from the group.
Credit: Godrej-Consumer-Products
The Jindal Group reported an increase of 7.7 percent in its value to ₹3.01 lakh crore. Steel giant JSW Steel is the group’s most valued company.
Credit: JSW-Steel
Tamil Nadu-based TVS Group is next on the list as its value increased by 1.4 percent to ₹1.11 lakh crore. The TVS Motor Company, which manufactures two-wheelers, is its most valued company.
Credit: BCCL
Now, a look at the companies whose wealth declined during the mentioned six-month period.
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The Gautam Adani-led Adani Group saw the biggest decline in value – at 51.8 percent – to ₹9.55 lakh crore in this period after the Hindenburg research report came out. Adani Enterprises is the most valuable company in the Adani Group.
Credit: BCCL
The Murugappa Group reported a decline of 8.9 percent in its value at ₹1.62 lakh crore. Cholamandalam Investment & Finance is the group’s most valuable company.
Credit: Murugappa-Group
The Bajaj Group’s value declined by 7 percent to ₹4.3 lakh crore during the six-month period. Bajaj Finserv, which offers financial services, is the group’s most valuable company.
Credit: Bajaj-Finserv
The Aditya Birla Group’s value declined by 0.5 percent to ₹2.75 lakh crore. Grasim Industries, one of the biggest players in the textile industry, is the group’s most valued company.
Credit: Aditya-Birla-Group
The Tata Group, which has 15 companies under its umbrella, dipped 0.1 percent to ₹20.97 lakh crore. Tech giant Tata Consultancy Services is its most valued company.
Credit: IANS