Reliance Group Most Valuable Business Group After Jio’s Blockbuster Listing
Jio Platforms’ stock market debut has changed the rankings of India’s biggest conglomerates. The Reliance Group most valuable business group title now belongs to Mukesh Ambani’s empire, which has overtaken the Tata Group by combined market capitalisation.
Jio listed at ₹1,358 per share on Wednesday. After the listing, the combined market cap of Reliance Group’s listed companies reached ₹28.9 lakh crore.
India’s Top Business Groups by Market Cap
Reliance leads the ranking, and the gap with Tata is wide.
- Reliance Group: ₹28.9 lakh crore
- Tata Group: ₹25.6 lakh crore
- Adani Group: ₹16.6 lakh crore
Reliance’s lead over Tata is ₹3.23 lakh crore. Tata moves to second place, and Adani stays in third.
Jio’s Listing Price and Market Value
Jio shares debuted at a premium of 21.4% over the IPO issue price of ₹1,119. At ₹1,358, Jio’s market capitalisation stood at ₹12.5 lakh crore.
Reliance Industries and Jio Platforms together now command a market value of ₹28.7 lakh crore. Jio Platforms also has India’s largest shareholder base, with 7.98 million shareholders.
Bell-Ringing Ceremony at NSE
The traditional bell-ringing ceremony took place at the National Stock Exchange (NSE) in Mumbai. Mukesh Ambani, Nita Ambani, Akash Ambani, Isha Ambani and Anant Ambani attended.
Akash, Isha and Anant Ambani addressed the gathering before the listing. Akash Ambani, Managing Director of Jio Platforms, described the listing as a starting line rather than a finish line. He promised open communication, kept commitments and trust earned through action.
Reliance Industries and Jio Are India’s Top Two Listed Companies
Reliance Industries and Jio Platforms are now India’s first and second most valuable listed companies. Together, they exceed the combined market cap of all Tata Group listed companies by ₹3.1 lakh crore.
How the Ranking Is Calculated
The comparison uses the combined market capitalisation of listed companies in each group. Jio Financial Services is excluded from the Reliance Group calculation.
Disclosure: This article is for information only and is not investment advice. Please consult a registered financial advisor before investing.
