Historic! Tata Group Becomes India's First Business Group To Hit Rs 30 Lakh Crore Market Cap

Tata group and its companies are creating records, one after another. Soon after Tata Motors and TCS shares hit their all time highs this week, the entire conglomerate has created history by becoming the first Indian business group to hit Rs 30 lakh crore market cap milestone.

Tata Group Hits Historic Rs 30 Lakh Crore Market Cap Mark

tata group/yourstory

Tata Group's combined market capitalisation crossed Rs 30 lakh crore on February 6, making it the first Indian business house ever to hit that mark. What helped Tata group hit that historic milestone is the surge in the stock prices of TCS, Tata Motors, Tata Power and Indian Hotels this year.

Also Read; When Tata Motors Came Out With A Nano Car Worth Rs 22 Crore

Performance Of Tata Group's Listed Companies

As per Bloomberg data mentioned in a Moneycontrol report, here's how each of Tata group's listed companies have performed on the stock market this year (data as on 6th Feb, 2024)

tata group market cap/moneycontrol

Also Read: Meet Avani Davda, The Youngest CEO Ever To Head A Tata Group Company

Tata Group Was Started With A Capital Of Rs 21,000 In 1868

One of India¡¯s most prestigious business groups, the Tata Group was founded in the year 1868. A 29-year-old Jamsetji Nusserwanji Tata started Tata group as a trading company with a capital of Rs 21,000.

jamsetji tata/tata

With that Rs 21,000 capital, Jamsetji soon embarked on his first expedition to England, where he became knowledgeable about the textile industry. He was certain that Indian businesses had a great opportunity to challenge the British textile industry's current hegemony. In 1869, Jamsetji began his career in textiles. In Chinchpokli, the industrial hub of Bombay, he bought an abandoned and bankrupt oil mill, renamed it Alexandra Mill, and turned it into a cotton mill.

A local cotton merchant purchased the mill from Jamsetji two years later for a substantial profit. He then made a lengthy trip to England and studied the Lancashire cotton trade in great detail. Jamsetji was impressed by the caliber of the men, equipment, and goods he saw during this journey, but he was confident he could duplicate the success in his own nation. Jamsetji thought he could play a game that the colonial masters had rigged to their advantage and defeat them.

From around 1880 until his death in 1904, Jamsetji was engrossed in what must be the three greatest ideas of his life- founding an iron and steel company, producing hydroelectric power, and establishing a top-tier university that would teach Indians the sciences. All these would never come to pass while Jamsetji was alive, but the seeds he sowed, the work he did, and the determination with which he pursued this triad of his dreams guaranteed that they would eventually find glorious expression.

Also Read; All You Need To Know About Tata Group's Most Expensive Stock

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