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It’s logical to count on that an individual who has operated the most important enterprise empire in India for almost six a long time and nonetheless holds big affect on its corporations will probably be among the many high 10 or 20 richest Indians. However that’s not the case.
Ratan Tata’s wealth, largely sourced from Tata Sons, stood at Rs 3,500 crore, placing him at 433rd place on the IIFL Wealth Hurun India Wealthy Listing 2021. Within the 2020 listing, Ratan Tata’s rating was 198th with wealth at Rs 6,000 crore.
The analysis home didn’t specify why his wealth has come down drastically at a time when equities have rallied quickly.
Ratan Tata shares the 433rd place on the listing with Harshil Mathur and Shashank Kumar of Razorpay, Edward Menezes and Sunil Chari of Rossari Biotech, Shriram brothers of DCM Shriram and N Radhakrishna Reddy & household of Rain Industries.
His wealth is lower than well-known Dalal Avenue traders Raamdeo Agrawal (Rs 4,400 crore) and Rakesh Jhunjhunwala (Rs 22,300). In reality, even Ignatius Navil Noronha, CEO of Avenue Supermart, is richer than Tata with wealth at Rs 5,800 crore.
Tata Group is a enterprise empire with pursuits in metals & mining, informational expertise, retail, auto, hospitality, chemical substances, transport, utilities and lots of others. It has no less than 29 listed corporations and extra unlisted ones. The present market cap of the listed corporations alone stands at Rs 22,31,476.81 crore.
Ratan Tata controls these corporations by means of Tata Sons, which is a technique or different the mum or dad agency of all Tata Group corporations. On Friday, it added Air India in its kitty as properly, with the federal government approving its bid for the loss-making airline.
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