[ INDIAN BUSINESS GROUPS ]
Indian Business Groups — Listed Cluster Stocks
India's major business families control conglomerates whose listed companies tend to co-move on group-level news. Browse the 10 largest groups, their family / professional leadership, founding history, and the full list of their publicly traded subsidiaries.
Tata Group
13 listedfounded 1868 · HQ Mumbai, Maharashtra
India's largest conglomerate — 13 listed companies spanning cars, steel, IT, hotels, retail, consumer, chemicals and design.
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Adani Group
8 listedfounded 1988 · HQ Ahmedabad, Gujarat
Conglomerate spanning ports, energy, transmission, cement, media — listed Adani complex includes 8 publicly traded companies.
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Reliance / Mukesh Ambani Group
2 listedfounded 1966 · HQ Mumbai, Maharashtra
India's largest private corporate by revenue — Reliance Industries + Jio Financial Services together cover energy, telecom, retail, digital and financial services.
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Aditya Birla Group
5 listedfounded 1857 · HQ Mumbai, Maharashtra
Diversified conglomerate spanning cement, metals, fashion, financial services and chemicals — Kumar Mangalam Birla as chairman.
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Mahindra Group
5 listedfounded 1945 · HQ Mumbai, Maharashtra
Mahindra Group — passenger SUVs, IT services, financial services, logistics and real estate under Anand Mahindra's leadership.
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Godrej Group
4 listedfounded 1897 · HQ Mumbai, Maharashtra
Godrej Group — FMCG, properties, agri, conglomerate — formally split April 2024 between the Adi-Nadir branch (listed cos) and Jamshyd branch (industrial arm).
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Wadia Group
2 listedfounded 1736 · HQ Mumbai, Maharashtra
India's oldest business house (1736) — listed footprint is Britannia Industries (FMCG biscuits) + Bombay Dyeing (textile / realty).
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Hinduja Group
2 listedfounded 1914 · HQ Mumbai, Maharashtra
Global conglomerate spanning automotive, banking, energy and IT — listed in India via IndusInd Bank and Ashok Leyland.
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Murugappa Group
5 listedfounded 1900 · HQ Chennai, Tamil Nadu
Chennai-based conglomerate (1900) — listed footprint includes Cholamandalam Finance, Tube Investments, EID Parry, Carborundum and Coromandel.
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Anil Ambani Group
2 listedfounded 2005 · HQ Mumbai, Maharashtra
Distressed group from the 2005 Ambani brothers split — listed remnants are Reliance Power and Reliance Naval. NCLT-driven re-rating sensitivity.
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