With only five 5 companies within its fold, HDFC group has surpassed Tata Group to become India's largest conglomerate in terms of market capitalization. In the Indian corporate history, HDFC Bank has emerged as the only third company to cross the threshold of Rs. 5 lakh crore in market capitalization. As per the Bloomberg data, at Wednesday's closing HDFC group's market cap stood at Rs. 10.40 lakh crore which is higher by Rs. 1,185 crore in comparison to market cap of Tata Group.
Last in September 2018, steel-to-software conglomerate valued higher by Rs. 2.5 lakh crore in market cap in comparison to the HDFC group. With Rs. 7.06 lakh crore market cap, Reliance group is the third largest conglomerate in the country.
HDFC Bank accounts for 55% share in the overall market cap of the HDFC group. In the case of Tata group, two-third of the conglomerate's market value is owed to the software major, TCS. So far in 2018, except for TCS, Tatas have lost their market cap by as much as a quarter due to the plunge in Tata Motors of 60.4%.
On July 10, HDFC group's market cap crossed Rs 10- lakh crore mark. From January only, market cap of HDFC was dragged higher by 21.8% with both HDFC twins and Gruh Finance increasing in the range of 18.8%- 22.9% while during the same period Tata Group's market cap jumped higher by only 7.9%.