Tata Group’s Valuation Exceeds Pakistan’s Economy, Employs Over 1 Million

The Tata Group boasts a market capitalization exceeding $400 billion, surpassing Pakistan’s projected GDP of $347 billion by the end of 2024. This milestone makes Tata Group the first Indian conglomerate to reach such a valuation. The group encompasses over 100 companies, spanning various industries from salt to airlines, and has 26 publicly traded stocks.

A Historic Foundation Established in 1868

Founded in 1868, the Tata Group is among India’s oldest industrial enterprises. Its operations extend across six continents and over 100 countries, with sales in 150 nations. Notable companies under the Tata banner include TCS, Tata Steel, Tata Motors, and Titan.

A Major Global Employer

As of FY2023, the Tata Group employed more than 1.02 million people worldwide, with TCS alone accounting for 615,000 of those employees, positioning the group as one of the largest employers globally.

Ratan Tata’s Enduring Impact

Ratan Tata led the Tata Group for over 20 years, elevating it to global prominence through significant acquisitions, including Tetley, Corus, and Jaguar Land Rover. His leadership helped shape modern Indian industry and made substantial contributions to the nation’s economy.

Tributes and Condolences

Prime Minister Narendra Modi expressed his condolences on social media, referring to Tata as a “visionary leader” and a “compassionate soul.” Tata Sons, which held two-thirds of its shares in Tata-led charity funds, transformed into a vast corporation under his guidance.

A Legacy of Innovation

Ratan Tata graduated from Cornell University in 1962 and began his journey with the Tata Group shortly thereafter. He assumed leadership of the group in 1991, driving its global expansion through acquisitions and launching iconic vehicles like the Indica and Nano.