From Smallest to Largest: Tata Companies Ranked by Market Cap!

From tea to tech, there is one company (Ok, one BIG group of companies) which has touched every corner of our lives– TATA!

As of March 2024, Tata Group’s market cap is ~₹30.66 lakh crore (combining all its 26 listed companies)

Think about it– for having a garma-garam cup of coffee to kickstart your day, a pinch of salt to add that kamaal ka swaad into your meals, or a sturdy SUV for experiencing yaadgar trips, Tata’s products are there for each of these, building a legacy of reliability that’s truly applauding (even by its rivals).

In short, Tata ne har jagah apni chaap chorhi hai!

But have you ever wondered which Tata company rules the value chart when it comes to market capitalisation (MCap)?

Let’s unravel the market charts and understand the Tata companies’ rankings as per their MCap.

Tata Companies in the Increasing Order of Valuation!

With each company contributing uniquely to the group's legacy, the market valuations of these companies offer an intriguing insight into their performance and future growth potential. In this list, we take a closer look at Tata's companies, knowing their respective positions in their business sectors.

1. Tata Chemicals

Founded in 1939 in Mithapur, Gujarat, Tata Chemicals Limited (TCL) with operations spanning 4 continents as of now. Recognised as the world’s second-largest soda ash company, TCL combines sustainability and innovation to drive its diverse businesses.

Current MCap: ₹28,827 crore

Some of the products of Tata Chemicals are:

• Tata Medikarb
• Tata Alkakarb
• Tata Speckarb
• Tata Shudh
• Tata Magadi

Did You Know? Tata Oil Mills (TOMCO), once a part of the Tata Group, was sold to Hindustan Unilever (HUL) in 1993.

Following the sale story of TOMCO, now let’s understand how Tata Group has strengthened its presence in the technical sector.

2. Tata Technologies

Founded in 1994, Tata Technologies employs 12,000+ professionals and operates through 20 global delivery centres across Asia-Pacific, Europe, and North America.

Current MCap: ₹39,047 crore

On October 28, 2024, Air India partnered with Tata Technologies to revamp aircraft interiors, aiming to enhance the passenger travel experience.

Additionally, Tata Technologies partnered with BMW Group to establish a joint venture, BMW TechWorks India, focusing on automotive software innovation, including Software-Defined Vehicles (SDVs).

The company launched its IPO in 2023, sparking questions about whether it's a good investment. This article provides everything you need to know about the IPO.

3. Tata Elxsi

Tata Elxsi was founded in 1989, in Bangalore, India, with the aim to develop and promote applications in electronics, embedded systems, and software. Over the years, it has grown into a globally recognised leader in engineering services.

Current MCap: ₹44,995 crore

Today, it is considered a premium service provider, excelling in sectors such as automotive, media, broadcasting, communications, and healthcare.

Tata Elxsi has its presence in multiple products and service areas, including:

• Automotive
• Healthcare
• AI
• Product Engineering
• Aerospace
• Cybersecurity
• Internet of Things
• Big Data Engineering

Recently, Suzuki and Tata Elxsi has launched “SUZUKI-TATA ELXSI” offshore development centre. The centre will focus on next-generation powertrains and software-defined vehicles. Its aim is to encourage energy-efficient solutions for electric, hybrid, and alternative fuel vehicles.

Looking to analyse Tata Elxsi in detail? This article has all the insights you’re looking for.

4. Tata Communications

Tata Communications, originally known as VSNL, was established in 1986 under the Indian Companies Act, 1956. It was formed to take over the operations of the former Overseas Communication Services (OCS).

Current MCap: ₹51,864 crore

The company handles ~30% of global internet routes. With its extensive infrastructure, it connects businesses to 80% of the world’s top cloud providers.

Moreover, its reach is truly global, serving 4 out of 5 mobile subscribers worldwide. In addition to this impressive network, Tata Communications surpassed the ₹20,000 crore revenue mark, driven by a remarkable 21.9% growth in its data segment.

With a presence in 190+ countries and territories, its Internet of Things (IoT) network in India is set to become the world’s largest of its kind, covering nearly 2,000 communities and reaching over 4,000 lakh people.

Tata Communications has also partnered with Singapore Airlines (SIA) to modernise the airline's communication and collaboration tools. The company is focused on achieving steady data revenue growth and aims to double it by FY27.

Following Tata company is Voltas, a leading player in the air conditioning and cooling industry.

5. Voltas

Voltas, founded in 1954, stands as India’s largest air conditioning and engineering solutions provider company. With a legacy spanning 7 decades, it was established through a partnership between Tata Sons and Volkart Brothers.

1 in every 4 room air conditioners and 1 in every 3 commercial refrigerators sold in India is a Voltas product.

With an 18.7% year-to-date market share, Voltas continues to dominate India’s air conditioning market. It sold over 2 million ACs in 2023-24, record-breaking top-line growth for the company.

Current MCap: ₹56,053 crore

Did you know? Voltas was behind the installation of cooling systems for India’s first high-speed train, the Rajdhani Express, the Royal Palace of the Sultan of Muscat, and even India’s new Parliament House!

Voltas has also expanded into home appliances with Voltas Beko, in collaboration with Arçelik Group's Beko. Notably, Voltas Beko is the first brand in India to introduce a 5-star-rated washing machine.

Next on the list is Tata’s key player in the Fast-Moving Consumer Goods (FMCG) sector, known for its popular brands in the food and beverages market.

6. Tata Consumer Products

Tata Consumer Products was formed in February 2020 after the merger of Tata Chemicals Ltd. with Tata Global Beverages Ltd.

The company is home to popular brands like:

• Tata Tea
• Tetley
• Tata Salt
• Himalayan Water
• Tata Sampann
• Tata Soulfull

Its products are available in over 40 countries, establishing it as a prominent player in the FMCG sector.

Current MCap: ₹94,537 crore

Tata Consumer Products has consistently expanded its footprint in the food and beverages sector. It all began with the launch of Tata Salt, India's first iodised, vacuum-evaporated salt, which became a household name.

Building on this success, it further strengthened its position in the global beverage market by entering a joint venture with Starbucks. Tata Coffee now supplies premium coffee to Starbucks Reserve in Seattle and over 100 outlets in India, aiming to become a key player in its global supply chain.

It also acquired Capital Foods, the owner of Ching's Secret and Smith & Jones, in phases.

Tata Consumer Products innovation momentum resulted in 47 new launches in FY24 (including Tata Tea Gold Vita Care, Tata Simply Better cold-pressed oils, Tata Salt Immuno, and Tata Salt Iron Health)– nearly 1 launch every 7 days. And it is targeting 50 new launches in FY25.

We now turn our attention to IHCL (Indian Hotels Company Limited), a key player in the hospitality industry, renowned for its luxury hotels and commitment to world-class service.

7. The Indian Hotels Company Limited (IHCL)

Established in 1902 by Tata Group founder Jamshedji Tata, Indian Hotels Company Limited (IHCL) made its mark with the opening of its first hotel, The Taj Mahal Palace, Bombay (now Mumbai), in 1903.

Representing the hospitality arm of the Tata Group, the debut of The Taj Mahal Palace was described by The New York Times as a “resplendent debut,” setting a benchmark for luxury and service in Indian hospitality.

Current MCap: ₹1.14 lakh crore

Apart from Taj, other prominent brands that come under IHCL are:
Hotels:

• SeleQtions
• Vivanta
• Ginger
• Amã

Restaurants:

• Machan
• House of Ming
• Shamiana
• Qmin

After knowing about IHCL's success in hospitality, we now focus on Tata Power, driving India's transition towards cleaner, more sustainable energy solutions.

8. Tata Power

Tata Power pioneered hydropower generation in India with the establishment of the first hydro station at Khopoli in 1915. Today, it generates 30% of its energy from clean sources, including solar and wind, making it India's largest integrated power company.

Current MCap: ₹1.37 lakh crore

Tata Power was the company that introduced multiple circuit 220kV towers for the first time in India.
 
With a power generation capacity of 13,068 MW, the company serves over 1.2 crore customers across India. Moreover, Tata Power is actively focusing on expanding its renewable energy capacity, with plans to invest up to 70,000-75,000 crore.

How vast is the Tata empire? This article breaks it all down for you.

9. Tata Steel

With a current workforce of 77,000+, Tata Steel’s foundation was led in 1907, way before India got its independence. Tata Steel cater products segments such as agriculture, automotive steels, construction, energy and power etc.

Current MCap: ₹1.83 lakh crore

Did you know? Tata Steel was the company behind producing the corrosion-resistant steel for Kolkata's iconic Howrah Bridge.

In 2023, Tata Steel became India's first steelmaker to use biochar (biomass-based charcoal). By using this, it has replaced ~30,000 tonnes of fossil fuel at its Jamshedpur plant. This initiative could potentially cut over 50,000 tonnes of CO2 emissions annually.

And when it comes to profit-making (₹833.45 crore as of Q2 FY25), what’s the strategy behind Tata Steel’s extraordinary journey? Discover how it even surpassed TCS at one point in this detailed article.

10. Trent

Originally incorporated as Lakme Limited in 1952, the company initially focused on cosmetics, toiletries, and perfumery products. In 1998, it shifted to apparel retail, acquiring Littlewoods International (India) Private Limited and merging it with its subsidiary, Lakme Exports Limited.

The merged entity was rebranded as Trent Limited in January 1998.

Current MCap: ₹2.41 lakh crore

Some of the popular brands of Trent:

• Westside
• Zudio
• Star Market
• MISBU
• Utsa
• SAMOH

Did you know? Trent formed a joint venture with Inditex to operate Zara stores in India.

Listed on the NSE in 2004, the company has delivered remarkable price returns of 37,000%. And by holding a 49% stake in Zara, the global fashion giant, it is solidifying its presence in premium retail.

Apart from Westside and Zudio, if you’re wondering what makes MISBU stand out in the market, find out all the details in this detailed breakdown.

11. Tata Motors

Tata Motors, a giant in the Indian automotive industry, was established in 1945 as Tata Engineering and Locomotive Company (TELCO). As of now, the company has a global presence in 125+ countries.

Current MCap: ₹2.95 lakh crore

Back in 1998, Tata Motors made history with the launch of the Tata Indica, India's first indigenously developed passenger car. Building on this success, it introduced the Tata Nano, which became the world's cheapest car. Not long back, the company has made news in electric mobility with the launch of the Tata Nexon EV.

Currently, Tata Motors is actively involved in enhancing its Electric Vehicle (EV) segment. It is commanding over 70% of the EV market as of now.

At present, EVs contribute 14-15% to the company’s sales, which the company is planning to increase to 25% by 2027 and an ambitious 50% by 2030.  

Below is the revenue breakdown of Tata Motors as of Q2 FY25:

Tata Motors has revolutionised the EV market, but can it maintain its dominance? Explore the possibilities in this article.

12. Titan

Titan was founded in 1984 as a joint venture between the Tata Group and the Tamil Nadu Industrial Development Corporation (TIDCO).

Current MCap: ₹2.94 lakh crore

Titan has a legacy of innovation and strategic growth in the Indian watch and jewellery industry. Initially, it formed a joint venture with Timex, which lasted for six years. After that, Tata regained its shares and introduced Sonata. It also introduced Edge, the world's slimmest watch. And it made a bold entry into the jewellery segment with the launch of Tanishq.

Titan’s Portfolio:

There are multiple widely popular brands under Titan. And you might already know about many of them.

• Watches: Raga, Nebula, Fastrack, Sonata, Titan Smart
• Jewellery: Tanishq, CaratLane, Zoya, Mia
• Eyecarer: Titan Eye+, Fastrack Eyecare
• Fragrance: Skinn

Titan, which went public in November 1994, has since delivered an impressive price return of over 18,200% and operates in 40+ countries globally.

Want to explore the rich legacy of the Tata Group from its very beginning? Read this article to learn all about it.

13. Tata Consultancy Services (TCS)

Established in 1968, TCS is a leading Indian multinational IT services and consulting company renowned for its extensive portfolio of business solutions, such as TCS Enterprise Navigator, TCS Crystallus, and TCS ConvertCore. With a workforce of over 6,12,000 highly skilled consultants, it operates in 55 countries.

Current MCap: ₹15.81 lakh crore

In 2003, TCS became the first Indian IT company to cross the $1 billion mark in annual revenue, and a year later, it was listed on the stock exchanges.

As of 2024, it is the second-largest Indian company by market cap after Reliance Industries (₹17.09 lakh crore). It is also the Tata Group company with the largest market cap.

Did you know? TCS was the company behind developing the core banking platform for the National Stock Exchange of India.

Ever wondered how TCS keeps surpassing competitors like Infosys and has become the largest IT company in India? Check out this comparison article to understand the strategies driving its success.

Affter understanding Tata companies as per their market standing, now if you want to discover how the companies are performing in the stock market, read our latest coverage on it here.

The Bottom Line

With each company contributing its unique strengths, the Tata Group is continuing to represent India on the global stage with its visionary leadership and strategic investments across diverse sectors.

As I conclude this analysis of Tata companies by market cap, you might assume that all the projects and decisions of Tata were successful. But that’s not true, in fact.

Even this biggest conglomerate in India has faced multiple failures. In this article, understand how some decisions became Tata's top 5 failures.

If you find the above info worth it, then do like this article and keep reading more such valuable content.

Also:
Which Tata company surprised you the most in terms of its market cap? And what do you think sets Tata companies apart from others in their industry?

Join the conversation and share your thoughts in the comments below!

*Disclaimer: The stocks, companies, and policies discussed above aren't recommendations from Finology Insider but guest content and shall not be construed as a replacement for professional advice. Consult a professional or conduct the necessary research before making investment decisions.