Reliance tops in market cap, net worth

Reliance tops in market cap, net worth
ENS ECONOMIC BUREAU

MUMBAI, DECEMBER 21: The Reliance group of the Ambanis has emerged as the numero uno in market capitalisation, net worth, assets and profits amongst all Indian business houses at the end of the millennium.

Quoting the study of performances of Indian business houses, conducted by Centre for Monitoring Indian Economy (CMIE), Reliance stated that the market capitalisation of the group - which represents the wealth of its shareholders or total value of all listed shares - stands at Rs 47,652 crore. This is Rs 5,939 crore higher as compared to the next group on the list, Wipro (Rs 41,713 crore). Zee is in the third place (Rs 36,149 crore), Infosys fourth (Rs 33,896 crore) and the Tatas fifth (Rs 27,965 crore).

Further, the Reliance group has the largest assets among all the Indian business houses. Its total assets amounted to Rs 55,416 crore. Here again, Tata comes second with assets of Rs 48,932 crore and AV Birla group third with assets of over Rs 26,000 crore. Reliance group's gross fixed assets and netfixed assets are at Rs 39,533 crore and Rs 31,582 crore are also the largest among all Indian business houses at the end of the millennium.

In net profit (for the year 1998-99) also, Reliance topped the list of business groups. The group clocked a net profit of Rs 1,792 crore, followed by the Tatas (Rs 1,539 crore), AV Birla group (Rs 977 crore) and Bajaj (Rs 562 crore). In the year 1998-99, Reliance group has recorded an operating profit of Rs 1,978 crore.