- By Aditya Pratap Singh
- Mon, 19 Feb 2024 04:49 PM (IST)
- Source:JND
Pakistan Economy: Do you know that Tata Group alone has left behind the economy of the entire Pakistan? According to a report of the Economic Times, the market cap of the Indian business giant companies is $ 365 billion or Rs 30.30 lakh crore. At the same time, according to an IMF report, Pakistan's GDP is 341 billion dollars, which means Tata Group's worth is alone bigger than the economy of Pakistan.
Tata is known for its all-around businesses, they are in the manufacturing of agriculture and household essentials to making gold jewellaries and software, its empire spreads across the sectors in India and around the world as well. The valuation of Tata Consultancy Services is Rs 15 lakh crore i.e. 170 billion dollars, which is the second largest company in India by market capitalisation. So half of Pakistan's economy is equal to the valuation Tata Consultancy Services.
During the past year, there was a sharp rise in the stocks of Tata Group including Tata Motors. Last year, Tata brought the IPO of Tata Technologies, which was Tata's first IPO after a decade. The company made a blockbuster debut with over 100 per cent premium.
Tata has 25 listed companies
At present, at least 25 companies of Tata Group are listed. But only Tata Chemical has had negative returns last year. All Others Tata's stock performed positively last year.
Pakistan's economy compared to India's economy
India's economy is 11 times larger than Pakistan's economy. Currently, the GDP of India is about 3.7 billion dollars. It is speculated that India will become the third-largest economy by fiscal year 2028, surpassing Japan and Germany. At present India is the 5th largest economy in the world.
Tata group's companies that are not listed
Tata Sons, Tata Capital, Tata Play, Tata Advanced System and Air India, Vistara are among Tata Group's companies that are not listed on the stock market. If these companies debuted in the stock market, the market cap of Tata Group would go much higher.
3 companies can launch IPOs soon
Tata Capital's IPO may be launched next year. The value of the company in the unlisted market is said to be Rs 2.7 lakh crore. The IPO of Tata Sons, a company with a market value of Rs 11 lakh crore, may come in September 2025. Tata Play has already applied for IPO with SEBI. However, information regarding the timeline has not been released.
