At $365 billion m-cap, Tata group is now bigger in size than Pakistan's economy

In a milestone achievement, the market value of the Tata group has grown big enough to overtake Pakistan's entire economy, given its outsized return in the last one year. The market capitalisation of the salt-to-software conglomerate stood at $365 billion or Rs 30.3 lakh crore while IMF estimates Pakistan's GDP to be worth around $341 billion.

Tata Group's M-cap

Tata Group's software arm Tata Consultancy Service with $ 170 billion value is roughly half the size of Pakistan's economy. Most of the recent gains in Tata Group's market value came from multibagger returns in Tata Motors and Trent along with healthy rally seen in Titan, TCS and Tata Power in the last one year.

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As per The Economic Times, at least 8 Tata companies, including the recently-listed Tata Technologies, have more than doubled wealth in the last one year - TRF, Trent, Benaras Hotels, Tata Investment Corporation, Tata Motors, Automobile Corporation of Goa and Artson Engineering. Tata Capital, which has to bring out its IPO by next year, has a market value of ₹2.7 lakh crore.

Pakistan Economy struggles

Meanwhile, Pakistan which has been sitting on debt for quite some time now has its $3 billion programme from the IMF ending in March. The country is trying to meet $25 billion of external debt payments starting July. Pakistan's GDP recorded a growth of 6.1% in FY22, 5.8% in FY21 and estimated to have contracted in FY23.