Top 10 Biggest Business Groups of India

See, right here in India, we often get to hear the names of Tata, Adani, and Reliance business groups, because these are the ones at the very top as the biggest ones in the country, right? Well, just like these three, there are many more functional business groups in India that are often in the headlines for many different reasons, especially their growth, but not a lot of us closely know about them as the leading business groups in the country. So, if for some reason, you felt somewhat intrigued about it all, let’s just get to this list of the Top 10 Biggest Business Groups in India 2025, shall we?

1. Tata Group – ₹32.28 lakh crore

Tata Group

Tata tops the list of total group value in 2025 as it has the majority of highly capitalized publicly traded companies in the areas of IT, automobiles, consumer, power, and materials, and these firms have a combined market value of ₹32.28 lakh crore.​ One of the major contributors is the company Tata Consultancy Services, which in 2025 is ranked among the top most valuable companies by the Indian stock market. Besides, the presence of other giants such as Tata Motors, Titan, and Tata Power has allowed the group to continue to maintain its overall size and to have stability in it.​

2. Reliance Group – ₹19.72 lakh crore

Reliance Industries

Every time one mentions the industrial revolution in India of late, the name of Reliance Industries comes up invariably. In 2025, with a combined group value of ₹19.72 lakh crore, Reliance is simply the real definition of size when we specifically talk about the business groups. Reliance Industries, the conglomerate’s main project, is still at the top of India’s market-cap rankings.

3. Adani Group – ₹13.41 lakh crore

Adani

Adani’s rise to power is not just another success story of India that can be compared to. The Adani family-led conglomerate has, through the years, grown to be one of the biggest industrial networks of the country that deals with businesses ranging from ports, power, to renewable energy. They are valued at ₹13.41 lakh crore as of 2025, which gives them the third position on our list. Though massive investor attention is still going to Companies such as Adani Enterprises, Adani Green, and Adani Ports.

4. JSW Group – ₹4.35 lakh crore

JSW Group

JSW Group has gradually changed its identity from a metal producer to a comprehensive industrial giant, covering everything from steel to energy. Taking the fourth position on our list, JSW holds the value of the group worth ₹4.35 lakh crore in 2025. JSW Steel, a top-five private steel producer in India, is at the very front of the group, which is additionally flourishing with diverse investments in the energy and infrastructure sectors.

5. Aditya Birla Group – ₹4.22 lakh crore

Aditya Birla Group

A group that has largely been influencing the Indian economy for more than 100 years should be acknowledged greatly, and this is precisely what keeps the Aditya Birla Group at number 5 in 2025 with a total value of ₹4.22 lakh crore. The group owes its power to the presence of such companies as UltraTech Cement and Hindalco, which are two of the largest in their respective industries.

6. Godrej Group – ₹2.74 lakh crore

Godrej Group

The Godrej empire is as diverse as the range of products from soap to skyscrapers, and each and every one of us knows that by now. In 2025, Godrej Group, with a total worth of ₹2.74 lakh crore, was at No. 6 and still a great example of how heritage and innovation can be combined effectively. Godrej Consumer Products and Godrej Properties are two main factors that led to the growth of this place. Whatever the case may be, Godrej has been able to connect with different generations and thus is not only maintaining its tradition of being on top but also winning this list once again.

7. Murugappa Group – ₹2.35 lakh crore

Murugappa Group

India is not all about glitter and marketing, around every industrial group. Murugappa Group is an example that there is life without such marketing at the top of the chain. This south Indian group, with a total market value of ₹2.35 lakh crore and ranked 7th, goes on to impress without any noise through its steady growth. Cholamandalam Investment & Finance and Tube Investments of India have been the two major factors leading to these values being strong.

8. TVS Group – ₹1.92 lakh crore

TVS Group

If we talk about a brand that accounts for the high level of customer trust in India, TVS would be the one. The TVS Group, being ranked 8th with ₹1.92 lakh crore in 2025, has not only built a versatile business portfolio but also made a notable impact on the Indian market. TVS Motor, Sundaram Finance, and Sundram Fasteners jointly exhibit the group’s well-rounded performance that reflects not only the power of industrial production but also the know-how in the financial sector.

9. Jindal Group – ₹1.82 lakh crore

Jindal Group

One of the prime steel enterprises in India, the Jindal name, has always been linked with the steel backbone of the country, and even in 2025, it is continuing to do so. Jindal Group ranks ninth on our list with an aggregate value of ₹ 1.82 lakh crore. Jindal Steel & Power, Jindal Stainless, and similar companies are still major contributors to the industrial and infrastructure story of India. The metal sector is always exposed to adverse market situations, so you can very well understand the sky high growth, right?

10. Rajan Raheja Group – ₹0.83 lakh crore

The Rajan Raheja Group is at No. 10 with a total value of ₹0.83 lakh crore, finishing our rundown with a big impact. It is less likely that you are familiar with the group’s name compared to other groups, but it is almost certain that you have consumed a product or service from any of its companies. These are big names in the game: Exide Industries, Sonata Software, and Supreme Petrochem.

Conclusion

That’s about it. See, for the sake of keeping it a top 10 list, we’ll only talk about these ten business groups in the country, which quite literally are THE biggest business groups in India, no two ways about that. And after reading this list, now you might have a decent idea of how these business groups are greatly contributing to India’s overall economy, right?

Anantha Nageswaran

Anantha Nageswaran is a business writer and industry analyst with a keen interest in company strategies, startup trends, and global market movements.

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