See, when we talk about holding companies, they are not the ones that function like a typical company or business that sells or produces its own goods or services. That is not how it works. Then? Well, such types of companies actually have a specific role, which is to become a centralized entity and own and control shares in other companies. If you still don’t get it, well, just take a good look at the real-world examples of it and you’ll come to know what we’re talking about. For that very specific reason, we’re here with this list of the Top 10 Leading Holding Companies In India 2025, so let’s just get on with it.
1. Tata Sons
Tata Sons is at the very top of our list, and unsurprisingly so, the reasons being numerous and quite compelling. How and what? Mainly, the reason is that the company is the proprietor and manager of one of the largest business empires, not only in India but worldwide. Moreover, it is through Tata Sons, the mother holding company of the entire Tata Group, that the conglomerate enjoys the highest shareholding in 14 listed companies, among which are TCS, Tata Motors, Titan, and Tata Steel are some of the names. However, the most amazing thing is that more than 15 lakh crore is the value of just the 71 % share that Tata Sons holds in TCS, which is only a part of the total portfolio value that exceeds 30 lakh crore as of March 2024.
2. Bajaj Holdings & Investment Ltd
Taking the second spot is Bajaj Holdings, the financial spine of the Bajaj empire. Bajaj Holdings, by contrast to the operative firms, is not involved in any kind of production. The company is abundantly loaded with more than 30 percent shares of the two giants: Bajaj Auto and Bajaj Finserv, and thus is drawing a steady income in the form of dividends and value appreciation. Out of its total market cap, which stood at ₹1.43 lakh crore (2025), the company’s 41.56% holding in Bajaj Finserv by itself is valued at over ₹74,000 crore.
3. Aditya Birla Capital Ltd
Are you aware that a single stock can give you access to the whole Birla Group’s financial division? The thing is that an investment in Aditya Birla Capital Ltd (ABCL) is just like that. As a parent company of various businesses such as Aditya Birla Finance, Life Insurance, Mutual Fund, etc., this enterprise was managing assets worth ₹5 lakh crore and had a loan book of ₹1.38 lakh crore as of the end of 2024.
4. Tata Investment Corporation
Tata Investment Corporation is different from Tata Sons; this is something that most people don’t know. This company, which came in fourth place, is a public company that is separately organized and devoted to making long-term investments in the Tata ecosystem. Trent is its number one holding, with a value of over ₹6,000 crore. Besides, it has shares in TCS, Tata Elxsi, and Tata Chemicals etc. In 2025, its market value exceeded ₹34,000 crore, and it had put money into 82 ventures, 69 of which were publicly traded.
5. JSW Holdings Ltd
JSW Holdings is at number five in this very list. It is the parent organization that controls JSW Group. It doesn’t have a business that operates directly, but it is a significant shareholder in JSW Steel (7.42%), of which the market value is more than ₹15,000 crore. As of 2025, its aggregate portfolio with the inclusion of JSW Energy and other unlisted entities totaled over ₹19,000 crore. JSW Holding currently has a market value of ₹21,000 crores.
6. Pilani Investment and Industries Corporation
Pilani Investment is not that popular; however, it is essential to know that this company is very influential in the Birla Group. Some of the companies that belong to this group are UltraTech Cement, Grasim, and Century Textiles, in which this company holds shares. A 33.11% shareholding in Century Textiles is more or less a BIG one in the company, totalling over ₹4,000 crore, while the value of the entirety of the portfolio was ₹12,600 crore.
7. Maharashtra Scooters Ltd
Maharashtra Scooters Ltd is an interesting example where, just from the company’s name, one can get the idea that it is a raw and old-fashioned scooter brand; however, it is currently a pure play holding company. This company is a major shareholder in Bajaj Auto. Although it is a small-cap relative to Bajaj Auto, the ₹16,200 crore market cap in 2025 indicates its high-value holdings.
8. Bombay Burmah Trading Corporation
Bombay Burmah was established more than 150 years ago, and still today, it is mainly known for one thing only, its shareholding in Britannia. This one and only parent is strong enough to take the company to a market cap of ₹12,900 crore in 2025. Besides the fact that it runs plantations and several small businesses, most of its power is derived from the FMCG leadership of Britannia.
9. Bengal and Assam Company Ltd
Bengal and Assam Company, which is the central financial hub of the JK Group, is in the ninth position on the list. It has a significant amount of shares in JK Tyre, JK Lakshmi Cement, JK Paper, and JK Agri Genetics, the last being the most extensive one with 67% of the shares. In the year 2025, the company had a market cap of approximately ₹9,700 crore, which was largely attributed to its spread-out portfolio through various sectors such as cement, paper, tyres, and agri-genetics.
10. Kama Holdings Ltd
In the end, but with no doubt, Kama Holdings Ltd came in 10th place, you know, a typical case of a concentrated holding company. Most of the time, it is a holding company for SRF Ltd, which is among the top names in the chemical and packaging film industries in India, and this alone would be sufficient to take Kama Holdings to a market cap of around ₹9,400 crore by 2025.
Conclusion
See, if it is the “leading” holding companies that we’re talking about, without a single doubt, these companies had to be included in this list as of 2025. Just look at the performance of these companies, and you’ll know what we’re talking about or why we have included them here instead of dozens and dozens of other holding companies in India.
