India’s Wealth Creators List In 2025 | Big Groups Rally, Tata Group Emerges Laggard

In this episode of What's Hot, Business Today reviews India's top conglomerates' performance in 2025 as the year draws to a close. The seven major groups - Tata, Reliance, HDFC, Bharti, Bajaj, Adani, and ICICI - collectively added ₹10 lakh crore to market cap, reaching ₹122 lakh crore, or 60% of the Nifty's total. Reliance Industries led as the biggest wealth creator, gaining ₹4.6 lakh crore (up 30%), driven by Jio's rising ARPU and strategic moves. Bharti Group followed, adding ₹3.5 lakh crore, fueled by telecom growth and higher tariffs. Adani, Bajaj, and HDFC delivered solid gains, while Tata emerged as a rare wealth destroyer, hit hard by IT sector challenges, especially TCS's ₹3 lakh crore drop. Guest expert Gaurav Sharma highlights key drivers and 2026 outlook: telecom strength in Bharti Airtel, long-term potential in Adani Ports, Bajaj Auto's export momentum, and HDFC Bank's recovery prospects. Tata may rebound selectively via Tata Steel and IT tailwinds.The show also spotlights emerging themes—Lenskart's post-IPO surge in eyewear, defense order inflows boosting BEL, and proxy plays on gold/silver via Titan and Muthoot Finance—offering investors fresh ideas for the new year.