Top 10 Major Holding Companies in India

In India, many important companies help in the country’s economic growth. Let’s check out the top 10 holding companies in India for 2024 and see how they help the country.

These companies are involved in car manufacturing, giving loans, or building roads. When the holding companies invest in these businesses, it helps them grow and make more money. This, in turn, helps the whole country’s economy grow. These holding companies invest in different areas, like finance, manufacturing, and construction, which is important for India’s overall progress.

Biggest Holding Companies in India

1. Bajaj Holdings Investment Limited:

Bajaj Holdings Investment Limited

Bajaj Holdings Investment Ltd (BHIL) is an Indian company always looking for new business opportunities. BHIL owns big parts of Bajaj Auto Ltd. (BAL), Bajaj Finserv Ltd. (BFS), and Maharashtra Scooters Ltd. (MSL). BHIL makes money from dividends, interest, and profits from its investments. It relies primarily on how well the stock and bond markets do for its income.

Last year, it did well, earning 42.4%, better than Nifty50, which only earned 21.7%. Its market value is significant at 96,091.4. The price-to-book ratio is 1.9, which is below the industry average. Its MFI is at 65, which is average, the PE TTM is 16.3, lower than the industry average. However, its PEG TTM is 0.58. which is higher than the industry average, suggesting higher growth expectations.

2. Aditya Birla Capital Lmt:

Aditya Birla Capital Limited (ABCL) is the holding company for the financial services businesses of the Aditya Birla Group with subsidiaries/JVs with a strong presence across Protecting, Investing, and Financing solutions. ABCL is a financial solutions group that caters to the diverse needs of its customers across their life cycle, powered by about 42,000 employees. The businesses of ABCL have a nationwide reach with over 1,403 branches, more than 2,00,000 agents/channel partners, and several bank partners.

As of December 31, 2023, Aditya Birla Capital Limited manages assets worth over Rs 4.10 lakh Crore. Their lending book is about Rs 1.15 lakh Crore through subsidiaries and joint ventures.

3. L&T Finance Holdings Ltd:

L&T Finance Holdings Limited is a big player in India’s financial world. It started in 2008 and belonged to Larsen & Toubro Limited, a big construction company. They give out different loans for farming, homes, and small businesses. The company keeps growing and managing more money, but the exact numbers can change.

Its success depends on how the economy is doing, government rules, and what’s happening in the market. L&T Finance Holdings works in different areas, helping rural and city folks with money and big financial deals. They have more than 2,000 branches and offices all over India.

4. Tata Investment Corporation Limited:

In 1994, Tata Investment Corporation Limited (TICL) and Tata Sons Pvt Ltd. started Tata Asset Management Private Company Ltd. Tata Sons has 68%, and TICL has 32% ownership. Tata Asset Management (TAM) manages investments for Tata Mutual Funds and serves over 1 million clients.

As of March 31, 2022, TAM handles about Rs. 89,500 crores in assets in India. As of June 30, 2023, Tata Investment Corporation Ltd. owns shares in 5 companies worth over Rs 8,707.9 crore. This info is from shareholding filings with the exchanges, but the latest quarter’s data might still need to be completed.

5. Cholamba Dalam Financial Holdings Limited:

Cholamandalam Financial Holdings Limited, previously called TI Financial Holdings Limited, began in 1934. It’s part of the Murugappa Group, a diverse Indian business. With approval from the National Company Law Tribunal, CFHL reorganized its operations. It moved its manufacturing business to a separate company, focusing solely on finance-related activities. This change aimed to simplify operations and concentrate on the core business.

6. JM Financial Limited:

JM Financial is a finance group in India based in Mumbai with branches nationwide and in Ebene, Singapore, New Jersey, and Dubai. Most of its work happens in India.

JM Financial Ltd. (NSE: JMFINANCIL | BSE: 523405) might be getting better now; its price is 103.80. The stock is down by 3.75 points (-3.49%) from yesterday’s closing. It has increased by 79.43 percent from its lowest point in the past year. As of February 9, 2024, on NSE, the total trading volume on both NSE and BSE is 6.0 million shares.

7. Kama Holdings Limited:

KAMA Holdings Limited is a company in India that mainly holds long-term investments in its subsidiaries. In the December 2023 quarter, there were changes in how much Kama Holdings Ltd.’s different groups owned. The main owners, called promoters, slightly lowered their ownership from 75.05% to 75.00%. At the same time, ownership by FII/FPI increased from 0.10% to 0.22%, with their numbers rising from 12 to 13. Institutional Investors also raised their ownership from 0.11% to 0.22%.

8. JSW Holdings Limited:

JSW Group is a huge company worth $23 billion. It’s one of India’s largest companies, and it works in important areas like Steel, Energy, Cement, Infrastructure, Paints, Ventures, and Sports. They lead big projects in each of these areas.

In the December 2023 quarter, there were changes in how much KAMA Holdings Limited’s different groups owned: The promoters’ ownership stayed the same at 66.29%, with no change from before. Last quarter, the company’s owners pledged 0.99% more of their shares, totaling 19.00% of their holdings. Foreign investors (FII/FPI) ownership increased slightly from 22.37% to 22.38%. Mutual funds ownership stayed the same at 0.04%.

9. Pilani Investment and Industries Corporation Limited:

Pilani Investment and Industries Corporation Limited is an Indian finance company. It mainly invests in shares, loans, and mutual funds; in December 2023, there were changes in share ownership. Promoters’ ownership stayed the same at 57.55%, while FII/FPI ownership slightly decreased from 0.53% to 0.50%.

10. BF Investment Limited:

BF Investment Ltd. (BFIL) is part of the USD 2.5 billion Kalyani Group from Pune. BFIL was formed by splitting the Investment Business from BF Utilities Ltd. through a Composite Scheme of Arrangement. As a result, the Investment Business now operates under BF Investment Ltd.

There are some changes in the shareholding. The promoters’ ownership remained steady at 74.13%. FII/FPI ownership increased from 1.44% to 1.53%. Mutual Funds ownership stayed the same at 0.00%.

Wrapping up:

All the mentioned companies are key players in their industries. As they continue their operations, they are expected to contribute further to their industrial and overall economic growth. They help India’s economy through finance, manufacturing, and infrastructure. Each company has its strengths and plans but shares a common goal of adding value and promoting growth.

These companies are also responsible for creating thousands of jobs for the Indian population. These jobs are for both skilled and unskilled workforce.

They invest strategically, have diverse portfolios, and reach many finance, manufacturing, and infrastructure sectors. Their good performance, strong finances, and significant presence are important for India’s growth. These companies will keep shaping India’s economic path as they face challenges and grab chances.

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