Bharti gained most among India’s top biz groups in 2025

Anil Agarwal-owned Vedanta was the second-biggest gainer and the combined market capitalisation of the group’s three listed companies was up 36.3 per cent to around &5 trillion from 23.67 trillion at the end of CY24.

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The group gained from Hindustan Zinc (HZL), which saw a big jump in its share price and drove a record rally in silver. Its market capitalisation was up 38 percent to 2.59 trillion from %1.88 trillion at the end of 2024. HZL is India’s largest and the world’s third-biggest silver producer.

Mukesh Ambani-owned Reliance Industries comes third on the gainers’ list and the combined market capitalisation of the group's nine listed companies was up 24.7 per cent to 23.4 trillion from %18.73 trillion at the end of December 2024.

All the gain came from Reliance Industries, which was up 29.1 per cent to 21.24 trillion from %16.45 trillion at the end of CY24. In contrast, other listed group companies saw a decline, ranging from 53.3 percent in the case of Sterling & Wilson to 1.3 per cent for Jio Financial.