Tata BIGGER, Ambani RICHER. But WHY? 🤔 Truth Revealed! #shorts
Ambani Vs. Tata - 2021 Company , Networth and Contributions Comparision.
Tata-
Under JRD’s leadership, the total assets of the Tata Group grew from $100 million to over $5 billion. When he retired from the company in 1991, the family business had grown to a conglomerate of 95 companies. Some of his most noteworthy contributions include Tata Chemical, Tata Tea, Tata Motor (TELCO) and TCS. With regard to his philanthropic contributions, he started the Tata Memorial Hospital in 1941 for affordable cancer treatment.
JRD Tata was succeeded by Ratan Tata as the Chairman of the Tata Group in 1991. He too, proved himself as a worthy successor. During the 21 years of his reign, he expanded the business rapidly, and ensured that revenues earned by the Tata Group grew over 40 times and the profit earned grew fiftyfold.
After his death, the company was divided between his two sons, Mukesh and Anil.
Reliance -
Mukesh, like his father, is a gifted businessman. He was entrusted with the control of Reliance Industries Limited. Following in his father’s footsteps, Mukesh focussed more on quality rather than profit. Just like this strategy had worked for Dhirubhai, it brought immense success to Mukesh. He has expanded the purview of Reliance Industries to previously unimaginable heights. One of his most successful endeavours in recent times is Reliance Jio. His net worth, which was about $49 billion in 2007, has now grown to $60.8 billion, making him the richest man in India, and the 17th richest person in the world.
In terms of market capitalisation, Reliance Industries is in the region of Rs. 9 lakh crores. Out of this, Mukesh Ambani holds a 48% stake. On the other hand, the Tata Group is a true giant. They have a foothold in almost every major industry. 28 of the companies included in the Tata Group are listed on the Indian stock exchanges. Their market capitalisation is over Rs. 11 lakh crore. However, out of this, Ratan Tata’s personal stake is at less than 1%.
Thus we see that the Tata Group is bigger than Reliance Industries. However, Mukesh Ambani is richer than Ratan Tata.
In order to understand why, I will reference a quote. “Ambanis are true businessmen, however, Tatas are true industrialists”.
The Tata Group is not like its other contemporary companies. Their primary objective has always been the empowerment of the country. In fact, more than 66% of the company stake is held by the charitable organisations such as the Sir Dorabji Tata Trust, Sir Ratan Tata Trust, Tata Education Trust and others. If not for their philanthropic mindset, the Tatas could have become one of the most powerful families in the world, let alone India.
The Ambanis and Reliance Industries also have numerous charitable initiatives. However, like most other industrialist families, they donate a slight fraction of their wealth as opposed to the majority of it. In 2018, Mukesh Ambani donated a total amount of Rs. 402 crores, which amounts to 0.1% of his total net worth.
Thus, ends the comparison between the Ambanis and the Tatas.
Mrinal Choudhary - Daily Fact News is a hindi knowledge show produced by Think Reel Productions (TRP) and hosted by Mrinal Choudhary. We make fun infotainment shows for the hindi speaking audience of the world. We are an all stop shop for your daily dose of entertainment, filled with random amazing facts and knowledge in hindi, motivational videos in both youtube shorts and long format. We also make current affairs videos to update people on the things happening around the world.
All videos and images have been used under Fair Use, but if you want certain content removed or for any other copyright issues please contact : thinkreelproductions.business@gmail.com
(I will be happy to accommodate any requests, thank you so much.)
Follow us on:
Instagram : https://www.instagram.com/thinkreelproductions
Facebook : https://www.facebook.com/thinkreelproductions
Copyright © 2021 by Think Reel Productions
0 Comments