Coinciding with the beginning of a search for Chairman Ratan Tata's successor, the Tata Group has become the country's wealthiest, with a market value of about Rs 3,71,000 crore - higher than that of business houses led by the two Ambani siblings.

The Tata Group is followed by Mukesh Ambani-run Reliance Industries group as second-most valued firm (Rs 3,21,750 crore), Anil Agarwal-promoted Sterlite group at third (Rs 1,35,300 crore), Anil Ambani group at fourth (Rs 1,25,000 crore) and Sunil Mittal-led Bharti group at fifth (Rs 1,20,500 crore), in terms of cumulative market capitalisation.

On a standalone basis, the Tatas have replaced Mukesh Ambani-led Reliance Industries group as the country's biggest in terms of market value at a time when the issue of finding a successor to iconic industrialist Ratan Tata as the next chairman of the salt-to-software group is hogging the limelight.

The cumulative market capitalisation of about 30 listed Tata Group companies currently stands at nearly Rs 3,71,000 crore - a surge of nearly Rs 35,000 crore in the current quarter beginning July.

Source: PTI