Bharti Group emerges as the biggest gainer in Samvat 2081

A Muhurat-to-Muhurat analysis of the stock market performance of India’s top 10 business houses by market capitalization shows that the Bharti Airtel group posted the highest gain of 24.8 in market capitalization during the Samvat 2081, helped by a strong recovery in profitability of the group’s flagship telecom company Bharti Airtel. The Bajaj group led by Rajiv and Sanjiv Bajaj came second with a market capitalization gain of 24.2%, followed by the Mahindra group at third with a gain of 15.7%.

Sunil Mittal-led Bharti group also posted a robust annual increase of 28.9% in market capitalization since Diwali 2021, the highest return among the top 10 business houses. Bharti Airtel’s net profit has risen significantly over the past five years, helped by a rise in tariff plans for its mobile and data services and rising digital content consumption in the country. Net profit increased more than fourfold from Rs 8,305 crore to Rs37,481 crore between FY22 and FY25. It rose further to Rs40,186 crore in the 12 months (TTM) to June 2025.

The market capitalization of the Mahindra group, which was ranked third on the list, rose by double digits in each of the three years to Samvat 2081. The group’s largest company, Mahindra and Mahindra, has improved its market share in the Sports Utility Vehicles (SUV) and tractor segments, helped by new product launches. The company’s net profit almost doubled to Rs14,073 crore from Rs7,253 crore between FY22 and FY25 and further increased to Rs14,904 crore in TTM till June 2025.

The four of the top 10 business groups failed to grow their market capitalization in the last Samvat year ending October 20, 2025. Shiv Nadar-founded HCL Technologies group and Tata group posted a loss of 15.4% and 13.6% respectively in their market capitalization.