Tata Group has emerged as India’s first conglomerate to breach the Rs 30 trillion mark in market capitalization (mcap). The milestone was reached on Tuesday, driven by a 4% surge in Tata Consultancy Services (TCS) shares, propelling its market valuation beyond Rs 15 trillion for the first time.

The substantial rally in TCS shares contributed to the overall market cap of the Mumbai-based conglomerate, reaching a total of Rs 30.6 trillion. In comparison, Mukesh Ambani-led Reliance Group holds the position of India’s second-largest business entity with an m-cap of Rs 21.6 trillion, followed by Gautam Adani-led Adani Group at Rs 15.5 trillion.

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