M&M rises in pecking order | business | Hindustan Times
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M&M rises in pecking order

business Updated: Apr 13, 2009 23:11 IST
Sandeep Singh

The Satyam buy takes Tech Mahindra into the league of big IT players, apart from taking the Mahindra group up the corporate ladder in the country.

The Mahindra groups’ market capitalisation surpasses that of the Hero Group, and it now occupies the eighth position with a combined market cap of Rs 22,697 crore as on April 13, 2009.

In revenue terms, the group now moves up two places to the fifth position. Ahead of it are Reliance Industries, Tata, Aditya Birla and OP Jindal.

On profit front, the group rises by two positions to sixth with a combined net profit of Rs 3,487 crore as of March, 2008.

This is based on Satyam’s revenues and profits as disclosed on March 31, 2008.