Tatas Emerge Most Trusted Group
The Tata Group has emerged as the most trusted conglomerate, in the recent poll conducted by Equitymaster – an independent equity research firm. The Tata Group garnered 66% of the total votes, which is more than double the number of votes (32%) it had received in the last such poll conducted in 2013. A total of 5,274 people were selected to vote on 17 large corporates, based on their trustworthiness. The 153-year-old AV Birla Group and Mukesh Ambani Group occupied second and third place, with meagre vote of 5% and 4.7% of the votes, respectively.
In fact, except for Tata Group, none of the other 16 groups were able to win the trust of over 5% of the total number of participants, although many of these groups had moved up a few ranks from Equitymaster’s last poll conducted in 2013. The Birla Group, Godrej, and TVS have moved up two ranks, the Mukesh Ambani Group jumped six ranks while the Rahul Bajaj group, which came in fourth place, moved up nine ranks from the last poll.
In this year’s poll results, only 2% investors voted for ‘None of the Above’ category, as opposed to 4% in 2013. The group receiving the least number of votes (0.8%) was RPG (Ram Prasad Goenka) group (Ceat Tyres).
“The poll reveals that there is a huge gap between the winner and the rest of the corporate groups,” shared Equitymaster, in a media statement on 22nd September, 2021. Rahul Shah, Co-head of Research, Equitymaster said an increasing portion of a firm’s value resides in intangibles such as goodwill and reputation, and when it came to making intangibles tangible, nothing was more important than trust.
No surprise then, that our very own Tata Group came out on top as the most trusted conglomerate! Kudos to the incomparable precedent set by these truly great visionary industrialists!
Founded in 1868 by Jamshedji Tata, the Tata Group is an Indian multinational conglomerate manufacturer of automobiles, airplanes and other products, headquartered in Mumbai, India. It gained international recognition after purchasing several global companies. It is one of the nation’s largest and oldest industrial groups, with each Tata company operating independently, under the guidance and supervision of its own board of directors and shareholders. Some of its significant affiliates include Tata Chemicals, Tata Communications, Tata Consultancy Services, Tata Consumer Products, Tata Elxsi, Tata Motors, Tata Power, Tata Steel, Jamshedpur FC, Tanishq, Voltas, Tata Cliq, Tata Projects Limited, Tata Capital, Titan, Trent, Indian Hotels Company Limited, TajAir, Vistara, Cromā and Tata Starbucks.
