Older business groups have become less significant in terms of investment activity
Value of new projects announced by each group of conglomerates as a share of the value of total projects announced by the top 20 conglomerates*
* The 20 largest conglomerates by (FY16-FY18) sales turnover include the Tatas, Aditya Birla, KK Birla, Ambanis, Mahindra and Mahindra, Vedanta, Godrej, Murugappa, TVS, Bajaj, L&T, Wiprp, Jindals, Hero (Munjals), Ruchi group, Essar (Ruia), Bharti Telecom, RPG, Adani and Rajan Raheja