Big conglomerates’ grip on market cap steadily loosens as new-age firms rise by Live mint | April 21, 2026 6:05 am | Indian Stocks, Market, News A Mint analysis of 10 leading business groups by market capitalisation shows their combined share in India’s total market value has steadily declined over the past few years—from 31.4% in FY22 to 25.3% in FY25 and further to 24% in FY26.