Who Owns Wadia Group? shareholders, promoters and parent

Who owns the Wadia Group?

The Wadia Group is not a single company. It is a set of listed and unlisted firms controlled by the Wadia family, led by chairman Nusli Wadia and his sons Ness and Jehangir 111. Control runs through a chain of holding companies, with The Bombay Burmah Trading Corporation (BBTC) near the top 8.

How the holding chain works

CRISIL says BBTC holds about 51% of Britannia indirectly, through several subsidiaries under a legacy structure, and also holds stakes in Bombay Dyeing, National Peroxide and Naperol Investments 8. CRISIL names BBTC and Bombay Dyeing as Britannia's ultimate holding companies 9. The structure dates partly to 2009, when BBTC's subsidiary Leila Lands bought out Danone's stakes in Britannia Brands and ABI Holdings, lifting the group's indirect holding in Britannia from 24.48% to 50.96% 10.

Promoter stakes

Bombay Dyeing's shareholders

Bombay Dyeing's filing for 30 June 2026 lists Baymanco Investments with 28.81%, BBTC with 14.33%, Ben Nevis Investments (Mauritius) with 4.98%, Naira Holdings with 1.33% and Naperol Investments with 0.92% 11. Family members hold small direct stakes: Ness Wadia 0.59%, Nusli Wadia 0.29% and Jehangir Wadia 0.06% 11.

Outside investors

At Britannia, foreign investors held 12.94% and mutual funds 11.41% in the September 2026 quarter 7.

Value

CRISIL put the market value of BBTC's holdings at more than ₹70,000 crore as of 5 March 2026 8. Forbes credits Nusli Wadia with about 8.62 crore Britannia shares and about 10.2 crore Bombay Dyeing shares 1.