Ratan Tata, the former chairman of Tata Sons, sold 5% of his whole stake in Upstox, a rival to Zerodha, and received an incredible 23,000% return on his original investment.
Tata still owns 95 percent of the business, according to Upstox. In 2016, the 86-year-old business magnate purchased a 1.33% share in Upstox.
According to our most recent round estimate of $3.5 billion, Mr. Tata’s stock in Upstox has generated a staggering 23,000% return on the initial investment made in 2016. This accomplishment demonstrates our commitment to creating value for all parties—our partners, investors, and, most importantly, our users. According to Upstox, in 2016, Rata Tata purchased around 1.33% of Upstox.
We are especially grateful that Mr. Tata, a well-known and revered figure in India, has played such an important role in our journey. His early support of our concept was a major vote of confidence, and he posed a straightforward but deep challenge to us: “How can we provide the same excellent wealth advice to the average Indian as is given to the wealthy? “Everything we do at Upsto has been driven by this question,” co-founder Kavitha Subramanian stated.
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