Ratan Tata makes a whopping 23,000% return on initial investment after selling stake in this startup

Former Tata Sons Chairman Ratan Tata has made a staggering 23,000% return on his initial investment after selling 5% of his total holdings in Zerodha rival Upstox.

According to Upstox, Tata continues to hold 95% of his stake in the company. The 86-year-old business tycoon acquired a 1.33% stake in Upstox in 2016.

At what valuation?

"Mr. Tata’s stake in Upstox has registered a whopping 23,000% return on the original investment made in 2016, based on our last round valuation of $3.5 billion. This achievement reflects our dedication to building value for everyone involved—our investors, partners, and most importantly, our users. Rata Tata had bought around 1.33% stake in Upstox in 2016," said Upstox.

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Co-founder Subramanian highlights Tata's role in Upstox

“We are particularly honoured that Mr. Tata, a respected and iconic figure in India, has been such a key part of our journey. His early belief in our vision was a huge vote of confidence, and his challenge to us was both simple and profound: "How can we offer the same top-quality wealth advice to the everyday Indian that wealthy individuals receive? This question has been at the heart of everything we do at Upsto," said co-founder Kavitha Subramanian.

“That vision inspired the creation of Upstox Wealth, a platform designed to give every Indian access to the best financial tools and advice—no matter their background or investment size. We believe that everyone deserves the opportunity to grow their wealth, not just the privileged few. Our mission is to deliver strong returns for all our investors, and we’re proud to say that today we’re able to return part of Mr. Tata’s investment."