Upstox, a popular discount stock brokerage platform, recently announced that it has completed a buyback of 5% of Ratan Tata’s holdings in the company. This move highlights the success of Tata’s investment, which has grown significantly since he first invested in 2016. Despite selling a small portion of his stake, Tata still holds 95% of his original investment.
Impressive Returns on Investment
According to Upstox, Ratan Tata’s investment has yielded an astonishing return of 23,000% based on their most recent valuation of $3.5 billion. This impressive growth demonstrates Upstox’s commitment to creating value for everyone involved, including investors, partners, and users. Tata initially acquired about 1.33% of the company’s shares in 2016, and the return on his investment has far exceeded expectations.
We are particularly honored that Mr. Tata, a respected and iconic figure in India, has been such a significant part of our growth.
Kavitha Subramanian, Co-founder of Upstox
Kavitha Subramanian’s Remarks
Kavitha Subramanian, co-founder of Upstox, expressed pride in having Ratan Tata as a key part of their journey. She stated, “We are particularly honored that Mr. Tata, a respected and iconic figure in India, has been such a significant part of our growth. His early support was a huge vote of confidence in our vision.” She noted that Tata’s challenge to the company was both simple and profound, inspiring them to strive for excellence.
Vision for Financial Access
Subramanian explained that Tata’s vision inspired the development of Upstox Wealth, a platform aimed at providing every Indian with access to top financial tools and advice, regardless of their background or investment size. Upstox believes everyone should have the opportunity to grow their wealth, not just the privileged few.
Despite the recent success and the buyback, Ratan Tata continues to hold the majority of his stake in Upstox, demonstrating his ongoing belief in the company’s potential. Upstox remains dedicated to delivering strong returns for all investors, and they take pride in being able to return part of Mr. Tata’s investment.
