New Delhi, Sept. 11 -- Mumbai/Bengaluru: The number of listed companies under India's top 10 conglomerates by market capitalization has risen by about a fourth in nearly five years, driven by acquisitions, initial share sales, and demergers, a Mint analysis shows.

These conglomerates have added 20 listed companies since January 2021, taking their tally to 105. In comparison, they had added 20 listed companies over the preceding decade from 2011 to 2020.

There are at least four more public offers expected from these business houses in the coming two years, including Reliance's Jio Platforms, Tata Capital, Adani Airports, and one from the JSW Group. Tata Motors is expected to soon split into two separately listed companies.

The sharp inc...