Mumbai, June 2 :    Mumbai, June 2:  This even beats 'Ripley's believe it or not'. Little known Vatsa Music has overtaken the Goliaths of corporate India in market capitalisation on the National Stock Exchange. While Vatsa, which is supposed to own a music channel and is also known to have interest in movie business, notched up a market cap of Rs 68,587 crore as on March 31 this year, Hindustan Lever, the consumer goods major, is a distant second with a market cap of Rs 48,141 crore. Third in the queue is Reliance Industries of the Ambanis which is valued at Rs 41,049 crore, followed Azim Premji's Wipro Ltd (Rs 31,109 crore) and Infosys Technologies (Rs 21,546 crore). The figures have been collated from a NSE report on the top 50 companies as on March 31 this year. Interestingly, very little is known about Vatsa's activities and businesses. In fact, the authorities of NSE and the Bombay Stock Exchange had several standoffs with the management of Vatsa Corp which was later rechristened as Vatsa Music. The balancesheet of Vatsa Music shows that as on January 31 the net paid-up equity capital of the company was at over Rs 522 crore. While the total sales of the company was a paltry 21.90 crore, its assets were estimated at Rs 3,078.46 crore. On the stock market, the Vatsa group has a dubious record and, at one point of time it had the maximum number of shareholders' complaints against it. The Securities and Exchange Board of India had also initiated several steps to rein in the management. The company which had delisted itself on the BSE, was barred from trading for sometime on the NSE last year. The suspension was, however, revoked on October 11. The Vatsa group also goofed up on its various deposit schemes and its directors were accused of failing not only to pay interests but also to return the principal amount. A court case was lodged .