To answer this question, we need to understand the concept of dematerialization of shares.
Dematerialization is the process of converting physical share certificates into electronic form. It allows investors to hold and trade shares in electronic format, eliminating the need for physical share certificates.
Now, let's go through each option to determine which Indian company was the first to dematerialize its shares:
Option A) Tata Steel - Tata Steel is a renowned Indian company, but it was not the first to dematerialize its shares.
Option B) Reliance Industries - Reliance Industries is a prominent Indian conglomerate. It was indeed the first Indian company to dematerialize its shares. This step was taken by Reliance Industries in 1991.
Option C) Bajaj Motors - Bajaj Motors is a well-known Indian automobile company. However, it was not the first to dematerialize its shares.
Option D) Infosys - Infosys is a leading Indian IT company. While Infosys is significant in the Indian corporate sector, it was not the first Indian company to dematerialize its shares.
Therefore, the correct answer is B) Reliance Industries. It was the first Indian company to dematerialize its shares, taking this step in 1991.