Close X
Wednesday, January 15, 2025
ADVT 
India

Only 4 Women Among Top 100 Richest Persons In India

IANS, 23 Sep, 2016 11:25 AM
    Four women have made it to this year's Forbes India's 100 Richest People list, including O P Jindal group Chairperson Savitri Jindal and Biotech pioneer Kiran Mazumdar-Shaw.
     
    The other two women on the coveted list include Wife of Havells founder Vinod Gupta and USV Pharma Chairperson Leena Tewari.
     
    The four women have a collective wealth of $11.28 billion while the total net-worth of all 100 in the list amount to $381 billion.
     
    Ms Jindal has retained the tag of being the richest woman in India with a networth of $5.2 billion, according to the annual India rich list compiled by business magazine Forbes.
     
    Ms Jindal was placed at 19th position, as her fortune increased with recovery in steel prices.
     
    "(Her) Mumbai-based son Sajjan saw shares of his JSW Steel almost double in the past year. In May, he agreed to acquire a 1,000-megawatt thermal power unit for $750 million from his struggling younger sibling Naveen's Jindal Power & Steel, which is weighed down by $3.6 billion in debt," Forbes said.
     
    Among the four women on the list, Ms Jindal was followed by Vinod Gupta at 46th position with a net worth of $2.5 billion, Kiran Mazumdar-Shaw (65, $1.8 billion) and Leena Tewari at 79th rank ($1.62 billion).
     
     
    Regarding Ms Gupta, Forbes said buoyant sales of lighting and electrical fixtures boosted shares of Havells, founded by Ms Gupta's late husband and run by youngest son Anil Rai Gupta, who is listed with her this year.
     
    Havells sold its 80 per cent stake in troubled European light manufacturer Sylvania in December for $160 million to Shanghai Feilo Acoustics. The company has recently started selling home-automation products and solar streetlights.
     
    Ms Mazumdar-Shaw, "India's richest self-made woman" according to Forbes, was one of the eight returned to the ranks after their companies outperformed the stock market's 12 per cent rise in the past year.
     
    "Biotech pioneer Kiran Mazumdar Shaw's wealth climbed along with shares of her listed Biocon, which have more than doubled in the past year. The company, Asia's largest insulin producer, is aiming for a 10 per cent share of the global market," Forbes said adding that shares of contract research arm Syngene are up 92 per cent since its IPO in August 2015.
     
    Ms Mazumdar-Shaw was recently awarded with France's highest civilian honour for her outstanding contribution to bioscience.
     
     
    Ms Tewari, who chairs privately held USV India, was ranked 79th on the list.
     
    USV India was started by her late father as a joint venture with Revlon in 1961. USV specialises in diabetic and cardiovascular drugs, with a portfolio that spans biosimilar drugs and injectables and active pharmaceutical ingredients.

    MORE India ARTICLES

    Beant Singh's Grandson Harkirat Singh Shoots Himself

    Beant Singh's Grandson Harkirat Singh Shoots Himself
    Harkirat, who was found injured in his house here, was rushed to the Post-Graduate Institute of Medical Education and Research (PGIMER) here where doctors pronounced him dead

    Beant Singh's Grandson Harkirat Singh Shoots Himself

    With Elections In Mind, Shiromani Akali Dal Becomes Religious

    With Elections In Mind, Shiromani Akali Dal Becomes Religious
    The party's government in the state is already in the middle of a major exercise to offer religious junkets to nearly 125,000 people.

    With Elections In Mind, Shiromani Akali Dal Becomes Religious

    Bhagat Singh's Grandnephew Abhitej Singh Sandhu Killed In Himachal Accident

    Bhagat Singh's Grandnephew Abhitej Singh Sandhu Killed In Himachal Accident
    Sandhu, 27, suffered multiple injuries when a motorcycle he was riding on alone skidded near Rampur town

    Bhagat Singh's Grandnephew Abhitej Singh Sandhu Killed In Himachal Accident

    Expelled AAP Members' Swaraj Party Takes Form Months Ahead Of Punjab Polls

    Expelled AAP Members' Swaraj Party Takes Form Months Ahead Of Punjab Polls
    With barely months to go for assembly polls in Punjab, launch of a new political party -- Swaraj Party, led by former Panjab University professor Manjit Singh -- was announced in Chandigarh on Sunday.

    Expelled AAP Members' Swaraj Party Takes Form Months Ahead Of Punjab Polls

    Six Held For Assaulting Africans, Rajnath Asks Police To Be Active

    Six Held For Assaulting Africans, Rajnath Asks Police To Be Active
    Those arrested were identified as Babu, 32, Kunal, 20, Om Prakash, 24, Rahul, 24, and Ajay, 25, - all residents of Mehrauli's Maidan Garhi and Rajpur Khurd areas in south Delhi. 

    Six Held For Assaulting Africans, Rajnath Asks Police To Be Active

    Will Never Take India On Wrong Path, Always Work For People: Modi

    Will Never Take India On Wrong Path, Always Work For People: Modi
    Taking pot shots at those mocking at him for not doing "big things", Prime Minister Narendra Modi on Sunday assured the people that he would not allow the country walk to on the wrong path.

    Will Never Take India On Wrong Path, Always Work For People: Modi