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

    Charges 'Preposterous', I'm In 'Forced Exile': Vijay Mallya

    Charges 'Preposterous', I'm In 'Forced Exile': Vijay Mallya
    Industrialist Vijay Mallya, at the centre of a controversy in India over alleged loan default of Rs.9,000 crore, has termed the charges against him as "preposterous" and said he was in "forced exile" here from which he would like to return to his country.

    Charges 'Preposterous', I'm In 'Forced Exile': Vijay Mallya

    London: PM Modi’s Wax Statue Unveiled At Madame Tussaud’s Museum

    London: PM Modi’s Wax Statue Unveiled At Madame Tussaud’s Museum
    Modi was closely involved in the creation of his figure and was delighted with the final results, declaring that the Madame Tussauds team are "exceptional at what they do".

    London: PM Modi’s Wax Statue Unveiled At Madame Tussaud’s Museum

    Seven Year-old Kashmiri Girl To Represent India At World Kickboxing Championships

    Seven Year-old Kashmiri Girl To Represent India At World Kickboxing Championships
    Tajamul Islam's achievement at the national level got her an entry to the World Championships, to be held in Andria, Italy in November.

    Seven Year-old Kashmiri Girl To Represent India At World Kickboxing Championships

    Indian TV Debate Turns Violent ; Kerala Minister, Left Candidate Injured

    Indian TV Debate Turns Violent ; Kerala Minister, Left Candidate Injured
    John, who was admitted to a hospital here, told that the discussion on the TV channel had just begun and all the three main candidates were there.

    Indian TV Debate Turns Violent ; Kerala Minister, Left Candidate Injured

    Landfill Fires Affected Air Quality In Delhi: Gopal Rai

    Landfill Fires Affected Air Quality In Delhi: Gopal Rai
    Delhi Transport Minister Gopal Rai on Thursday said recent incidents of fires have contributed to raising air pollution in the city.

    Landfill Fires Affected Air Quality In Delhi: Gopal Rai

    Subramanian Swamy's Comments Cause Ruckus In Rajya Sabha, Are Expunged Again

    Subramanian Swamy's Comments Cause Ruckus In Rajya Sabha, Are Expunged Again

    he Rajya Sabha on Thursday witnessed angry scenes with the opposition and treasury benches involv...

    Subramanian Swamy's Comments Cause Ruckus In Rajya Sabha, Are Expunged Again