Close X
Friday, January 10, 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

    Amid Kashmir Stand-off, Jaishankar Accepts Pakistan's Invite For Talks

    Amid escalating bilateral tension over the unrest in Kashmir Valley, India on Wednesday said that Foreign Secretary S. Jaishankar will go to Islamabad for talks with his Pakistani counterpart, but will focus on "aspects" related to cross-border terrorism.

    Amid Kashmir Stand-off, Jaishankar Accepts Pakistan's Invite For Talks

    Delhi Government Bans Chinese ‘Maanjha' After Kite String Kills Three

    Delhi Government Bans Chinese ‘Maanjha' After Kite String Kills Three
    Sakshi Goyal, 3, died when a kite string slashed her throat as she was looking through the sunroof of her family's car in west Delhi's Rani Bagh area.

    Delhi Government Bans Chinese ‘Maanjha' After Kite String Kills Three

    Surrey RCMP Request Public Help To Locate Maya Kaur Singh

    Surrey RCMP Request Public Help To Locate Maya Kaur Singh
    Maya Kaur SINGH was last seen at 5:00 pm on August 10, 2016 in the 12400 block of 113 Ave in Surrey. 

    Surrey RCMP Request Public Help To Locate Maya Kaur Singh

    Sedition Case Against Amnesty India As Debate On Kashmir Turns Chaotic

    Sedition Case Against Amnesty India As Debate On Kashmir Turns Chaotic
    The debate, held on Saturday, had turned chaotic after some members from Kashmir -- most of whom were students -- entered into a heated argument with a Kashmiri Pandit leader.

    Sedition Case Against Amnesty India As Debate On Kashmir Turns Chaotic

    Air India Links Ahmedabad With Newark Via London

    Air India Links Ahmedabad With Newark Via London
    The B-787 Dreamliner flight to Newark also marks the first commercial operation of the aircraft by Air India on the US sector from India.

    Air India Links Ahmedabad With Newark Via London

    Industry Finds Ramdev's 'Multinationals Dangerous' Campaign A 'Gimmick'

    Even as Prime Minister Narendra Modi is promoting 'Make in India' and actively seeking foreign investments, Yoga guru Baba Ramdev is openly attacking multinationals, calling their products "dangerous" in a concerted ad campaign.

    Industry Finds Ramdev's 'Multinationals Dangerous' Campaign A 'Gimmick'