Close X
Saturday, January 11, 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

    Punjab Starts 'Dope Testing' On Police Recruitment Aspirants

    Punjab Starts 'Dope Testing' On Police Recruitment Aspirants
    Initiating the largest-ever exercise of its kind in the country, the Punjab government on Wednesday started dope testing of over seven lakh candidates who have applied for posts of constables in the Punjab Police.

    Punjab Starts 'Dope Testing' On Police Recruitment Aspirants

    Modi Can Even Have Me Murdered, Says Kejriwal

    Modi Can Even Have Me Murdered, Says Kejriwal
    Delhi Chief Minister Arvind Kejriwal alleged on Wednesday that Prime Minister Narendra Modi was so furious with the AAP that he can even have him (Kejriwal) murdered.

    Modi Can Even Have Me Murdered, Says Kejriwal

    Modi Cabinet Approves AIIMS In Bhatinda

    Modi Cabinet Approves AIIMS In Bhatinda
    The Union Cabinet on Wednesday approved the setting up of All India Institute of Medical Sciences (AIIMS) in Punjab's Bhatinda district, said an official statement.

    Modi Cabinet Approves AIIMS In Bhatinda

    Punjab's Teen Singer Ginni Mahi Takes Caste Voice To A New High

    Punjab's Teen Singer  Ginni Mahi Takes Caste Voice To A New High
    Meet Ginni Mahi, a 17-year-old from Punjab's Jalandhar town who has no qualms about being from the lower stream of the caste divide in the country.

    Punjab's Teen Singer Ginni Mahi Takes Caste Voice To A New High

    Political Twist Being Given To Apology For Parliament Live Streaming: Bhagwant Mann

    Political Twist Being Given To Apology For Parliament Live Streaming: Bhagwant Mann
    Addressing media in New Delhi, Mann said "The opposition and my rivals are saying that my membership of parliament should be terminated; that I am a danger to this country."

    Political Twist Being Given To Apology For Parliament Live Streaming: Bhagwant Mann

    'So What If Jallikattu Is An 'Age-old Tradition', Child Marriage Was Too'

    'So What If Jallikattu Is An 'Age-old Tradition', Child Marriage Was Too'
    The Supreme Court observed that mere presence of tradition cannot justify organising Jallikattu in Tamil Nadu.

    'So What If Jallikattu Is An 'Age-old Tradition', Child Marriage Was Too'