Close X
Sunday, January 26, 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

    Arvind Kejriwal's Principal Secretary Rajendra Kumar Arrested In 50 Crore Scam

    Arvind Kejriwal's Principal Secretary Rajendra Kumar Arrested In 50 Crore Scam
    The CBI on Monday arrested Rajendra Kumar, principal secretary to Delhi Chief Minister Arvind Kejriwal, for allegedly misusing his official position and facilitating tenders worth Rs 9.5 crore to a particular company.

    Arvind Kejriwal's Principal Secretary Rajendra Kumar Arrested In 50 Crore Scam

    Punjab Teenager Shoots Mother For Refusing Money For Drugs

    Punjab Teenager Shoots Mother For Refusing Money For Drugs
    According to the initial probe, the teenager fatally shot his mother Kulwinder Kaur with his father's licensed gun in Kot Dharmu village.

    Punjab Teenager Shoots Mother For Refusing Money For Drugs

    6-Year-Old Indian Girl Clings To Life For 11 Hours After Dad Throws Her In River

    6-Year-Old Indian Girl Clings To Life For 11 Hours After Dad Throws Her In River
    The temptation of new shoes promised by her father was too much to resist for an unsuspecting six-year-old, who accompanied him, only to be thrown into the Ulhas river by him and his friend.

    6-Year-Old Indian Girl Clings To Life For 11 Hours After Dad Throws Her In River

    Omar Abdullah Distances Himself From Bungalow Occupied By Estranged Wife Payal

    Omar Abdullah Distances Himself From Bungalow Occupied By Estranged Wife Payal
    Former Jammu and Kashmir chief minister Omar Abdullah today distanced himself from the occupation of a bungalow belonging to the Jammu and Kashmir government in Delhi by his estranged wife Payal.

    Omar Abdullah Distances Himself From Bungalow Occupied By Estranged Wife Payal

    Trans-Canada Highway Reopens As Crews Battle Blaze Near Lytton, B.C.

    Trans-Canada Highway Reopens As Crews Battle Blaze Near Lytton, B.C.
    LYTTON, B.C. — The Trans-Canada Highway has reopened as crews battle a wildfire in British Columbia's southern Interior.

    Trans-Canada Highway Reopens As Crews Battle Blaze Near Lytton, B.C.

    Mentally Challenged Woman Gives Birth On Road In Meerut

    Mentally Challenged Woman Gives Birth On Road In Meerut
    A woman with special needs on Wednesday gave birth to a baby on the road near Kutchery Pul in Meerut.

    Mentally Challenged Woman Gives Birth On Road In Meerut