Close X
Tuesday, January 14, 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

    India Has Low Debt Burden, Growth Outlook Promising: HSBC

    India Has Low Debt Burden, Growth Outlook Promising: HSBC
    India with a low leverage score looks promising among emerging Asian countries, which can deliver a solid growth rate and where the potential for a significant expansion is maximum

    India Has Low Debt Burden, Growth Outlook Promising: HSBC

    India's Aviation Policy Pushes Affordable, Convenient Flying

    India's Aviation Policy Pushes Affordable, Convenient Flying
    India on Wednesday unveiled its long-awaited civil aviation policy with a roadmap to support 300 million air travellers in five years and steps to make flying affordable and convenient. It also recasts the controversial norms on national carriers flying abroad.

    India's Aviation Policy Pushes Affordable, Convenient Flying

    Azad Hopes Priyanka Campaigns Outside Amethi, Rae Bareli

    I hope she will definitely campaign in some other places as per time available to her. There have been such demands from our cadres in the state but the party will take a decision at the right time

    Azad Hopes Priyanka Campaigns Outside Amethi, Rae Bareli

    Parliamentary Secretary Row: Target Me, Not Delhi's People, Kejriwal Tells Modi

    "Don't try to stop the good work being done in Delhi," he added.

    Parliamentary Secretary Row: Target Me, Not Delhi's People, Kejriwal Tells Modi

    Congress Leader Kamal Nath Resigns As Punjab Affairs In-Charge

    Congress Leader Kamal Nath Resigns As Punjab Affairs In-Charge
    I may be relieved of my charge to ensure that the attention is not diverted from real issues facing Punjab

    Congress Leader Kamal Nath Resigns As Punjab Affairs In-Charge

    Bihar Minister Addresses Smriti As 'Dear', Triggers Verbal Duel

    Irani objected to Chaudhary's tweet when he taunted her about the new National Education Policy's progress.

    Bihar Minister Addresses Smriti As 'Dear', Triggers Verbal Duel