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

    Censoring 'Udta Punjab' Will Not Solve Drugs Problem: Rahul Gandhi

    Censoring 'Udta Punjab' will not solve the drug problem in Punjab, Congress Vice-President Rahul Gandhi said on Tuesday amid controversy over the censor board demanding removal of any reference to Punjab in the movie.

    Censoring 'Udta Punjab' Will Not Solve Drugs Problem: Rahul Gandhi

    Captain Amarinder Singh Slams Arun Jaitley For ‘Fraud Notice’ Against His Son

    Captain Amarinder Singh Slams Arun Jaitley For ‘Fraud Notice’ Against His Son
    Former Punjab chief minister Captain Amarinder Singh dubbed the Enforcement Directorate summon issued against his son Raninder Singhas a ‘fraud notice’ and slammed Arun Jaitley for his defeat in 2014.

    Captain Amarinder Singh Slams Arun Jaitley For ‘Fraud Notice’ Against His Son

    Kejriwal Alleges 'jungle Raj' In Delhi, Targets Modi

    Alleging "complete jungle raj" in Delhi, Chief Minister Arvind Kejriwal on Monday blamed Prime Minster Narendra Modi and Lt. Governor Najeeb Jung for the state of affairs.

    Kejriwal Alleges 'jungle Raj' In Delhi, Targets Modi

    Five Convicted For Robbing, Raping Danish Tourist

    Five Convicted For Robbing, Raping Danish Tourist
    A court here on Monday convicted five men on charges of robbing and raping a Danish woman tourist in 2014.

    Five Convicted For Robbing, Raping Danish Tourist

    Uplift Humanity Celebrates Six Years in India, Launches in Mumbai

    Uplift Humanity Celebrates Six Years in India, Launches in Mumbai
    In the past 6 years, Uplift has successfully brought 250 students to India from the United States and contributed approximately 150,000 hours of volunteer work with the demand growing exponentially each year. 

    Uplift Humanity Celebrates Six Years in India, Launches in Mumbai

    Operation Bluestar Anniversary Passes Off Peacefully, Pro-Khalistan Slogans Raised

    Operation Bluestar Anniversary Passes Off Peacefully, Pro-Khalistan Slogans Raised
    he slogans were raised soon after Akal Takht Jathedar (chief) Gurbachan Singh read out his address to the Sikh community.

    Operation Bluestar Anniversary Passes Off Peacefully, Pro-Khalistan Slogans Raised