As the stock market booms, the top conglomerates in the country have made money while also creating wealth for their respective shareholders. These companies have bounced back after the major Covid19 slump in 2020 when the lockdown was put in place. Now that the economy has found its place once again, major Indian companies are benefiting from the overall progress. Infosys and Bajaj Finance have a creditable performance of being among the top 10, both in terms of fastest and biggest wealth creators. HDFC, Kotak Mahindra Bank, ITC, Asian Paints, Nestle Bajaj Finance and L&T were among the other biggest wealth creators. “The highest wealth creation has come from the Tata Group and rightly so. Not only is the quantum of its contribution the highest but, more importantly, it is the most diversified group and also has the largest shareholder base (85 lakh) thus providing a larger slice of the pie to public shareholders,” said RippleWave Equity Advisors partner Mehul Savla. Here are the top 10 wealth creators in India:
1. Tata Group (Rs 6 lakh crore)
The Tata Group topped the list as the largest wealth creator in India for shareholders. It has a total of 28 companies listed on the index that cumulatively added more than Rs 6 lakh crore for investors since January this year with a 40% return.
2. Reliance Group (Rs 4 lakh crore)
On the second spot, Mukesh Ambani’s Reliance Industries (RIL) Group comes up with a return of 28% since January. Its 9 listed companies added a total of Rs 4 lakh crore for investors. It has a market cap of Rs 17.5 lakh crore.
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3. Bajaj (Rs 3.5 lakh crore)
Bajaj comes at third spot with a whopping 58% return since January. It added 3.5 lakh crore for investors during the same period. It has a market cap of Rs 9.7 lakh crore.
4. Adani Group (Rs 3.1 lakh crore)
Gautam Adani’s Adani Group is the 4th largest wealth creator in the country with Rs 3.1 lakh crore added since January. During the same period, it gave an enormous 80% return and has a market cap of Rs 7 lakh crore.
5. Aditya Birla Group (Rs 1.8 lakh)
Aditya Birla’s Aditya Birla Group is the fifth largest wealth creator with Rs 1.8 lakh crore added since January while giving back an annual return of 53%. It has a market cap of Rs 5.1 lakh crore.
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6. Larsen & Toubro (Rs 1.8 lakh)
Multinational conglomerate company Larsen & Toubro commonly known as L&T is the sixth largest wealth creator in the country with a total of Rs 1.8 lakh crore gain since January with an annual return of 57%. It has a market cap of Rs 5 lakh crore.
7. HDFC (Rs 1.8 lakh crore)
Indian Financial services company HDFC Bank ranks at 7th position in the list with Rs 1.8 lakh crore gain in wealth since January. During the same period, it had a 10% return per annum. It has a Rs 15.9 lakh crore market cap, which is the third-largest by volume in India.
8. ICICI (Rs 1.3 lakh crore)
Another Indian Financial services company, the ICICI Bank was the 8th largest wealth creator with Rs 1.3 lakh crore added with an annual return of 36 per cent since January 2021. It has a market cap of Rs 5 lakh crore.
9. Bharti Enterprises (Rs 1.3 lakh crore)
Indian Multinational conglomerate company Bharti Enterprises comes at 9th position with Rs 1.3 lakh crore along with 38% annual return for its investors since January. It has a market cap of Rs 4.7 lakh crore.
10. Mahindra Group (Rs 0.6 lakh crore)
Indian Multinational conglomerate company Mahindra Group was the 10th largest wealth creator in India with Rs 0.6 lakh crore added with 29% annual return since January. It has a market cap of Rs 2.8 lakh crore.
