Here Are India’s Wealthiest Women
India's richest women include a third-generation heir of the Godrej empire, the chief of a top software services company and the chairperson of the country's leading news and media group.
These three—Smith V Crishna of Godrej, Roshini Nadar of HCL Technologies Ltd., and Indu Jain of Bennett Coleman that owns Times of India newspaper—collectively have a wealth of over Rs 94,000 crore. This is more than the GDP of at least 68 countries in the world.
And India is home to more such wealthy women. That's according to the Kotak Wealth Hurun–Leading Wealthy Women 2018 report that estimates that the top 100 wealthiest women in India have an average of approximately Rs 4,000 crore of wealth.
The report, which includes both inherited and self-made wealth, calculates the net worth of these women based on industry multiples such as price-to-earnings, price-to-sales, and other methodologies of their businesses.
“The ranking recognises India's leading women – entrepreneurs, businesswomen, investors and inheritors,” Jaideep Hansraj, chief exectuive of wealth management and priority banking at Kotak Mahindra Bank Ltd. said in a statement. “We are seeing a significant change with more and more women taking advantage of increasing opportunities to become active participants in business. The report acknowledges the Indian woman's role in creating wealth in one of the fastest growing economies in the world.”
Here are the key findings of the report:
- Kiran Mazumdar-Shaw, the founder and managing director of Biocon Ltd. is the richest self-made women on the list.
- The pharmaceutical sector leads with 22 percent of the women on the list, followed by software services (18 percent) and food and beverages (8 percent).
- Eight women on the list are Padma awardees.
- Shradha Agarwal, who co-founded Outcome Health, is the youngest-self made wealthiest women.
- Half of the top 100 wealthiest women stay in Mumbai or New Delhi.
- Infosys and Avenue Supermarts are the two companies that have produced the highest number of wealthy women on the list at 5 each.
Here are the top 10 wealthiest women in India:
-
The Curious Case of Equitas Small Finance Bank And A CEO Who Quit For Stock
PN Vasudevan believes persistent investor concerns over a perceived conflict of interest had become a governance overhang on Equitas Small Finance Bank's stock, even as the lender improved profitability and asset quality.
-
Talking Points This Week: AI Cash Burn, A Tiger Comeback And An India That Still Finds Its Own Path
India is not immune to higher oil or tighter global liquidity, yet its earnings base is broader, its domestic policy levers are still available.
-
Foreign Investors Own Half Of HDFC Bank and ICICI Bank. An LTCG Cut Could Matter Most Here
Foreign portfolio investors have US$115 billion parked in HDFC Bank, ICICI Bank. If the government cuts long-term capital gains tax, Jefferies says returning foreign money could land here first.
-
'Never Seen This Level Of Negativity': Sandeep Tandon Says The Next Rally May Be Closer Than You Think
Veteran investor Sandeep Tandon says foreign selling is easing, large-caps are due a comeback and mid-caps are crowded, while he turns positive on gold, power and pharma this Diwali.
-
Indians Stay With Family, Not In Hotels | The Reason Why
India still lacks enough clean, reliable and affordable hotels for budget-conscious travellers.
-
The Economic Imperative: Analysing The Material Driving Force Behind India-Canada Strategic Reset
This economic complementarity is further reinforced by deep institutional investment ties and talent mobility, which form the bedrock of the bilateral framework.
-
Medicine Pricing: Where Must Profit Stop?
India must confront excessive margins, hidden incentives and regulatory gaps that threaten the integrity of medicine.
-
Why Amazon And Flipkart Are Struggling To Beat Meesho In India's Smaller Cities
With 274 million users and lowest-cost logistics, Meesho is defending its value commerce crown against giants like Amazon and Flipkart.
-
High US Salaries, No Green Card Certainty: The Financial Calculation Facing Indian H-1B Families
The suspension of PERM processing at eight technology employers does not cancel existing H-1B visas. What it does is force a question many Indian families have been avoiding: is the US salary worth tying your career and family plans to one employer?
-
Swiggy vs Eternal: Food Delivery's Two Rivals Are No Longer In The Same Race
Eternal is building a private AI assistant, dark.ai. Swiggy is still working out how to make Instamart pay, with an operating loss of Rs 895 crore in the July-September quarter while Blinkit stayed profitable.