Press release with 302 new faces hurun report launches its sixth edition of hurun india rich list 2017 better than expected corporate results in 2017 offset the impact of demonetisation mukesh amabani’s wealth shot up by a staggering 58% to inr
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Mukesh Ambani, donated INR 303 Cr towards healthcare. He channelizes his philanthropic initiative through Reliance foundation, his philanthropic arm. The primary aim of the foundation is to promote sustainable growth in India. Besides healthcare, his philanthropic interests include social & rural development and education. Vaccine billionaire, Cyrus S Poonawalla, who set up Serum Institute has donated INR 250 Crores. The funds raised are used for his philanthropic work, including setting up educational institutes and hospitals. His vision “Health for all with affordable vaccines” is revolutionizing the world saving millions of children around the world. Ajay Piramal donated INR 111 Crores through his philanthropic initiative through Piramal Foundation. It includes activities for education (PFEL), health care (Swasthya), water purification (Sarvajal), rural development (Udgam) and Women Empowerment (Piramal Udgam) Rakesh Jhunjhunwala has pledged INR 5,000 Crore for the welfare of the society. He is often referred to as the India’s Warren Buffet. A big supporter of various Non-Profit organizations and education trusts including Agastya and Ashoka University. An Indian diamantaire and philanthropic social activist, Laljibhai Patel, has pledged a donation of INR 200 Crore for the welfare of 10,000 girls of the Patidar community. He said an amount of INR 2 Lakh would be transferred to the second daughter born in the Patidar community when they would attain 21 years of age. Table 10: Hurun India Rich List 2017 - Self-Made Degree
Source: Hurun Research Institute. For more details visit www.hurunindia.net Hurun Report continued its Self-Made Scorecard, measuring the degree to which billionaires are inherited or self-made. The scorecard is out of five, where 1 is inherited and not active in business, and 5 is self-made without help from parents. Self-made with a little help from parents was the most common route to becoming a billionaire, featuring 51% of the list. Second was self-made without help from parents, making up 9% of the list. Third was inheriting a business and growing it into a much bigger entity, with 38% and only one person was Self-Made Degree 1. Entrepreneurs appreciated by the government of India 40 are Padma awardees, of which four are women. BVR Mohan Reddy of Cyient has awarded Padma Shri in 2017. There is no one in Hurun India Rich List 2016 who has received the highest civilian award, “Bharat Ratna”. 7 individuals hold either of the two awards. For instance Kiran Mazumdar Shaw of Biocon and Devi Prasad Shetty of Narayana Hrudayalaya holds both Padma Shri and Padma Bhushan. Pratap reddy of Apollo Hospitals and Ratan Tata of Tata Sons holds both Padma Vibhushan and Padma Bhushan. Table 11: Hurun India Rich List 2017 – Padma awardees
Source: Hurun Research Institute. For more details visit www.hurunindia.net Table 11.1: Hurun India Rich List 2017 – Padma awardee details
Source: Hurun Research Institute. For more details visit www.hurunindia.net Largest public traded companies Of the publicly traded companies on the list, Mukesh Ambani’s Reliance has the highest valuation of INR 524,780 Cr (contributing 5.35% to the NIFTY index), followed by Tata Consultancy Services (owned by the Tata family) with INR 477,343 Cr and Infosys INR 232,290 Cr. Kotak Mahindra & Bharti Airtel with market cap of INR 194,110 and INR 167,011 Cr respectively. Fortune 500: In addition to Reliance and Tata Motors, Rajesh Exports, the flagship company of Rajesh Mehta, is the only other private company in India to feature in Fortune 500. This year’s Hurun India Rich List reveals some interesting nuggets of information Anand Mahindra (62) of M&M invested INR 100,000 in Kotak Group in November 1985, is now worth INR 1,400 crore - a compounded growth rate of 40 per cent over the past 32 years Kishore Biyani has co-authored one of the most popular business books in India till date. He co-authored this book which has sold more than 100,000 copies. The new top 10 entrant Acharya Balkrishna of Patanjali Ayurved has published 41 research papers on Yoga and Ayurveda. His work station doesn’t have a computer B.R. Shetty will invest INR 1,000 crore to produce the costliest ever Indian film titled The Mahabharata, most expensive non English language film. As a 16-year-old high school student in 1998, Divyank Turakhia founded Media.net with a US$600 investment. He became a millionaire at 18 and its valuation cross US$100 mn when he was 23. Table 12: Money in Sports!
Source: Hurun Research Institute. For more details visit www.hurunindia.net Apart from those mentioned above, Hurun India Rich Listers have interest in other professional leagues such as Pro Kabaddi League and English Premier League. For Instance GM Rao owns UP Yodhas and Gautham Adani Owns Gujarat Fortune Giants in Pro Kabaddi League. Anuradha Jitendra Desai of Venky’s owns Blackburn Rovers F.C. and LN Mittal owns Queens Park Rangers F.C. in English Premier League. Table 13: The Obituary – Hurun Indian Rich List 2017
Source: Hurun Research Institute. For more details visit www.hurunindia.net Wealth of Ramesh Agarwal was inherited equally to his sons Pawan Agarwal, Girish Agarwal and Sudhir Agarwal. Stats: Record Highs Cut-off to make the list was INR 1000 Cr, with a record high of 617 individuals, up from 278 last year and 66 the year before. The number of dollar billionaires has jumped to a record high too, with 136 individuals, up 10 from last year. Table 14: Table analyzing the cut off and the number of entrepreneurs in Hurun India Rich List
Source: Hurun Research Institute. For more details visit www.hurunindia.net Cut-off (in INR Cr) Table 15: Table analyses the cut-off required for Top 10, 50 and 100
Source: Hurun Research Institute. For more details visit www.hurunindia.net Table 16: Companies that produced the highest number of individuals on the list
Source: Hurun Research Institute. For more details visit www.hurunindia.net Table 17: Key Star Signs in Hurun India Rich List 2017
Source: Hurun Research Institute. For more details visit www.hurunindia.net Social Media: Acharya Balkrishna is not only an expert in creating wealth but also the master of social media. He is the most followed entrepreneur in Facebook with 5 million followers. A snapshot of some of the social media following of the entrepreneurs below Table 18: Social Media Followers of Hurun India Rich List 2017
Source: Hurun Research Institute. For more details visit www.hurunindia.net Methodology The Hurun India Rich List is a snapshot of wealth as on 31 July 2017. The exchange rate used for US$ was INR 64.1. The list relates to Indians only, defined as born or brought up in India origin their passport today. Valuing the wealth of India’s richest is as much an art as it is a science. Sure, we have missed some, but we believe the Hurun India Rich List to be the most serious attempt to identify India’s top entrepreneurs and to measure their holdings. Our team of researchers has - for the sixth year running - traveled the length and breadth of the country cross-checking information with entrepreneurs, industry experts, journalists, bankers, and regulators, as well as previous years’ databases. For non-listed companies our valuation was based on a comparison with their listed equivalents using prevailing industry multiples such as Price to Earnings, Price to Sales, EV to Sales, EV to EBITDA and also other methodologies including Discounted Cash Flow, Tobin’s Q and so on. In certain cases of early stage companies, we have used First Chicago Method for valuation. This year, we have split out siblings, so companies like Muthoot Finance have been split across four individuals. Hurun India Rich List 2017 – Top 100 For the full list, please visit www.hurun.net
*Wealth reduced due to ownership split The Hurun Report Hurun Report is a leading luxury publishing and events group established in London in 1998 and strongly present in China and India, widely recognised world over for its comprehensive evaluation of the world’s wealthiest individuals across the globe. Hurun Report India commenced its operations in 2012 and has been bringing to light stories of successful and emerging Indian entrepreneurs ever since and felicitating them at a bouquet of Hurun events hosted pan India. Hurun Report Inc. has three main platforms: Hurun Research Institute, Hurun Digital Media and Hurun Conferences and Luxury Summits. Through each platform, Hurun targets entrepreneurs and high net worth individuals. Hurun Report India’s flagship properties include the India Rich List, the ground-breaking India Philanthropy list and the Hurun Global Rich List. A testament to the comprehensive nature of our list is the presence and association of numerous billionaires in each of our events in UK, China and as well as India – Sir Richard Charles Nicholas Branson, Mr. Wang Jianlin, Mr. Jack Ma (AliBaba), Mr. Lei Jun (Xiaomi), Mr. Li Yanhong (Baidu), Dr. Cyrus Poonawalla, Mr. Samprada Singh, Mr. Adi Godrej, Mr. Kuldip Singh Dhingra, Mr. Anand Burman, Mr. Kris Gopalakrishnan, Mr. Rajesh Mehta, Mr. Yusuff Ali, Mr. Kochouseph Chittilappilly, Mr. Joy Alukkas, Mr. T.S. Kalyanaraman and Mr. C.V. Jacob to name a few. ANAS RAHMAN JUNAID (MD &CHIEF RESEARCHER- HURUN REPORT INDIA) PROFILE A graduate from University of Oxford, Anas Rahman Junaid is the Managing Director and Chief Researcher for Hurun Report India and the Global Rich List. Anas’ passion and expertise are in tracking and highlighting the success stories of various entrepreneurs across the world. A major in Corporate Valuation, Anas has strong expertise in valuating companies ranging from start-ups to multi-billion dollar enterprises. Anas is a KPMG alumnus. His renewed vision is to connect Indian and Chinese entrepreneurs and to explore opportunities to collaborate. With a strong network with the UHNIs in India, he hopes to promote and explore luxury, art and investments. HURUN REPORT INDIA “Passionate About Indian Entrepreneurship” Hurun Report India serves as India’s definitive voice celebrating wealth creation, innovation and growth. Last year Hurun further expanded by releasing Hurun Global Rich List 2015, a ranking of the 2195 US dollar billionaires so-called ‘Nine-Zero Club’ currently -in the world and – the fifth India Rich List which ranks 339 richest individuals in India, allowing for comparisons between two of the most dynamic economies in the world.
For media inquiries, please contact: Shobita George india@hurun.net Vaibhav Joshi +91 99203 14783 vaibhav.joshi@cohnwolfesixdegrees.com Hurun Report – London/ Mumbai/ LA/ Shanghai www.hurunindia.net Page of Directory: Upload -> file file -> Mark e magill file -> List of Exhibitors & Exhibits 1-7 Textiles & Garments 8-32 file -> To: Cc: Nolen Harris; Scott Delman; Kevin Steiner Subject file -> 2014 acm digital Library Subscriber Terms and Conditions of Use Agreement file -> Front Cover: ctd 2013 Annual Report (60 minutes theme) Pg. 1 Intro a message from the Executive Director file -> Alice cascade’s Annual Dance Production all dancers alice performance Saturday 16th file -> Qualification and title awarded – Licenciatura in Computer Science, Licenciado file -> Engl 235. 10 and 235. 15 Detective Fiction and Film Summer 2016 6 8) syllabus file -> What are hemorrhoids? Download 0.94 Mb. Share with your friends:
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