Press release 339 individuals with 1,600 cr, up 43 from last year and 250% from first


Entrepreneurs appreciated by the government of India



Download 1.43 Mb.
Page3/9
Date18.10.2016
Size1.43 Mb.
1   2   3   4   5   6   7   8   9

Entrepreneurs appreciated by the government of India
37 are Padma awardees, of which four are women. Three individuals were awarded in the last year, led by Pallonji Mistry, Indu Jain and Dilip Shanghvi, the first time someone from the Hurun India Rich List was awarded since 2014.
There is no one in Hurun India Rich List 2016 who has received the highest civilian award, “Bharat Ratna”. 5 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 9: Hurun India Rich List 2016 – Padma awardees


 

Award

Number

Richest

 Company

Wealth (INR Cr.)

1

Padma Vibhushan

5

LN Mittal

ArcelorMittal

66,900

2

Padma Bhushan

20



Pallonji Mistry

SP Group

1,01,100

3

Padma Shri

17

Dilip Shanghvi

Sun Pharma

1,21,500

Source: Hurun Research Institute. For more details visit www.hurun.net

Table 9.1: Hurun India Rich List 2016 – Padma awardee details

Padma Award

Name

Company

Year

Vibhushan & Bhushan

Prathap Reddy

Apollo Hospitals

2010/1991

Ratan Tata

Tata Sons

2008/2000

Vibhushan & Shri

NR Narayana Murthy

Infosys

2000/2008

Vibhushan

LN Mittal

ArcelorMittal

2008

Prithvi Raj Singh Oberoi

East India Hotels

2008

Bhushan & Shri

Kiran Mazumdar-Shaw

Biocon

2005/1989

Devi Prasad Shetty

Narayana Hrudayalaya

2012/2004

Bhushan


Pallonji Mistry

Shapoorji Pallonji

2016

Azim Premji

Wipro

2011

Shiv Nadar

HCL

2008

Sunil Mittal

Bharti Airtel

2007

Indu Jain

Bennett Coleman

2016

Kushal Pal Singh

DLF

2010

Rahul Bajaj

Bajaj Auto

2001

Adi Godrej

Godrej

2013

Jamshyd Godrej

Godrej

2003

Baba Kalyani

Bharat Forge

2008

Yusuf Hamied*

Cipla

2005

S Gopalakrishnan

Infosys

2011

Analjit Singh

Max India

2011

Nandan Nilekani

Infosys

2006

Swraj Paul

Caparo Group

1983

SP Oswal

Vardhman Textiles

2010









Shri


Dilip Shanghvi

Sun Pharma

2016

Cyrus S Poonawalla

Serum

2005

Yusuffali MA

Emke

2008

Ravi Pillai

RP

2010

Sunny Varkey

Gems Education

2009

Mallika Srinivasan

TAFE

2014

BR Shetty

UAE Exchange

2009

Karsanbhai Patel

Nirma

2010

Azad Moopen

DM Healthcare

2011

Anu Aga

Thermax

2010

Jawaharlal Gangaramani

Al Fara

2010

Naresh Trehan

Medanta Medicity

1991

Shobhana Bhartia

Hindustan Times

2005

Rajinder Gupta

TridentGroup

2007

Source: Hurun Research Institute. For more details visit www.hurun.net

Largest public traded companies
Of the publicly traded companies on the list, Mukesh Ambani’s Reliance has the highest valuation of INR 3,19,700 Cr (contributing 5.35% to the NIFTY index), followed by Infosys with INR 2,46,600 Cr and Sun Pharmaceutical INR 1,99,500 Cr. Followed by Tata Motors & Kotak Mahindra with market cap of INR 1,45,200 and INR 139,800 Cr respectively.

Table 10: Hurun India Rich List 2016 - Self-Made Degree


Self-Made Degree

No Of Individuals

Richest Individual

Company

Age

Wealth INR Cr.

5

30

Shiv Nadar

HCL

71

73,000

4

173

Dilip Shanghvi

Sun Pharma

60

121,500

3

128

Mukesh Ambani

Reliance

59

163,400

2

1

Anil Ambani

ADA Reliance

57

28,500

1

3

Savitri Jindal

JSW Steel

66

35,000

Source: Hurun Research Institute. For more details visit www.hurun.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.
Industry analysis
The industries that added the most number of new millionaires to the list were pharmaceuticals, FMCG, financial service, chemicals and engineering & construction.
For a snapshot of the industry that added most number of new entries, refer the table below.
Table 11: Industry producing most number of new entrants


Industry

New additions

Cumulative Wealth (INR Cr)

Richest New Individual

Company

Pharmaceuticals

13

56,100

B Parthasaradhi Reddy

Hetero group

FMCG

11

50,300

Acharya Balakrishna

Patanjali

Textiles, Apparels & Accessories

7

14,900

Rameshchandra T Jain

Bhilosa Industries

Chemicals& Petrochemicals

6

11,200

Vinod Saraf

Vinati Organics

Financial Services

6

14,600

Raamdeo Ramgopla Agarwal

Motilal Oswal

Source: Hurun Research Institute. For more details visit www.hurun.net
Pharmaceuticals

With an astounding figure of 21 Billionaires and 18 other individual mentions in the list, pharma sector has registered the highest contribution to the list. In 2016, the sector witnessed a 17% growth in cumulative wealth compared to 2015. The number of individuals doubled. Although the growth in cumulative wealth is substantially driven by the performance of private players, it should be noted that the listed players fared poorly. For instance, in 2015 the listed players registered a 66% average growth in share price compared to 9% in 2016. The vaccine icon Cyrus S Poonawalla of Serum Institute of India elevated his position by 6 ranks and is now comfortably placed in Top 5.



FMCG

In 2016 when most sectors failed to keep up the momentum, FMCG registered a decent growth of 14% in terms of the cumulative wealth. Yoga Acharya’s Patanjali took the market by storm and is eating away market share of other multinational FMCG’s. Patanjali registered a turnover of INR 5,000 Cr and expects to hit INR 10,000 Cr in 2017.



Chemicals & Petrochemicals
21 individuals derived their wealth from the Chemicals & Petrochemicals sector. 6 new entrants are in the list. This sector saw its wealth increase on an average of 18% compared to that of last year. Gurbachan Singh & Kuldip Singh Dhingra, Berger Paints, saw their wealth grow by 53%during the period 2015-16. Devendra Kumar Jain (87), of Gujarat Flourochemicals is the oldest billionaire from this sector.

Consumer Durables
Baked by increased disposable income and technological innovations, the entrepreneurs in consumer durable industry showed a positive trend with decent 5% growth in average wealth. The sector produced 3 new entrants to the list. As per studies, the consumer durables market is expected to expand at a compounded annual growth rate of 14.8% and Hurun Research Institute expects significant wealth creation in the near future.

Financial Service
Financial Services added 6 new faces into the list. The sector is topped by Uday Kotak (age 57, networth INR 51,600 Cr) followed by Sameer Gehlaut (age 42, INR 10,400 Cr). The Muthoot Finance produced most number of individuals from the financial services in Hurun India Rich List 2016.

Stock Markets Performance
Bombay Stock Exchange (BSE) Sensex went down by 0.2% from 28,114 on July 31, 2015to 28,051 on July 31, 2016. For the year under review, BSE Mid Cap (12.3%) and BSE Small Cap Index (3.23%) outperformed the benchmark index. Sensex failed to outperform Global indices S&P 500 (3.3%) and DJIA (4.2%). At a sectorial level, Healthcare and IT underperformed among the sectorial indices. All the others performed with at least 10% return – the biggest gainer was metals with a 36.26% return year to date. Currently, Indian stock market seems to be trading at an attractive valuation 19.6x compared to last year’s 20.2x.

This year’s Hurun India Rich List reveals some interesting nuggets of information


  • Promoters of Essar Oil Limited completed largest privatisation in Indian corporate history with delisting of Essar Oil Limited at a market valuation of INR 38,000 Cr (USD 5.7 Bn)

  • MEMG, the flagship company of Ranjan Pai holds the record of highest number of successful exit rounds in Indian companies. MEMG has given 11 exit rounds for its investors

  • With a strong performance backed by JSW steel, the richest women in the Hurun India Rich List has doubled her wealth (123%) when other steel companies under performed.

  • 128 individuals saw their networth fall

  • This year Hurun India Rich List added 6 new billionaires to the list

  • 11% of the list are Padma awardees

  • Kiran Mazumdar Shaw of Biocon is the only woman in Hurun India Rich List 2016 to receive both Padmasri and Padmabhushan

  • Clocking a turnover of YoY growth of 12% in domestic sales, Joyalukkas Group had a good year in 2016 in India. The main source of revenue is from Joy Alukkas India Pvt. Ltd and Joy Alukkas Holdings, which are two separate companies 100% owned by Mr Joy Alukkas. His wealth went up by 14% this year

Wealth and Philanthropy

  • Azim Premji, who secured sixth rank in India Rich List is the number one in Hurun India Philanthropy List 2015.

  • Mukesh Ambani, Pallonji Mistry, Azim Premji and Shiv Nadar – top 10 in Hurun India Rich List 2016, also finds a place in top 10 of Hurun India Philanthropy List 2015.

  • Led by Mukesh Ambani, five Indians feature in top 100 of Hurun Global Rich List 2015. India’s richest person is ranked 21 in Hurun Global Rich List 2015



Table 12: Obituary – Hurun Indian Rich List 2016


Name

Company

Age at the time of death

Networth 2015 (INR Cr)

Brijmohan Lall Munjal

Hero Moto

92

23,400

Pralhad P Chhabria

Finolex industries

86

2,200

MAM Ramaswamy

Chettinad Cement

84

3,000

Source: The Hurun Research Institute 2016
Brijmohan Lall Mujals wealth inherited by his three sons equally as per the family settlement agreement. For Pralhad P Chhabria and MAM Ramaswamy wealth inherited by sons Prakash P Chhabria and MAMR Muthiah respectively.Stats: Record Highs

  • Cut-off to make the list was INR 1600 Cr, with a record high of 339 individuals, up from 296 last year and 235 the year before.

  • The number of dollar billionaires has jumped to a record high too, with 126 individuals, up 1 from last year.

Download 1.43 Mb.

Share with your friends:
1   2   3   4   5   6   7   8   9




The database is protected by copyright ©ininet.org 2020
send message

    Main page