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.