markets incessant rise has encouraged companies to raise funds
from the public
money, will spend seems to be the motto of the elite
CHECK ON PAY
got the biggest raises? Which company was most generous?
definitive list of India Incs richest
of the best paymasters
we estimated wealth and earnings of billionaires
but not market movers
the stock market has played a major role in creating billionaires
this year, a few didnt have to tap it to get the numbers.
Joydeep Ghosh raises a toast to the
has it that the associations of beedi makers in Andhra Pradesh,
vegetable oil makers in Gujarat and toddy tappers in Kerala are
flush with so much cash that they are capable of lending to their
respective governments. Some say, they actually do so. While there
is no way one can put any number to their revenues, the figures
talked about range from over Rs 5,000 to Rs 25,000 crore a year.
most of them cannot be named as there is nothing official about
it, we take the safer route by looking at different professions
and sectors and then, identify the leaders who haven't yet listed
in the stock markets.
leads us to among many others a bare foot painter, an elusive investment
banker, and a soft spoken cricketer. M F Hussain, Vallabh Bhansali
and Sachin Tendulkar have nothing in common. But what brings them
together in this list is the fact that they are all billionaires.
And while UB group Chairman Vijay Mallya can flaunt his yacht, even
Tendulkar drives a Ferrari.
a year when many billionaires were created because they unlocked
their companies wealth by going for initial public offerings
(IPOs), a few of them are still yet to play the listing game. Take
for instance, DLF's K P Singh who, post-IPO, is among the richest
Indians. But if one looks at people in the same industry, we have
the K Raheja group, a huge brand name, but still unlisted.
there are the Hiranandani brothers Niranjan and Surender, who are
aggressively expanding in Chennai after launching a large number
of projects in Mumbai and Thane. Both the groups have picked up
over $300 million (over Rs 1,200 crore) through the alternative
investment market (AIM) in the UK and that too, for only a few projects.
Shivanand Mankekar has a personal wealth of almost Rs 350
crore while Rakesh Jhunjhunwala is worth Rs 2500
financial services, Motilal Oswals IPO has made both partners
Raamdeo Agarwal and Motilal Oswal billionaires, with a net worth
of Rs 800 crore each at the time of listing, and the number is increasing
every day. Others who can join this list include the likes of Vallabh
Bhansali and Nimesh Shah of Enam, with the latter being valued at
over Rs 179 crore just based on his holding of over one per cent
in various companies. Then, there is investor Shivanand Mankekar
and family who are almost at Rs 350 crore. But the cake goes to
the king of bulls, Rakesh Jhunjhunwala whose net worth is almost
Rs 2,500 crore.
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