of the same old names? Well, here are some new success stories
that have stormed their way in
SURELY to be billed as the most dramatic entry: While 12
billionaires have increased their wealth by over 1000 per
cent this year, there are at least eight new names in the
list. Sure, we have already spoken about the biggest gainer,
Jignesh Shah, promoter of Financial Technologies, and then
theres PK Jain & family promoters of Gujarat
Fluorochemicals part of the old guard. But here are
some hidden performers that need to be presented.
Sarin, Ashok Sarin, M L Bhasin and H L Bhasin the
four promoters of Anant Raj Industries have recorded
a breathtaking growth of 3,359 per cent in the market price.
It was worth Rs 8.21 crore a year ago, and thanks to the
plan to merge four construction subsidiaries, networth shot
up to Rs 284.12 crore.
promoter of Lakshmi Overseas, Balbir Singh Uppal, is the
second biggest gainer whose networth has shot up 2,429 per
cent to Rs 173.24 crore from Rs 6.85 crore a year ago. The
company has set up an integrated paddy processing unit,
a rice mill and a sunflower and vegetable oil seeds processing
unit. In 2004-05 the company had a net profit of Rs 21.85
crore and in the last four quarters, it has achieved a net
profit of Rs 28 crore. Interestingly enough, Singh has been
successful in attracting the interest of FIIs by increasing
their holding limits from 24 per cent to 49 per cent, and
the FIIs have responded by buying a 12.20 per cent stake
in the company last year. No wonder the value of the stock
has risen from Rs 10 to Rs 420 in a year.
to a 1899.60 per cent jump in the market price of Zen Technologies,
its promoters Ashok Atluri, Ravi Kumar and Satish Atluri,
are the next in The Billionaires Club list. The company
changed focus from hardware to software and had successfully
developed a small arms training simulator used for training
of police, paramilitary and armed forces. The promoters
set up facilities for manufacture of advanced weapons training
simulators viz. Tactical Engagement Simulators (TacSim)
and interactive Small Arms Training Simulator (iSATS) at
Hyderabad at an estimated cost of Rs 668 lakh.
promoter of Zenotech Laboratories, Jayaram Chigurupati,
enters the list next and is worth Rs 107.26 crore.
wealth has jumped 1671 per cent. Similarly, J K Malhoutra,
the promoter of Dynamatic Technologies, has seen his net
worth soar 1270 per cent to Rs 227.39 crore from Rs 16.60
crore a year ago. Malhoutra floated Dyanamatic Hydraulics,
a medium-scale engineering unit specialising in the production
and marketing of hydraulic elements, fluid systems and specialised
engineering products. DTL manufactures hydraulic gear pumps,
control valves, hand pumps and other hydraulic elements.
Today, it is the largest manufacturer of gear pumps in India.
find in the list are Annapurna G and Padmaja R, promoters
of Helios & Matheson. Their networth has gone up 1216
per cent to Rs 181.93 crore. They are followed by Radhakrishna
R Ruia, promoter of Phoenix Mills whose networth is up 1188
per cent to Rs 527.85 crore. Finally, we have MD Mundhra,
promoter, Simplex Concrete Piles. His networth has shot
up 1068 per cent to Rs 367.81 crore.