estate, stock broking, media, and what have you...are all
categories that are churning out moneybags by the dozen.
Meet the big fish whose wealth is not always evident
a tough job to determine how wealthy an indian businessman
is. one measure of wealth is the value of his shareholding
in his companies, the yardstick the billionaire club uses.
But a lot of individuals may not own companies but may have
invested in them. They might also own one listed company
and several unlisted ones or vast property or, all of these.
They are shying away from going public, but from manufacturing
to media, India has quite a few of them in the unlisted
the first family of Indian print media the Jains
of Bennett, Coleman & Company, publishers of The Times
of India and a host of other newspapers and magazines. Not
even a bull run which has given other publishing houses
such as Hindustan Times and Deccan Chronicles such mouthwatering
valuations, has tempted them to list their firm. According
to Capitaline Plus, Bennett Coleman earned a profit of Rs
514.38 crore for the year ended July 2004.
companys reserves now stand at Rs 1824 crore and if
one were to accord a trailing price-earnings multiple of
50(which is what Hindustan Times commands), the market cap
would be well over Rs 20,000 crore. All the celestial combination
seem to be right in our next case. The nine satellite channels
of Sun Network are proving to be brilliant successes for
owner Kalanithi Maran.
today is a media baron, whose investments account for an
estimated 80 per cent of adspend in the South.. The Chennai-based
companys market capitalisation could be easily more
than the Rs 1,000 crore market capitalisation that NDTV
has today, given that a large chunk of the total adspend
is accounted for by southern channels. Or take the families
that own the Hindu Group of Publications. According to Capitaline,
the holding company, Kasturi and Sons, had reserves to the
tune of Rs 196.64 crore as in March 2004 while the net profits
were around Rs 45 crore.
manufacturing to media, India has quite a few billionaires
in the unlisted zone
Chennai-based Sivasailam and Krishnamoorthy families are
the promoters of the Amalgamations group, with revenues
of Rs 2,300 crore and a net worth estimated at Rs 900 crore.
Capitaline lists TAFE, one of the group companies, as having
reserves of Rs 419 crore as in March 03 and an EPS of Rs
30. At a price-earnings multiple of 10 times, that would
mean a marketcap of Rs 250 crore. CK Ranganathan promoter
of CavinKare, the FMCG and packaging group, also from the
South, too has built up a fairly big business though there
is no authentic estimate of his net worth. However, the
companys market cap is estimated by analysts to be
around Rs 250 crore (one-tenth of Godrej Consumers
player in FMCG would surely be biscuit-baron Prakash Chauhan
of Parle group who has the eponymous biscuit brand, soft
drink brand Frooti, NJoi and bottled water brand Bailley.
Today the group is mainly into bottled drinking water, but
again there are no confirmed estimates about the wealth
of the family. Not to be left behind is brother Ramesh Chauhan
who owns the Parle Bisleri brand and has plans of launching
fruit juice brand in the near future. As per reports, his
personal wealth is stated to be over Rs 100 crore.
on, Rakesh Jhunjhunwala is one gentleman whose life is all
about valuations. His investments in a clutch of companies
such as CRISIL, Trent, Titan, Karur Vysya Bank, BEML, TV
Today, Pantaloon, GeometricSoftware and Praj Industries
among others, have made him millions.
Jhunjhunwala believes in looking for under-valued stocks
and holding them till the value is unlocked. With the Sensex
scaling new peaks, Jhunjhunwalas net worth would easily
be worth Rs 1,000 crore.
if the stock markets are booming, so is property. Real estate
tycoons including Mumbais Hiranandani brothers (estimated
net worth:over Rs 1000 crore) and Rahejas (estimated net
worth: Rs 500 crore) would surely make the grade as would
their peers in the Capital. Look at construction baron Pallonji
Shapoorji Mistry, the single largest investor in Tata Sons
with a stake of over 18 per cent, who in his personal capacity
sold 1.2 million shares of Tata Consultancy Services worth
around Rs100 crore at the time of listing. The very private
Misrys networth was estimated conservatively at Rs
7,000 crore in 2001.
first generation entrepreneurs is Samprada Singh who runs
the Alkem group of companies, which is into pharmaceuticals.
Singh, who began life as a retail chemist and graduated
to becoming a distributor for MNC pharma firms before turning
industrialist, boasts a net worth close to Rs 200 crore.
A big believer in the benefits of yoga, Singh is now looking
to expand his business overseas.
billionaires are also to be found in the sports and entertainment
industry. Star cricketer Sachin Tendulkars batting
may not be so hot these days, but his net worth surely is.
Tendulkar got a Rs 100-crore product endorsement fee a couple
of years ago and runs Tendulkars, a chain of restaurants
we could go on, wed like to end with the last word
in Bollywood: Big B who has mesmerised millions with his
talent and charisma and does not know the word retire. Whether
its films or endorsements, Bachchan is going great
guns, giving heroes, much younger than him, a run for their
years ago the Bollywood actors net worth was estimated
at Rs 170 crore. Since then, the endorsements have only