TOP PROMOTERS RICHER
In this article we are highlighting the figures of networth accumulation of top corporate companies including Public sector undertakings. This shows the extent of positive business environment in India during the past one year. This was also very well reflected by Stocks and Stock Exchange Indices during the entire year.
The cash rich club of promoters of India includes both Ambani brothers, Aziz Premji, Sunil Mittal and the fattest of them the Government, who turned out to be the biggest gainer during last one year.
The total investor wealth in the countryâ€™s 10 largest corporate entities soared by about Rs 3.5 lakh crores during the year ended this Diwali, out of which a major bounty of over Rs.2.2 lakh crores was cornered by their promoters.
Govt. gains maximum —- While the Indian government alone has gained almost Rs 75000 crores through its holding in countryâ€™s 10 most valued companies. The rest of the promoters have managed to reap a collective bounty of Rs. 1.5 lakh crores.
The govt. stake in the energy giant ONGC has appreciated by more than Rs.23,000 crore while two other PSU majors NTPC and BHEL have added over Rs 21,000 crore each during the last one year.
Another PSU major Indian Oil Corporation (IOC) added more than Rs 7000 crores to the governmentâ€™s wealth. Among private sector companies Reliance Industries, Reliance communications, Tata consultancy services added more than Rs 30,000 crores each to promoterâ€™s wealth during the past one year.
Reliance communications have added Rs 36000 crores to the wealth of its promoters while Mukesh Ambaniâ€™s Reliance Industries added Rs 34,000 crores to its promoterâ€™s wealth.
Among the Information Technology companies Tata consultancy is leading and made its promoters richer by Rs. 32000 crores. Another IT giant WIPRO added around Rs 22000 crores to its promoter Aziz Premjiâ€™s net worth. Cellular major Bharti Airtel has made its Indian promoters including telecom king Sunil Mittal by about Rs 15000 crores.
IT giant Infosys, although lags in the league of companies boosting networth of their promoters still managed to add Rs 500 crores to their promoterâ€™s wealth.
The networth statistics amply justify the ability of the Chiefs and promoters to navigate the company and reach the destination (meaning larger profits and higher market capitalization) much faster than others.