Climbing the top rungs of the Rich List ladder is a tough test of business acumen and insight
Tata Family Trusts
The Tata family Trusts (headed by Ratan Tata) control the group’s holding company Tata Sons, which in turn holds the promoter stake in the group’s various companies. As on 31 March 2010, IT services major TCS contributed 61.5 per cent to the value of the promoters’ shares, even though the group has diverse businesses including manufacture of steel, automobiles, consumer goods, beverages, hotels and retail.
Mukesh Ambani & family
The elder Ambani sibling would undoubtedly be relieved at the end of the rivalry with younger brother Anil, but a mere 5 per cent growth in value of his stakes in Reliance Industries and Reliance Industrial Infrastructure as on 31 March 2010 shows how big Reliance has become. Even that 5 per cent amounts to Rs 7,858 crore. But with an entry into telecom and power imminent, expect a big jump next year.
Anil Agarwal & family
The king of metals and mining is a surprise No. 3. Agarwal’s stake value almost tripled, especially Sterlite Industries (673 per cent rise in market cap as of 31 March 2010). A concern could be the issues the Vedanta chief faces for plans to mine bauxite in Orissa’s Niyamgiri hills.
Azim Premji & family
Wipro’s chairman is as sharp an investor as he is a manager. The worth of his investments in companies including Crompton Greaves and Shoppers Stop jumped to Rs 528 crore in March 2010 from Rs 173 crore in March 2009. This, combined with a massive leap in the value of his shares in Wipro, helped him move up to the No. 4 slot.
Anil Ambani & family
The younger Ambani’s wealth grew 38 per cent as on 31 March 2010. Reliance Infrastructure and Reliance Capital gave the maximum increase — more than 100 per cent each — in the value of his shares. He is also restructuring his empire after a new pact with his elder brother. Expect the changes to reflect in next year’s ranking.
Sunil Mittal & family
Last year was a bad year for telecom companies, which is why Mittal’s wealth did not grow as much as in the past. He will look forward to better times next year, having bagged 3G spectrum in 13 circles for Rs 12,296 crore, though he maintains that the cost of 3G services will be high. The calibrated opening up of FDI in retail should also brighten things for Mittal.
Savitri Devi Jindal & family
Late O.P. Jindal’s wife and family have moved into the top 10 this year, from No. 11 last year, backed by a 389 per cent growth in the value of their shares in the listed group companies. The IPO of JSW Energy helped immensely, adding Rs 14,000 crore to the family’s wealth.
Gautam Adani & family
In one year, the value of Adani’s holdings vaulted from Rs 15,448.69 crore to Rs 61,299.02 crore; an indication of the stockmarket’s enthusiasm for his projects. Still, his rank improved by only one spot, showing how tough it is to climb once you are near the top. Here too, the Adani Power IPO added significantly to his family’s wealth.
K.P. Singh & family
The real estate tycoon has slipped to No. 9 from No. 7, though his stake value grew 64 per cent as on 31 March 2010. It is emblematic of a tough year for the real estate sector. Despite a good fourth quarter, DLF’s revenues for FY2009-10 fell 33 per cent, and profits, 52.5 per cent. Getting out of non-core businesses such as multiplexes would help, as would an uptick in the property market.
K.M. Birla & family
The value of the family shareholding of the Aditya Birla group doubled last fiscal as the commodity sectors rebounded sharply from the year before. Growth came equally from big companies such as Hindalco Industries (250 per cent) and Aditya Birla Nuvo (146 per cent) as also from the financial arm Aditya Birla Money (376 per cent). Only Idea Cellular (33 per cent) trailed. (This story was published in Businessworld Issue Dated 26-07-2010)
The Tata family Trusts (headed by Ratan Tata) control the group’s holding company Tata Sons, which in turn holds the promoter stake in the group’s various companies. As on 31 March 2010, IT services major TCS contributed 61.5 per cent to the value of the promoters’ shares, even though the group has diverse businesses including manufacture of steel, automobiles, consumer goods, beverages, hotels and retail.
Mukesh Ambani & family
The elder Ambani sibling would undoubtedly be relieved at the end of the rivalry with younger brother Anil, but a mere 5 per cent growth in value of his stakes in Reliance Industries and Reliance Industrial Infrastructure as on 31 March 2010 shows how big Reliance has become. Even that 5 per cent amounts to Rs 7,858 crore. But with an entry into telecom and power imminent, expect a big jump next year.
Anil Agarwal & family
The king of metals and mining is a surprise No. 3. Agarwal’s stake value almost tripled, especially Sterlite Industries (673 per cent rise in market cap as of 31 March 2010). A concern could be the issues the Vedanta chief faces for plans to mine bauxite in Orissa’s Niyamgiri hills.
Azim Premji & family
Wipro’s chairman is as sharp an investor as he is a manager. The worth of his investments in companies including Crompton Greaves and Shoppers Stop jumped to Rs 528 crore in March 2010 from Rs 173 crore in March 2009. This, combined with a massive leap in the value of his shares in Wipro, helped him move up to the No. 4 slot.
Anil Ambani & family
The younger Ambani’s wealth grew 38 per cent as on 31 March 2010. Reliance Infrastructure and Reliance Capital gave the maximum increase — more than 100 per cent each — in the value of his shares. He is also restructuring his empire after a new pact with his elder brother. Expect the changes to reflect in next year’s ranking.
Sunil Mittal & family
Last year was a bad year for telecom companies, which is why Mittal’s wealth did not grow as much as in the past. He will look forward to better times next year, having bagged 3G spectrum in 13 circles for Rs 12,296 crore, though he maintains that the cost of 3G services will be high. The calibrated opening up of FDI in retail should also brighten things for Mittal.
Savitri Devi Jindal & family
Gautam Adani & family
In one year, the value of Adani’s holdings vaulted from Rs 15,448.69 crore to Rs 61,299.02 crore; an indication of the stockmarket’s enthusiasm for his projects. Still, his rank improved by only one spot, showing how tough it is to climb once you are near the top. Here too, the Adani Power IPO added significantly to his family’s wealth.
K.P. Singh & family
The real estate tycoon has slipped to No. 9 from No. 7, though his stake value grew 64 per cent as on 31 March 2010. It is emblematic of a tough year for the real estate sector. Despite a good fourth quarter, DLF’s revenues for FY2009-10 fell 33 per cent, and profits, 52.5 per cent. Getting out of non-core businesses such as multiplexes would help, as would an uptick in the property market.
K.M. Birla & family
The value of the family shareholding of the Aditya Birla group doubled last fiscal as the commodity sectors rebounded sharply from the year before. Growth came equally from big companies such as Hindalco Industries (250 per cent) and Aditya Birla Nuvo (146 per cent) as also from the financial arm Aditya Birla Money (376 per cent). Only Idea Cellular (33 per cent) trailed.
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