City
Epaper

Reliance Industries becomes largest wealth creator; Adani most consistent

By Lokmat English Desk | Updated: December 15, 2021 17:04 IST

According to Motilal Oswal's 26th Annual Wealth Creation Study, Reliance Industries has become the largest wealth creator. Similarly, Adani ...

Open in App

According to Motilal Oswal's 26th Annual Wealth Creation Study, Reliance Industries has become the largest wealth creator. Similarly, Adani Transmission has emerged as the fastest wealth creator. Also, Adani Enterprises has been the most consistent wealth creator

Two Adani group companies – Adani Transmission and Adani Enterprises – have emerged as the fastest wealth creator (price CAGR of 93 per cent) and most consistent wealth creator (highest price CAGR of 86 per cent) during 2016-21, respectively. According to the study, Rs 10 lakh invested equally in 2016 among the top 10 fastest wealth creators would have grown to Rs 1.7 crore in 2021 — a return CAGR of 77 per cent versus just 14 per cent for the Sensex.

According to the study, Reliance Industries, the country's most valued company, has become the third largest wealth creator in a row. Between 2016 and 2021, the company amassed assets of Rs 9.7 lakh crore. This is the highest record ever. The company has broken its own record. The company had earlier earned Rs 5.6 lakh crore between 2014 and 2019. Meanwhile, the company's profit rose 8 per cent year-on-year, while the share price rose 31 per cent year-on-year. TCS, HDFC Bank and Hindustan Unilever are among the companies that made the most wealth during this period.

Tags: Reliance IndustriesGautam AdaniMukesh AmbaniAdani Enterprises
Open in App

Related Stories

BusinessMukesh Ambani’s Reliance Industries Shares Rise Nearly 1% Today; ₹1.6 Lakh Crore Data Centre Plan Keeps Stock in Focus

BusinessMukesh Ambani’s Jio Financial Shares Jump 4% After Firm Partners with Allianz Group for General & Health Insurance

BusinessGautam Adani Overtakes Mukesh Ambani As Asia’s Richest Person

BusinessMukesh Ambani, Gautam Adani Wealth Surges After US-Iran Ceasefire Boosts Stock Markets

BusinessMukesh Ambani's Reliance Industries Shares Fall Over 4% Today

Business Realted Stories

BusinessSensex, Nifty end higher amid election results volatility

BusinessBanking cannot be understood only through numbers, models or regulations: RBI Dy Governor

BusinessDiversified incomes, irrigation to shield India’s agri sector from El Niño: Report

BusinessAmbuja Cements posts record FY26 volume of 73.7 MnT; EBITDA rises 31% YoY

BusinessAmbuja Cements clocks record quarterly revenue of Rs 10,915 crore in Jan-March