Kotak Wealth Management, a division of Kotak Mahindra Bank, and Hurun India jointly launched the 2nd edition of ‘Kotak Wealth Hurun – Leading Wealthy Women’, a compilation of the wealthiest women in India. The study focuses exclusively on women who play an active role in their family businesses, entrepreneurs, and professionals. The listing is based on the net worth of women as of 30 September 2020. The average wealth of the women on this list is about Rs 2725 crore. The threshold for the ranking is Rs 100 crore. The highlights of the report are:
- Roshni Nadar Malhotra of HCL Technologies is the wealthiest woman on the list, followed by Kiran Mazumdar-Shaw of Biocon and Leena Gandhi Tewari of USV.
- Kiran Mazumdar-Shaw, Biocon, is the wealthiest self-made woman.
- Eight US$ billionaires are on the list, while 38 have wealth of Rs 1000 crore and above.
- 19 women from this list also feature in the Hurun India Rich List 2020, and 6 women have made it to the Hurun Global Rich List 2020.
- There are 8 Padma Awardees on the list.
- Of the 31 self-made women on the list, 6 are professional managers and 25 are entrepreneurs.
- Six women entrepreneurs from the startup ecosystem feature in the list, of which 2 have built their companies into Unicorns – Falguni Nayar of Nykaa and Divya Gokulnath of Byju’s – Think & Learn.
- 19 women are aged 40 or below.
- Kanika Tekriwal, JetSetGo; Anjana Reddy, Universal Sportsbiz and Vidhi Shanghvi, Sun Pharma are the youngest women on the list.
- Pharmaceuticals and Textiles, Apparel & Accessories dominate, accounting for 25% of the list. This is followed by Healthcare and Financial Services with a share of 9% and 8% respectively.
- With 32 individuals, Mumbai tops the list followed by New Delhi (20) and Hyderabad (10).
- 15% of the women on the list hail from non-metros.
- The primary philanthropic causes that the women identified with are Education and Healthcare. Four women on the list find a place on the Hurun India Philanthropy List 2020
Oisharya Das, CEO – Wealth Management, Kotak Mahindra Bank said the report reveals an interesting and inspiring trend of more and more trailblazing women leading the way and scripting success stories across a wide variety of industries and encompassing cities and towns pan India. For India to achieve its aspirational target to be a US$5 trillion economy by 2025, women will continue to play a crucial role as wealth creators in order to achieve that goal, she added. Anas Rahman Junaid, MD & Chief Researcher, Hurun India, said the women on the Kotak Wealth Hurun – Leading Wealthy Women 2020 list are the most successful women leaders in India. Their stories deserve to be shared and studied.
