According to the second edition of the ‘Kotak Wealth Hurun-Leading Wealthy Women’ report compiled by Kotak Wealth Management, a division of Kotak Mahindra Bank, and Hurun India, Roshni Nadar Malhotra of HCL Technologies, followed by Kiran Mazumdar-Shaw of Biocon and Leena Gandhi Tewari of USV, have topped the list of wealthiest women in India.
Shaw is the richest self-made woman on the list, featuring eight billionaires in dollars and 38 women with Rs 1,000 crore wealth and above. As of 30 September 2020, the ranking is focused on the net worth of women and focuses primarily on women who play an active role in their family business, as well as entrepreneurs and professionals.
The report is a data-driven effort to understand the development of wealth among Indian women and to celebrate the success of India’s top 100 entrepreneurs, professionals and businesswomen. The women on this list have an estimated wealth of approximately Rs 2,725 crore. Rs 100 crore is the threshold for the ranking.
The Hurun India Rich List 2020 also includes nineteen women from this list, and six women have made it to the Hurun Global Rich List 2020.
“The study reveals an interesting and inspiring trend of more and more trailblazing women leading the way and scripting success storeys across a wide range of industries and encompassing cities and towns across India,” said Oisharya Das, CEO of Wealth Management, Kotak Mahindra Bank. For India to achieve its target of a $5 trillion economy by 2025, women will have to play a crucial role as creators of wealth to achieve that goal.
Six are technical managers out of the 31 self-made women on the list, and 25 are entrepreneurs. Falguni Nayar of Nykaa and Divya Gokulnath of Byju’s are six women entrepreneurs from the start-up ecosystem on the list, two of whom have built their companies into Unicorns (Think & Learn).
Nineteen women are 40 years of age or below. The youngest women on the list are Kanika Tekriwal, JetSetGo, Sun Pharma, Anjana Reddy, Universal Sportsbiz and Vidhi Shanghvi.
Pharmaceuticals and Textiles, Apparel & Accessories, comprising 25% of the list, dominate. Healthcare and financial services, with a share of 9% and 8% respectively, follow this. Mumbai tops the list with 32 individuals, followed by New Delhi (20) and Hyderabad (10). Of the women on the list, fifteen percent come from non-metros.
Education and healthcare are the key philanthropic causes that women associate with. On the Hurun India Philanthropy List 2020, four women on the list will find a spot.
“The women on the list are the most successful female leaders in India,” said Anas Rahman Junaid, MD & Chief Researcher, Hurun India. Their tales are worthy of sharing and learning. What is it that successfully makes them? How have they done it? I hope more women will be encouraged by this list to become entrepreneurs, manage companies or lead businesses.
