Top Wealth Creators in India for Shareholders

Who are the top wealth creators in India for their shareholders ? Here is a compiled list on various factors. First list is about Top Wealth Creators and the second is about Consistent Wealth Creators for their shareholders. The sectors in which these companies operate is enclosed in brackets for non Indian audience. We do not consider companies such as MMTC and NMDC whose share price is nothing but a scam.

Top 10 Wealth Creators in India:

  1. Reliance Industries [Diversified Petrochemicals, Retail, Telecom, Finance, Energy]
  2. Oil and Natural Gas Corporation [Oil / Refining]
  3. Bharti Airtel [ Telecommunications]
  4. Infosys Technologies [IT Outsourcing]
  5. ICICI Bank [Retail and Industrial Banking and Insurance]
  6. Bharat Heavy Electricals [Electrical Equipment and Turnkey Projects]
  7. Steel Authority of India Ltd [Iron and Steel]
  8. Larsen & Toubro [Construction + Turnkey Projects + Cement + IT Outsourcing]
  9. State Bank of India [India’s largest bank network]
  10. Wipro [Information Technology]

The top 10 most consistent wealth creators over a 15 year period are as follows,

  1. Wipro
  2. Cipla [Pharmaceuticals]
  3. Reliance
  4. Hero Honda [2 Wheeler Automobile]
  5. Dr Reddys Labs [Pharma]
  6. HDFC [Housing Loans + Big Holding in Banking and Insurance + Financial Products]
  7. Asian Paints [Paints]
  8. Ranbaxy Labs [Pharma R&D]
  9. ITC [Cigarettes + Hotels + FMCG]
  10. Nicholas Piramal [Pharma]

If you read our analysts review in May-2007 on HDFC, its a blind BUY at any rate and hold it for long term, you will make money.