Top 100 companies generated Rs 28L cr wealth in past 5 years: Study

Mumbai: In terms of market valuation, India's top 100 companies have generated Rs 28.4 lakh crore wealth in the past 5 years, as per a latest study. TCS, Tata Group's shining star in terms of generating revenue stands first in the list. It has generated over Rs 2.6 lakh crore for the period 2011-16 as per a report by leading brokerage firm Motilal Oswal's '21st Annual Wealth Creation Study'.

The IT giant was followed by private sector lender HDFC Bank, as per the study, which looks into top 100 wealth creating companies during the period 2011-16.

Overall, top 100 companies created Rs 28.4 lakh crore during 2011-16, which is the third highest ever quantum of amount generated.

The wealth created is calculated as change in the market cap of companies between 2011 and 2016, duly adjusted for corporate events such as mergers, de-mergers, fresh issuance of capital, buyback, among others.

While Ajanta Pharma was found to be the fastest wealth creator for the second year in a row, Asian Paints emerged as the most consistent wealth generator.

Sector-wise, consumer/retail emerged as the country's biggest wealth creating industry for the second consecutive time.

The report noted that public sector undertakings wealth creation performance continues to be dismal during 2011-16.

Only 7 PSUs -- BPCL, HPCL, Petronet LNG, Concor, LIC Housing, Bharat Electronics and Power Grid Corporation -- figure in the top 100 wealth creators list and contributed to 4 per cent of the total wealth generation.

Meanwhile, wealth worth Rs 15 trillion was destroyed during 2011-16. This accounts for 53 per cent of the total wealth created by top 100 companies.
 

With PTI Inputs