The top 100 Wealth Creators of India Inc created wealth of ₹138 lakh crore during 2019-24, according to Motilal Oswal’s Annual Wealth Creation Study for 2024. The pace of wealth creation stood at 26 per cent CAGR, well higher than the BSE Sensex return of 14 per cent.

For the sixth time in a row, Reliance Industries has emerged the largest wealth creator during this period at ₹11,17,800 crore. This takes Reliance’s overall No.1 tally to 11 in the last 17 five-year study periods.

Adani Green has emerged as the fastest wealth creator during the five-year period with a compound annual growth rate of 118 per cent.

According to the study, ₹10 lakh invested in 2019 in the top 10 fastest wealth creators would be worth ₹1.75 crore in 2024, a return of 77 per cent compared to the 14 per cent for Nifty 50.

Over 2019-24, Linde India has emerged as the most consistent wealth creator. It has outperformed the Nifty Total Return Index in all the last 5 years, and has the highest price CAGR of 68 per cent.

The brokerage defines consistent wealth creators based on the number of years the stock has out-performed in each of the last five years. Where the number of years is the same, the stock price CAGR decides the rank.

Adani, all round wealth creator

Adani Enterprises has emerged as the best all-round wealth creator. The brokerage defines All-round Wealth Creators based on the summation of ranks, under each of the 3 categories — biggest, fastest and consistent. Where the scores are tied, the stock price CAGR decides the all-round rank.

Financials sector has emerged as the largest wealth creating sector, ahead of technology and utilities. PSUs’ wealth creation performance during 2019-24 is a significant improvement over the last three studies: 20 PSUs accounted for a healthy 17 per cent of wealth created.

The total wealth destroyed during 2019-24 is ₹4.3 lakh crore, a mere 3 per cent of the total wealth created by top 100 companies. This is the lowest in the last 14 study periods. Five of the top 10 wealth destroying companies are from the financial sector (including insurance).