Welcome to Alumni & Corporate Relations
HCL Tech’s Roshni Nadar Malhotra is wealthiest Indian woman

HCL Technologies’ Roshni Nadar Malhotra is the wealthiest lively women in India. A new study by Hurun India, in association with Kotak Wealth, has named high 100 ladies wealth creators and leaders, which included many self made enterprise entrepreneurs, start-up founders {and professional} managers.

The cumulative wealth of women wealth creators on the list stood at Rs 2,72,540 crore, the report said. There are a total of eight dollar billionaires, while 38 women on the list had a wealth of Rs 1,000 crore and above. Average age of the women featured on the list is 53 years, the report added.

New Delhi-based Roshni Nadar Malhotra has a fortune of Rs 54,850 crore. She has recently been appointed chairperson of the Rs 70,680 crore HCL Technologies. Roshni is currently the CEO and Executive Director of HCL Corporation, a holding company that controls HCL Tech and HCL Infosystems.

Founder & MD of Biocon, Kiran Mazumdar-Shaw, needs no introduction. She is the second-most wealthiest woman in the list with a Rs 36,600 crore fortune. Kiran started Biocon in 1978 and has led the biopharmaceutical company in the field of complex APIs and molecular biology. She also sits on the board of Infosys.

The third on the Kotak Wealth Hurun list is Leena Gandhi Tewari, who chairs privately-held USV, which is a pioneer in diabetic and cardiovascular medicines in India. Leena’s grandfather, the late Vithal Gandhi, started USV in 1961, in partnership with Revlon. USV earns around 80 per cent of its revenue from the domestic market.

The fourth on Kotak Wealth Hurun list is Nilima Motaparti. Her fortunes are worth Rs 18,620 crore. Nilima is the Director (Commercial) of Divi’s Laboratories. The pharma company offers generic compounds, nutraceutical ingredients and custom synthesis of APIs and Intermediates for global companies.

Nilima joined Divi’s Laboratories as a Chief Controller (Commercial) in 2012.

Radha Vembu, sister of Zoho founder Sridhar, ranks fifth on the Kotak Wealth Hurun. The report estimates her wealth to be Rs 11,590 crore. After graduating from IIT-Madras, Radha joined Zoho, founded by her older brother Sridhar in 1997.

Jayshree Ullal ranks sixth on the Kotak Wealth Hurun list with a networth of Rs 10,220 crore. She is the richest professional manager on the list. London-born and raised in Delhi, Jayshree is the CEO of the fastest-growing cloud-networking company, Arista Networks, which is currently valued at $16 billion under her leadership. Jayshree was earlier a Senior Vice President at Cisco.

Renu Munjal, the wife of the late Raman Munjal, has a networth of Rs 8,690 crore. She is a former Executive Director of Hero MotoCorp and the current Managing Director of Hero FinCorp.

Malika Chirayu Amin, who is the Managing Director & Chief Executive Officer of Alembic, is the seventh richest woman in India at Rs 7,570 crore. She has been with the company since 1988.

With a wealth of Rs 5,850 crore, Anu Aga & Meher Pudumjee of Thermax rank ninth on the Kotak Wealth Hurun – Leading Wealthy Women List 2020. In 2018, Anu retired from Thermax board after crossing the age of 76. Meher, a chemical engineer from Imperial College of Science and Technology, was appointed as Thermax Chairperson in 2003.

Founder and CEO of Nykaa, Falguni Nayar & family, ranks tenth on the Kotak Wealth Hurun list with a wealth of Rs 5,410 crore. In April 2020, Nykaa entered the unicorn club as the Mumbai-based beauty retailer was valued at $1.2 billion.

With 32 individuals, Mumbai tops the list followed by New Delhi (20) and Hyderabad (10). A total of 19 women in the rich list are under the age of 40. The 32-year-old Kanika Tekriwal of JetSetGo, Anjana Reddy of Universal Sportsbiz and Vidhi Shanghvi of Sun Pharma are the youngest on the list. Apollo Hospitals Enterprise produced the most number of women leaders on the list, followed by Godrej Group which contributed three entrants on the list.

Data showed that 24 per cent of the women in India are in the workforce compared to the global standard of 48 per cent. Another research by BCG suggests that if female entrepreneurs receive the same funding as their male peers, the global economy would expand by a whopping $5 trillion dollar.

“It is rather obvious that only if gender parity is achieved, can India timely register the $5 trillion GDP mark,” said Anas Rahman Junaid, MD and Chief Researcher at Hurun India.

A McKinsey survey earlier this year suggested that American women control more than 10 trillion dollar in US household financial assets. And this amount is likely to triple within a decade.