Mumbai: Mukesh Ambani, the richest Indian and head of market leader Reliance Industries Ltd, was not the leading wealth creator for small investors in 2007 but was pipped for the top spot by younger brother Anil.
A comparison of cumulative share price gains for the listed companies from the two groups puts the surge for Mukesh Ambani group at 153 per cent, as against about 232 per cent for the Anil Dhirubhai Ambani Group (ADAG).
This is despite the Mukesh Ambani group recording an overall market capitalisation gain of close to Rs 3,00,000 crore, which is higher than ADAG's total market value.
Among the groups led by India's five richest, Mukesh Ambani group added Rs 2.99 trillion, Anil Ambani group added about Rs 1.66 trillion, K P Singh-led realty giant DLF saw a gain of about Rs 68,500 crore, Sunil Mittal-led Bharti Airtel added close to Rs 65,000 crore.
On the other hand, Azim Premji-led Wipro lost about Rs 8,800 crore as it battled the adverse impact of the rising rupee against the US dollar.
The Mukesh Ambani group currently has a cumulative market cap of about Rs 5.05 trillion, as against Rs 2.91 trillion of ADAG group. Bharti Airtel, DLF and Wipro have a market cap of about Rs 1.84 trillion, Rs 1.65 trillion and Rs 78,178 crore respectively.
However, the Mukesh Ambani group is at the second spot after ADAG in terms of the collective share price gain for the companies belonging to the individual groups. It was followed by DLF with a 85 per cent gain and Bharti Airtel with a surge of 55 per cent. Wipro lost 12 per cent.
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