Reliance biggest wealth creator in FY09, Unitech fastest | business | Hindustan Times
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Reliance biggest wealth creator in FY09, Unitech fastest

business Updated: Dec 17, 2009 19:33 IST

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The country's largest company Reliance Industries has emerged as the biggest wealth creator in the 2009 fiscal, generating Rs 1,51,400 crore, which accounted for over 15 per cent of the total wealth created during the year in the country, a study has said.

Leading brokerage firm Motilal Oswal, in a study released here today, said oil and gas has been the biggest wealth creator during the past six years--the first three years led by state-run oil and gas major ONGC and the next three by RIL.

"Reliance Industries has emerged as the biggest wealth creator for the third time in a row. It has created Rs 1,514 billion worth of wealth, contributing 15.6 per cent of total wealth created in FY09," the study titled '14th Motilal Oswal Wealth Creation Study' said.

The Mukesh Ambani-led petrochemicals and energy major is the largest contributor of wealth for the third time in a row, while real estate company Unitech was the fastest wealth creator since 2004, the study said, adding Unitech's five-year stock price had a staggering CAGR of 122 per cent.

Apart from RIL, home-loan lender HDFC, pharma company Sun Pharma, auto major Hero Honda and software exporter Infosys have emerged among the top 100 wealth creators in the past one decade.

"HDFC is ranked as the most consistent wealth creator by virtue of its 10-year price CAGR (compound annual growth rate) being the highest," the study said.