Savitri Devi's Jindal Group surpassed Wipro's Net Worth

By: WE Staff | Wednesday, 13 December 2023

According to a recent report, software tycoon Azim Premji, founder chairman of Wipro, has been surpassed in net worth by Savitri Jindal, chairperson emeritus of the power and steel conglomerate OP Jindal Group.

Savitri Jindal is the richest Indian woman, according to Forbes India's 2023 Rich List, with a net worth of $24 billion (Rs 199,656 crore). On the list of the 100 billionaires in India, she is one of nine female billionaires.

Over the past two years, Savitri Devi Jindal's company has experienced a significant increase of approximately 87 per cent. On the other hand, during the same period, Azim Premji's net worth decreased by 42 per cent. In India, Azim Premji ranked third richest person, behind Gautam Adani and Mukesh Ambani. But over the past two years, Wipro's share value has drastically decreased—a $24 billion decline as of Monday.

Savitri Devi Jindal, a prominent figure in India's steel, cement, and infrastructure sectors, is currently ruling the top 10 richest tycoons in India while Azim Premji holds the sixth position with a stake in Wipro valued at around $16.5 billion.

JSW Energy with 59 per cent, Jindal Steel & Power with 24 per cent, and JSW Steel with 10 per cent, all have witnessed significant growth in 2023. Jindal Steel & Power's stock surged by 5 per cent, reaching a 52-week high of Rs 728.95 on the NSE, while Shapoor Pallonji Mistry's Tata Group stock ranking also increased.

Shapoor Pallonji Mistry and Shiv Nadar, founder of HCL Technologies, are among the top 10 richest tycoons list, followed by Lakshmi Mittal, Radhakishan Damani, Kumar Birla, and Cyrus Poonawalla.