– Networth Marked At Rs. 32,400 Cr! –

 

With a whopping networth of Rs 32,400 crore, Smita Crishna-Godrej, the third-generation heir of the Godrej clan, has been pegged as India’s richest woman, as per the ‘IIFL Wealth Hurun India Rich List’. She holds a one-fifth stake in the family assets of the Godrej family, which controls the $4.7 billion (revenue) Godrej Group, a 123-year-old consumer-goods giant.

The IIFL Wealth Hurun India Rich List is said to be the barometer of the Indian economy, showing which industries have grown, innovated or lost out. It aims at promoting entrepreneurship through its lists and research, highlighting the stories of wealth creators which reflect the narrative of India’s modern businesses.

Smita Crishna-Godrej came into the spotlight when she purchased the bungalow of late atomic physicist Dr Homi J Bhabha for Rs 371 crore in 2014. Her brother, Jamshyd, runs the consumer goods firm, Godrej & Boyce. Her husband Vijay Crishna, a well-known theatre actor, and daughter Nyrika Holkar, work in the group. She was ranked 1,135 in Forbes’ ‘The Richest in 2020’ list.

Despite the economic challenges posed by the pandemic, numerous IIFL Wealth Hurun India Rich Listers’ wealth has grown twice as fast as the net market capitalization growth of all the companies listed in the BSE. The combined wealth of India’s richest is a staggering $ 823 billion, equating to a third of India’s GDP and more than the combined GDP of Pakistan, Bangladesh, Sri Lanka, Afghanistan and Bhutan!

As per Hurun India Rich List 2020, Mukesh Ambani is the richest Indian with a net worth of Rs. 6,58,400 crores. The list identified 828 individuals, including 40 women, with at least Rs 1,000 crore, spread across 111 cities, up from 94 last year. As per Hurun India, 90% businesses in the list are family-run, indicating the success of family-run entrepreneurship in India. With 217 individuals, Mumbai topped the list, followed by New Delhi (128) and Bengaluru (67).