Reliance emerges as biggest wealth creator over last 25 years

TIL Desk/Business/Mumbai/ What began as a yarn trading business has emerged as the biggest wealth creator over the last 25 years, growing along the way to enter sectors ranging from oil to telecommunications and retail. Reliance Industries accounted for Rs 6.3 trillion in wealth created since 1995, according to Motilal Oswal Financial Services’ annual wealth creation study, the 25th edition of which was released on Tuesday.

The closest rival was Hindustan Unilever which was at Rs 4.9 trillion. Much of the gains came in the last five years. The study said that it added Rs 4.4 trillion in wealth between 2015 and 2020. Companies like Infosys and Bajaj Finance also figured in the list of fastest and biggest wealth creators.

“Over 1995 to 2020, the Sensex rose from 3,200 levels in March 1995 to 29,500 by March 2020 i.e. a compound annual growth rate (CAGR) of 9.2…(per cent). “Coincidentally, exactly 100 companies delivered returns higher than 9.2…(per cent)… We call these 100 the Fastest Wealth Creators,” it said.