Cash-rich promoters: Tata Sons miles ahead
Business Standard|September 17, 2024
Premji sees over 2,100% jump in earnings from dividends, buybacks
KRISHNA KANT

Tata Sons continued to dominate as the country's most cash-rich private promoter in sector 2023-24, maintaining a significant lead over its peers.

In FY24, the Tata group holding company earned about ₹36,500 crore from dividends and share buybacks, a 7.5 per cent increase from ₹27,800 crore in FY23. Azim Premji of Wipro followed with earnings of nearly ₹9,100 crore through dividends and share buybacks in FY24-nearly 23 times the ₹400 crore mopup in the previous year. The Shiv Nadar family of HCL Technologies stood third, amassing close to ₹8,600 crore in 2023-24.

Other prominent promoters in the top 10 included Anil Agarwal of Vedanta (₹6,800 crore), Infosys promoters (₹3,745 crore), Mukesh Ambani (₹3,322 crore), the Rahul Bajaj family (1,911 crore), the Hindujas (₹1,800 Dilip crore), Shanghvi of Sun Pharma (₹1,765 crore), and the promoters of Asian ΤΑΙ Paints (₹1,681 crore).

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