Adani Transmission to Deepak Nitrate, here are the fastest wealth creators

Dec 10, 2022

By: Sourabh Jain

Top 10 fastest wealth creators

These are the top 10 wealth creators in India in the last five years according to Motilal Oswal’s Annual Wealth Creation Study.

Credit: Canva

What is CAGR?

Compounded annual growth rate CAGR is the annualized average rate of revenue growth between two or more years. Here, we look at the CAGR from 2017 to 2022.

Credit: Canva

Adani Transmission

Adani Transmission has topped the list with a CAGR of 106 percent. The company’s market cap has increased from ₹7,100 crore in 2017 to ₹2.6 lakh crore in 2022.

Credit: Adani-Transmission

Tanla Platforms

The next company on the list is Tanla Platforms, with a CAGR of 100 percent. The company’s market cap has increased from ₹500 crore in 2017 to ₹20,700 crore in 2022.

Credit: Tanla-Platforms

Adani Enterprises

Another Adani company, Adani Enterprises has occupied the third spot with a CAGR of 97 percent. The company’s market cap has increased from ₹11,900 crore in 2017 to ₹2.21 lakh crore in 2022.

Credit: Adani-Enterprises

Brightcom Group

Brightcom Group with a CAGR of 92 percent is fourth on the list of fastest wealth creators. The company’s market cap has increased from ₹400 crore in 2017 to ₹19,700 crore in 2022.

Credit: Brightcom-Group

Tata Tele. (Mah.)

Tata Tele. (Mah.) is fifth on the list with a CAGR of 87 percent. Its market cap has increased from ₹1,400 crore in 2017 to ₹32,600 crore in 2022.

Credit: Canva

Deepak Nitrate

Chemical manufacturer Deepak Nitrate takes the sixth spot with a CAGR of 76 percent. The company’s market cap increased from ₹1,700 crore to ₹30,600 in the last five years.

Credit: Deepak-Nitrite

Alkyl Amines

The next company on the list is Alkyl Amines with a CAGR of 74 percent. From 2017 to 2022, the company’s market cap increased from ₹900 crore to ₹14,600 crore.

Credit: Alkyl-Amines

Tata Elxsi

Tata Elxsi occupies the eighth spot on the list with a CAGR of 65 percent. The company’s market cap increased from ₹4,600 crore in 2017 to ₹55,100 crore in 2022.

Credit: Tata-Elxsi

Coforge

Coforge is ninth on the list with a CAGR of 59 percent. Its market cap has increased from ₹2,700 crore in 2017 to ₹27,100 crore in 2022.

Credit: Coforge

Mindtree

The final spot is occupied by Mindtree with a CAGR of 57 percent. The company’s market cap has increased from ₹7,600 crore in 2017 to ₹70,900 crore.

Credit: Mindtree

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