HDFC Bank, Indiabulls and Titan have emerged biggest, fastest and most consistent wealth creators, respectively, during 2013-2018, says a Motilal Oswal wealth study
9% – share of PSU firms in wealth creation in 2018 from 51% in 2005
Rs 4.9 L cr – wealth destroyed during 2013-18
Rs 44.9 lakh cr – top 100 wealth creators added during 2013-18
23% – Wealth creation CAGR during 2013-18, but Sensex CAGR is 12%
The theme of wealth destruction is banking crisis, led by PSU banks and cyclical downturn, led by metals/mining sector
Financials sector is the largest wealth creating sector between 2013 and 2018