TCS, ITC biggest wealth creators during 2010-15: Study

Mumbai: Software major Tata Consultancy Services (TCS) emerged as the biggest wealth creator in the past five years.

According to wealth creation study conducted by financial services company Motilal Oswal, TCS created wealth worth Rs 3,458 billion for the period 2010-15, followed by ITC (Rs 1,565 billion) and HDFC Bank (Rs 1,540 billion).

Wealth creation is the process by which a company enhances the market value of the capital entrusted to it by its shareholders, the study said.

"TCS has emerged as the biggest wealth creator for the period 2010-15, retaining the top spot it held even in the previous two study periods (2009-14 and 2008-13)," the study said.

Other companies in the top-10 list are Sun Pharma (4th), Hindustan Unilever (5th), HCL Tech (6th), HDFC (7th), Tata Motors (8th), Infosys (9th) and Axis Bank (10th).

Drugmaker Ajanta Pharma emerged as the "fastest" wealth creator for 2010-15, while Titan Company was "the most consistent" for generating wealth for its shareholders.

Sector-wise, consumer and retail ranked as India's biggest wealth creating industry over 2010-2015 followed by financials and technology sectors.

The study ranked top 100 companies in terms of wealth creation. It considered wealth created as the difference in market capitalisation over a period of last five years, after adjusting for equity dilution.

Consumer and retail ranked as India's biggest wealth creating industry over 2010-2015 followed by financials and technology sectors.