Kiran Mazumdar Shaw, Falguni Nayar, Roshni Nadar Malhotra, Vandana Lal, and Renu Munjal are among the most powerful and wealthy women in India.

On Wednesday, Kotak Private Banking and Hurun India released the ‘Kotak Private Banking Hurun – Leading Wealthy Women List,’ a compilation of India’s wealthiest women.

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Here’s a list of five wealthiest women in India:

1) Roshni Nadar Malhotra – Rs 84,330 crores

Malhotra is the CEO of HCL Corporation, the holding company for all group entities, as well as the chairperson of HCL Technologies, a publicly traded company. She is in charge of all strategic decisions for the $9.9 billion technology firm.

HCL, founded in 1976 by her father, Shiv Nadar, became a key player in India’s rise as an IT hub.  Malhotra succeeded her father as chairman of HCL in July 2020.

She is a trustee of the Shiv Nadar Foundation, which is dedicated to education and has founded some of India’s most prestigious colleges and schools.

2) Falguni Nayar – Rs 57,520 crores

Falguni Nayar, a former investment banker, quit her job in 2012 to launch Nykaa, a beauty product retailer.

TPG Growth, a private equity firm based in the United States, as well as billionaires Harsh Mariwala and Harry Banga, are among Nykaa’s key investors. Nykaa, which translates to “one in the spotlight,” currently sells over 4,000 brands online and in over 100 stores.

Nykaa went public in November 2021, making Nayar India’s richest self-made female entrepreneur in the process. Her twin daughter and son are both employed in the industry.

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3) Kiran Mazumdar-Shaw –  Rs 29,030 crores

Mazumdar-Shaw, one of India’s wealthiest self-made women, established India’s largest publicly traded biopharmaceutical company by revenue in 1978. The company has successfully entered the lucrative US market. In Malaysia‘s Johor region, the company operates Asia‘s largest insulin factory.

Biocon Biologics agreed to buy Viatris’ biosimilars business for $3.3 billion in February 2022.

4) Nilima Motaparti – Rs 28,180 crores

Nilima Motaparti is the director onboard at Divi’s Laboratories Ltd, a pharmaceutical company and the world’s largest API manufacturing facility headquartered in Hyderabad. She holds graduate degrees from the Gitam Institute of Foreign Trade and the University of Glasgow.

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5) Radha Vembu – Rs 26,620 crores

Radha Vembu’s fortune stems from her ownership of Zoho Corp, a privately held company that provides cloud-based business software. Her older brother Sridhar Vembu cofounded the company, which was originally known as AdventNet, in 1996.

Vembu, a graduate of the prestigious IIT Madras, works as a product manager for the email service Zoho Mail.

Zoho Remotely, a remote work tool kit, was launched in 2020 to assist businesses in transitioning to work-from-home.

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According to the report, Falguni Nayar was the biggest gainer in terms of percentage growth. She is also the richest self-made woman, followed by Kiran Mazumdar-Shaw, Radha Vembu, Neha Narkhede, Neerja Sethi of Syntel, Indra Nooyi of PepsiCo, Divya Gokulnath of Byju, Ruchi Kalra of OfBusiness, investor Ambiga Subramanian, and Vidhya Vinod of Study World Education.

Divya Gokulnath is also the richest female startup entrepreneur, followed by Ruchi Kalra, Neha Bansal of Lenskart, Smita Deorah of LEAD School, and Saumya Singh Rathore of WinZO. In 2022, LEAD School will become the first edtech unicorn.

The report’s 2021 edition exclusively highlights self-made women who have broken the corporate glass ceiling. As opposed to Rs 100 crore in 2020, the cut-off for the list is Rs 300 crore. The average wealth of the women this year is Rs 4,170 crore, up from Rs 2,725 crore in the previous survey.