Not just drugs, Alkem Labs churns out crorepatis in heaps as well

NEW DELHI: Alkem Laboratories may dwarf against its larger peers in terms of annual sales or market capitalisation, but there is one area where it stands atop everyone on Dalal Street, in churning out crorepatis.

The IIFL Wealth Hurun India Rich List 2021, released on Thursday, showed as many as nine individuals on the list sourced their wealth from Alkem Laboratories. The number was eight for Asian Paints and seven for Pidilite Industries.

As of June quarter end, Sarandhar Singh was the biggest promoter shareholder of the company and owned 21.08 per cent. His stake was worth Rs 9,946 crore as of Thursday.


Dhananjay Kumar Singh, Basudeo Narain Singh, Mritunjay Kumar Singh, Jayanti Sinha, Seema Singh, Archana Singh, Aniruddha Singh, Divya Singh, Divya Singh and Shrey Shree Anant Singh are among the other shareholders who owned over 1 per cent in the company. As per current market valuation, one per cent stake in the company is worth Rs 471 crore.

Asian Paints counts Abhay Arvind Vakil, Amar Arvind Vakil, Satyen Ashwin Gandhi, Hiren Ashwin Gandhi, Malav A Dani and Hasit A Dani among its biggest shareholders. Similarly, Pidilite Industries, makers of Fevicol, has as many as 40 individual promoters, together holding over 70 per cent in the company.

Among other companies, Amalgamations had six shareholders on the IIFL Wealth Hurun list, newly listed GR Infraproject also had six, while Rajesh Exports, Godrej, Dabur India, Colourtex Industries and Infosys had five each.