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Vodafone Idea, Yes Bank, Coal India among top wealth destroyers in the last 5 years

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  1. Vodafone Idea emerged as the biggest wealth destroyer, losing around Rs 1.39 lakh crore in five years.
  2. YES Bank, with a CAGR decline of 45%, incurred losses of around Rs 58,900 crore, securing the second position among wealth destroyers.
  3. Total wealth destroyed during 2018-2023 amounted to Rs 17 trillion, which is 25% of the total wealth created by the top 100 companies.
  4. Six out of the top ten wealth-destroying companies belong to the financial sector, including insurance companies, while financials, despite being the top wealth-destroying sector, also rank as the third-largest wealth-creating sector.
  5. Lloyds Metals emerged as the fastest wealth creator with a CAGR of 79% from 2018 to 2023, showcasing exceptional growth compared to the Sensex’s 12%. An investment of Rs 10 lakh in the top ten fastest wealth creators in 2018 would have grown to Rs 1 crore by 2023, indicating a CAGR of 59%.
SourceTOI

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