Mumbai: Reliance Group has emerged as India's largest wealth creator in the private sector for the financial year 2003-2004. The Group has increased its shareholders wealth in terms of market capitalisation by a whopping Rs 50,606 crore.

Its market capitalisation has increased from Rs 44,362 crore in March 31st 2003 to Rs 94,968 crore as on March 31st 2004.

Tata Group and the Bharti Group are the second and third amongst the 'Largest Wealth Creators' in the private sector. The Tata Group's market capitalisation increased by Rs 36,964 crore while telecom major Bharti Group rose by Rs 23,463 crore.

The 'Top 10' Largest Wealth Creators' - Groups for the Year 2003-04 added market capitalisation worth Rs 1,80,391 crore.

Amongst the 'Individual Companies Category', Reliance Industries Limited (RIL) emerged as the 'Largest Wealth Creator' amongst the private sector companies. During the 12 month period ended March 31st 2004, RIL - the flagship company of the Reliance Group, has witnessed its market capitalisation surge by Rs 36,529 crore.

Its market capitalisation has increased from Rs 38,603 crore as on March 31st 2003 to Rs 75,132 crore on March 31st 2004. At the second position, Bharti Tele-Ventures Limited has added wealth in terms of market capitalisation to the tune of Rs 23,417 crore followed by Tata Motors at the third slot at Rs 11,866 crore. The 'Top 10' Largest Wealth Creators' - Individual Companies Category added market capitalisation worth Rs 1,35,915 crore.

In the 'Top 10' Individual Companies Category, two Reliance Group companies (Reliance Industries Limited ranked first and Reliance Energy Limited ranked fourth) and two Tata Group companies (Tata Motors ranked third and Tata Iron and Steel Company Limited ranked eighth) emerged in the 'Largest Wealth Creators List'.