Top 10 biggest wealth creating stocks: Reliance Industries tops list; Adani Green emerges as fastest wealth creator, says MOFSL report

Mukesh Ambani-led Reliance Industries has emerged as the biggest wealth creator stock over 2019-24, according to a study report by Motilal Oswal Financial Services. According to the 29th Annual Wealth Creation Study of Motilal Oswal Reliance Industries has maintained its position as the biggest wealth creator consecutively for the sixth time.
Reliance Industries has secured the premier position in wealth creation during 2019-24, marking its eleventh achievement as the top performer across seventeen five-year assessment periods. TCS and Infosys continuously remain among the top 10 wealth creators, the study says.
Gautam Adani-led Adani Group’s company Adani Green has emerged as the fastest wealth creator over 2019-2024. Adani Enterprises and Adani Power are also in the list of the top 10 fastest wealth creators. Additionally, Adani Enterprises has distinguished itself by achieving the status of Best All-round Wealth Creator.


The ranking methodology by Motilal Oswal involves listing the top 100 companies in descending sequence based on absolute wealth created, provided their stock performance surpasses the benchmark Nifty 50 Total Return Index. These companies are additionally ranked based on speed, calculated as price CAGR for the study duration.
The 2019-24 period demonstrates a notable shift, with the top 10 contributors accounting for 37% of total wealth created, marking the lowest proportion in two decades. This indicates a broader distribution of wealth generation across the market, the study says.
This trend is further substantiated by the strong performance of mid and small-cap segments, with Nifty Midcap 100 achieving 21% CAGR and Nifty Small Cap 100 registering 18% CAGR during this period.