India recorded its strongest equity wealth-creation phase on record, with the top 100 listed companies adding ₹148 lakh crore in market value between 2020 and 2025, according to Motilal Oswal Financial Services’ 30th Annual Wealth Creation Study. The report identifies this period as the start of a prolonged compounding cycle as the economy advances toward a projected $16 lakh crore.
Airtel, BSE and HAL lead wealth creation
Bharti Airtel emerged as the Biggest Wealth Creator, adding ₹7.9 lakh crore, followed by ICICI Bank and SBI.
BSE delivered the fastest gains, posting a 124% total return CAGR, the highest in the study.
Hindustan Aeronautics Ltd. (HAL) outperformed the market in each of the five years, making it the Most Consistent and Best All-round Wealth Creator.
Wealth creation d

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