Nadar family leads promoter dividend income list in FY25, surpasses Azim Premji

Founder of HCL Shiv Nadar. (File photo)

The founder of HCL Shiv Nadar has surpassed Wipro's Azim Premji and Vedanta's Anil Agarwal to become the country's top promoter on the basis of dividend from listed companies.

According to a report by Business Standard, the Nadar family earned Rs 9,906 crore from HCL Technologies in FY25, up from Rs 8,585 crore a year earlier. The Nadar family owns 60.82 per cent in HCL Technologies and paid dividend worth Rs 16,290 crore in FY25. The family’s other listed company, HCL, did not declare equity dividend in either FY24 or FY25.

The Azim Premji family's dividend income from Wipro halved to Rs 4,570 crore in FY25, compared to Rs 9,128 crore in FY24, primarily due to the absence of a share buyback this year. In FY24, Wipro had conducted a Rs 12,000 crore buyback.

The Azim Premji family holds approximately 72.7 per cent of Wipro through a mix of unlisted holding firms and personal shareholdings.

This analysis, according to a report by Business Standard, factors in dividend income and buyback proceeds received by individual promoters and their families from listed entities. Only the dividend income of unlisted holding and investment companies and individual promoter shareholders has been considered.

The analysis also excludes government-owned entities, Tata Group firms, those owned by institutions such as Larsen & Toubro, HDFC Bank and ICICI Bank and listed subsidiaries and associated and global multinationals.