Dividends, share buybacks lift India's top promoters' income in FY22

The country's top 50 promoter families earned Rs 709.4 crore on average from their companies in FY22, while the median income of these promoters was Rs 123.2 crore in the last fiscal

India’s top promoters and business families saw a big jump in their income from equity dividends and share buybacks in FY22 in line with a sharp jump in corporate earnings.
 

Their income from dividends and share buybacks was up a whopping 50.6 per cent year-on-year in FY22 to around Rs 37,000 crore, as against a 12.6 per cent increase seen in FY21.

In comparison, India’s per capita income is estimated to grow by 16.7 per cent in FY22 after contracting by 4 per cent in FY21. This has widened the income gap between an average Indian household and the country’s top