Dividend Income FY24: Promoters and Top Business Families Beat Government

Dividends and proceeds from share buybacks by individual promoters and leading business families in India continued to exceed the income of the Indian government from listed central public sector undertakings (CPSUs) or the income of multinationals from their listed subsidiaries and associates in India in 2023-24.

Individual promoters and promoter families collectively earned about Rs 1.064 trillion from dividends and share buyback proceeds of their listed companies in FY2024, up just 0.2 percent from a year ago.

However, the income of the families of the initiators in the 2024 financial year was almost 28 percent higher than the government-estimated dividends of approximately