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Press Trust of India Posted: Oct 27, 2008 at 2339 hrs IST

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Related Stories: Steel makers end year amid gloom despite dream start Ministry, miners oppose MMTC move to route all iron-ore trade through it Global crude steel production dips 19 pc Tata Steel allowed to bid again for Liberia project Ministry wants 10 pc CVD on long steel products back Steel prices have bottomed: Tata

Mumbai, October 26: The focus is always on who is the richest among Ambani brothers and Lakshmi Mittal but Mukesh and Anil are ahead of the India-born steel tycoon in terms of losses suffered due to the global stock meltdown. But in terms of loss in percentage terms, realtors Ramesh Chandra of Unitech and K P Singh of DLF are among the top losers, an analysis of group market capitalisation and shareholding value of the 10 richest Indians reveals.

Since the market peaked in January, the groups led by 10 richest Indians have collectively lost over $400 billion (Rs 20,00,000 crore), with promoters accounting for more than the half. The groups led by the 10 richest Indians have seen an erosion of 50-93 per cent in their market values since January 10.

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