Azim Premji and Shiv Nadar lose $20 billion of their personal wealth
This is due to the meltdown in IT companies around the world
Azim Premji’s wealth declined by over $12 billion
Wipro’s shares have also dipped by over a third
Shiv Nadar lost about $7 billion since the beginning of the year
HCL Technologies’ market capitalisation declined by over 21%
Other Indian tech giants TCS and Infosys have also suffered
TCS lost 10% of its value while Infosys lost 20%
Analysts predict the trend to go on in FY23
