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Saturday, December 2, 2023

Top 15 Richest People in India

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Did you know India is the 5th richest country globally and home to some of the richest people on earth?

From prominent business entrepreneurs to multimillion-dollar industrialists, here’s a list of the top 15 richest people in Indian this year.

15. Azim Premji

Azim Premji

Azim Premji is the chairman of the software company Wipro Limited. According to Forbs magazine, he is currently at 15th richest person in India, with a total net worth of 7.9 billion dollars. However, this figure has increased to about $8.6 billion in March 2021.

Azim Premji studied at Stanford University but had to quit school to take over his father cooking oil business following the father’s death in 1966. He then ventured into the software business, where he began creating a fortune for himself. At 75years old, Azim Premji is considered one of the richest businessmen of India.

In 2019, Azim Premji was being replaced by his son Rishad Premji as executive chairman at Wipro lImited.

14. Sunil Mittal

Sunil Mittal
(AP Photo/Michel Euler)

Sunil Mittal is one of India’s richest Telecom tycoons and owner of Airtel Telecom Company. He holds an estimated net worth of $8.2 billion and is sometimes referred to as the king of telecom.

Sunil Mittal started his business career by manufacturing bicycle parts In 1976.

As the communication revolution began, he decided to venture into telecom and set the flag of success. He also started Airtel Payment Bank and owned other finance banks.

13. Kumar Birla

Kumar Birla is the chairman of Aditya Birla Group, and he’s often referred to as India’s Commodities king. His total assets worth $8.5 billion in 2020, making him the 13th richest person in India.

Kumar Birla is the son of Aditya Birla. When Aditya Birla died in 1995, Kumar Birla took over the company at the age of 28. The Aditya Birla Group grew under the leadership of Kumar Birla and generated a revenue of about $48.3 billion.

The company is involved in dozens of businesses, including cement, telecom, textile, insurance.

12. The Burman family

Burman family

The Burman family owns the Dabur Company and has a total net worth of $9.2 billion. S.K. founded Dabur Company as an Ayurvedic practitioner by profession.

Currently, the Dabur Company is headed by Amit Burman. The Burman family business currently ventures into oil, soap, shampoo, fruit juice, Hajmola, and restaurants, and healthcare products and insurance.

11. Dilip Shanghvi

Dilip Shanghvi

Dilip Shanghvi is the owner of Sun Pharma pharmaceutical company and is number 12th richest Indian with a total net worth of $9.5 billion. He started his company with $200 from his father and started with only two psychiatric drugs.

Over the years, Sun Pharma pharmaceutical company has grown into a multibillion-dollar industry and manufactures various medicines distributed worldwide.

Sun Pharma is considered to be India’s largest and most valuable pharma company.

10. Lakshmi Mittal

Lakshmi Mittal

Lakshmi Mittal is the Chairman of ArcelorMittal. When Forbes released the list of the world’s richest people in 2020, Lakshmi Mittal’s total wealth was 10.3 billion dollars. Laxmi Mittal has now reached $16.2 billion in March 2021. Lakshmi Mittal’s company produces ArcelorMittal Steel.

ArcelorMittal is the world’s Largest Steel and Mining Company in terms of production. 70-year-old Lakshmi Mittal stepped down as CEO of the company in January 2021 and appointed his son Aditya Mittal to the post.

9. The Godrej Family

Godrej Family

Godrej Industries has a net worth of $11 billion with Adi Godrej as the new CEO. In 1897, Ardeshir Godrej, who was a lawyer, founded the Godrej Company. This business grew steadily over time and now produces almost all household products.

Nisaba Godrej, the daughter of Adi Godrej, is the company’s chairman. Also, The family owns another firm known as Godrej Properties. Pirojsh Godrej runs this associate firm.This family is one of India’s richest.

8. Uday Kotak

Uday Kotak

Uday Kotak is the owner of Kotak Mahindra Bank and has a total net worth of $11.3 billion. He’s a family used to run a trading company. However, Uday Kotak opened a small finance company in 1985, furthering his family business.

In 2003, Uday Kotak turned his firm into Kotak Mahindra Bank, one of India’s four largest private banks today. Uday Kotak is number eight among the richest people in India.

7. Pallonji Mistry

Pallonji Mistry

Pallonji Mistry is the owner of Shapoorji Pallonji Group, which is the world’s largest company in the field of construction. Palonji Mistry is currently 92 years old. In contrast, their net worth is currently $11.4 billion.

The Mistry family owns an 18.4 percent stake in the Tata group, along with the world’s largest construction company.

Pallonji Mistry is a father of four children, his first son Shapoor, is the owner of India’s largest water purifier company, S. P group. At the same time, his youngest son Cyrus Mistry is the head of the Tata group.

6. Cyrus Poonawalla

Cyrus Poonawalla

Cyrus Poonawalla founded the Serum Institute of India in 1966. This company mainly manufactures vaccines and is the largest vaccine manufacturer in the world in terms of production. Cyrus Poonawalla’s wealth is estimated at $ 11.5 billion.

Cyrus Poonawala is currently 79 years old and has his son Adar Poonawalla looking after the company’s work. Presently, the Serum Institute of India is increasing its networth at double the speed by making corona vaccine.

5. The Hinduja Brothers

Hinduja Brothers

According to the Forbes list of India’s richest people in 2020, the Hinduja Brothers take their place at number five. These Brothers runs a variety of companies called Hinduja Group.

These companies do different types of business in many countries around the world.

The names of the four brothers included in the Hinduja Brothers are Srichand, Gopichand Prakash, and Ashoka. The total wealth of the Hinduja Brothers was $12.8 billion in 2020. Hinduja Group is involved in trucks, cable T.V., lubricants, real estate, and many other types of business. Hinduja Group also owns a bank in some countries.

4. Radhakishan Damani

Radhakishan Damani

Radhakishan Damani, popularly known as the Retail King of India, has a net worth of $15.4 billion. He ventured into the retail business in 2002 and opened his first DMart store, but now has about 214 DMart Stores across the country.

Radhakishan Damani has now ventured into many other businesses and has invested in many big companies. Also, Radhakishan Damani owns the 156-room Radisson Blu Resort located in Mumbai.

3. Shiv Nadar

Shiv Nadar

Shiv Nadar is the owner of the HCL company. HCL was founded in 1976 and worked primarily as a software provider. The company was initially created to produce calculators and microprocessors but has grown to become a significant brand in the I.T. field.

Today HCL serves 49 countries around the world and employs about 150,000 people. In July 2020, Shiv Nadar handed over his company’s chairmanship to his daughter Roshni Nadar Malhotra. Shiv Nadar had total assets of $ 20.4 billion.

2. Gautam Adani

Gautam Adani

Gautam Adani is the owner of the Adani Group, which Initially operated a port in India. Gradually, he has acquired several airports while expanding his business. He also owns a 74 percent stake in India’s second busiest airport, Mumbai Airport.

Gautam Adani owns dozens of businesses, including gas, coal, electricity, and aviation. In 2020, Gautam Adani had an estimated networth of $25.2 billion.

1. Mukesh Ambani

Mukesh Ambani

Mukesh Ambani is the owner of Reliance Industries and the richest person in India.  He is a business Tycoon in the gas, petroleum, telecom as well as retail business.

Mukesh Ambani saw a tremendous increase in earnings after his partnership with Jio in the telecom sector.

For the past few years, Mukesh Ambani has maintained the number one spot on India’s rich list with less competition from other business people.

During the lockdown in 2020, Mukesh Ambani’s networth increased by 20 billion dollars after selling his shares. Reliance company plans to venture into the banking sector. They also own Mumbai Indians as well as many other esports teams.

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Emmanuella Oluwafemi
Emmanuella Oluwafemihttps://freelancespace.org
Emmanuella Oluwafemi is a sociologist, anthropologist, fashion model, and senior writer at Krafty Sprouts Media, LLC. She is also the founder of https://freelancespace.org
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