top 10 rich people in india

September 30, 2020

IIFL Wealth Hurun India Rich List 2020: Here is a look at some interesting facts

Rupee drops 14 Paise — Reliance Industries (RIL) Chairman Mukesh Ambani has topped the list of richest Indians, according to the IIFL Wealth Hurun India Rich List 2020. As per the latest list, the number of Indians having a net worth of more than Rs 1,000 crore has fallen to 828 this year from 953 in 2019. The combined wealth of the people on the list is around $821 billion — 20 percent of India’s GDP. Here are some interesting details that emerged from the list.

Mukesh Ambani retained the top spot for the ninth consecutive year. The RIL chairman, who has seen his fortune grow significantly despite the ongoing COVID-19 crisis has a net worth of Rs 6,58,400 crore. Ambani’s wealth increased at the rate of Rs 90 crore per our since lockdown began in March.

The high and mighty have not been immune to the effects of the ongoing economic downturn following the COVID-19 pandemic. The report found that the number of Indians having a net worth of more than Rs 1,000 crore has fallen to 828 this year from 953 in 2019.

paracetamol medicines drugs pharma pharceuticals — While the current economic troubles have adversely affected most sectors, there are some exceptions. As per the report, the pharmaceutical sector witnessed a 21 percent increase in wealth this year.

Radhakrishan Damani, the founder of Avenue Supermarts, made it to the top ten following a 56 percent rise in his wealth after the share price increased by 51 percent.

At 26, Oyo Rooms’ Ritesh Agarwal is the youngest member on the list.

96-year-old Dharam Pal Gulati of MDH is the oldest person on the list

The list is notable for under-representation of women with only 40 individuals finding a place on the top 200 list. Smita Crishna-Godrej secured 28th rank to emerge as the richest women followed by Kiran Mazumdar-Shaw who took the 34th spot and Manju D Gupta occupied the 47th position.

September 29, 2020September 29, 2020

IIFL Wealth Hurun India Rich List 2020: Here is a look at the top 10 richest Indians

CESC — Reliance Industries (RIL) Chairman Mukesh Ambani is the richest Indian, according to the IIFL Wealth Hurun India Rich List. Ambani, secured the top spot for the ninth consecutive time with a net worth of Rs 6,58,400 crore. As per the latest list, the number of Indians with a net worth of more than Rs 1,000 crore has fallen to 828 this year from 953 in 2019. The combined wealth of the people on the list is around $821 billion.

No 10. Cyrus Mistry & Shapoor Pallonji Mistry | Pallonji Group | Net worth: Rs 76,000 crore.

No 9. Dilip Shanghvi | Sun Pharmaceutical Industries | Net worth: Rs 84,000 crore

No 8. Uday Kotak | Kotak Mahindra Bank | Net worth: Rs 87,000 crore.

No 7. Radhakishan Damani and family | Avenue Supermarts | Net worth: Rs 87,200 crore.

No 6. Cyrus Poonawalla | Serum Institute of India | Net worth: Rs 94,300 crore.

No 5. Azim Premji | Wipro | Net worth: Rs 1,14,400 crore.

No 4. Gautam Adani and family | Adani Group | Net worth: Rs 1,40,200 crore.

Shiv Nadar RSS speech — No 3. Shiv Nadar and family | HCL | Net worth: Rs 1,41,700 crore.

No 2. Hinduja brothers | Hinduja Group | Net worth: Rs 1,43,700 crore.

No 1. Mukesh Ambani | Reliance Industries | Net worth: Rs 658,400 crore.

February 26, 2019February 27, 2019

Hurun Global Rich List 2019: Mukesh Ambani breaks into top 10 for the first time

1. Mukesh Ambani: Chairman and managing director of Reliance Industries Ltd. Net Worth: Rs 383,700 crore, Rank: 8th. Mukesh Ambani chairs and runs $60 billion (revenues) oil and gas giant RIL, among India’s most valuable companies. In 2016, RIL sparked a price war in India’s hyper-competitive telecom market with the launch of 4G phone service Jio. Jio has signed on 215 million customers by offering free domestic voice calls, dirt-cheap data services and virtually free smartphones.

2. S P Hinduja: Hinduja Group. Net worth: Rs 150,500 crore. Rank: 40th. The group’s businesses range from trucks and lubricants to banking and cable television. The brothers own valuable real estate in London, including their home Carlton House Terrace and the historic Old War Office building in Whitehall.

3. Azim Premji: Chairman, Wipro Ltd. Net worth: Rs 121,000 crore. Rank: 57th. Premji’s Wipro is India’s third-largest outsourcer. He gave up studies at Stanford University to look after the family’s cooking oil business in 1966 when his father expired, and expanded into the software sector. Wipro has an innovation centre in Silicon Valley, which is focused on developing new technologies and collaborating with startups. Premji’s son Rishad, who heads strategy and sits on the board, also oversees Wipro’s $100 million venture capital fund.

4. Cyrus Poonawala: Founder, Serum Institute of India. Net worth: Rs 89,800 crore. Rank: 100th. Son of a racehorse breeder, Poonawalla founded Serum Institute of India in 1966 and built it into one of the world’s largest vaccine makers. Serum produces 1.5 billion doses annually of a range of vaccines, including for measles, polio and flu. Serum owns Dutch vaccine maker Bilthoven Biologicals and the Czech unit of US firm Nanotherapeutics.

5. Lakshmi Mittal: Chief Executive Officer, ArcelorMittal. Net worth: Rs 87,900 crore. Rank: 112th. Mittal serves as chairman and CEO of ArcelorMittal, the world’s biggest steelmaker. Hailing from a steel clan, he separated from his siblings to start Mittal Steel and then went on to merge the company with France’s Arcelor in 2006. Benefiting from the steel recovery, the company reported a surge in net profit to $4.6 billion in 2017 on revenue of $68.7 billion. ArcelorMittal, along with Italian steel firm Marcegaglia, acquired Italy’s loss-making steel group Ilva for $2.1 billion in June 2017.

6. Uday Kotak: Managing Director, Kotak Mahindra Bank. Net worth: Rs 75,600 crore. Rank: 129th. Spurning his family’s trading business, Kotak started a finance firm in 1985 and then went on to convert it into a bank 2003. His Kotak Mahindra Bank is now among India’s top four banks in the private sector. Since its March 2107 launch, Kotak’s 811 digital banking app, which offers zero-balance accounts, has expanded the customer base to 14.5 million. In September 2018, Kotak was appointed by the government as non-executive chairman of the debt-strapped Infrastructure Leasing & Financial Services.

7. Gautam Adani: Chairman and founder, Adani Group. Net worth: Rs 70,600 crore. Rank: 157th. Ports tycoon Adani controls Mundra Port, India’s largest, in his home state of Gujarat. His $12 billion (revenue) Adani Group’s interests include power generation and transmission, real estate and commodities. Adani’s overseas assets include Australia’s Abbott Point port and the controversial Carmichael coal mine, billed as one of the world’s largest. Adani’s son Karan runs listed firm Adani Ports & SEZ, now the family’s biggest asset. Adani Group has partnered Swedish defence firm Saab to make Gripen fighter jets in India.

8. Dilip Shanghvi, Managing Director, Sun Pharmaceuticals. Net worth: Rs 67,300 crore. Rank: 163rd. Son of a pharma distributor, Shanghvi borrowed $200 from his father to start Sun Pharmaceutical Industries in 1983 to make psychiatric drugs. The company is the world’s fourth largest speciality generics maker and India’s most valuable pharma outfit with March 2017 revenues of $5 billion. Shanghvi grew Sun through a series of shrewd acquisitions, the biggest of which was the purchase of rival Ranbaxy Laboratories for $4 billion in 2014. Sun’s shares fell after the US Food and Drug Administration observed manufacturing lapses at one of its biggest factories in India.

9. Cyrus Mistry and Shapoor Pallonji Mistry. Pallonji Group. Net worth: Rs 67,100 crore. Rank: 163rd.

Disclaimer: Network18, the parent company of CNBCTV18.com, is controlled by Independent Media Trust, of which Reliance Industries is the sole beneficiary.

Forbes India Rich List 2018: Mukesh Ambani retains the top slot

KV Prasad Jun 13, 2022, 06:35 AM IST (Published)

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Summary

Reliance Industries chief Mukesh Ambani on Thursday emerged as India’s wealthiest for the 11th straight year as his net worth swelled to $47.3 billion. Wipro’s Azim Premji is the distant second with a net worth of $21 billion, while Lakshmi Mittal, chairman and CEO, ArcelorMittal is the third richest Indian with a net worth $18.3 billion, according to Forbes magazine’s annual ‘India Rich List 2018’.

Reliance Industries chief Mukesh Ambani on Thursday emerged as India’s wealthiest for the 11th straight year as his net worth swelled to $47.3 billion.

Wipro’s Azim Premji is the distant second with a net worth of $21 billion, while Lakshmi Mittal, chairman and CEO, ArcelorMittal is the third richest Indian with a net worth $18.3 billion, according to Forbes magazine’s annual ‘India Rich List 2018’.

The Hinduja brothers — Srichand, Gopichand, Prakash and Ashok — are fourth placed with an income of $18 billion.

Reclusive tycoon Pallonji Mistry, who controls Mumbai-headquartered engineering and construction giant Shapoorji Pallonji Group is the fifth richest Indian with a networth of $15.7 million.

With a networth income of $14.6, Indian IT pioneer Shiv Nadar, who cofounded HCL, is the sixth richest Indian in the list.

The Godrej family is at the third position with $18.4 billion while Sun Pharma’s Dilip Sanghvi is ranked eight ($12.6 billion) and Aditya Birla Group’s chairman Kumar Birla ninth ($12.5 billion).

‏With a net worth of $11.9 billion, ports tycoon Gautam Adani is the tenth richest Indian in the Forbes list.

The ranking lists family fortunes, including those shared among extended families such as the Godrej and Bajaj families

Disclosure: Network18, the parent company of CNBCTV18.com, is controlled by Independent Media Trust, of which Reliance Industries is the sole beneficiary.

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sensex	₹1,882.60	+8.30
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index	Price	Change
nifty 50	₹16,986.00	-72.15
sensex	₹1,882.60	+28.30
nifty IT	₹2,206.80	+30.85
nifty bank	₹1,318.95	-14.95

index	Price	Change
nifty 50	₹16,986.00	-7.15
sensex	₹1,882.60	+8.30
nifty IT	₹2,206.80	+3.85
nifty bank	₹1,318.95	-1.95

index	Price	Change
nifty 50	₹16,986.00	-7.15
sensex	₹1,882.60	+8.30
nifty IT	₹2,206.80	+3.85
nifty bank	₹1,318.95	-1.95

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September 25, 2018September 25, 2018

Here are the top 10 self-made women in India

Here are the top 10 self-made women in India.

Vandana Luthra and Family

Total Wealth: Rs 1,300 crore

Falguni Nayar

Total Wealth: Rs 1,300 crore

Ambiga Subramanian

Total Wealth: Rs 2,500 crore

Indra K Nooyi

Total Wealth: Rs 2,600 crore

Sheela Gautam

Total Wealth: Rs 2,800 crore

Neerja Sethi

Total Wealth: Rs 4,800 crore

Vembu Radha

Total Wealth: Rs 5,800 crore

Shradha Agarwal

Total Wealth: Rs 8,200 crore

Jayshree Ullal

Total Wealth: Rs 9,500 crore

Kiran Mazumdar-Shaw

Total Wealth: Rs 22,700 crore

September 25, 2018September 26, 2018

Here are the top 10 richest Indians

Here are the top 10 richest Indians.

Cyrus Pallonji Mistry

Total wealth: Rs 69,400 crore

Shapoor Pallonji Mistry

Total wealth: Rs 69,400 crore

Gautam Adani

Total Wealth: Rs 74,900 crore

Uday Kotak

Total Wealth: Rs 78,400 crore

Cyrus S Poonawalla

Total Wealth: Rs 80,100 crore

Dilip Shanghvi

Total Wealth: Rs 89,700 crore

Azim Premji

Total Wealth: Rs 98,300 crore

LN Mittal

Total Wealth: Rs 114,500 crore

SP Hinduja and Family

Total Wealth: Rs 158,100 crore

Mukesh Ambani

Total Wealth: Rs 371,000 crore

Disclosure: Network18, the parent company of CNBCTV18.com, is controlled by Independent Media Trust, of which Reliance Industries is the sole beneficiary.

September 25, 2018February 26, 2019

Here are the top 10 self-made richest women in India

1. Kiran Mazumdar-Shaw: Biocon, Net Worth: Rs 22,700 crore. Kiran Mazumdar-Shaw, founded biopharma firm Biocon in 1978, which makes a range of generic drugs to treat, among much else, autoimmune diseases, diabetes and cancer. The company is Asia’s largest insulin producer with a factory in Malaysia’s Johor region. Biocon’s biosimilar version of Roche’s breast cancer drug, Herceptin, was approved by the US Food and Drug Administration in December.

2. Jayshree Ullal: Arista Network, Net Worth: Rs 9,500 crore. Jayshree Ullal has been the president and CEO of Arista Networks, a computer networking firm, since 2008. The publicly-traded company recorded revenues of $1.6 billion in 2017. Ullal owns about five percent of Arista’s stock, some of which is earmarked for her two children, niece and nephew. Arista and Cisco, Ullal’s former employer, have been locked in a multi-year legal battle over alleged patent infringement, which Arista denies. Born in London and raised in India, she is now one of America’s wealthiest female executives.

3. Shradha Agarwal is the co-founder and president of Outcome Health, the Chicago-based healthcare technology company with a net worth of Rs 8,200 crore. Founded in 2006, Outcome Health is building the world’s largest platform for actionable health intelligence at the moment of care. Earlier this year, the company raised $500 million from investors such as Goldman Sachs and Google at a $5 billion valuation.

4. Vembu Radha: Zoho Corporation, Net Worth: Rs 5,800 crore. Chennai based Zoho provides cloud-based business software. The privately held company competes with industry giant, Salesforce.

5. Neerja Sethi: Net Worth: Rs 4,800 crore. Neerja Sethi is the vice president of IT consulting and outsourcing company, Syntel. She co-founded the company with her husband Bharat Desai in 1980 in their apartment in Troy, Michigan. Starting out with an initial investment of just $2,000, they pulled in a mere $30,000 in first-year sales. Syntel racked up $924 million in 2017 revenues and has 23,000 employees, 80 percent of whom are in India.

6. Sheela Gautam: Net Worth: Rs 2,800 crore. Born in a family of diplomats, Sheela Gautam set up Sheela Foam in 1971, best known known for its Sleepwell brand of mattresses. The $270 million (revenue) company was listed in 2016. Her son Rahul runs Sheela Foam as chairman and managing director.

7. PepsiCo’s ex-CEO Indra Nooyi also made to the list with a net worth of Rs 2,600 crore. Under Nooyi’s 12-year tenure as CEO, she has boosted sales of the Mountain Dew and Gatorade maker to $63.5 billion, up 80 percent from when she started. She is also largely credited with re-shaping Pepsi with tactical mergers and shifting to healthier drinks over sugary sodas – moving to juices and teas.

8. Ambiga Subramanian, CEO of data analytics firm, Mu Sigma, has a net worth of Rs 2,500 crore.

9. Falguni Nayar is an investment banker-turned-businesswoman and founded Nykaa, a beauty product company in April 2012. Her net worth is Rs 1,300 crore.

10. Vandana Luthra & Family: Net Worth: Rs 1,300 crore. Luthra pioneered the concept of a beauty and wellness chain in India. She opened her center in New Delhi in 1989, offering weight management as well as hair and skin treatments, and now has 313 centers in 11 countries in Asia, the Middle East and East Africa. Her VLCC Personal Care business sells skin care and hair care products through 72,000 outlets across India.

September 25, 2018September 25, 2018

Here are the top 10 richest people in India

1. Mukesh Ambani retains the top spot in the list for the seventh year in a row with Rs 3,71,000 crores. The telecom mogul’s wealth has increased 44 percent since last year.

2. SP Hinduja & Family: Net Worth: Rs 1,58,100 crore. Close-knit siblings, Srichand, Gopichand, Prakash and Ashok, control multinational conglomerate the Hinduja Group. Their group’s businesses range from trucks and lubricants to banking and cable television.

3. Lakshmi Mittal: Net Worth: Rs 1,14,500 crore. ArcelorMittal sold its 29 percent stake in bankrupt UttamGalva Steel at a loss to make it eligible for Bhushan Steel bidding and also keen on bidding for stressed Essar Steel asset. The steel major’s wealth has increased 30 percent since last year.

4. Azim Premji made to the fourth spot after his wealth increased 24 percent to Rs 98,300 crores. Premji was named as one of the recipients of 2017 Carnegie Medal, the most prestigious prize in philanthropy, for his efforts to restructure India’s public school system.

5. Dilip Sanghvi, remains at fifth spot with Rs 89,700 crores. His Sun Pharmaceuticals has been seeing a steady decline in its share price for last 2 years in response to the USFDA barring product approvals. Sanghvi’s net worth increased by 1 percent.

6. Cyrus Poonawala: With a wealth of Rs 80,100 crores, he is up at the sixth spot with a wealth increase of 13 percent. Recently his company, Serum Institute of India, rolled out four new vaccines and are working on vaccines for malaria and dengue. The company has signed two long-term agreements with Panacea Biotec to develop the injectable polio vaccine.

7. Chairman of Kotak Mahindra Uday Kotak grabbed the seventh spot with the net wealth of Rs 78,400 crores. His wealth has increased 25 percent over the last year.

8. Gautam Adani: The businessman from Gujarat is at the eighth spot with a net wealth of Rs 74,900 crores. The conglomerate operates in diverse fields including agribusiness, mining and logistics among others. Adani Group cancelled a $2.6 billion contract with Australian mining services company Downer as part of a cost-cutting drive, a week after the Queensland government vetoed a concessional loan to the Indian giant for the controversy-hit Carmichael coal mine.

9&10. Both Cyrus Mistry and Shapoor Pallonji Mistry are tied at the ninth place with Rs 69,400 crore. Their wealth increased by 41 percent from the last year.

Disclosure: Network18, the parent company of CNBCTV18.com, is controlled by Independent Media Trust, of which Reliance Industries is the sole beneficiary.