Mukesh Dhirubhai Ambani is an Indian billionaire business magnate, and the chairman, managing director, and largest shareholder of Reliance Industries Ltd. (RIL), a Fortune Global 500 company and India's most valuable company by market value. As of April 2020, Mukesh Ambani is the richest man in Asia.
2. Shiv Nadar US$16.1 billion February 2020
Shiv Nadar is an Indian billionaire industrialist and philanthropist. He is the founder and chairman of HCL and the Shiv Nadar Foundation. Nadar founded HCL in the mid-1970s and transformed the IT hardware company into an IT enterprise over the next three decades by constantly reinventing his company's focus. In 2008, Nadar was awarded Padma Bhushan for his efforts in the IT industry. Nadar, nicknamed by friends as Magus (Old Persian for "wizard"), since the mid-1990s has focused his efforts on developing the educational system of India through the Shiv Nadar Foundation. Ramanichandran, a prolific Tamil romance novelist is his cousin.
3.Radhakishan Damani US $16 Billion April 2020
Avenue Supermarts Ltd., doing business as DMart, is a chain of hypermarkets in India founded by Radhakishan Damani in the year 2002, with its first branch in Powai Hiranandani Gardens. As of 31 December 2019, it had 196 stores in 72 cities across 11 states in India including Maharashtra, Andhra Pradesh, Telangana, Gujarat, Madhya Pradesh, Chhattisgarh, Rajasthan, National Capital Region, Tamil Nadu, Karnataka, Uttar Pradesh, Daman and Punjab.
4.Uday Kotak US $15.0 Billion February 2020
Uday Kotak is an Indian billionaire banker, and the executive vice chairman and managing director of Kotak Mahindra Bank.
In early 1980s, while India was still a closed economy and economic growth was muted, Kotak decided to start out on his own, refusing a lucrative job option from a multinational. Over the next few years, he diversified his business into various areas of financial services, establishing a prominent presence in bills discounting, stockbroking, investment banking, car finance, life insurance and mutual funds. On 22 March 2003, Kotak Mahindra Finance Ltd. became the first company in India s corporate history to receive a banking license from Reserve Bank of India.
Forbes estimated his wealth to be $14.8 billion in 2019. In 2006 he ended a 14 year partnership with Goldman Sachs by acquiring its 25% stake in two subsidiaries for $72 million.
5.Sunil Bharti Mittal US$11.1 Billion February 2020
Sunil Bharti Mittal is an Indian billionaire entrepreneur, philanthropist and the founder and chairman of Bharti Enterprises, which has diversified interests in telecom, insurance, real estate, education, malls, hospitality, Agri and food besides other ventures. Bharti Airtel, the group's flagship company is one of the world's largest and India's second-largest telecom company with operations in 18 countries across Asia and Africa with a customer base of over 399 million. Bharti Airtel clocked revenues of over US$14.75 billion in FY2016. He is listed as the 8th Richest person in India by Forbes with a net worth of $8.5 billion.
In 2007, he was awarded the Padma Bhushan, India's third highest civilian honor.[5] On 15 June 2016, he was elected as Chairman of the International Chamber of Commerce.
6.Cyrus Poonawalla US $10.6 Billion April 2020
Cyrus S. Poonawalla is an Indian businessman, the chairman of Poonawalla Group, which includes Serum Institute of India, the Indian biotech company that manufactures paediatric vaccines. Serum Institute exporting vaccines to over 100 countries and one out of every two children in the world was vaccinated by a vaccine of Serum Institute of India. Hurun Global Rich List - 2019 listed Dr. Poonawalla as the 4th richest person in India and 100th in the world with a net worth of $ 13 billion.
As per Forbes March 2018 rankings, Poonawalla's net worth is Rs 73,000 crore and is ranked the 7th richest person in India and the 170th richest person in the world. He went to The Bishop's School in Pune, and later graduated from Brihan Maharashtra College of Commerce, University of Pune, in 1966.
7.Kumar Mangalam Birla US $9.6 Billion February 2020
Kumar Mangalam Birla is an Indian billionaire industrialist, and the chairman of the Aditya Birla Group, one of the largest conglomerates in India. He is also the chancellor of the Birla Institute of Technology & Science, and the chairman of the Indian Institute of Technology Delhi and Indian Institute of Management Ahmedabad.
8.Bajaj family US $9.3 Billion April 2020
Bajaj Group is an Indian conglomerate founded by Jamnalal Bajaj in Mumbai in 1926. Bajaj Group is one of the oldest and largest conglomerates based in Mumbai, Maharashtra. The group comprises 37 companies and its flagship company Bajaj Auto is ranked as the world's fourth largest two- and three-wheeler manufacturer. Some of the notable companies are Bajaj Auto Ltd, Bajaj Finserv Ltd, Hercules Hoists Ltd, Bajaj Electricals, Mukand Ltd, Bajaj Hindusthan Ltd and Bajaj Holding & Investment Ltd. The group has involvement in various industries that include automobiles (2- and 3-wheelers), home appliances, lighting, iron and steel, insurance, travel and finance.
9.Lakshmi Mittal US $9.0 Billion April 2020
Lakshmi Niwas Mittal is an Indian steel magnate,based in the United Kingdom. He is the chairman and CEO of ArcelorMittal, the world's largest steelmaking company. Mittal owns 38% of ArcelorMittal and holds an 11% stake in Queens Park Rangers F.C..
In 2005, Forbes ranked Mittal as the third-richest person in the world, making him the first Indian citizen to be ranked in the top ten in the publication's annual list of the world's richest people.In 2007, Mittal was considered to be the richest Asian person in Europe. He was ranked the sixth-richest person in the world by Forbes in 2011, but dropped to 82nd place in March 2015. He is also the "57th-most powerful person" of the 72 individuals named in Forbes' "Most Powerful People" list for 2015. His daughter Vanisha Mittal's wedding was the second-most expensive in recorded history.
Mittal has been a member of the board of directors of Goldman Sachs since 2008. He sits on the World Steel Association's executive committee, and is a member of the Global CEO Council of the Chinese People's Association for Friendship with Foreign Countries, the Foreign Investment Council in Kazakhstan, the World Economic Forum's International Business Council, and the European Round Table of Industrialists. He is also a member of the board of trustees of the Cleveland Clinic. In 2005 The Sunday Times named him "Business Person of 2006", the Financial Times named him "Person of the Year", and Time magazine named him "International Newsmaker of the Year 2006". In 2007, Time magazine included him in their "Time 100" list.
In 2019, Forbes named him in the list of India's Richest 2019.
10.Dilip Shanghvi US $7.9 Billion April 2020
Dilip Shanghvi is an Indian billionaire businessman and one of the country's richest people. He founded Sun Pharmaceuticals. The Government of India awarded him the civilian honour of the Padma Shri in 2016. India Today magazine ranked him 8th in India's most powerful people of 2017 list.
According to Forbes, as of October 2019, Shanghvi is the 12th richest person in India with a net worth of US$6.9 billion.
11.Nusli Wadia US $7.1 Billion February 2020
Nusli Wadia is an Indian-born British Parsi businessman, entrepreneur and the chairman of the Wadia Group. He is a part of the prominent business Wadia family, through his father Neville, and the politically important Jinnah family, through his mother Dina. He is the grandson of Muhammad Ali Jinnah, the founder of Pakistan, and is one of the Parsi community's most prominent and influential businessmen.
12.Savitri Jindal US $6.3 Billion February 2020
Savitri is the Chairperson Emiretus, Jindal Steel & Power Limited. Born in the Rasiwasia family in Tinsukia, Assam, Savitri married O.P. Jindal in 1970s, who had founded the Jindal Group, a steel and power conglomerate.
Savitri Jindal was a Minister in Haryana Government and member of the Haryana Vidhan Sabha (Legislative Assembly) from Hisar constituency. She lost the seat in elections held in 2014 for the Haryana assembly. She became the chairperson after her husband, O.P. Jindal, who died in a helicopter crash in 2005. She is a member of the INC political party.
Savitri Jindal is the richest woman in India, and the 16th-richest Indian in 2016, worth over $4.0 billion; she also was the world's 453rd-richest person in 2016. She is the world's seventh-richest mother and contributes to the public work her husband started. She was conferred with Acharya Tulsi Kartritva Puraskar in 2008 by Akhil Bhartiya Terapanth Mahila Mandal.
13.Benu Gopal Bangur US $6.3 Billion February 2020
Benu Gopal Bangur is an Indian billionaire businessman, and the chairman of Shree Cement.
Shree Cement is primarily an Indian cement manufacturer. It was founded in Beawar in the Ajmer district of Rajasthan in the year 1979 and now headquartered in Kolkata, is one of the biggest cement makers in Northern India. It also produces and sells power under the name Shree Power (Captive Power Plant) and Shree Mega Power (Independent Power Plant)
14.Azim Premji US $6.0 Billion April 2020
Azim Hashim Premji is an Indian business tycoon, investor, engineer, and philanthropist, who is the chairman of Wipro Limited. He is informally known as the Czar of the Indian IT Industry. He was responsible for guiding Wipro through four decades of diversification and growth to finally emerge as one of the global leaders in the software industry. In 2010, he was voted among the 20 most powerful men in the world by Asiaweek. He has twice been listed among the 100 most influential people by TIME Magazine, once in 2004 and more recently in 2011. For years, he has been regularly listed one among the 500 Most Influential Muslims of the world.
He is currently the tenth richest person in India with an estimated net worth of US$7.2 billion as of October 2019. In 2013, he agreed to give away at least half of his wealth by signing The Giving Pledge. Premji started with a $2.2 billion donation to the Azim Premji Foundation, focused on education in India.
15.Kuldip Singh Dhingra, Gurbachan Singh Dhingra US $5.8 Billion April 2020
Kuldip Singh Dhingra is an Indian entrepreneur, promoter and chairman of Berger Paints. Kuldip is among the 100 Richest Indian and Forbes global billionaires.
Gurbachan Singh Dhingra is an Indian entrepreneur, promoter and vice chairman of Berger Paints. Gurbachan is among the 100 Richest Indian and Forbes global billionaires.
16. M. A. Yusuff Ali US $4.4 Billion January 2020
Yusuff Ali M. A. (full name Yusuff Ali Musaliam Veettil Abdul Kader) is a UAE-based Indian billionaire businessman. He is the chairman and managing director of LuLu Group International that owns the LuLu Hypermarket chain worldwide and LuLu International Shopping Mall. With an annual turnover of US$7.4 billion, LuLu Group International employs the largest number of Indians outside India. According to Forbes, Yusuff Ali was ranked the 21st wealthiest Indian and the 270th (as of 2018) richest in the world, with a personal wealth of $5.2 billion. According to Forbes Middle East, Yusuff Ali was ranked No. 1 in Top 100 Indian business owners in the Arab World 2018. In 2013, Yusuff Ali acquired 4.99% of the Thrissur-based Catholic Syrian Bank (CSB) and increased his stake in the Aluva-based Federal Bank to 4.47%.
In 2016, Yusuff Ali purchased the Scotland Yard Building in London. As of 2013 he held a 9.37% share in Cochin International Airport. He has bought a 10% stake in the UK-based trading firm, East India Company, and a 40% stake in its fine foods subsidiary for around $85 million in total. The Lulu Bolgatty International Convention Centre on Bolghatty Island is one of the largest convention centres in South Asia, along with the third largest Grand Hyatt branded hotel in the same campus.
17.Kushal Pal Singh US $3.6 April 2020
Kushal Pal Singh is an Indian billionaire real estate developer, and the chairman and CEO of real estate developer DLF Limited, founded by his father-in-law Chaudhary Raghvender Singh. DLF has an estimated land bank of 10,255 acres (42 km2), with about 3,000 acres (12 km2) in Gurugram, called DLF City. Singh's personal wealth is estimated at $6.1 billion as per the 50 richest in Asia in Forbes 2017. His autobiography, named Whatever the Odds: The Incredible Story Behind DLF, was published in 2011; Jack Welch spoke at the launch.
18.Karsanbhai Patel US $3.5 Billion April 2020
Karsanbhai Khodidas Patel is an Indian industrialist, founder of the Rs. 2500 crore (US$500 mn) Nirma group with major interests in detergents, soaps and cosmetics. In 2017 Forbes listed his net worth as US $3.9 billion. He has interests in education, and founded leading pharmacy college (Nirma Institute of Pharmacy), leading engineering college, (Nirma Institute of Technology). He is sometimes referred to as K.K. Patel.
19.Rahul Bajaj US $3.3 Billion April 2020
Rahul Bajaj is an Indian billionaire businessman and philanthropist. He is the chairman of the Indian conglomerate Bajaj Group and a member of parliament. Bajaj comes from the business house started by Jamnalal Bajaj. He was awarded the third-highest civilian award Padma Bhushan in 2001. In a recent interview for the Creating Emerging Markets project at the Harvard Business School, Bajaj provides a devastating critique of Indian industrial policies before the liberalisation in the 1990s. In 2008, he split Bajaj Auto into three units - Bajaj Auto, finance company Bajaj Finserv and a holding company. His sons are now managing the day to day affairs of the company.
20.Ajay Piramal US $1.8 Billion April 2020
Ajay Piramal is an Indian billionaire industrialist, and the chairman of the Piramal Group, a conglomerate with interests in pharmaceutical, financial services, real estate, healthcare analytics and glass packaging.
Apart from India, the Piramal Group has presence in over 30 countries, including the US, the UK, the European Union, Japan, Asia-Pacific and South Asia, with its products being sold in over 100 markets.
In 2010, the Company sold the domestic formulation business to Abbott Laboratories for US$3.8 billion. Following that, Piramal Enterprises (then Piramal Healthcare), the flagship company of Piramal Group, has 3 major businesses – Pharma, Financial Services and Healthcare Insights & Analytics. In Pharma, the company focuses on over-the-counter (OTC) consumer products, global generics, contract manufacturing and critical care business. The financial services business—includes alternative asset management and investments into the Shriram Group as well as Piramal Capital & Housing Finance which is a registered as a housing finance company with the National Housing Bank (NHB) and is engaged in various financial services businesses.
The market capitalisation of Piramal Enterprises has grown four-fold in the last seven years, from an average of around Rs 10,000 crore in 2010–11, it has been moving around Rs 45,000 crore in April 2018. PEL is listed on the BSE Limited and the National Stock Exchange of India Limited. The second component of the group's real estate strategy involves property development through the unlisted Piramal Realty Private Limited, founded by Piramal's son Anand.
Incorporated in 1974, Piramal Glass Limited (PGL, erstwhile Gujarat Glass Limited) was acquired by the Piramal Group in 1984. In 1990, it was merged with Piramal Healthcare Limited (PHL, erstwhile Nicholas Piramal India Limited), and in 1998, the glass division was spun off to a subsidiary. The Company is engaged in the business of manufacturing packaging solutions for the perfumery and pharmaceuticals.
Under Piramal's leadership, the Piramal Group transformed from a textile-centric business into a US$10 billion conglomerate. The current headcount of the group is 14,500.
