India is the land of wonders, but we should admit that the country is also the land of billionaires. The economy of India is the tenth-largest in the world by nominal GDP, and analysts predict better future for the country. Now let’s review the list of top 20 billionaires of India.
Mukesh Ambani (Net Worth: $23.6 B)
Mukesh Dhirubhai Ambani is an Indian business magnate who is the Chairman, Managing Director and largest shareholder of Reliance Industries Limited, a Fortune Global 500 company and India’s second most valuable company by market value.
Dilip Shanghvi (Net Worth: $18 B)
Dilip Shanghvi is an Indian businessman and among the richest person in India. He is the founder and managing director of Sun Pharmaceuticals. Shanghvi earned a Bachelor of Commerce degree from the University of Calcutta.
Azim Premji (Net Worth: $16.4 B)
Azim Hashim Premji is an Indian business tycoon and philanthropist who is the chairman of Wipro Limited, guiding the company through four decades of diversification and growth to emerge as one of the Indian leaders in the software industry.
Pallonji Mistry (Net Worth: $15.9 B)
Pallonji Shapoorji Mistry is an Irish Indian construction tycoon and chairman of Shapoorji Pallonji Group. He is also one of the wealthiest persons of Parsi descent. Pallonji Mistry is a Parsi, his religion being Zoroastrianism.
Lakshmi Mittal (Net Worth: $15.8 B)
Lakshmi Niwas Mittal (born 2 September 1950) is an Indian steel magnate. He is the chairman and CEO of ArcelorMittal, the world’s largest steelmaking company. Mittal owns 38% of ArcelorMittal and holds a 34% stake in Queens Park Rangers F.C..
Hinduja Brothers (Net Worth: $13.3 B)
The 4 Hinduja siblings own the Hinduja Group which is a global conglomerate company headquartered in London, United Kingdom. The company was founded in 1914 by Parmanand Deepchand Hinduja, who was from a Hindu family based in Sindh, India (now in Pakistan).
Shiv Nadar (Net Worth: $12.5 B)
Shiv Nadar is an Indian 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.
Family Godrej (Net Worth: $11.6 B)
The Godrej family, is an Indian Parsi family that manages and largely owns the Godrej Group, a conglomerate founded by Ardeshir Godrej and his brother Pirojsha Godrej in 1897, spanning sectors as diverse as real estate, consumer products, industrial engineering, appliances, furniture, security and agricultural products.
Kumar Birla (Net Worth: $9.2 B)
Kumar Mangalam Birla is an Indian industrialist and the Chairman of the Aditya Birla Group, one of the largest conglomerate corporations in India. The group is India’s third largest business house. He is also the Chancellor of the Birla Institute of Technology & Science.
Sunil Mittal & family (Net Worth: $7.8 B)
Sunil Bharti Mittal is an Indian entrepreneur, philanthropist and the founder, chairman and Group CEO of Bharti Enterprises, which has interests in telecom, retail, financial services, and agri business. The Group flagship Bharti Airtel, with operations in 20 countries across Asia and Africa and a customer base of over 275 million, is India’s largest telecom company and world’s fourth largest mobile operator.
Gautam Adani (Net Worth: $7.1 B)
Gautam Adani is an Indian business tycoon who is the chairman and founder of Adani Group. He founded The Adani Group in 1988 and today it is a globally integrated infrastructure player with businesses spanning coal trading, coal mining, oil & gas exploration, ports, multi-modal logistics, power generation, Agri Infrastructure, edible oil & transmission and gas distribution.
Savitri Jindal & family (Net Worth: $6.4 B)
Savitri Devu Jindal is a Non-Executive Chairperson, Jindal Steel & Power Limited. She was born to a conservative family in Tinsukia, Assam in 1950. Savitri Jindal grew up living the lifestyle of a traditional Indian woman.
Anil Ambani (Net Worth: $6.3 B)
Anil Dhirubhai Ambani is an Indian business magnate, investor, and philanthropist. He is the chairman of Reliance Group which came into existence in June 2005 following a demerger from Reliance Industries Limited. He leads a large number of listed corporations including Reliance Capital, Reliance Infra, Reliance Power and Reliance Communications.
Cyrus Poonawalla (Net Worth: $6.2 B)
Dr. Cyrus S. Poonawalla is the chairman of Poonawalla Group, which includes Serum Institute of India, which is an Indian biotech company that manufactures paediatric vaccines. He was awarded the Padma Shri for his contribution to the field of medicine, by Government of India in 2005.
Uday Kotak (Net Worth: $6.1 B)
Uday Kotak (born 15 March 1959) is Executive Vice Chairman and Managing Director of Kotak Mahindra Bank. Kotak was raised in an upper middle class Gujarati joint-family household with 60 persons sharing a common kitchen under one roof.
Shashi & Ravi Ruia (Net Worth: $5.9 B)
Ravikant Nand Kishore Ruia (born 1949) is the Vice-Chairman of Essar Group, founded in 1969 by Ruia and his brother Shashi Ruia. Ravi Ruia is a mechanical engineer by profession, with a degree from College of Engineering,Guindy – Anna University in Chennai, and has played an important role in steering the Essar Group to its pre-eminent position.
Micky Jagtiani (Net Worth: $5.1 B)
Mukesh “Micky” Jagtiani is an Indian businessman, based in the UAE who owns the Dubai-based Landmark retail-stores group. He is married to Renuka who oversees Splash, his company’s fashion line, and they have two daughters and one son.
Anand Burman (Net Worth: $4.9 B)
A buoyant consumer market lifted Anand Burman’s fortune thanks to his family’s two-thirds stake in Dabur, which reported net earnings of $152 million on $1.2 billion revenues in the last year.
Desh Bandhu Gupta (Net Worth: $4.8 B)
Desh Bandhu Gupta is the founder and Chairman of Lupin Limited, a multinational pharmaceuticals company. Gupta is married with five children and lives in Mumbai.
Bajaj Family (Net Worth: $4.1 B)
Bajaj Group is an Indian conglomerate founded by Jamnalal Bajaj in 1926, Mumbai. Bajaj Group is one of the oldest & largest conglomerates based in Mumbai, Maharashtra. The group comprises 36 companies & its flagship company Bajaj Auto is ranked as the world’s fourth largest two- and three-wheeler manufacturer.