Gone are the days when you were given examples of business tycoons of the west. India now boasts of housing several billionaires, many of whom of are shining examples when it comes to work ethic. These people, with hard work, have proven their capabilities in the business world, and are now among the richest people not only in India, but the world. Here’s a list of the Richest people of India, along with their respective net-worths according to Forbes.
10. Lakshmi Mittal – $15 Billion (As of 24th February 2021)
Sometimes referred to as the King of Steel, Lakshmi Mittal is the owner of ArcelorMittal, the world’s largest steel manufacturer. In February 2021, he stepped down from the CEO position, and his son, Aditya Mittal, took over the position. He also owns a football club named Queens Park Rangers. As of 24th February 2021, Lakshmi Mittal is worth $15 billion, which is roughly over 108 lakh crore Indian rupees.
Source: Wikimedia Commons
9. Godrej Family – $11 Billion (As of July 2020)
The Godrej family is an Indian Parsi family that controls one of India’s biggest conglomerate companies, the Godrej group – not only one of the biggest, it is also one of the oldest. Founded in 1897 by Ardeshir Godrej, it started as a company that manufactured locks. Today, the company functions as an umbrella under which a wide range of various ventures are thriving. As of July 2020, the Godrej family was worth $11 billion – roughly 80,000 crore Indian rupees.
Source: Wikimedia Commons
8. Uday Kotak – $15.9 Billion (As of 24th February 2021)
When India was still a closed economy, Uday Kotak took a risk and instead of accepting a job offer at an MNC, decided to start his own business. His venture, Kotak Mahindra Finance, became the first private company in India to receive a banking license from Reserve Bank of India. As of 24th February 2021, Uday Kotak is worth $15.9 billion, which is over 115 lakh crore Indian rupees.
Source: Uday Kotak on Twitter
7. Pallonji Mistry – $14 Billion (As of 28th February 2021)
The Indian-Irish business tycoon, Pallonji Mistry, owns one of the oldest construction and engineering companies in India, the Shapoorji Pallonji Group, which was founded in 1865. Not only is he one of richest Indian businessmen, he is also the richest Irishman. The SP group also owns Eureka Forbes, which is a popular brand for water purifiers. The biggest asset of the Mistry family is an 18.4% stake in Tata sons, of which Mistry is the largest individual shareholder. After his son Cyrus Mistry was sacked from his job as CEO of Tata Group, the ties between the two wealthy families have become bitter. As of 28th February 2021, Pallonji Mistry is worth $14 Billion, which is over 103 lakh crore rupees.
Source: Wikimedia Commons
6. Cyrus Poonawalla – $15.1 Billion (As of 28th February 2021)
Cyrus S. Poonawalla is the chairman of Poonawalla Group, which includes Serum Institute of India, which is the world’s largest vaccine manufacturer. Poonawalla was born to a horse breeder, and founded Serum Institute of India in 1966. The company manufactures 1.5 billion doses of vaccines annually. Serum Institute also emerged as one of the top players in the covid vaccine race, and is currently producing a covid vaccine developed by Oxford University and AstraZeneca. Cyrus Poonawalla, as of 28th February 2021, is worth $15.1 billion, which is over 111 lakh crore rupees.
Source: Flickr
5. Hinduja Brothers – $15 Billion (As of 28th February 2021)
The Hinduja group is an Anglo-Indian multinational conglomerate run by four Hinduja brothers: Srichand, Gopichand, Prakash and Ashok. The group controls various sub-divisions that operate in different sectors including Automotive, Oil, IT, Healthcare and Power among others. The family also owns valuable real estate in London, including the Old War Office Building in Whitehall. As of 28th February 2021, the Hinduja brothers are worth $15 Billion, which is a little under Rs 111 lakh crore.
Source: Hinduja Group
4. Radhakishan Damani & Family – $21.1 Billion (As of 28th February 2021)
Radhakishan S. Damani is a billionaire investor and the founder of DMart, a chain of hypermarkets. Damani became India’s retail king after the March 2017 IPO of his supermarket chain Avenue Supermart (Source: Forbes.) He also owns the Radisson Blu Resort in Alibaug, a popular 156-room beachfront getaway. As of 28th February 2021, Radhakishan Damani is worth $21.1 Billion, which is roughly 156 lakh crore rupees.
Source: Mohnish Pabrai on Twitter
3. Shiv Nadar – $22.6 Billion (As of 28th February 2021)
Shiv Nadar is the founder of HCL Technologies Limited. He founded the company in the mid-1970s in a garage to make calculators and microprocessors. In 2020, Nadar stepped down as the CEO, and his daughter, Roshni Nadar Malhotra, took over the company. HCL hires 150,000 people across 49 countries. The company hires high-school grads and trains them on the job. Nadar is also one of India’s leading philanthropists, and has donated $662 million to Shiv Nadar Foundation which backs education-related causes (Source: Forbes.) As of 28th February 2021, Shiv Nadar is worth $22.6 Billion, which is over Rs 167 lakh crores.
Source: Wikimedia Commons
2. Gautam Adani – $25.2 Billion (As of July 2020)
Gautam Shantilal Adani is the founder and chairman of the Ahmedabad based multinational company, the Adani group, which deals in multiple interests, including power, edible oil, real estate, and defence. He also owns a number of overseas assets, including Australia’s Abbott Point Port and the Carmichael coal mine (Source: Forbes.) He aquired a 74% stake in Mumbai’s international airport in September 2020. As of July 2020, Adani is worth $25.2 Billion, which is roughly equivalent to 186 lakh crore rupees.
Source: Wikimedia Commons
1. Mukesh Ambani – $80.1 Billion (As of 28th February 2021)
Mukesh Ambani is the chairman, managing director, and the largest stakeholder of Reliance Industries Ltd, India’s most valuable company. RIL has interests across various sectors, including petrochemicals, telecom, retail, oil and gas. Reliance Industries was founded by Mukesh Ambani’s father, Dhirubhai Ambani, who started the company as a textile manufacturing business. The empire was divided between Mukesh and his brother, Anil Ambani, after their father’s death in 2002. As of 28th February 2021, Mukesh Ambani is worth $80.1 billion, which is over 592 lakh crore rupees.
Source: Wikimedia Commons
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