When you see those shiny limousines and 20 bedroom houses with intricate details, that too in India, doesn’t it shock you? India, although considered as a nation whose development is still in process, is home to many wealthy people with their business expanding even more than before! India has produced some of the richest men all over the world. Let us take a look at the top 10 richest people of India.
10) Sunil Mittal –
Sunil Mittal is an Indian entrepreneur, founder of Bharti Enterprises. He is currently the chairman and Group CEO of the company. He was one of the first people to launch a cellular service in India under the name of AirTel, which currently has the customer base of over 275 million. He has won many awards including Padma Bhushan in 2007, Asia Businessman of the Year, Fortune Magazine 2006, Business Leader of the Year, Economic Times, 2005 among many others. His current net worth is $6.6 Billion.
9) Kumar Birla –
Being the fourth generation member of the Birla family, Kumar Birla took over as the Chairman of Aditya Birla Group after his father’s demise. The company is India’s 3rd largest business house. Since he took over the company, he has ventured into different areas such as Telecom, Software, BPO apart from the already existing ones in textile and garments, cement, aluminum etc. His current net worth is $7.6 Billion.
8) Adi Godrej –
One of the richest Indians, Adi Godrej is currently the chairman of Godrej Group, which was earlier headed by his father. The company’s current success can be attributed to Adi Godrej, along with his two cousins – Nadir Godrej and Jamshyd Godrej. He is also the chairman of India School of Business since 2011. He has won many awards such as Entrepreneur of the Year Award at The Asian Awards, Padma Bhushan in 2013, and Ernst & Young Entrepreneur of the Year Award in February 2013 as well. His current net worth is $8.3 Billion.
7) Shiv Nadar –
Shiv Nadar is an Indian industrialist who founded the HCL Group as well as Shiv Nadar Foundation. His first venture into the international market was with the Far East Computers in Singapore to sell IT hardware. Revenue of $1 Million was reported in the first year and has become a success since then. The most notable customers of HCL are Microsoft, Cisco and Boeing. Nadar actively promotes philanthropy and has so far donated $500 million to the needy and hopes to donate $500 million more in the next 5 years. He has won the Padma Bhushan award in 2008 and was counted amongst Forbes 48 Heroes of Philanthropy in Asia Pacific in 2009.
6) Hinduja Brothers –
Hinduja Group was founded by Parmanand Deepchand Hinduja and initially conducted all the operations in Bombay, India. They later shifted to Iran to conduct their international business but later settled down in London to focus on their export business. The 2 brothers, Srichand and Gopichand Hinjuda look after the different areas of the company. Both Srichand and Gopinath became the richest men in Britain with a net worth of $20 billion. Some of the Hinduja Group companies handled by them are – Ashok Leyland, IndusInd Bank, Gulf Oil Corporation Ltd, P D Hinduja National Hospital and Medical Research Centre among many others.
5) Pallonji Mistry –
Chairman of Shapoorji Pallonji Group, Pallonji Shapoorji Mistry is an Irish contruction tycoon who also happens to own around 18.4% of stake in Tata Sons. The Shapoorji Pallonji Group has built many landmarks in Mumbai such as the Hong Kong & Shanghai Bank, the State Bank of India and the Reserve Bank of India buildings among many others. He has 4 children one of which is Cyrus Pallonji Mistry, who is currenly the chairman of $100 billion Tata Group. His current net worth is $12.5 Billion.
4) Azim Premji –
Chairman of Wipro Limited, Azim Premji is fourth richest man in India according to Forbes and the 61st wealthiest man in the world. His personal wealth as of 2014 stands around to be $15.3 billion. He has also been listed as one of the most influential people in the world by TIME Magazine twice. He has already donated 25% of his wealth to charity and continues to be generous when it comes to social causes. Azim Premji Foundation and University was established in 2001 to provide universal education to children in villages. He has received many awards such as Padma Bhushan in 2005, Padma Vibhushan in 2011 among many others. His current net worth is $13.8 Billion.
3) Dilip Sanghvi –
Dilip Sanghvi is the founder and director of Sun Pharmaceutical Industries Limited which was founded in 1983. It holds the position of the largest drugmaker in India as of now. He is the 3rd richest man in India, with a personal wealth of USD 4.7 billion. His current net worth is $13.9 Billion.
2) Lakshmi Mittal –
Lakshmi Mittal is the chairman and CEO of the world’s largest steel making company ArcelorMittal. He is also the member of Board of Directors of Goldman Sachs as well as European Aeronautic Defence and Space Company. He has won many titles including Person of the Year by the Financial Times, Business Person of 2006 by The Sunday Times, 100 most influential persons in the world by TIME Magazine among many others. He is known as the King of Steel by many and his current net worth is $16 Billion.
1) Mukesh Ambani –
Chairman, MD, and the largest shareholder of Reliance Industries Limited, Mukesh Ambani is the richest businessman in India in 2014. His company, RIL, Is a Fortune Global 500 Company and the largest retailer in India. He has been ranked by Forbes as one of the most powerful man in the world. His personal wealth constitutes to $19.6 billion and has been the richest man in India since the past 6 years. His current net worth is $21 Billion.