10 Top Richest Man in India as listed below
10. Cyrus S. Poonawalla
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.
As per Forbes July 2016 rankings, Poonawalla's net worth is $8.6
billion and is ranked #10th richest person in India and #129th richest person
in the world. He did his schooling from The Bishop's School in Pune, and later
graduated from Brihan Maharashtra College of Commerce, University of Pune, in
1966.
He was awarded the Padma Shri for his contribution to the field of
medicine, by the Government of India in 2005.
9. Kumar Mangalam Birla
Kumar Mangalam Birla (born 14 June 1967) is an Indian industrialist
and the chairman of the Aditya Birla Group, one of the largest conglomerate
corporations in India. He is also the chancellor of the Birla Institute of
Technology & Science.
Birla is a fourth-generation member of the Birla family from the state
of Rajasthan. He was born in Kolkata and raised in Mumbai. He has a B.Com
degree from University of Bombay; MBA degree from London Business School, where
he is Hon Fellow and CA (Chartered Accountant) from ICAI (India).
Birla took over as chairman of the Aditya Birla Group in 1995, at the
age of 28, following the death of his father Aditya Vikram Birla. During his
tenure as chairman, the group's annual turnover has expanded from US$3.33
Billion in 1995 to US$41 billion in 2015. Birla has received several accolades,
including the International Advertising Association’s "CEO of the Year
Award" in 2016.
8. Shiv Nadar
Shiv Nadar (born 14 July 1945) 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. 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. He is the brother of Tamil
novelist Ramanichandran.
In 2007, Madras University awarded him an honorary doctorate degree (D Sc) for his contributions in promoting software technology. Nadar was also recognized as E&Y Entrepreneur of the Year 2007 (Services).
In 1995 he became the Dataquest IT Man of the year. The In 2005 he was bestowed with CNBC Business Excellence Award. In 2006 he received an Honorary Fellowship of All India Management Association. In 2009 he was counted amongst Forbes' 48 Heroes of Philanthropy in Asia Pacific. In 2010 he received the Dataquest Lifetime Achievement Award.
In April 2017, India Today magazine ranked Nadar #16th in India's 50 most powerful people of 2017 list.
7. Godrej family
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 Burjorji Godrej in 1897, spanning sectors as diverse as real estate, consumer products, industrial engineering, appliances, furniture, security and agricultural products. Headed by Adi Godrej alongside his brother, Nadir Godrej, and cousin, Jamshyd Godrej, the family is one of the richest in India; with an estimated net worth of $11.6bn as of 2014.
Among the family's most valuable assets is a 3,500-acre estate in Vikhroli, Mumbai, the value of which is estimated at $12 billion if developed; in 2011, the family announced plans to develop three million square feet by 2017, through an internal joint venture composed of Godrej Industries and Godrej Properties. For decades, the family has preserved some 1,750 acres of mangrove swamps within the estate, leading to the 2012 inclusion of Adi Godrej and Jamshyd Godrej in Forbes magazine's list of the richest green billionaires. On June 18, 2014, Godrej family bought the iconic bungalow of Homi J. Bhabha, Mehrangir, for Rs. 372 Cr through an auction initiated by The National Centre for the Performing Arts (NCPA).
6. Lakshmi Mittal
Lakshmi Niwas Mittal (born 15 June 1950) 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. 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. In spite of the drop, Forbes estimated that he still had a personal wealth of US$16 billion in October 2013.
According to the Sunday Times Rich List 2016, Mittal and his family had an estimated personal net worth of GB£7.12 billion, a decrease of $2.08 billion on the previous year. Meanwhile, in 2016 Forbes magazine's annual billionaires list assessed estimated Mittal's wealth in 2016 at as the 135th-wealthiest billionaire with a net worth of US$8.4 billion. Mittal's net worth peaked in 2008, assessed by The Sunday Times at GB£27.70 billion, and by Forbes at US$45.0 billion, and rated as the fourth-wealthiest individual in the world.
5. Pallonji Mistry
Pallonji Shapoorji Mistry (born 1929) is an Irish Indian construction tycoon and chairman of Shapoorji Pallonji Group. According to Forbes, his wealth is estimated to be US$16.9 billion as of September 2016. With his 18.4% stake in Tata Sons, he is the single largest shareholder in India's largest private conglomerate Tata Group. He is the chairman of the Shapoorji Pallonji Group through which he owns Shapoorji Pallonji Construction Limited, Forbes Textiles and Eureka Forbes Limited. He is the former chairman of Associated Cement Companies. Pallonji gave up his Indian citizenship in 2003 to obtain Irish nationality, because India does not yet allow dual nationality. His son Cyrus was chairman of Tata Sons from November 2011 to October 2016. A short biography of Mistry was written in a 2008 book by Manoj Namburu titled The Moguls of Real Estate. He was awarded the Padma Bhushan in January 2016 by the Government of India for his contributions in the field of trade and industry.
4. Azim Premji
Azim Hashim Premji (born 24 July 1945) is an Indian business tycoon, investor, 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 Asia week. He has twice been listed among the 100 most influential people by TIME Magazine, once in 2004 and more recently in 2011. Premji owns 73% percent of Wipro and also owns a private equity fund, Premji Invest, which manages his $2 billion worth of personal portfolio.
He is currently the second richest person in India with an estimated net worth of US$16.1 billion as of April 2017. 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.
3. Hinduja Group
The company was founded in 1914 by Parmanand Deepchand Hinduja, who was from a Sindhi Hindu family based in India. Initially operating in Mumbai, India, he set up the company's first international operation in Iran in 1919. The headquarters of the group moved to Iran where it remained until 1979, when the Islamic Revolution forced it to move to Europe.
Srichand Hinduja and his brother Gopichand moved to London in 1979 to develop the export business; Prakash manages the group's finances in Geneva, Switzerland while the youngest brother, Ashok, oversees the Indian interests. The brothers are all devout Hindu, vegetarian and teetotalers, and dress in similar ways, with a preference for black suits and round glasses.
Under the leadership of its chairman, Srichand, today the Hinduja Group has become one of the largest diversified groups in the world. The group employs over 70,000 people and has offices in cities of the world and all the major cities in India. In 2014, Srichand and Gopichand Hinduja emerged as the richest men in Britain with a net worth of about US$20 billion.
In 2015 at The Asian Awards, the Hinduja brothers were honoured with the Business Leader of the Year Award
2. Dilip Shanghvi
Dilip Shanghvi (born 1 October 1955) is an Indian businessman
and one of the country's richest people. He founded Sun Pharmaceuticals with a
partner, Pradeep Ghosh. The Government of India awarded him the civilian honor
of the Padma Shri in 2016. India Today magazine ranked him #8th in India's 50
Most powerful people of 2017 list.
Dilip Shanghvi started Sun Pharmaceutical Industries with capital of ₹10,000 in 1982 at Vapi, with one psychiatry drug and a partner, Pradeep Ghosh. In 1997, Sun acquired Caraco Pharma, a loss-making American company, with the aim of expanding Sun's reach in the United States. Sun also acquired Israel's Taro Pharma in 2007. Shanghvi stepped down as Chairman and CEO in 2012 and chose Israel Makov, formerly CEO of Teva Pharmaceuticals, as his successor; Shangvi became Managing Director. In April 2014 Sun, Ranbaxy, and Daiichi Sankyo (the majority shareholder in Ranbaxy) agreed that Sun would acquire all outstanding shares of Ranbaxy for $3.2B in Sun stock and that Sun would take on $800M in Ranbaxy debt; the deal closed in March 2015 and made Sun the largest drug company in India and the fifth largest in the world, and made Daiichi the second largest shareholder in Sun.
As of August 2014, he had a net worth of $17.2 billion.
1.Mukesh Ambani
Mukesh Dhirubhai Ambani (born 19 April 1957) is an
Indian business magnate who is the chairman, managing director and largest
shareholder of Reliance Industries Limited (RIL), a Fortune Global 500 company
and India's second-most valuable company by market value. He holds a 44.7%
stake in the company. RIL deals mainly in refining, petrochemicals, and
in the oil and gas sectors. Reliance Retail Ltd., another subsidiary, is the
largest retailer in India.
In 1980, the Indian government under Indira Gandhi
opened PFY (polyester filament yarn) manufacturing to the private sector.
Dhirubhai Ambani applied for a license to set up a PFY manufacturing plant. In
spite of stiff competition from Tata’s, Birla’s and 43 others, Dhirubhai was
awarded the licence. To help him build the PFY
plant, Dhirubhai pulled his eldest son Mukesh out of Stanford where he was studying
for his MBA. Mukesh Ambani, then discontinued the program to help his father
and initiated Reliance's backward integration from textiles into polyester fibers
and further into petrochemicals, beginning in 1981.Mukesh Ambani set up Reliance Infocomm Limited (now Reliance Communications Limited), which was focused on information and communications technology initiatives.
Ambani directed and led the creation of the world's largest grassroots petroleum refinery at Jamnagar, India, which had the capacity to produce 660,000 barrels per day (33 million tons per year) in 2010, integrated with petrochemicals, power generation, port and related infrastructure.
In February 2014, an FIR has been filed against Mukesh Ambani for alleged irregularities in the pricing of natural gas from K G Basin. Arvind Kejriwal, who had a short stint as Delhi's chief minister and had ordered the FIR against has accused various political parties of being silent on the gas price issue. Kejriwal has asked both Rahul Gandhi and Narendra Modi to clear their stand on the gas pricing issue. Kejriwal has alleged that the Centre inflated the price of gas to eight dollars a unit though Mukesh Ambani's company spends only one dollar to produce a unit, which meant a loss of Rs. 540 billion to the country annually.
On 18 June 2014, Mukesh Ambani, addressing the 40th AGM of Reliance Industries, said it will invest Rs 1.8 trillion (short scale) across businesses in the next three years and launch 4G broadband services in 2015.
In February 2016, Mukesh Ambani-led Jio launched its own 4G smartphone brand named LYF. In June 2016, it was India's third-largest-selling mobile phone brand.