Since India is an emerging economy we may see a rise in the numbers of Rich Indian in this list in the future.
Here is the list of top 10 richest person in India. As always Mr. Ambani is on the top of the richest businessman. In a year that saw an overall decline for listees, some racked up big gains. Mukesh Ambani remains the richest Indian for the 12th year in a row, adding $4.1 billion to his net worth thanks largely to the success of Jio.https://www.perfectentrepreneur.com
(NET WORTH- 42.2 billion USD )
(Source Of Wealth- diversified)
One of the richest persons in the world , MD and chairman of Reliance Industries which is the largest Indian private sector enterprise His father Dhirubhai had applied for a licence to setup PFY and amidst stiff competition from the Tatas, Birlas and 43 others, Dhirubhai was awarded the licence. To help build the PFY plant, Mukesh dropped out to help his father and initiated Reliance’s backward integration from textiles into polyester fibres and further into petrochemicals, petroleum refining and going up-stream into oil and gas exploration and production in the year 1981.
Mukesh Ambani has been ranked as one of the world’s most respected business leaders and conferred various awards for his leadership skills. In 2010 he was awarded the School of Engineering and Applied Science Dean’s Medal by the University of Pennsylvania. He was awarded the United States-India Business Council Leadership Award by the United States-India Business Council in 2007. The same year he was awarded the Chitralekha Person of the Year Award by the government of Gujarat. Total Telecom awarded him the World Communication Award in 2004.
He was ranked 42nd among the World’s Most Respected Business Leaders and second among the four Indian CEOs featured in a survey conducted by Pricewaterhouse Coopers and published in Financial Times. and was Chosen Telecom Man of the Year 2004 by Voice and Data magazine. He is ranked 13th in Asia’s Power 25 list of The Most Powerful. In year 2010, the Forbes magazine named him among the most powerful people in the world in its list of “68 people who matter most.” As of 2011, he is the second richest man in Asia and the ninth richest man in the world with a personal wealth of USD 27 billion.
Apart from being the head of the conglomerate empire, Mukesh is a member of the board of directors of Bank of America Corporation and a present member of the international advisory board of the Council on Foreign Relations.
( NET WORTH- 620 crores USD )
(Source Of Wealth–software services )
.Azim Hashim Premji(born 24 July1945) is an Indian Business tycoort,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 decaded 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 peace by TIME Magazine,once in 2004 and more recently in 2011.
He is currently the second richest person in India with an estimate net worth of US$15.6 as of October 2018.
.Azim Premji Was born on july 24,1945 in Bombay ,India into a Nizari Ismail Shia Muslim family.
.His father Mohamed Hashem Premji was a prominent businessman who founded the Western Indian Vegetable Product Ltd.., a company dealing in vegetable products and refined oils.
.One of its most famous product was “Vanaspati”,a hydrogenated shortening,father Mohamed Hashem Premji was a prominent businessman who founded the Western Indian Vegetable Products Ltd.
.After completing his schooling ,Azim Premji went to the US to study engineering from Standford University. However,his father died unexpectedly shortly before his graduation in 1966 and he had to return home to take control of the business.He would officially complete his Bachelor of Science in Electrical Engineering years later.
. In 1966 , on the news of his father’s death ,the 21-years old Azim Premji returned home from Standford University ,where he was studying engineering ,to take charge of Wipro.
(NET WORTH -14.6 billion )
(Source Of Wealth –software services )
Shiv Nadar co-founder of Hcl .Nadar was born in 1945 in Moolaipozhi Village, about 10 kilometres (6.2 mi) from Tiruchendur in Thoothukudi district (present), Tamil Nadu, India.
His parents were Sivasubramaniya Nadar and Vamasundari Devi. His mother, Vamasundari Devi, is the sister of S. P. Adithanar, founder of Dina Thanthi newspaper.
Nadar studied at Town Higher Secondary School, Kumbakonam. He was admitted into the first form (Sixth Standard) in June 1955 and continued his education in Town High School until June 1957. Nadar received a pre-university degree in the American College, Madurai and a degree in Electrical and Electronics Engineering from PSG College of Technology, Coimbatore Nadar
START OF CAREER-
He began his career at Walchand group’s Cooper Engineering in Pune in 1967.He soon gave it up to begin his own venture, in partnerships with several friends and colleagues. These partners were Ajai Chowdhry (Ex-Chairman, HCL Infosystems), Arjun Malhotra (CEO and Chairman, Headstrong), Subhash Arora, Yogesh Vaidya, S. Raman, Mahendra Pratap and DS Puri. The initial enterprise which Nadar and his partners began was Microcomp, a company which focused on selling teledigital calculators in the Indian market. HCL was founded in 1976, with an investment of Rs 187,000. In 1980, HCL ventured into the international market with the opening of Far East Computers in Singapore to sell IT hardware. The venture reported Rs 1 million revenue in the first year and continued to address the Singapore operations. Nadar remained the largest shareholder without retaining any management control.
(NET WORTH -13.6 billion )
(Source Of Wealth– steel )
Lakshmi Mittal, in full Lakshmi Narayan Mittal, (born June 15, 1950, Sadulpur, Rajasthan, India), Indian businessman who was CEO (2006– ) of ArcelorMittal, the world’s largest steelmaking company.
START OF CAREER
In the 1960s Mittal’s family moved to Calcutta (Kolkata), where his father operated a steel mill. Mittal worked at the mill while studying science at St. Xavier’s College. After graduating (1970) he served as a trainee at the mill, and in 1976 he opened his own steel mill in Indonesia. He spent more than a decade learning how to run it efficiently. In 1989 Mittal purchased the beleaguered state-owned steel works in Trinidad and Tobago, which had been losing huge sums of money. A year later that facility had doubled its output and had become profitable. He used a similar formula for success in a series of acquisitions all around the world, purchasing failing (mostly state-run) outfits and sending in special management teams to reorganize the businesses.
Mittal’s business philosophy emphasized consolidation in an industry that had become weak and fragmented. Although demand for steel remained high, smaller steel companies had been unable to strike competitive deals with their major clients, notably automakers and appliance manufacturers. Mittal’s company, however, controlled about 40 percent of the American market for the flat-rolled steel used to make cars, which allowed the giant steelmaker to negotiate more favourable prices. In 2004 Mittal merged his companies, Ispat International and LNM Holdings, and acquired Ohio-based International Steel Group. The newly created company, Mittal Steel Co. NV, emerged from the deal as the world’s largest steelmaker. Two years later Mittal oversaw another merger when Mittal Steel joined with Arcelor to form ArcelorMittal.
Mittal, who was sometimes described as being media shy, often made news for his notable expenditures, including a record £70 million ($128 million) for a 12-bedroom home in London and an estimated $60 million for his daughter’s 2004 wedding in Paris. His donation of £125,000 (about $180,000) to the Labour Party in 2001 created controversy when it was learned that Prime Minister Tony Blair had helped Mittal purchase a steel company in Romania even though Mittal’s firms backed a U.S. tariff opposed by British steel producers.
(NET WORTH- 11.8 billion )
(Source Of Wealth –banking )
Uday Kotak (born 15 March 1959) is an Indian billionaire banker, and the executive vice chairman and managing director of Kotak Mahindra Bank.
Early life and education
His two pastimes had been cricket and playing the sitar. In a 2014 interview with NDTV he admitted that he was no longer pursuing his playing of the sitar.
His talent in mathematics influenced his choice of career. He earned a bachelor’s degree from Sydenham College and completed a postgraduate degree in management studies in 1982 from Jamnalal Bajaj Institute of Management Studies.
After completing his MBA, Kotak started Kotak Capital Management Finance Ltd (which later became Kotak Mahindra Finance Ltd). From a seed capital of less than US$80,000 borrowed from family and friends, he converted a bill-discounting start-up into a financial services conglomerate with assets of US$19 billion (as of March 2014), and the second largest schedule commercial bank by market capitalization in India (private and PSU) with over 1250 branches.
During 2014, Kotak almost doubled his wealth as shares of his Kotak Mahindra Bank hit an all-time high after he sealed a $2.4 billion deal in November 2014 for rival ING Vysya Bank, partly owned by Dutch financial services group ING.
In 2015, Kotak enters the general insurance business and is partnering telecom magnate Sunil Mittal’s Bharti Airtel to start a small payments bank.
Kotak has reduced his stake in the Kotak Mahindra Bank to 30% as of now, as he is required to bring it down to 20% as per RBI directions.
In August 2019 he was reported to be one of the most highly paid CEOs of any Indian bank with a monthly salary of ₹27 lakh (US$38,000).
6)Kumar Mangalam Birla
(NET WORTH -11.1 billion )
(Source Of Wealth– commodities )
Kumar Mangalam Birla (born 14 June 1967) 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.
Early life and education
He was born in Kolkata and raised in Mumbai. He did his high school from Sydenham College of Commerce and Economics and a bachelor’s degree from H.R. College of Commerce and Economics of the University of Mumbai, and a MBA degree from London Business School, He is also a Chartered Accountant from Institute of Chartered Accountants of India (ICAI). http://www.safenet.com
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 increased from US$3.33 Billion in 1995 to US$48.3 billion in 2019.
Birla has received several awards, including the International Advertising Association’s “CEO of the Year Award” in 2016; the US India Business Council’s “Global Leadership Award” in 2014; Economic Times “Business Leader Award” in 2003 and 2013; Forbes India Leadership Award – Flagship Award “Entrepreneur of the Year 2012; NDTV Profit Business Leadership Awards 2012, “Most Inspiring Leader”; CNBCTV18 IBLA “Business Leader for Taking India Abroad 2012”; CNN-IBN “Indian of the Year Award 2010”; JRD Tata “Leadership Award 2008”; NDTV’s “Global Indian Leader of the Year 2007”.
An educationist, Birla is the Chancellor of Birla Institute of Technology & Science (BITS). He is chairman of IIT Delhi, IIM Ahmedabad and chairman of Rhodes India Scholarship Committee for Oxford University. He serves on London Business School’s Asia Pacific Advisory Board and is an honorary fellow of the London Business School.
(NET WORTH – 11.1 billion )
(Source Of Wealth –investments, retail )
Radhakishan Damani is a Mumbai-based investor and entrepreneur. The self-made billionaire is the owner of the country’s third-largest mega-retail stores’ chain, ‘DMart.’ Radhakishan considers the first-generation investor Chandrakant Sampat as his mentor. He claims he has learned the techniques of dealing with risky business situations from Sampat. He started his career as a business trader, but a financial crisis at his home after his father’s death led him to become a stock-market investor. A few of Radhakishan’s initial years in the stock market were spent in observation and speculation. During this phase, he closely followed the stock-market strategies used by Manu Manek, one of the most dreaded market operators of the time.
Childhood & Early Life
- Radhakishan was born in 1954, into an Indian Marwari family. His father, Shivkishanji Damani, was also part of the stock-market business. Radhakishan has a brother named Gopikishan.
- Radhakishan attended the ‘University of Mumbai’ to pursue BCom but dropped out to start his career as a businessman
- Radhakishan started his career as a trader in the business of ball bearings. Back then, he had no interest in the stock market. Unfortunately, the untimely death of Radhakishan’s father led him to step into the stock market.
- Radhakishan closed his business and joined his brother, who was already part of the stockbroking business. Radhakishan was then in his late 20s then and had no practical knowledge about the business. Hence, Radhakishan’s first move was to observe and learn the functioning of the stock market. He began speculating and made his first stock-market investment at the age of 32.
- However, Radhakishan soon realized that mere speculation would not help him establish himself in this risky business. He then began learning ways to invest and grow capital. During that phase, Radhakishan was profoundly influenced by Chandrakant Sampat, a value investor whom he had met in the early 1990s. Radhakishan had a few initial failures, as he lost some of his initial bets. Since then, he decided to make long-term investments. Soon, he began to succeed.
- Radhakishan enriched his experience of the stock market by watching Manu Manek, the dreaded market operator of that time who ruled ‘Dalal Street’ in the 1980s. Radhakishan analyzed the operational strategies of Manek (often referred to as “The Cobra” by the brokers who disliked him) closely. It took him a few years to apply Manek’s strategies practically. This later helped him overpower Harshad Mehta, the mastermind of the 1992 ‘Securities Scam,’ which is known as one of the biggest scams in the history of the Indian stock market.
(NET WORTH -9.5 billion )
(Source Of Wealth –vaccines )
Cyrus Poonawalla was born in a family whose ancient business was horse racing and they owned Poonawalla Stud Farms. He did his schooling from Bishops School, Pune and completed his graduation from Brihan Maharashtra College of Commerce (BMCC) in 1966. He was awarded a PhD in 1988 by the Pune University for his thesis entitled as “Improved Technology in the Manufacture of Specific Anti-toxins and its Socio-Economic Impact on the Society”.
By the age of 20 Dr. Poonawalla realized that horse racing had no future in India. So he experimented with cars. He along with his friend built a $120 prototype sports car modeled on the D-type Jaguar. But producing such cars on commercial basis would require huge capital than they had. So Dr. Poonawalla relinquished that idea, and realized that making car for the masses is a better choice than targeting just the elite community of society. During that time horses were donated to government owned Haffkine Institute in Mumbai, which made vaccines using horse serum.
- 1996-Dr. Poonawalla with his brother Zavary founded Serum Institue of India which launched its first therapeutic anti-tetanus serum within just two years and started with the production of the anti tetanus vaccines.
- 1974-They began producing DTP vaccine, which protects children from diphtheria, tetanus and pertussis and then introduced an anti-snake venom serum for snake bites.
- 1989-They started with the production of the Measles Vaccine M-VAC and in a year Serum Institute became the nation’s largest vaccine manufacturer.
- 1994-Cyrus Poonawalla’s Serum Institute was commissioned by the World Health Organization to export vaccines from India and began supplying high quality vaccines to U.N. Agencies such as PAHO (Pan American Health Organisation) and UNICEF.
- 1998-By 1998 Serum Institute was supplying vaccines to over a 100 countries.
- 2000-By 2000 one out of every two children was vaccinated by vaccines of Serum Institute of India.
Serum Institute Of India has over the years emerged as India’s leading Biotech company and presently is exporting vaccines to more than 140countries around the world.
(NET WORTH – 8.7 billion )
(Source Of Wealth –commodities, ports )
Gautam Shantilal Adani (born 24 June 1962) is an Indian billionaire industrialist who is the chairman and founder of the Adani Group — an Ahmedabad-based multinational conglomerate involved in port development and operations in India. Adani is the president of the Adani Foundation, which is primarily led by his wife, Priti Adani.
He founded the Adani Group in 1988 and diversified his business into resources, logistics, energy, agriculture, defence and aerospace, amongst others.
Gautam Adani was born on 24 June 1962 in a Jain family to Shantilal and Shanti Adani in Ahmedabad, Gujarat.He has 7 siblings and his parents had migrated from the town of Tharad in the northern part of Gujarat . His father was a textile merchant. He was educated at Sheth Chimanlal Nagindas Vidyalaya school in Ahmedabad.
In 1978, as a teenager, Adani moved to Mumbai to work as a diamond sorter for Mahendra Brothers. He worked there for 2-3 years before establishing his own diamond brokerage firm at Zaveri Bazaar, Mumbai.
In 1981, his elder brother Mansukhbhai Adani bought a plastics unit in Ahmedabad and invited him to manage the operations.
In 1985, he started importing primary polymers for small-scale industries. In 1988, Adani established Adani Exports Limited, now known as Adani Enterprises Limited – the holding company of the Adani Group.
In 1991, the economic liberalization policies turned out to be favorable for his company and he started expanding the businesses into trading of metals, textiles, and agro products.
In 1993, the Government of Gujarat announced managerial outsourcing of the Mundra Port and in 1995, Adani got the contract.
In 1995, he set up the first jetty. Originally operated by Mundra Port & Special Economic Zone, the operations were transferred to Adani Ports & SEZ Limited (APSEZ)
In 1996, the power business arm of the Adani Group – Adani Power Limited was founded by Adani. Adani Power holds thermal power plants with a capacity of 4620 MW, the largest private thermal power producer of the country.
In 2006, Adani entered the Power generation business. From 2009 to 2012, he acquired Carmichael Coal in Queensland and Abbot Point Port in Australia.
10) Dilip Shanghvi
(NET WORTH – 7.6 billion )
(Source Of Wealth – pharmaceuticals )
Dilip Shanghvi (born 1 October 1955) 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
Dilip Shanghvi hails from a Jain Bania family who was born in the small town of Amreli in Gujarat to Shantilal Shanghvi and Kumud Shanghvi. Shanghvi earned a Bachelor of Commerce degree from the University of Calcutta.He spent his childhood and college life with his parents in the Burrabazar locality of Calcutta.
.Shanghvi started Sun Pharmaceutical Industries with capital of INR 10,000 in 1982 at Vapi, with one psychiatry drug.
. In 1997, Sun acquired Caraco Pharma, a loss-making American company, with the aim of expanding Sun’s reach in the United States
.Shanghvi stepped down as chairman and CEO in 2012 and chose Israel Makov, formerly CEO of Teva Pharmaceuticals, as his successor
.In April 2014 Sun, Ranbaxy, and Daiichi Sankyo (the majority shareholder in Ranbaxy) agreed that Sun would acquire all outstanding shares of Ranbaxy for $3.2 billion 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 fifth largest in the world, and made Daiichi the second largest shareholder in Sun.