Who are the richest people in India? Or you may ask ‘Who is the richest man in India?’. We present the top 10 richest people in India along with their net worth. Below is the list of those billionaire men and a brief biography about them. If you are looking for list of top 20, top 50 or top 100 richest people in India then visit here.
Note: This info below may change with time. hence, better cross-check with Forbes Indian Billionaires.
1) Mukesh Ambani – $22.3B Richest Man in India
Son of one of the most renown businessman in India, Mukesh Dhirubhai Ambani occupies the first spot in this top 10 list. Read more about him here. He inherited the business from his father late Dhirubhai Amabani and then he took it to new heights. Currently, he is the Chairman and Managing Director of Reliance Industries. Under his reign, Reliance Industries diversified into many other businesses like Solar Energy, Logistics, Infrastructure and Oil and Natural gas exploration in India.
His net worth stands near to twenty-two Billion US Dollars. He resides in the most expensive house in the world. At one point of time, he joined the prestigious IIT Bombay for engineering. However, he left it to join Institute of Chemical Technology in Mumbai.
2) Lakshmi Mittal – $20.7B Second in list of Richest people in India
Based in United Kingdom, Lakshmi Niwas Mittal is an Indian citizen. He was born in the state of Rajasthan in India and belongs to the ‘Marwari’ community. He is the CEO and Chairman of ArcelorMittal. ArcelorMittal is the largest steel manufacturing company in the world in terms of steel production. Mittal’s father was also a steel businessman.
Mittal took forward the legacy of his father and catapulted the newly formed ArcelorMittal to new heights. He is the second richest man in India. He is also known as ‘steel-mogul’ in business magazines. He is also director of Goldman Sachs. He was once the richest Indian but lost the position to Mukesh Ambani in 2007.
3) Azim Premji – $15.9B – Third Richest Man in India
With a net worth close to 16 Billion US Dollars, Azim Premhi ranks third in this list of top 10 richest people in India. He is the chairman of Wipro. Wipro was founded by his father Hasham Premji and it sold ghee as well as vegetable oils. Azim Premji transformed this company into a technology firm. It is the third largest IT Company in India. (Source)
In the list of richest people in the world, he ranks 71 according to Forbes. And he ranks 61 in the list of most powerful people in the world by Forbes. He dropped-out of Stanford University to join Wipro after his father’s death.
4) Pallonji Mistry – $9.8B – Fourth Richest Person
Ranked four in the list of India’s richest people, Pallonji Mistry is Chairman and Managing Director of Shapoorji Pallonji Group. He has acquired an Irish citizenship. His son Cyrus Mistry will take over reigns of Tata Group from Ratan Tata. Shapoorji Family owns around 18.4 percent stakes in Tata Group and also this family is largest individual share-holder in Tata.
5) Dilip Shanghvi – $9.2B – One of the Richest People in India
A graduate in Commerce from Calcutta University, Dilip Shanghvi is the fifth richest Indian with a net worth of $9.2B! He founded the company Sun Pharmaceuticals in the year 1982. Sun Pharmaceuticals is a pharma research and drug discovering company. Since its inception, Shanghvi has been Managing Director. It is also India’s most valuable pharma company ahead of Ranbaxy, Cipla and Dr. Reddy’s. (Source: Economic Times)
6) Adi Godrej and Family – $9B – Parsi Billionaire
With a net worth of Nine Billion US Dollars, Adi Godrej ranks sixth among top 10 richest people in India. He is head of Godrej Group. Godrej Group was founded by Adi Godrej’s grandfather who was a lawyer. It is involved in diversified business ranging from Real Estate to furniture. Adi is also an alumnus of Massachusetts Institute of Technology. He received the Rajiv Gandhi Award in 2002.
7) Savitri Jindal – $10.9B Richest Woman in India
Widow of Om Prakash Jindal, Savitri Jindal is the richest woman in India. She is the chairperson emeritus of Jindal Steel and Power, a company which was founded by OP Jindal. She is also a MLA from Indian state of Haryana. She ranks #4 in this top 10 richest people in India.
8) Ravi & Shashi Ruia – $7B
Both are brothers and founder of Essar Group. In the initial days, Essar Group was mainly a construction company. Later on, it diversified into steel and oil refining. Shashi Ruia is the Chairman while his brother is the Vice-Chairman of Essar Group.
9) Hinduja Brothers – $8B
This group consists of four brothers named Srichand, Gopichand, Ashok and Prakash Hinduja. All the four are key people of Hinduja Group. Hinduja Group was founded by their father Parmanand Deepchand in 1914. This group has diversified business all over the world. It also acquired Houghton International in November 2012. Hinduja brothers are also in news for their purchase of expensive palaces near Buckingham Palace.
10) Kumar Birla – $7.8B
Net worth close to Eight Billion dollars, Kumar Mangalam Birla is the last in our compilation. He is the Chairman of Aditya Birla Group. He studied from University of Mumbai and London Business School.
Note: Source for this artile ‘Richest People in India’ is Forbes. These top 10 may lose and gain ranks. We will try our best to update the list frequently. You can check fresh updates on Forbes Site.