India, for centuries, has been famous for generating wealth using enterprise. Right from the ancient schedule, there have been countless wealth in India. In the 16th century, India and China-controlled about 40 percent of world trade. The Nizam of Hyderabad was supposed to be the wealthiest monarch in the world. One of the most priceless treasures globally, the Kohinoor diamond, was taken away by the Persian invader, Nadir Shah when he attacked India in the 18th century.
The diamond was a part of the famous Peacock Throne, taken to Iran and then, later on, was transported to Great Britain. With time, wealth permeated to different sections of society due to industry and commerce’s advancement, instead of the nobility. In present times, there are lots of billionaires in India. Now, let us encounter the top ten wealthiest people in India.
1) Mukesh Ambani
Whenever one thinks of billionaires in India, the first name that comes to the mind is Mukesh Ambani. Mukesh Ambani, the petrochemical giant Reliance Industries chairman, is worth 75.7 billion USD and is fifth on the global richest list. The company has steadily diversified into other areas, away from its core areas like petrochemicals and newer areas like telecom and retail. Reliance Jio is one of the pinnacle telecom networks in the country today, worth 20 billion USD.
2) Shiv Nadar
The founder and head of the IT conglomerate HCL Technologies, Shiv Nadar is 2nd on the list, with 16.5 billion USD. The company is a 23 billion USD firm and has a presence in more than forty-five countries worldwide. HCL Technologies is into both software and hardware.
3) Radhakishan Damani
Radhakishan Damani, the quintessential man with simple habits, is worth a staggering 15.1 billion USD. He has a rank of 110 on the list of wealthiest people globally. He is a stock market investor and is the founder of the giant supermarket store Dmart, which became public in 2017. Due to its fantastic business model, it has grown on to become one of the world’s most valuable supermarket chains. Its parent firm Avenue Supermarkets is much more profitable than its competitors, as per reports.
4) Gautam Adani
The poster boy of Indian entrepreneurship and one of the most successful rags to riches story. Gautam Adani started his journey as a diamond trader in Mumbai in 1978 and then found the Adani Exports Limited, which was later renamed as the Adani group in 1988. Today, he is worth an unbelievable 12.7 billion USD and is fourth on India’s wealthiest people. He has a rank of 139, on the most affluent people globally. He owns the largest port in India, the Mundra port, and has activities in various other businesses such as renewable energy power generation, commodities, and transmission, etc.
5) Cyrus Poonawala
Cyrus Poonawala is one of the pioneers of the Indian pharmaceutical industry. He has a wealth of 11.8 billion USD. The Serum Institute of India was founded in 1966, and currently, it is the largest producer of influenza, polio, and measles vaccines. Now, the firm is also making two vaccines for COVID-19 and is leading the research in this field. He has a ranking of 150th in the list of wealthiest people globally.
6) Uday Kotak
Uday Kotak is another big rags to riches story. He is an MBA by profession and initiated Kotak Capital Management Finance Ltd. The initial investment was approx 80000 USD. The company has grown to a massive financial services giant, having a net worth of 19 billion USD as of 2014. Kotak Mahindra Bank has grown to be the second-largest bank in India with over 1250 branches. Uday Kotak has total assets of 11.5 billion USD and is at the rank of 155th on the global richest list.
7) Sunil Mittal
Who can forget Bharti Airtel? The brand is synonymous with the telecom revolution in India. It is often said that had liberalization not happened in the 1990s, a company like Bharti Airtel would not have emerged. Sunil Mittal, the founder of this telecom giant, has assets of 11 billion USD. Bharti Airtel is one of the largest and the second-largest telecom company in the country. It operates in over eighteen countries, across Africa and Asia, and has almost 399 million customers. In 2016, Bharti Airtel had a revenue of 14.75 billion USD.
8) Lakshmi Mittal
The steel king, was once, one of the richest men in Britain, even eclipsing Her Majesty Queen Elizabeth. He holds the designation of Chairman and CEO of Arcelor Mittal and has an unbelievable worth of 9.4 billion USD. He is renowned for turning sick steel, making firms into very profitable companies. Just recently, he purchased the bankrupt Essar Steel, which was owned by the Ruia brothers. Today, he has a rank of 192 on the global rich list.
9) Kumar Birla
The poster boy of one of the oldest business groups in India, Kumar Birla is the head of the Aditya Birla Group and has enviable assets worth 8.5 billion USD. He is the ninth richest person in India. The Aditya Birla Group is making cement, aluminum, and retail, financial services, and telecom.
10) Dilip Sanghvi
Dilip Sanghvi is another classic example of rags to riches story, worth a massive 8 billion USD. He is the creator of Sun Pharma, which is the largest maker of generic drugs. Besides, he has also put a lot of money in oil and energy ventures. He holds a rank of 240th position on the global rich list.
In this article, readers will get detailed information about the top ten wealthiest people in India.