Amid the controversial comments of Snap chat CEO, labeling India as poor; we present you the list of most influential and richest Indian. It’s been raining Billionaires in India. According to Forbes, India is home to 101 billionaires making it the most significant and emerging market in the World.
India, being a promising market with lots of opportunity provides opportunity to all. One can easily find two kind of rich person, firstly, the one who are born with Golden Spoon and secondly, the one who started from bottom and now are one of the esteemed business executives. India ranks fourth in the list of Billionaires only behind China, USA and Germany. Let’s have a detailed look into the list of top 10 richest men in India as of 2020.
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10. Cyrus Poonawalla
Net Worth – $8.9 Billion
Cyrus S. Poonawalla is the chairman of famous Poonawalla group which also embraces Serum Institute of India. The aforementioned biotech company is responsible for manufacturing Vaccines for infants, children and adolescents. Poonawalla is ranked 129th richest person in the world. Cyrus Poonawalla also known as vaccine billionaire made his fortune with Serum Institute. He set up the Institute way back in 1966 and it is at present, one of the World’s largest vaccine maker producing 1.3 billion doses annually. The organisation recorded a record profit of $360 million on revenue of $695 million for financial year 2016. His son Adar helps him run the organisation and was in the Forbes’s list of Asia’s Heroes of Philanthropy.
9. Kumar Birla
Net Worth – $12.6 Billion
Kumar Mangalam Birla , the chairman of Aditya Birla group and chancellor of the Birla Institute of Technology and Science makes into the list . The owner of $41 billion Aditya Birla Group is gradually re-structuring his empire. In the last few deals he had initiated a merger of Aditya Biral Nuvo with Grasim Industries subsequently the de-merger of financial service business into a separate company. He was the main person behind the merger of his telecom unit Idea and Vodafone’s Indian branch to jointly take on Reliance Jio.
8. Shiv Nadar
Net Worth: $13.2 Billion
The co-founder of a Garage startup HCL, Shiv Nadar, had seen significant change in his fortunes. The famous IT pioneer is the founder and chairperson of HCL technologies, which is one of the India’s top software service providers. HCL has always been active in market for his acquisition streaks. Last year, HCL acquired Geometric, a Mumbai based software firm owned by the Godrej family in a $190 million share swap. Also, HCL acquired the Butler America Aerospace, a defense and aerospace firm for $85 million. Shiv nadir was awarded the Padma Bhushan in 2008 for his unparalleled work in IT Industry.
7. Godrej Family
Net Worth: $12.4 Billion
The kin is the owner of the $4.6 billion revenue Godrej group. The brand was established as a consumer goods giant and is 119 year old. Adi Godrej, at present has been the mainstay of the organisation. Godrej boosted their presence in Africa as they acquired three personal care companies in Zambia Kenya and Senegal. The organisation was set up by a Lawyer Ardeshir Godrej, who started to mold up locks in 1897. He also launched first of its kind world’s first soap product made from vegetable oil. The organisation deals in Real estate, Consumer products, Industrial engineering, appliances, furniture and agricultural products.
6. Lakshmi Mittal
Net Worth $14.4 Billion
An Indian steel baron based in United Kingdom, Lakshmi Niwas Mittal was named the third richest person in 2005. He is the chairman and CEO of ArcelorMittal, world’s largest steel making company. He also owns 11% stakes in Queens Park Rangers Football Club based in London. Mittal is also a member of Boards of directors of Airbus Group, The World’s Economic Forum’s International Business Council and member of Indian Prime Minister’s Global Advisory council. Most recently, ArcelorMittal made a one time savings of $832 million from new labor contract signed with its U.S workers. The organization along with Italian steel firm Marcegaglia are planning to acquire Italy’s loss making group Ilva.
5. Pallonji Mistry
Net Worth – $14.4 Billion
Pallonji Shapoorji Mistry is an Irish Indian construction magnate and chairman of Shapoorji Pallonji Group. His group is the proud owner of Shapoorji Pallonji Construction Limited, Forbes Textiles and Eureka Forbes Limited. Also, he is the single largest shareholder in India’s largest private corporation Tata Group. He is father of Cyrus Mistry, former chairperson of Tata Sons. Pallonji Mistry was awarded Padma Bhushan in January 2016 by the Government of India for amazing work in trade and Industry.
4. Azim Premji
Net Worth: $15.8 billion
A fantastic Business tycoon, investor and philanthropist, Azim Hashim Premji is the chairperson of Wipro Limited. He is also referred as Czar of the Indian IT Industry .He has been guiding Wipro through five decades of diversification and development to one of the global leaders in software industry. Wipro has been India’s third largest out-sourcer. Most recently, Wipro acquired Appirio, an Indianapolis based cloud computing firm for $500 millions. He has been twice listed in 100 most influential people by TIME magazine.
3. Hinduja Family
Net Worth: $16 Billion
Hinduja Group is a multinational empire dealing in various business like trucks nad lubricants to banking and cable television. A group of four close siblings, Srichand, Gopichand, Prakash and Ashok controls the organisation. Under the leadership of chairman Srichand the group has become one of the largest diversified groups in the world. The group is proud owner of companies like Ashok Leyland, Hinduja Bank Ltd., Hinduja Ventures Ltd., Gulf Oil Corporation Ltd., Ashok Leyland Wind Energy and Hinduja Healthcare limited. Srichand and Gopichand reside in London, where headquarter of organization is located. Prakash resides in Geneva, Switzerland and the youngest sibling Ashok is responsible for Indian interest of the organization.
2. Dilip Shanghvi
Net Worth: $16.9 billion
Dilip Shanghvi, the Indian businessman and co-founder of the Sun Pharmaceuticals is the second richest person in India. His father was a Pharmaceutical distributor and Dilip borrowed $200 from his father to start Sun in 1983 to produce psychiatric drugs. The organisation is world’s fifth largest generics maker and India’s most valuable pharmacy company with revenue of $4.1 billion. The organisation developed through a series of acquisition most notably that of rival company Ranbaxy Laboratories for $4 billion in 2014.His growth was shattered in the last two years when U.S. food and Drug Administration observed some lapses in manufacturing process. Dilip Shanghvi was honored with Padma Shri by the Government of India in 2016.
1. Mukesh Ambani
Net Worth: $44.2 Billion
Mukesh Ambani is the richest man in India as of current year 2020 with a net worth of $44.2 billion. Mukesh Dhirubhai Ambani is the chairman, Managing director and largest shareholder of Reliance Industries Limited commonly known as RIL. RIL is India’s second most valuable company in terms of market values and is a Fortune Global 500 company. RIL is a trusted name in refining, petrochemical and Oil and Gas sectors. Mukesh Ambani had held the title of richest person in India for past 10 years. He also owns Indian Premier League Franchise Mumbai Indians. He was named one of the richest sports owners in the world. Mukesh Ambani was awraded the Global Leadership award by Business council for International Understanding in 2012.
India has always offered significant shares in every department. Also, in the list of richest person or billionaires, India is ranked in Top 4 countries with maximum billionaire. Post demonetisation, 11 of the billionaire including few e-commerce tycoons were unable to make it to the list. Mumbai is the capital of super rich person with 42 billionaire followed by Delhi with 21 billionaires. India is a land of opportunity and if one has ability and dedication, success can be achieved.