India is home to some insanely wealthy families and individuals known across the globe. India has the third largest group of rich people after the US and China — 121 people out of the 2068 individuals that Forbes took into account for its annual ranking were Indians. We have compiled an exhaustive list of the top richest people in India for the year 2020. Their net worth is based on the data from 2019 available on their respective Forbes profiles .
Know more about the daily, monthly, and annual salary of the top 10 richest people in the world.
Chairman - Reliance Industries
Net Worth - $57.1 Billion
Mukesh Ambani is an Indian billionaire businessman and tops this list. He is the chairman and a managing director on the board of Reliance Industries which mainly deals with refining, petrochemicals, and the activities in the oil and gas sector. Mukesh Ambani has diversified his reach in the Indian market through several ventures, racing ahead in his net worth and his influence exerted over this developing economy. Reliance Retail—which offers foods, groceries, apparel, footwear, lifestyle, home improvement products, electronic goods, and farm implements—is one of his group's recent offerings. The Ambani family is the owner of Mumbai Indians, an IPL franchise. Mukesh Ambani also owns reliance Jio Infocomm Ltd. which took the telecom sector in India by storm and toppled the monopoly of the oldest players in the domain.
He is currently ranked 13th in the list of world's richest person as of May 2019. He has a stake of approximately 52% in Reliance Industries. Ambani surpassed Jack Ma, founder and executive chairman of Alibaba Group, to become Asia's richest person with a net worth of $44.3 billion in July 2018. Mukesh Ambani is known to make headlines every now and then for the right reason—Saudi based Aramco buying a 20% stake in RIL for a whooping $15 billion, and him completing a 100% acquisition of Hamleys through Reliance Brands, a subsidiary of Reliance Industries.
Mukesh is the oldest son of Dhirubhai Ambani and has a younger brother, Anil Ambani, whose downhill journey to oblivion is known to all. Mukesh Ambani was born on 19 April 1957 in Aden, Yemen and brought up in Mumbai. He graduated in Chemical Engineering from the Institute of Chemical Technology. He is an MBA dropout from the Stanford University. He is a fan of Bollywood movies and watches three movies a week. He quips, "You need some amount of escapism in life."
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2. Radhakishan Damani
Founder - DMart
Net Worth - $17.4 Billion
Radhakishan Damani founded the DMart chain of supermarkets. His retail chain accounts for 91 stores across India and is the third biggest in the industry. He has the ownership of a 52% stake in Avenue Supermarts, the parent company of DMart. His investment company, Bright Star Investments, holds another 16% stake.
Radhakishan Damani is known as Mr. White for of his simplistic way of life coupled with high thinking. He is also a stock investor, broker, and trader. He was ranked 11th in Forbes list of richest Indians. He is well-known for his acumen and shrewdness as an investor.
Damani was born in 1945 in a Marwari family in Bikaner, Rajasthan. He enrolled for a bachelor's degree in commerce but dropped out after the first year.
3. Shiv Nadar
Co-Founder - HCL
Net worth - $16.3 Billion
Shiv Nadar is the chairman and co-founder of HCL and established the Shiv Nadar Foundation. He is a prominent industrialist and philanthropist. Nadar has committed more than $1 billion to philanthropy. He was ranked 16th in the list of most powerful person of India by the India Today magazine. He was ranked 6th in the Forbes list of richest person of India.
Nadar founded HCL in 1976. Nadar was honoured with the third highest civilian award, Padma Bhushan, by the Government of India in 2008. Madras university conferred upon Shiv Nadar an honorary doctorate degree in the year 2007. He was present in Forbes' 48 Heroes of Philanthropy in the Asia Pacific in 2011. Shiv Nadar is among the top 10 richest men in India.
Nadar was born 14 July 1945 in Tamil Nadu. He currently lives in New Delhi. He pursued his degree in electrical and electronics Engineering from Coimbatore. He co-founded HCL in 1976 with an initial investment of Rs. 187,000. Nadar is also nicknamed as Magus by his friends (meaning 'wizard' in Persian).
4. Uday Kotak
Founder - Kotak Mahindra Bank
Net Worth - $15 Billion
Uday Kotak is the founder, MD, and chairman of Kotak Mahindra Bank Ltd. Kotak Mahindra Bank is India's third most valued bank and has a market capitalisation of Rs. 1,60,152 crores. Uday is also a member of the strategic board that advises the national law firm Cyril Amarchand Mangaldas. Anand Mahindra lent 1 lakh to Uday Kotak to start a financial services firm 30 years ago.
He was recognized as the Most Powerful person in The Financial World by Forbes in May 2016. India today magazine ranked him 8th in India's most powerful person list of 2017. He was also the Ernst and Young World Entrepreneur of the Year in 2014.
Born on 15 March 1959 in Mumbai, Uday was brought up in an upper-middle-class Gujarati-Lohana joint-family. He pursued his bachelor's degree from Sydenham College of Commerce and Economics and also holds an MBA degree from Jamnalal Bajaj Institute. He is a math wizard and topped his university in B.Com.
5. Gautam Shantilal Adani
Founder - Adani Group
Net Worth - $13.8 Billion
Gautam Adani is an Indian billionaire industrialist. He is the chairman and founder of the Adani Group. The Adani Group is an Ahmedabad-based conglomerate involved in port development and operations in India. He is also the president of the Adani Foundation which operates to nurture communities in four chosen areas—education, healthcare, sustainable livelihood, and rural Infrastructure development.
The Adani Group was formed in 1988 and has business interests in the resources, logistics, energy, agriculture, defence, and the aerospace sectors. Gautam Adani holds a 66% stake in Adani Ports & SEZ Limited, a 75% stake in Adani Enterprises, a 73% stake in Adani Power, and a 75% stake in Adani Transmission. He was ranked as the 4th most powerful person in India by India Today Magazine in 2017.
Gautam Adani was born on 24 June 1962 in a Bania family in Ahmedabad, Gujarat. He did his schooling from Seth CN Vidyalaya in Ahmedabad. He is a B.Com dropout from Gujarat University. The Adani group's venture into Australia after a nine year wait is expected to bring huge windfalls for the billionaire. Gautan Adani is the second richest Gujarati.
6. Lakshmi Mittal
Chairman - ArcelorMittal
Net Worth - $12.1 Billion
Lakshmi Niwas Mittal is an Indian Steel magnate, chairman, and CEO of ArcelorMittal. He is the owner of Karrick Limited and the co-owner of Queens Park Rangers F.C. He is popularly known as the King of Steel. In 2007, he became the richest Asian person in Europe. His empire has been subjected to a minor slowdown after the acquisition of an Italian company but Lakshmi Mittal continues to grow every day with his companies consistently reporting double-digit growth year in, year out.
Lakshmi Niwas Mittal is on the board of directors of the European Aeronautic Defence and Space Company. He is a member of the independent board of directors at Goldman Sachs since 2008. He is also related with several charities and firmly supports the development of Indian athletes.
Lakshmi Mittal was born on 15 June, 1950 in Sadulpur, Rajasthan to a traditional Marwari family. He currently resides in London. He pursued his B.Com degree from St. Xavier's College, Calcutta. Mittal is known for his lavish lifestyle and anincredible success statement; the steel tycoon spent an astronomical $60 million approximately on his daughter Vanisha Mittal's nuptials. The spectacle features in Forbes' top ten most outrageous billionaire weddings.
7. Sunil Mittal
Founder - Airtel Enterprises
Net Worth - $11.8 Billion
Sunil Mittal is the founder of Bharti Enterprises which has diversified interests in telecom, insurance, real estate, education, malls, hospitality, agriculture, and food. He was among the early birds who identified the potential in the mobile telecom business and came up with Airtel; Sunil dominated the telecom segment in India through Airtel until Mukesh Ambani stepped in with Jio. Bharti Airtel, a subsidiary of Bharti Enterprises, manages Airtel and is currently focusing on Asia and the African regions.
Sunil Mittal was awarded the Padma Bhushan in the year 2007. He was then elected as chairman of the International Chamber of Commerce in 2016. He is no stranger to laurels and recognition, having been the recipient of awards like Telecom Person Of The Year by Telecom Asia Awards, and Business Leader Of The Year by Economic Times to name a few.
Born on 23 October 1957 in Ludhiana, Punjab, he did his education from Arya College and the Punjab University. At the age of 18, he started his first business by borrowing ₹20000 from his father. His father was an MP from Ludhiana.
8. Cyrus Poonawala
Chairman - Poonawala Group
Net worth - $9.8 Billion
Cyrus Poonawalla is a self-made Indian tycoon. He is the founder of the Poonawalla Group. Cyrus comes from a family that is deeply connected with horse breeding. However, his keen interest in the field of medicine led him to create one of the world's largest vaccine manufacturing and biotech companies—Serum Institute of India.
Cyrus Poonawalla was awarded the Padma Shri for his work and contributions made in the field of medicine. He was also awarded Life Time Achievement award by the then Prime Minister Of India, Dr. Manmohan Singh. With a net worth of $8.3 Billion, Cyrus Poonawala is the 170th richest person on earth.
9. Kumar Managalam Birla
Chairman - Aditya Birla Group
Net Worth - $9.7 Billion
Kumar Birla is an Indian industrialist and the chairman of the Aditya Birla group. He is an educationist as well. Kumar Birla is the chancellor of Birla Institute of Technology & Science (BITS). He is the chairman of IIT Delhi, IIM Ahmedabad, and the chairman of Rhodes India Scholarship Committee for Oxford University. Kumar serves on the Asia Pacific Advisory Board of the London Business School and is an honorary fellow of the London Business School.
Kumar Mangalam Birla was handed over the reins of the Birla group at the age of 28 after the demise of his father in 1998. Under him, the company expanded from $3.33 Billion in 1995 to $41 billion in 2015. He was felicitated with the "CEO of the Year" award by the International Advertising Association, and the Economic Times' “Business Leader Award” in 2003 and 2013. Birla heads the merged entity Vodafone Idea Limited as the chairman and holds 26% of the company shares.
He was born on 14 June 1967 in Calcutta and brought up in Mumbai. He studied B.Com from the HR College of Commerce and Economics, has an MBA degree from the London Business School, and is a chartered accountant from the ICAI (India).
10. Benu Gopal Bangur
Chairman - Shree Cement
Net Worth - $7.7 Billion
The Bangur business empire came into existence in the year 1979 . Gopal Bangur is the owner of Shree Cement, the leading cement producer in India. He is also the chairman of the board of NBI Industrial Finance Co. Ltd. and the director of Khemka Properties Pvt. Ltd. Gopal is ranked 22nd on the list of richest person of India by Forbes.
Benu Bangur holds a 65% stake in Shree Cements. Shree Ultra Ordinary Portland Cement, Shree Ultra Jung Rodhak, Bangur Cement and Tuff Cemento 3556 are the crown jewels of Shree Cement.
Bangur was born in 1931 in Kolkata to a Marwari business family. He is a widow with two children and currently resides in Kolkata. Benu got his formal education in commerce from Calcutta University. He runs a Sanskrit school to promote Indian heritage and culture.
11. Azim Premji
Founder - Wipro Limited
Net Worth - $22.6 Billion
Azim Premji is the second richest person of India and is referred to as the Czar of the Indian IT Industry. He is an Indian billionaire, business tycoon, investor, philanthropist and currently the chairman of India’s third largest software company—Wipro Limited. Wipro Limited is an India-based IT, consulting and business process services (BPO) company headquartered in Bangalore, India. Azim Premji is also the richest person in Karnataka.
The Government of India honoured Azim Premji with Padma Bhushan in 2005 and awarded him the Padma Vibhushan, the second highest civilian award, in 2011 for his excellent work in the field of trade and commerce.
Premji was born on 24 July, 1945 in Mumbai and currently resides in Bangalore. Premji pursued Electrical Engineering (equivalent to a Bachelor of Engineering) from Stanford University, USA. He took over his family's cooking oil business after the death of his father in 1966. Premji owns 73% percent of Wipro. He is also the first Indian to sign up for The Giving Pledge, a campaign led by Bill Gates and Warren Buffett. The Giving Pledge focuses on encouraging the wealthiest individuals to make a commitment to give most of their money to philanthropic causes.
12. Hinduja Family
Ownership - Hinduja Group
Net Worth - $16.9 Billion
The Hinduja Group is one of the biggest Indian businesses with a strong international presence. Founded by Parmanand Deepchand Hinduja, the company is now run by his sons Shrichand, Gopichand, Prakash, and Ashok. Though the Hindujas are Indians, they have soaked in success while staying outside the country. The company headquarters is situated in London. This is also the reason behind the Hinduja Group featuring among the wealthiest companies in Britain.
13. Pallonji Shapoorji Mistry
Chairman - Pallonji Group
Net Worth - $15 Billion
Pallonji Mistry is an Indian businessman, construction tycoon and the chairman of Shapoorji Pallonji Group. He is also known as the Phantom of Bombay house within the Tata group. He holds an 18.4% stake in the Tata Group. Pallonji Mistry also owns Shapoorji Pallonji Construction Limited, Forbes Textiles, and Eureka Forbes Limited. He is a part-owner of the Taj Mahal Hotel.
He was awarded the Padma Bhushan in January 2016 by the Government of India for his contributions in the field of trade and industry. A biography on Mistry titled The Moguls of Real Estate was written by Manoj Namburu in 2008.
Mistry was born to a Parsi family and currently lives in Malabar Hills, South Mumbai. An Imperial College of London alumni, Pallonji Mistry inherited a construction business from his father. Mistry is an Irish citizen since 2003; he gave up his Indian citizenship to marry an Irish-born national. Pallonji Mistry is the richest Irish person with an estimated net worth of 16.2 billion USD. He has a keen interest in horses and owns a stud farm. Despite being an Irish citizen, he hasn't spared any efforts in contributing to India's development as a superpower.
14. Godrej Family
Ownership - Godrej Company
Net Worth - $16.9 Billion
The Godrej company has existed since 1897 and is present in almost every imaginable sector of the Indian economy. The company was founded by Pirojsha and Ardeshir Godrej. The empire is now run by their grandsons Adi, Nadir, and Jamshyd. Adi Burjorji is the head of the Godrej family and the chairman of Godrej Group. He has been the chairman of the Indian School of Business since April 2011.
Ardeshir decided to make locks after seeing the crime rates in 1897. His brother joined him in his venture and the rest is history. Smita Godrej is a third-generation heir of the Godrej family. On a lighter note, almost every family in India still has a Godrej almirah that's at least 20 years old!
15. Dilip Sanghvi
Founder - Sun Pharma
Net Worth - $7.5 Billion
Dilip Sanghvi is the founder of Sun Pharmaceuticals that manufactures and sells pharmaceutical formulations and active pharmaceutical ingredients (APIs) primarily in India and the United States. He started the company in Vapi in 1982 with a capital of INR 10,000. Sun Pharma is the largest drug company in India and the fifth largest in the world. Its drugs have always been in high demand with its major markets consisting of India, the USA, and Japan.
Dilip Sanghvi was honored with the Padma Shri in 2016. He is also a trustee of the Rhodes scholarship programme at Oxford University. He was appointed by the Indian government to the RBI's 21-member central board committee.
Dilip Sanghvi was born on 1 October 1955, in Amreli, Gujarat. He pursued B.Com from the University of Calcutta. He did his schooling and graduation from J. J. Ajmera High School and Bhawanipur Education Society College respectively. Dilip Sanghvi is unanimously considered as the richest businessman in the drug and pharma sector.
16. Burman Family
Ownership - Dabur Pharma Ltd.
Net Worth - $8.4 Billion
The Burman family is responsible for giving us Indians Darbur Chyawanprash, a health product that graces the kitchen shelf of every other Indian. An Ayurvedic practitioner Dr. S.K. Burman started the business in 1880s. His son then went on to set up a research and development facility and also began the mass production of their medicines in 1884. The company is presently handled by the fifth generation of the Burman household. However, Fresenius SE which is based out of Germany, controls more than 74% of Dabur Pharma Ltd.
17. Savitri Jindal
Chairperson - Jindal Group
Net Worth - $8.35 Billion
Savitri Jindal is the chairperson of the Jindal group that deals with steel, power, mining, and the oil and gas domains. The Jindal group is well-known in the manufacturing industry (every Indian knows about Jindal Steels). Savitri took over the company after the death of her husband OP Jindal in 2005 who founded the Jindal Group. After taking charge as the chairperson, the revenue of the company quadrupled.
Savitri Jindal is the richest woman in India, worth over $8.5 billion; she was the world's 453rd richest person in 2016. She is also the world's seventh-richest mother. Savitri was a minister in the Haryana Government and a member of the Haryana Vidhan Sabha from Hisar constituency.
She was born in Tinsukia, Assam and presently lives in Hisar, Haryana. She holds a diploma degree in Education. Her son Naveen is constantly in the limelight for his success as a businessman. She has nine children with Om Prakash Jindal.
18. Bajaj Family
Ownership - Bajaj Group
Net worth - $7.6 Billion
The Bajaj Group owns 37 companies and one among these—Bajaj Motors—is ranked as the fourth largest motorbike manufacturing (two and three wheelers) company in the world. The Bajaj group is involved in industries like home appliances, lighting, iron and steel, insurance, travel, and finance.
The company was started by a Rajasthani Marwari businessman, Jamnlal Bajaj, in 1926. Rahul Bajaj, the grandson of Jamnlal Bajaj manages the company as the chairman. Rahul Bajaj was born in 1938. Besides being at the helm of the conglomerate, he's also a Member of Parliament. In 2001, Rahul Bajaj was awarded the third highest civilian award, Padma Bhushan.
19. Nusli Wadia
Chairman - Wadia Group
Net Worth - $6.8 Billion
Nusli Wadia is the chairman of the Wadia group that deals in textiles, aviation, chemicals, food processing, plantations, media, and real estate. The company was into ship-building on the Ports of Bombay during the British colonial rule. Wadia constantly features in the list of India's most successful businessmen.
He is among the most prominent and influential businessmen from the Parsi community. Wadia is the chairman of Britannia Industries Ltd. which sells Britannia and Tiger brands of biscuits, bread, and dairy products. Mr. Wadia is also the chairman and the major owner of Bombay Dyeing. The Wadia group also owns GoAir Airlines that functions in the Indian airspace. Mr Wadia has been famously called "the epitome of South Bombay's old money and genteel respectability" by the Economic Times.
Nusli Wadia is of British Parsi origin. He was born on 15 February 1944 in Mumbai. He did his schooling from Cathedral and John Connon School and graduated from the University of Florida. Nusli Wadia is the grandson of Muhammad Ali Jinnah.
20. Madhukar Parekh
Chairman- Pidilite Industries
Net Worth- $5.8 Billion
Madhukar Balvantray Parekh is the chairman and executive director of Pidilite Industries, a global company in adhesives and construction chemicals. Fevicol, Dr. Fixit, M-Seal, Fevikwik, and Fevistik are some of the big names in the Pidilite chain.
Parekh serves as the chairman, executive director and MD of Vinyl Chemicals India Limited. He is also an independent non-executive director of Excel Industries Limited. Under his leadership, the company won many prestigious awards like the ‘Most Promising Company of the Year’ at the CNBC, 11th India Business Leader Awards.
Madhukar was born in 1945 in Mumbai. He currently lives in Mumbai. Parekh is a Gold medalist holder from the Institute of Chemical Technology (ICT), a leading chemical technology research institute in India. His father, Balvantray Kalyanji Parekh was the founder of Pidilite Industries. His father was popularly known as 'India’s Fevicol Man'.
21. Vikram Lal
Former CEO - Eicher Motors
Net Worth - $4.3 Billion
Vikram Lal is the founder and former CEO of Eicher Motors which manufactures motorcycles and commercial vehicles. He is also the president of Common Cause, a public interest NGO pursuing major issues relating to reform, governance, and the enforcement of the law. From 67th position in 2013, Lal jumped many places and ended up 20th in the Forbes list of richest person of India for 2018.
Eicher Motors is the parent company of Royal Enfield, a manufacturer of middleweight motorcycles. Eicher Motors holds a majority stake of 60% in Royal Enfield. His son Siddharth Lal is the current CEO of Eicher Motors and Royal Enfield.
Lal was born in 1942 in Delhi and presently lives in Delhi. He pursued his Bachelor's in Mechanical Engineering from Technical University Darmstadt in West Germany. He is also on the board of directors of 'The Doon School'. His NGO, Goodearth Education Foundation (GEF), has been working with state governments and other NGOs in primary education for more than 10 years.
22. Vivek Chaand Sehgal
Chairman - Samvardhana Motherson Group
Net Worth - $3.2 Billion
Vivek Chaand Sehgal is an Indian-born Australian billionaire Businessman. He is the chairman, co-founder, and promoter of Samvardhana Motherson Group which manufactures auto parts. He co-founded the SM Group along with his mother in 1975. He has acquired 11 companies over a period of 12 years.
Sehgal established Motherson Sehgal Cables in 1977. The flagship company of the group, Motherson Sumi Systems, was established in 1986. SM group is a joint venture with Sumitomo Wiring Systems (Japan). Vivek Sehgal has an astounding experience of 36 years in the auto industry.
Born on 1 February 1957 in Delhi, Sehgal currently resides in the Indian capital. He holds a bachelor's degree from Delhi University. Sehgal is the ninth richest Australian on its 2018 Rich List. He acquired Australian citizenship in 2017. He is popularly known for throwing big parties when Motherson meets its annual targets.
23. Kushal Pal Singh
Former Chairman - DLF Ltd.
Net Worth - $5.4 Billion
Kushal Pal Singh is the former CEO and chairman of DLF Limited. DLF Ltd. (Delhi Land and Finance) is India's largest commercial real estate developer. DLF Limited was founded by his father-in-law Chaudhary Raghvendra Singh. DLF has a land of 3000 acres in Gurugram christened as DLF city.
Singh was honoured with Padma Bhushan Award on 26 January 2010 by the Government of India. He was recognized by Forbes magazine as the richest real estate baron and the eighth richest person in the world on 24 March 2008.
KP Singh was born on 15 November 1931 in Uttar Pradesh. He did Aeronautical Engineering in the UK and was also selected in the Indian Army by the British Officers Services Selection Board, UK. An Autobiography named 'Whatever the Odds: The Incredible Story Behind DLF' was launched in 2011.
24. Ajay Piramal
Chairman - Piramal Group
Net Worth - $4.6 Billion
Ajay Piramal is the chairman of the Piramal Group and the Shriram Group which has its interests in pharma, healthcare, and real estates. He is a non-executive member of Tata Sons Ltd., and a member of the Board of Trade constituted by the Ministry of Commerce. He is also the president and chairman of Anant University.
In 1999, he was awarded the CEO of the Year Award’ by the World Strategy Forum. He was also awarded Business Leader of the Year Award 2018, International Advertising Association Leadership Award 2018, Special Achievement Award, Asia Pacific Entrepreneurship Awards (APEA) 2018, CNBC Asia’s India Business Leader of the Year Award for in the same year. He received the CNBC Asia Business Leader of the Year Award in 2017.
Piramal was born on 3 August 1955 in Rajasthan. He pursued his Master's degree in Management Studies from Jamnalal Bajaj Institute of Management Studies, University of Bombay. He is passionate about wildlife photography and actively pursues it whenever time permits.
25. Acharya Balkrishna
Chairman - Patanjali Ayurved
Net Worth - $5 Billion
Acharya Balkrishna is the MD and chairman of Patanjali Ayurved. He is a close aide of Baba Ramdev and is credited for the success of Patanjali. The duo also founded Divya Pharmacy in 1995. It is headquarterd in Uttarakhand, India. Patanjali Ayurved is an ayurvedic consumer goods manufacturing company involved in the manufacturing and the trade of FMCG, herbal, and ayurvedic products. Its revenues are around $1.7 billion as recorded in the financial year 2017-18. Balkrishna has an individual ownership of approximately 98.6% in Patanjali Ayurved.
Acharya was born on 24 July 1972 in Haridwar City. He lives in Haridwar and is unmarried. He completed his formal education under the guidance of Late Acharya Shri Baldevji at the Gurukul at Kalwa. In 2009, magazines like India Today and Outlook acknowledged him among the ‘Ten Versatile and Dynamic Young Men of India’. He has an honorary Degree of Doctor of letter (Yoga). Balkrishna is the ‘Most Followed Entrepreneur’ on Facebook.
26. M.A. Yusuff Ali
Chairman - Lulu Group International
Net worth - $4.2 Billion
M.A. Yusuff Ali is the founder and MD of Lulu Group International. The Lulu group owns various malls and hypermarkets all around the world. After completing his studies, Yusuff shifted to Abu Dhabi and joined his uncle in his business. He launched the first Lulu store in 1990 and hasn't looked back since then. The business tycoon is aggressively expanding his chain of malls in India with states like Kerala being the entry point.
27. Subhash Chandra
Chairman - Essel Group
Net worth - $2.5 Billion
Subhash Chandra, also known as the father of Indian television, is counted among the most revered self-made billionaires in India. Subhash Chandra believes in giving back to the society and his various initiatives are a testimony. Subhash started Essel as a plastic packaging company. In 1992, by collaborating with Star TV, he launched Zee TV in Hong Kong. Zee TV has played a pivotal role in connecting the Indian audience with the television.
28. Pankaj Patel
Chairman - FICCI, IISER, Zydus Hospitals
Net worth - $3 Billion
With the title of "Best Pharma man of the year 2003" under his belt, Pankaj Patel undoubtedly deserves the respect he gets. He is the chairman of the Federation of Indian Chambers of Commerce and Industry (FICCI), Indian Institute of Science Education and Research (IISER) Kolkata, IIT Bhubaneswar, and the finance committee of the IIM, Ahmedabad. Moreover, he is the vice president and trustee of the Gujarat cancer society and the chairman of the Gujarat cancer and research institute.
29. Sameer Gehlaut
Chairman - Indiabulls
Net worth - $2.5 Billion
Sameer Gehlaut, with his friend Rajiv Rattan, bought a non-operational Delhi-based startup, Orbitech Pvt. Ltd. Sameer and Rajiv worked in an office with a tin roof and 2 computers in it. They were working hard to start a brokerage service. Seeing some positive results, they decided to get a third friend's head in their venture. Saurabh Mittal joined them and the trio never stopped growing. Today, Indiabulls has a strong hold across financial segments that includes but is not restricted to real estate, infrastructure, and housing finance.
30. Micky Jagtiani
Chairman - Landmark Group
Net worth - $3.4 Billion
Born in Kuwait, Micky Jagtiani is an Indian origin businessman. Micky is the chairman of the Landmark group that is based out of Dubai. He did his schooling in Mumbai and then chose accounting as his major and moved to London. He took over his deceased brother's shop in Bahrain and turned it into a store for babies' and toddlers' accessories. When the Gulf War struck, he moved to Dubai and founded the Landmark Group. The conglomerate is a multinational retail company that has its fingers in many pies—from electronics to gifting items.
31. Pawan Munjal
Chairman - Hero Motocorp
Net worth - $3.3 Billion
61-year-old Pawan Munjal is the chairman of Hero Motocorp. He steered his family business of cycles in the direction of becoming a motorcycle behemoth. Pawan joined the company as the chairman in 1984. He was the one who partnered with Honda to lead his organization to the pedestal where it stands today.
32. Harsh Mariwala
Chairman - Marico
Net worth - $3.95 Billion
Harsh Mariwala started Marico, the consumer goods company which deals in health and beauty products. Popular hair products like Set Wet, Livon, Nihar famous with the Indian crowd are some of Marico's offerings. Harsh Mariwala is also the founder of Kaya skincare Ltd. Mariwala's net worth is $3.95 billion and he has been ranked as the 33rd wealthiest Indian by Forbes.
33. Ravi Pillai
Chairman - RP Group
Net worth - $3.9 Billion
The RP group is owned by Ravi Pillai and deals in construction, oil and gas, cement, and hospitality services. Pillai was ranked as the fourth most powerful Indian in the Middle East in 2014 by Arabian Business. He has been honored with the Padma Shri by the Indian government. His net worth stands at $3.9 billion.
34. Kuldip Singh & Gurbachan Singh Dhingra
Owners - Berger Paints
Net worth - $4.3 Billion
The brothers are the owners of India's second largest paint maker company, Berger Paints. Kuldip Singh and Gurbachan Singh bought Berger from Vijay Mallya. The company has an annual turnover of $660 million.
35. Sudhir & Samir Mehta
Owners - Torrent Pharma
Net worth - $3.8 Billion
Sudhir Mehta, together with Samir Mehta, changed the fortunes for a struggling Trinity laboratories by manifesting it into Torrent Pharma. Torrent has a solid presence in Russia, Brazil, and many other European countries. The Torrent group also tried its hands in generating electricity; today, Torrent Power has 2,101 Mw generation capacity and distributes power to 2.76 million customers in parts of Gujarat. The borthers' combined net worth is $3.8 billion and makes them one of the richest persons of India.
36. Kalanithi Maran
Chairman - Sun Group
Net worth - $2.9 Billion
Kalanithi is the owner of the Sun group which has several media channels, DTH operators, and movie production houses under its umbrella. He won the Young Businessman honors from CNBC and Ernst & Young. Forbes magazine named him the "Television king of Southern India". His net worth is $2.9 billion.
37. Anil Agarwal
Chairman - Vedanta Resources Plc.
Net worth - $4 Billion
Anil Agarwal is the founder and chairman of Vedanta Resources Plc. It is a globally diversified metal and mining company. Headquartered in London, Vedanta is the largest mining company of India.
38. B. R. Shetty
Chairman - NMC Healthcare
Net worth - $2.7 Billion
Shetty started a number of companies in the UAE. He is the chairman of NMC Healthcare and the UAE Exchange. He is also the founder and chairman of Neopharma, Finablr, and BRS Ventures. B. R. Shetty was felicitated with the Padma Shri from the president of India.
39. Kiran Mazumdar Shaw
Chairman - Biocon Limited
Net worth - $3 Billion
Kiran is the chairperson and managing director of Biocon Limited. Biocon's initial projects were targeted towards the extraction of papain and isinglass. Kiran is also the chairperson of IIM Bangalore. Forbes listed her in the 2016 and 2017 lists Most Powerful Women in the World at 77th and 71st positions respectively. She is known for her outstanding contributions to the scientific community and chemistry in particular. Kiran Mazumdar Shaw was given the Othmer Gold Medal in 2014.
40. Hasmukh Chudgar
Chairman - Intas Pharmaceuticals
Net worth - $3.5 Billion
With a net worth of 3.5 billion, Chudgar is placed at 791st position in the global list of billionaires. Hasmukh Chudgar founded the generics maker Intas Pharmaceuticals in 1977. Intas bought the Irish and UK assets of Israeli firm Teva Pharmaceuticals for $750 million in October 2016.
41. Kapil & Rahul Bhatia
Chairman - IndiGo
Net worth - $5 Billion
Rahul Bhatia is the co-founder and non-executive director of IndiGo airlines. He is also the group managing director of InterGlobe Enterprises. InterGlobe Enterprises is a privately held firm which has vested interests in the airline, travels, and hotels segments. He won awards like the Ernst & Young Entrepreneur of the Year Award for an outstanding start-up, and the Economic Times Entrepreneur of the Year Award. Kapil Bhatia is Rahul Bhatia's father and the joint owner of Interglobe Enterprises. The father-son duo's net worth is approximately $5 billion.
42. Rajendra Agarwal
Chairman - Macleods Pharmaceuticals
Net worth - $3.5 Billion
Rajendra Agarwal's family had a pharmacy in Jaipur. In the year 1986, the family set up Macleods Pharmaceuticals which made Anti-TB medications. Macleods Pharma is ranked among the top 10 Indian pharmacies.
43. Vinod & Anil Rai Gupta
Chairman - Havells
Net worth - $2.8 Billion
Anil Rai is the son of Vinod Gupta. Together they own 60% of Havells India, their primary source of wealth. Havells makes everything—from electrical equipments and lighting products to washing machines and refrigerators. The company is present in about 40 countries with 12 factories across the globe.
44. Ashwin Dani
Chairman - Asian Paints Ltd.
Net worth - $3.8 Billion
Ashwin Dani is a businessman and the non-executive vice chairman of India’s largest paint company, Asian Paints Ltd. His full name is Ashwin Suryakant Dani. He won the Color Society Lifetime achievement award in the year 2012.
45. Karsanbhai Patel
Chairman - Nirma Group
Net worth - $4.8 Billion
Karsanbhai Patel is the founder of the Nirma group which deals majorly in detergents, soaps, and cosmetics. Nirma's annual revenue is INR 2500 crores (500Mn USD). He has been bestowed titles like the 'Outstanding Industrialist' of the eighties and won awards like the Udyog Ratna Award.
46. Samprada Singh
Chairman - Alken Pharmaceuticals
Net worth - $4.2 Billion (As of 2019)
Samprada Singh launched Alken in 1973-74. Alken is a leading pharmaceuticals company with an annual turnover of INR 600 crores. It sells medicines worldwide in nearly 40 countries. The Indian pharmaceutical industry's no. 3 brand Taxim (Rs. 100 crores) is an Alken offering.
47. P.P. Reddy
Chairman - Megha Engineering & Infrastructure
Net worth - $3 Billion
Megha Engineering & Infrastructure was founded in 1989 by a farmer's son to make small pipes for the municipality. P.P. Reddy later expanded his business to build infrastructure projects. His nephew, P.V.Krishna Reddy, who joined P.P. Reddy in 1991, runs the company.
48. Chandru Raheja
Chairman - Raheja Developers
Net worth - $3 Billion
Raheja is an Indian billionaire and property developer. His firm deals with the construction of IT parks, hotels, malls, etc. Some examples of his work are the Mindspace tech park, the Orbit mall, and Shoppers Stop. His net worth is $3 billion.
49. Shashi & Ravi Ruia
Chairman - Essar Group
Net worth - $5.6 Billion (Joint net worth)
Ravi Ruia did his mechanical engineering from Chennai. He later went on to work in his family business—Essar Group—with his elder brother, Shashi Ruia. They both transformed Essar into one of India's biggest conglomerates with interests in shipping and steel making (to name a few) and revenues of INR 1200 crores in 2018. The brothers combined are worth $5.6 billion.
50. P.V. Ramprasad Reddy
Chairman - Aurobindo Pharma
Net worth - $2.5 Billion
P.V. Ramprasad Reddy is the co-founder of Aurobindo Pharma. Ranked 688th on Forbes global list of billionaires, he has a net worth of $2.5 billion USD. He was ranked among the highly influential people in the healthcare and pharmaceutical industry in the world by the World Pharmaceutical Frontiers in the year 2008.