India, a land of diversity and contrasts, boasts a vibrant economy that has nurtured the growth of numerous industrialists, entrepreneurs, and visionaries. The list of the “Top 50 Richest Persons in India” is a testament to the remarkable journey of these individuals who have not only shaped the economic landscape but have also left an indelible mark on the global stage.
Mukesh Ambani, who holds the reins of Reliance Industries, a conglomerate involved in oil, gas, and telecommunications, holds the top position with a wealth of $83.4 billion, which has experienced a 5% decrease compared to the previous year. Collectively, Adani and Ambani now represent 30% of the combined wealth owned by India’s top 100 wealthiest individuals. Following which, comes Gautam Adani and Shiv Nadar on 2nd and 3rd position with net worth of $ 47.2 billion and 25.6 billion respectively.
The landscape of wealth in the country is an intricate tapestry woven by the efforts and ingenuity of its citizens. From traditional industries to cutting-edge technology, these magnates have navigated through challenges and triumphs, redefining the boundaries of what is possible and inspiring generations to come.
List of Top 50 Richest Persons in India
This compilation showcases the amalgamation of innovation, persistence, and strategic acumen that has propelled these individuals to the zenith of financial success. Here is the list of top 50 richest persons in India.
1. Mukesh Ambani
Net Worth: $ 83.4 billion
Mukesh Ambani is the chairman and largest shareholder of Reliance Industries Limited (RIL), a conglomerate with interests in petrochemicals, refining, oil, and telecommunications. He is the number one richest persons in India.
He has played a pivotal role in transforming RIL into one of India’s largest and most valuable companies. Ambani is known for his efforts in shaping the telecommunications industry through Reliance Jio, which disrupted the market with affordable data plans.
2. Gautam Adani
Net Worth: $ 47.2 billion
Gautam Adani is the founder and chairman of the Adani Group, a conglomerate with diverse interests including energy, infrastructure, resources, logistics, and agribusiness.
The Adani Group has grown significantly in recent years and is a major player in sectors like ports, power generation, and renewable energy. Adani’s rise has been marked by strategic acquisitions and investments.
3. Shiv Nadar
Net Worth: $ 25.6 billion
Shiv Nadar is the founder and chairman of HCL (Hindustan Computers Limited), a global technology company. Under his leadership, HCL has grown to become one of India’s top IT services companies.
Nadar is also known for his philanthropic efforts, particularly in the field of education. He established the Shiv Nadar Foundation, which operates institutions like the Shiv Nadar University and VidyaGyan schools.
4. Cyrus Poonawalla
Net Worth: $ 22.6 billion
Cyrus Poonawalla is the founder and chairman of the Pune-based Serum Institute of India (SII), which is one of the world’s largest vaccine manufacturers. One of the richest persons in India.
SII is known for producing vaccines against various diseases, including vaccines that play a crucial role in global immunization efforts. Poonawalla’s work has been especially significant during the COVID-19 pandemic.
5. Lakshmi Mittal
Net Worth: $ 17.7 billion
Lakshmi Mittal is the chairman and CEO of ArcelorMittal, one of the world’s largest steel and mining companies. While he is based in the United Kingdom, Mittal was born in India.
He is known for his role in the global steel industry and has been involved in various high-profile acquisitions and mergers. One of the richest persons in India.
6. Savitri Jindal
Net Worth: $ 17.5 billion
Savitri Jindal is part of the Jindal family and has been involved in the family’s businesses. The Jindal Group is known for its presence in sectors like steel, power, and infrastructure.
Savitri Jindal has also been active in politics and has held positions in the Haryana state government. One of the richest persons in India.
7. Dilip Shanghvi
Net Worth: $ 15.6 billion
Dilip Shanghvi is the founder of Sun Pharmaceuticals, one of India’s largest pharmaceutical companies. One of the richest persons in India.
Under his leadership, Sun Pharma has grown through strategic acquisitions and a focus on research and development. Shanghvi is a prominent figure in the pharmaceutical industry.
8. Radhakishan Damani
Net Worth: $ 15.3 billion
Radhakishan Damani is the founder of Avenue Supermarts, which operates the popular retail chain D-Mart. One of the richest persons in India. He is known for his astute investment strategies and has interests in retail, real estate, and other sectors.
9. Kumar Mangalam Birla
Net Worth: $ 14.2 billion
Kumar Mangalam Birla is the chairman of the Aditya Birla Group, a conglomerate with interests in various sectors such as metals, cement, telecommunications, and financial services.
Birla has been actively involved in the management and expansion of the group’s businesses. One of the richest persons in India.
10. Uday Kotak
Net Worth: $ 12.9 billion
Uday Kotak is the founder and CEO of Kotak Mahindra Bank, one of India’s leading private sector banks. One of the richest persons in India.
He is known for his role in the financial services sector and has played a significant role in shaping the growth of Kotak Mahindra Bank.
11. Azim Premji
Net Worth: $ 9.2 billion
Azim Premji is not only a successful business magnate but also a notable philanthropist. He is the founder and former chairman of Wipro Limited, a multinational IT services and consulting company. Under his leadership, Wipro grew from a small hydrogenated cooking fat company to a global IT giant.
Premji is known for his emphasis on ethical business practices and corporate social responsibility. A significant portion of his wealth has been dedicated to philanthropic efforts, particularly through the Azim Premji Foundation, which focuses on improving education in India.
12. Ravi Jaipuria
Net Worth: $ 8.6 billion
Ravi Jaipuria is the chairman of the RJ Corp, a diversified conglomerate with interests in the food and beverage industry, education, retail, and real estate. The company has been involved in bottling and distributing PepsiCo products in India. One of the richest persons in India.
RJ Corp’s fast-food division operates brands like Pizza Hut, KFC, and Costa Coffee in India. Jaipuria’s entrepreneurship has led to the establishment of a prominent presence in India’s consumer and retail sectors.
13. Kushal Pal Singh
Net Worth: $ 8.2 billion
Kushal Pal Singh is the chairman of DLF Limited, India’s largest real estate development company. He is often referred to as the “Mall King of India” due to DLF’s role in developing shopping malls across the country.
Singh’s leadership has been instrumental in shaping India’s urban landscape and real estate sector. One of the richest persons in India.
14. Hasmukh Chudgar & family
Net Worth: $ 7.6 billion
Hasmukh Chudgar is associated with Intas Pharmaceuticals, a pharmaceutical company that has a strong presence both in India and internationally. One of the richest persons in India.
The Chudgar family’s commitment to research and development has led Intas to become a key player in the generic pharmaceutical market, manufacturing a wide range of drugs across therapeutic areas.
15. Benu Gopal Bangur
Net Worth: $ 7.3 billion
Benu Gopal Bangur is the chairman of Shree Cement, a leading cement manufacturer in India. Shree Cement is known for its efficient operations and environmentally conscious practices.
Under Bangur’s leadership, the company has expanded its production capacities and gained recognition for its quality products. One of the richest persons in India.
16. Rohiqa Cyrus Mistry Family
Net Worth: $ 7.0 billion
Rohiqa Cyrus Mistry is the wife of Cyrus Mistry, who was previously the chairman of Tata Sons, the holding company of the Tata Group. The Tata Group is a massive conglomerate with interests in various sectors including steel, automobiles, information technology, and more.
The group is renowned for its commitment to ethical business practices and contributions to societal development. One of the richest persons in India.
17. Ashwin Dani
Net Worth: $ 7.0 billion
Ashwin Dani is associated with Asian Paints, India’s largest paint company. He has played an essential role in the company’s growth and expansion.
Asian Paints is known for its innovative products and strong market presence. One of the richest persons in India.
18. Sunil Mittal
Net Worth: $ 6.1 billion
Sunil Mittal is the founder of Bharti Enterprises, a conglomerate with interests in telecommunications, retail, financial services, and agriculture. One of the richest persons in India.
Bharti Airtel, the flagship company of the group, is a major player in the Indian telecom industry. Mittal’s entrepreneurship has contributed to the evolution of India’s communication landscape.
19. Gopikishan Damani & family
Net Worth: $ 6.0 billion
Gopikishan Damani and his family are known for their involvement in various businesses, including retail and real estate. One of the richest persons in India.
They have been associated with Avenue Supermarts, which operates the retail chain D-Mart, known for its value-driven approach. Additionally, they have investments in real estate ventures.
20. Vikram Lal
Net Worth: $ 5.6 billion
Vikram Lal is associated with Eicher Motors, the parent company of Royal Enfield, an iconic motorcycle brand known for its classic and retro designs.
Under his leadership, Royal Enfield has experienced a resurgence, becoming a symbol of Indian craftsmanship and engineering. One of the richest persons in India.
21. Mahendra Choksi & family
Net Worth: $ 5.4 billion
Mahendra Choksi and his family have been associated with Asian Paints, a company that has been at the forefront of the paint industry in India for decades. Asian Paints, founded in 1942, has grown to become one of the largest and most successful paint companies in the country.
Under Choksi’s leadership, Asian Paints has focused on innovation, quality, and customer satisfaction. The company has introduced a wide range of paints, varnishes, and coatings for various applications, and its products are known for their durability and vibrant colors.
22. M. A. Yusuff Ali
Net Worth: $ 5.3 billion
M. A. Yusuff Ali is a self-made billionaire who started his journey in business with a small trading firm. He is the founder and chairman of Lulu Group International, which began as a modest trading company and grew into a conglomerate with diverse interests.
Lulu Group is best known for its hypermarkets and shopping malls, offering a wide range of products and services. Yusuff Ali’s vision and entrepreneurship have played a crucial role in the group’s expansion, both within India and internationally.
23. Micky Jagtiani
Net Worth: $ 5.2 billion
Micky Jagtiani is the founder of Landmark Group, a multinational conglomerate with a significant presence in the retail and hospitality sectors. Landmark Group operates various retail brands, including Lifestyle, Max, and Home Centre.
These brands cater to fashion, home, and lifestyle needs. Jagtiani’s keen understanding of consumer preferences and his ability to adapt to changing market trends have contributed to the group’s growth and success.
24. Rekha Jhunjhunwala
Net Worth: $ 5.1 billion
Rekha Jhunjhunwala is the wife of Rakesh Jhunjhunwala, a renowned investor and trader often referred to as the “Big Bull” of the Indian stock market. Rakesh Jhunjhunwala’s investment strategies and insights into market trends have earned him a reputation as one of India’s most successful stock market investors.
His influence has extended to various sectors, and he is known for his astute investments in both public and private companies. One of the richest persons in India.
25. Murali Divi & family
Net Worth: $ 4.9 billion
Murali Divi is the founder of Divi’s Laboratories, a pharmaceutical company that has made significant contributions to the global healthcare industry. Divi’s Laboratories specializes in the development and manufacturing of active pharmaceutical ingredients (APIs) and intermediates.
Murali Divi’s focus on quality and innovation has positioned the company as a reliable partner for pharmaceutical companies worldwide, and the Divi family’s dedication to excellence has been instrumental in the company’s growth. One of the richest persons in India.
26. Kapil & Rahul Bhatia
Net Worth: $ 4.8 billion
Kapil and Rahul Bhatia are co-founders of InterGlobe Enterprises, a conglomerate with interests in aviation, hospitality, and travel services. Their most notable venture is IndiGo Airlines, which transformed the Indian aviation industry by introducing a low-cost, customer-centric model.
IndiGo became one of India’s largest and most profitable airlines under their leadership, with a reputation for punctuality and efficiency. One of the richest persons in India.
27. Mangal Prabhat Lodha
Net Worth: $ 4.7 billion
Mangal Prabhat Lodha is the founder of the Lodha Group, a real estate development company that has left an indelible mark on India’s urban landscape. One of the richest persons in India.
The Lodha Group has developed numerous residential and commercial projects, contributing to the growth of cities like Mumbai. Lodha’s commitment to creating architectural landmarks and luxurious living spaces has earned the group recognition both domestically and internationally.
28. NR Narayana Murthy
Net Worth: $ 4.3 billion
N. R. Narayana Murthy is one of the co-founders of Infosys, a global leader in IT services and consulting. Murthy’s vision and leadership were instrumental in establishing Infosys as a pioneer in the Indian IT industry.
The company’s emphasis on innovation, quality, and ethical practices has set industry standards and positioned Infosys as a prominent player on the global stage. One of the richest persons in India.
29. Vinod & Anul Gupta
Net Worth: $ 4.3 billion
Vinod and Anul Gupta are associated with the Havells Group, which has become a household name in India’s electrical and consumer durables industry. The group’s diverse product range includes lighting, fans, switches, cables, and home appliances.
Havells’ commitment to quality and innovation, under the leadership of the Gupta family, has made it a trusted brand among Indian consumers. One of the richest persons in India.
30. Chandru Raheja
Net Worth: $ 4 billion
Chandru Raheja is the founder of the Raheja Group, a conglomerate with interests spanning real estate, hospitality, retail, and more. One of the richest persons in India.
The Raheja Group has played a significant role in shaping the urban landscape of India, developing commercial and residential properties. Raheja’s business acumen and strategic investments have contributed to the growth of the group’s diverse portfolio.
31. Pankaj Patel
Net Worth: $ 4 billion
Pankaj Patel is a prominent figure in the pharmaceutical industry. He served as the chairman and managing director of Cadila Healthcare Limited (Zydus Cadila), one of India’s leading pharmaceutical companies. One of the richest persons in India.
Under his leadership, Zydus Cadila expanded its research and development efforts, focusing on developing affordable and innovative medicines in various therapeutic areas. Patel’s contributions have been instrumental in the company’s growth and its commitment to improving healthcare accessibility.
32. Nusli Wadia
Net Worth: $ 3.6 billion
Nusli Wadia is a respected industrialist and chairman of the Wadia Group, a conglomerate with a rich history in diverse sectors. The group has interests in textiles, aviation, foods, and more. One of the richest persons in India.
Nusli Wadia has played a key role in steering the group’s growth, modernization, and strategic diversification. His leadership has been influential in shaping the direction of companies like Bombay Dyeing and Britannia Industries.
33. Leena Tewari
Net Worth: $ 3.4 billion
Leena Tewari is the co-founder of USV Private Limited, a pharmaceutical company known for its emphasis on research, development, and manufacturing of high-quality generic medicines.
Tewari’s commitment to healthcare innovation has contributed to USV’s reputation for producing effective and affordable medicines across various therapeutic categories. One of the richest persons in India.
34. Kuldip & Gurbachan Singh Dhingra
Net Worth: $ 3.3 billion
Kuldip Singh Dhingra and Gurbachan Singh Dhingra are known for their association with Berger Paints India Limited. The company has a rich history in the Indian paint industry, offering a wide range of decorative and industrial coatings. One of the richest persons in India.
The Dhingra brothers’ business acumen and commitment to quality have positioned Berger Paints as a trusted and preferred choice for consumers, architects, and industry professionals.
35. Pawan Munjal
Net Worth: $ 3.3 billion
Pawan Munjal is a visionary business leader and the driving force behind Hero MotoCorp, India’s largest two-wheeler manufacturer. His strategic initiatives and customer-centric approach have led to Hero MotoCorp’s widespread success.
Munjal’s focus on innovation, sustainability, and community development has solidified the company’s position as a leader in the Indian and global automotive markets. One of the richest persons in India.
36. Madhukar Parekh
Net Worth: $ 3.3 billion
Madhukar Parekh is the chairman of Pidilite Industries, a renowned adhesive and construction chemicals manufacturer. Under his leadership, Pidilite has introduced innovative and consumer-friendly products that have become household names.
Parekh’s dedication to quality, customer satisfaction, and continuous innovation has played a pivotal role in the company’s growth and success. One of the richest persons in India.
37. Acharya Balkrishna
Net Worth: $ 3.2 billion
Acharya Balkrishna is a prominent figure in the ayurvedic and consumer goods sectors. As the managing director of Patanjali Ayurved, he has played a central role in expanding the company’s product portfolio, which includes a wide range of ayurvedic and natural health and wellness products.
Balkrishna’s dedication to promoting traditional Indian knowledge and sustainable practices has contributed to Patanjali’s strong presence in the market. One of the richest persons in India.
38. Shyam & Hari Bhartia
Net Worth: $ 3.2 billion
Shyam and Hari Bhartia, as founders of the Jubilant Bhartia Group, have successfully steered the conglomerate’s growth across various industries. Jubilant Life Sciences, a pharmaceutical and life sciences company, focuses on drug development and manufacturing.
Jubilant FoodWorks operates popular food chains in India. The Bhartia brothers’ strategic leadership has propelled the group’s diversification and expansion into global markets. One of the richest persons in India.
39. Senapathy Gopalkrishnan
Net Worth: $ 3.1 billion
Senapathy Gopalkrishnan, commonly known as Kris Gopalakrishnan, is a technology visionary and co-founder of Infosys. He has played a significant role in shaping Infosys into a global IT services powerhouse.
Gopalakrishnan’s commitment to innovation, research, and promoting technology education has contributed to Infosys’ reputation for excellence and leadership in the IT industry. One of the richest persons in India.
40. Ajay Piramal
Net Worth: $ 3.1 billion
Ajay Piramal is a prominent industrialist and philanthropist. He is the chairman of the Piramal Group, which has interests in pharmaceuticals, financial services, real estate, and other sectors.
Piramal has played a key role in shaping the group’s growth and diversification. His leadership has been instrumental in establishing the group’s presence both in India and globally. One of the richest persons in India.
41. Samir & Sudhir Mehta
Net Worth: $ 3.1 billion
Samir and Sudhir Mehta are brothers and co-founders of Torrent Group, a conglomerate with interests in power, pharmaceuticals, and chemicals. One of the richest persons in India.
Torrent Pharmaceuticals is a significant player in the Indian pharmaceutical industry, and the Mehta brothers’ strategic leadership has driven the group’s expansion and success.
42. Harsh Mariwala
Net Worth: $ 3 billion
Harsh Mariwala is the chairman of Marico Limited, a consumer goods company known for its popular brands like Parachute, Saffola, and Livon. One of the richest persons in India.
Mariwala’s entrepreneurial journey has been marked by innovation and a commitment to creating products that improve people’s lives. He is also involved in promoting entrepreneurship and innovation in India.
43. Karsanbhai Patel
Net Worth: $ 3 billion
Karsanbhai Patel is the founder of Nirma Group, a conglomerate with interests in consumer products, detergents, and chemicals. Patel’s entrepreneurial spirit led to the creation of Nirma, a brand that became synonymous with affordable and quality household products.
His contributions have had a significant impact on the consumer goods industry. One of the richest persons in India.
44. Vikas Oberoi
Net Worth: $ 3 billion
Vikas Oberoi is the chairman and managing director of Oberoi Realty, a leading real estate developer in India. One of the richest persons in India.
Under his leadership, Oberoi Realty has developed upscale residential and commercial properties, contributing to the transformation of Mumbai’s skyline.
45. Devendra Jain
Net Worth: $ 3 billion
Devendra Jain is associated with Inox Group, a conglomerate with interests in industrial gases, cryogenics, entertainment, and more.
Inox Leisure, a part of the Inox Group, operates a chain of multiplex cinemas in India. One of the richest persons in India.
46. Abhay Firodia
Net Worth: $ 3 billion
Abhay Firodia is the Chairman of Force Motors Limited, an Indian automotive company that is a key player in the commercial vehicle segment. Under his leadership, Force Motors has established itself as a leading manufacturer of utility vehicles, tractors, buses, and engines.
The company has a diverse product portfolio and has gained recognition for its commitment to quality and innovation. Firodia has been instrumental in steering Force Motors’ growth and expansion. He has been involved in forging strategic partnerships with international automotive companies and has worked towards enhancing the company’s technology capabilities.
47. Smita Crishna-Godrej
Net Worth: $ 2.8 billion
Smita Crishna-Godrej is a member of the Godrej family and a significant shareholder in the Godrej Group, a conglomerate with interests in consumer goods, real estate, appliances, and more.
The Godrej Group is known for its commitment to sustainability and innovation. One of the richest persons in India.
48. Nandan Nilekani
Net Worth: $ 2.8 billion
Nandan Nilekani is a co-founder of Infosys and a notable figure in the technology and business sectors. He played a pivotal role in shaping Infosys’ growth and global reputation. One of the richest persons in India.
Nilekani has also been involved in various social and governmental initiatives, including his role in implementing the Aadhaar biometric identification system in India.
49. Vivek Chand Burman
Net Worth: $ 2.7 billion
Vivek Chand Burman is associated with the Dabur Group, a consumer goods company known for its products in health, personal care, and foods.
The Burman family has been instrumental in the growth of Dabur and its focus on traditional healthcare solutions. One of the richest persons in India.
50. Kiran Mazumdar Shaw
Net Worth: $ 2.7 billion
Kiran Mazumdar Shaw is the founder and chairperson of Biocon Limited, a biopharmaceutical company known for its contributions to research, development, and manufacturing of biologics and biosimilars.
Shaw is a prominent businesswoman and a leading figure in India’s biotechnology sector. One of the richest persons in India.
Conclusion
The chronicle of the top 50 richest persons in India offers a captivating glimpse into the remarkable saga of ambition, determination, and accomplishment. As this list evolves over time, it reflects the ever-changing dynamics of the Indian economy and the boundless potential it holds.
These tycoons, through their diverse ventures, philanthropic endeavors, and ceaseless pursuit of excellence, stand as living testaments to the power of the human spirit to innovate, overcome obstacles, and create enduring legacies.
The top 50 richest persons in India not only command vast fortunes but also carry the responsibility of steering their wealth towards the greater welfare of the nation and the world.
See Also: Top 50 Richest Person in China [2024]
2 Comments