Top 10 Richest Person in India (Updated: Sept 2019):
India is widely known for its culture and diversity. With a population of around 1.33 Billion, India has set a high standard for itself in the world with its rising economy and annual growth rate. The fields of imports and exports have let India maintain stability in the market over the years.
Stemming from such fruitful opportunities, India is home to many millionaires as well as some billionaires who have put India on the world map as a fast-paced and rapidly progressing nation. These people have not only created a wide window for profitability but they have also helped the nation raise the bar for total GDP growth. They are in the list of richest person in India as well as in the world.
Here, we take a look at the top 10 richest person in India:
1. Mukesh Ambani:
This name needs no introduction in India. Known by everyone, Mukesh Ambani is India’s largest business tycoon with a penchant for constant improvement. Mukesh Ambani stands 1st on the list of Richest person in India. He is the son of Dhirubhai Ambani and Kokilaben Ambani. He is also the Chairman and Managing Director of the Reliance Industries Limited which is one of the Fortune 500 companies in the world.
Mukesh Ambani’s net worth for the year 2019 was estimated around US $50 Billion and has been ranked number 13th on the Forbes World’s Billionaire list. His innovative ideas with regards to the Indian Telecommunications Sector (Reliance Jio Infocomm Limited) along with his other business prospects such as Reliance Industries Limited (Oil and Gas) have helped him attain the highest spot in our list.
2. Azim Premji:
Second on the list of the Richest Person in India is Azim Premji. He is known as one of the most generous philanthropists in India. He is the founder of Wipro (Western India Products Limited) which is one of the major outsourcing companies in India.
As of 2019, Azim Premji’s net worth is estimated to be around US $22.6 Billion. With the most recent development in their business with Alight Solutions of Illinois whose deal is worth US $1.6 Billion, Wipro has quickly improved its number and credibility over the years.
3. Shiv Nadar:
Shiv Nadar comes from a humble background from Tamil Nadu but he has a made a big name for himself being the founder of HCL Technologies.
His net worth for the year 2019 has amounted US $16.4 Billion. HCL Technologies is the 4th largest software provider company in India and thus, it has created a credible name for India in the world market. His education endeavors such as Shiv Nadar University which provides quality education, are his ways to improve the Indian education system.
4. Lakshmi Mittal:
One of the most well-renowned names in the steel industry is the name and fame of Lakshmi Mittal.
With net worth amounting US $13.6 Billion, Lakshmi Mittal has catapulted his company Mittal Steels to the top of the trade along with a profitable merger with Arcelor (France) in the year 2006. Now, ArcelorMittal has now started acquiring businesses that have failed or been bankrupted, in order to improve business prospects for themselves and other companies as well.
5. Uday Kotak:
Another prominent name in the richest Indians list includes the name of Uday Kotak. He is the Managing Director of one of the largest customer banks in India – Kotak Mahindra Bank.
His net worth is valued at US $11.8 Billion with constant mergers for improved profitability. His acquisition of ING Bank’s Indian operations in the year 2014 opened newer horizons for profit-making for the bank and for Uday Kotak himself.
Although into separate business lines, these two have taken the Indian business world by storm through their profitable mergers and acquisitions over the years.
K M Birla has been with the Aditya Birla group for a while now and his unparalleled business sense has valued his net worth at a whopping US $ 11.1 Billion.
Radhakrishna Damani, the founder of D-Mart stores, has been an active investor in numerous ventures such as VST Industries (tobacco relevant), United Breweries (beer relevant) amongst many others with the same net worth as K M Birla at US $11.1 Billion.
7. Cyrus Poonawala:
One of the most environment friendly philanthropists in India and his company Serum Institute of India is one of the largest creators of vaccines in the world.
His net worth is valued at US $ 9.5 Billion and he ranks No. 7 in our list. His company is known to produce around 1.5 Billion vaccines doses for a number of diseases. His son’s CSR venture, Adar Poonawala Clean City Initiative in Pune, has won a ton of appreciation from various business leaders.
8. Gautam Adani:
Being the chairman of Adani Group, he holds a rightful spot in our richest Indians list.
Gautam Adani has a net worth of US $ 8.7 Billion and his vast empire includes absolute control of one of India’s most vital ports, the Mundra Port along with investments in other fields such as power generation, real estate, the commodities market, etc.
9. Dilip Shangvi:
The pharmaceuticals industry is one of the most profitable in India. Therefore, Dilip Shangvi, founder of Sun Pharms, deserves a mention in our list. His net worth is US $ 7.6 Billion which contributes to the ownership of India’s most reliable pharmaceutical companies.
10. Nusli Wadia:
Lastly, the name Nusli Wadia is infamous in India. With him being the Chairman of Wadia Group, his net worth has been estimated to be around US $ 6.4 Billion. His company includes powerful and highly profitable names such as Britannia Industries (FMCG), GoAir (Airlines), amongst others.