fbpx

Top 19 Richest People from India 2024: A Glimp Into Their Success

richest people in india

India, a land of diverse cultures and traditions, has always been a hub for business magnates and entrepreneurs. Over the years, the country has produced some of the world’s wealthiest individuals, each with their unique success stories. In this article, we will journey through the lives of the top 20 richest people from India.

Similarly, the entertainment industry has its own set of magnates, with Bollywood producing some of the richest actors who have made significant contributions to Indian cinema.

If You want to check for even more rich people of India check my article here.

Table of Contents

Most Fortuned People In India

While these individuals have achieved immense success on a global scale, it’s interesting to note the cities in India that have been instrumental in fostering such entrepreneurial spirit.

19. R.Narayana Murthy: $4.4 billion  – A Pioneer in Indian IT

R.Narayana Murthy

R.Narayana Murthy, the co-founder of Infosys, is often hailed as the father of the Indian IT industry. With a net worth of $4.4 billion, he stands as a testament to the power of innovation and entrepreneurship.

  • Humble Beginnings: Murthy started Infosys in 1981 with a mere $250. Today, it’s one of the world’s leading IT consulting companies.
  • Philanthropy: Apart from his business ventures, Murthy is known for his philanthropic efforts, especially in the field of education.

A Visionary Leader

Murthy’s leadership style is often described as visionary. He believed in the power of a strong corporate culture and always emphasized the importance of ethical business practices. His commitment to transparency and corporate governance has set a benchmark for businesses worldwide.

18. Mangal Prabhat Lodha: $4.5 billion – Real Estate Mogul

Mangal Prabhat Lodha

Mangal Prabhat Lodha, the founder of the Lodha Group, is a name synonymous with luxury real estate in India. With a net worth of $4.5 billion, he has built an empire that spans across the country and even overseas.

  • From Scratch: Lodha started his journey in Mumbai, building affordable homes. Today, his company is responsible for some of the city’s most iconic skyscrapers.
  • Global Presence: The Lodha Group has expanded its footprint globally, with luxury projects in London and other international cities.

A Commitment to Excellence

Lodha’s success can be attributed to his unwavering commitment to excellence. He believed in delivering the best to his customers, whether it was in terms of design, amenities, or overall experience.

  • Sustainability: The Lodha Group is known for its eco-friendly projects, emphasizing sustainability and green building practices.
  • Awards: Under Lodha’s leadership, the group has received numerous awards, including the “Most Trusted Real Estate Brand” in India.

17. Pankaj Patel: $4.9 billion – Pharma Tycoon

Pankaj Patel

Pankaj Patel, the chairman of Zydus Cadila, is a force to be reckoned with in the pharmaceutical industry. With a net worth of $4.9 billion, he has played a pivotal role in making India a global hub for generic medicines.

  • Innovations: Under Patel’s leadership, Zydus Cadila has introduced several first-of-its-kind drugs in the Indian market.
  • Global Reach: Today, the company exports its products to over 50 countries, with a significant presence in the US and Europe.

A Passion for Healthcare

Patel’s passion for healthcare is evident in his endeavors. He believes in providing affordable medicines without compromising on quality.

  • Research and Development: Zydus Cadila invests heavily in R&D, leading to breakthroughs in drug discovery.
  • Giving Back: Patel is also known for his philanthropic efforts, especially in the field of healthcare and education.

16. Murali Divi & Family: $5.0 billion – The Chemical Czar

Murali Divi & Family

Murali Divi, the founder of Divi’s Laboratories, is a stalwart in the pharmaceutical and specialty chemicals sector. With a family net worth of $5.0 billion, he has transformed the landscape of active pharmaceutical ingredients (API) manufacturing in India.

  • Strategic Vision: Murali Divi’s foresight in recognizing the potential of API manufacturing has positioned Divi’s Laboratories as a global leader.
  • Quality First: The company is known for its stringent quality control measures, ensuring the highest standards for its products.

A Global Footprint

Divi’s Laboratories isn’t just a household name in India. With a significant global presence, it caters to the needs of leading pharmaceutical giants worldwide.

  • Exports: The company’s products are exported to over 95 countries, making it a global powerhouse in the API sector.
  • Sustainability: Murali Divi emphasizes sustainable practices, ensuring that the company’s operations have minimal environmental impact.

15. Micky Jagtiani: $5.2 billion – Retail Royalty

Micky Jagtiani

Micky Jagtiani, the force behind the Landmark Group, is a name that resonates with retail excellence. With a net worth of $5.2 billion, he has built a retail empire that spans across the Middle East, Africa, and India.

  • Humble Beginnings: Starting with a single store in Bahrain, Jagtiani’s journey to building a retail conglomerate is nothing short of inspirational.
  • Diverse Portfolio: The Landmark Group boasts a diverse portfolio, including fashion, electronics, furniture, and hospitality brands.

An Eye for Innovation

Jagtiani’s success can be attributed to his keen eye for innovation and understanding of consumer needs. He has always been ahead of the curve, introducing new retail concepts and experiences.

  • Digital Transformation: Under his leadership, the Landmark Group has embraced digital transformation, offering seamless online shopping experiences.
  • Community Initiatives: Jagtiani is also known for his community initiatives, focusing on healthcare and education.

14. Vikram Lal & Family: $5.3 billion – The Two-Wheeler Titan

Vikram Lal & Family

Vikram Lal, the former CEO of Eicher Motors, is synonymous with the iconic Royal Enfield motorcycles. With a family net worth of $5.3 billion, he has played a pivotal role in shaping the two-wheeler industry in India.

  • Reviving a Legacy: Vikram Lal’s efforts in reviving and globalizing the Royal Enfield brand are commendable. Today, it’s a global sensation with a cult following.
  • Diversification: Eicher Motors, under his leadership, has diversified into various sectors, including commercial vehicles and components.

A Commitment to Excellence

Lal’s leadership style is characterized by his commitment to excellence and attention to detail. He believes in delivering products that resonate with consumers and stand the test of time.

  • Innovation: Eicher Motors, under Lal’s guidance, has introduced several groundbreaking models, setting new benchmarks in the industry.
  • Sustainability: Vikram Lal has always emphasized sustainable and eco-friendly practices, making Eicher Motors a responsible corporate entity.

13. A.Yusuff Ali: $5.3 billion – The Retail Renaissance Man

A.Yusuff Ali

Yusuff Ali, the mastermind behind Lulu Group International, has redefined the retail and hospitality sectors, especially in the Middle East. With a net worth of $5.3 billion, he has built a conglomerate that resonates with quality and customer satisfaction.

  • From a Single Store: Yusuff Ali’s journey began with a single supermarket in the UAE. Today, Lulu Group has over 200 outlets across the Gulf, Asia, and Africa.
  • Beyond Retail: Apart from supermarkets and hypermarkets, Lulu Group has interests in hospitality, real estate, and healthcare.

A Global Visionary

Yusuff Ali’s vision wasn’t just limited to the Middle East. He expanded Lulu Group’s presence globally, ensuring that the brand became synonymous with excellence.

  • Investments: He has made significant investments in India, including shopping malls, convention centers, and hotels.
  • Philanthropy: Yusuff Ali is also known for his charitable initiatives, especially in healthcare and disaster relief.

12. Gopi Kishan Damani: $6.0 billion – The Silent Strategist

Gopi Kishan Damani

Gopi Kishan Damani, the lesser-known brother of Radhakishan Damani (founder of D-Mart), is a strategic force behind the scenes. With a net worth of $6.0 billion, he has played a crucial role in the meteoric rise of D-Mart in India.

  • Behind the Scenes: While Radhakishan is the face of D-Mart, Gopi Kishan has been instrumental in the company’s backend operations and strategy.
  • Real Estate Acumen: Apart from retail, he has significant interests in real estate, contributing to the group’s diversified portfolio.

A-Pillar of Strength

Gopi Kishan Damani’s strength lies in his ability to strategize and execute. His low-profile demeanor belies the sharp business acumen that has been pivotal for D-Mart’s success.

  • Expansion Strategy: He has been instrumental in D-Mart’s aggressive expansion strategy, ensuring its presence in every nook and corner of India.
  • Sustainability: Gopi Kishan also emphasizes sustainable business practices, ensuring that D-Mart’s operations are eco-friendly.

11. Ashwin Dani & Family: $6.8 billion – The Paint Pioneer

Ashwin Dani & Family

Ashwin Dani, the vice-chairman of Asian Paints, has colored the walls of countless homes in India and beyond. With a family net worth of $6.8 billion, he has been instrumental in making Asian Paints the giant it is today.

  • Innovative Offerings: Under Dani’s leadership, Asian Paints has introduced a plethora of innovative products, catering to diverse consumer needs.
  • Global Footprint: Today, Asian Paints is not just an Indian brand; it has a significant presence in over 15 countries.

A Legacy of Brilliance

Ashwin Dani’s leadership has been characterized by innovation, quality, and customer-centricity. He has ensured that Asian Paints remains a trusted brand for generations.

  • Research & Development: Dani has always emphasized the importance of R&D, leading to the introduction of eco-friendly and durable paint solutions.
  • Community Initiatives: Apart from business, Dani is known for his philanthropic efforts, especially in the fields of education and healthcare.

10. Benu Gopal Bangur: $7.3 billion – The Cement Czar

Benu Gopal Bangur

Benu Gopal Bangur, the chairman of Shree Cement, has laid the foundation for one of India’s most successful cement companies. With a net worth of $7.3 billion, he has transformed Shree Cement into a brand that stands for quality and sustainability.

  • Rapid Expansion: Under Bangur’s leadership, Shree Cement experienced rapid expansion, establishing plants across India and even venturing into the Middle East.
  • Sustainability Focus: Shree Cement is known for its eco-friendly manufacturing processes, setting industry benchmarks.

Building a Legacy

Bangur’s vision for Shree Cement was clear – to create a brand that is not only profitable but also environmentally responsible.

  • Innovations: Shree Cement has introduced several green initiatives, including waste heat recovery systems and renewable energy projects.
  • Awards & Recognition: The company, under Bangur’s stewardship, has received numerous accolades for its sustainability practices and corporate governance.

9. Hasmukh Chudgar & Family: $7.6 billion – Pharmaceutical Phenomenon

Hasmukh Chudgar

Hasmukh Chudgar, along with his family, stands at the helm of Intas Pharmaceuticals, one of India’s leading pharma companies. With a combined net worth of $7.6 billion, the Chudgar family has made significant strides in the global pharmaceutical landscape.

  • Diverse Portfolio: Intas Pharmaceuticals boasts a diverse product range, catering to various therapeutic areas, including cardiology, neurology, and nephrology.
  • Global Presence: The company exports to over 80 countries, with a significant footprint in Europe and North America.

A Commitment to Health

The Chudgar family’s dedication to healthcare is evident in their relentless pursuit of excellence and innovation in the pharmaceutical sector.

  • R&D Focus: Intas Pharmaceuticals invests heavily in research and development, leading to the introduction of several groundbreaking drugs.
  • Giving Back: The Chudgar family is also known for their philanthropic endeavors, especially in healthcare and education.

8. Kushal Pal Singh: $8.3 billion – Real Estate Revolutionary

Kushal Pal Singh

Kushal Pal Singh, the chairman of DLF Limited, is a titan in the Indian real estate sector. With a net worth of $8.3 billion, he has played a pivotal role in shaping the urban landscape of modern India.

  • DLF City: Singh’s vision led to the creation of DLF City in Gurgaon, a model for urban development projects across the country.
  • Diverse Projects: DLF Limited has a vast portfolio, ranging from residential complexes to commercial hubs and retail destinations.

Building Dreams

Singh’s journey in the real estate sector is a testament to his vision, determination, and commitment to excellence.

  • Innovative Approaches: DLF Limited is known for its innovative approaches to urban development, emphasizing sustainability and community living.
  • Awards & Accolades: Under Singh’s leadership, DLF has received numerous awards for its projects, setting industry standards.

7. Ravi Jaipuria: $8.7 billion – The Beverage Baron

Ravi Jaipuria

Ravi Jaipuria, the man behind RJ Corp, is a dominant figure in the beverage and fast-food industry. With a net worth of $8.7 billion, he has established a vast empire that includes some of the world’s most beloved brands.

  • Franchise King: Jaipuria’s RJ Corp is the largest franchisee for PepsiCo in India and has significant operations in Africa and Southeast Asia.
  • Diversified Interests: Apart from beverages, RJ Corp has a strong presence in the fast-food sector, with brands like KFC, Pizza Hut, and Costa Coffee under its umbrella.

A Thirst for Success

Jaipuria’s success in the beverage industry is a blend of strategic partnerships, market understanding, and a relentless drive to innovate.

  • Innovative Ventures: RJ Corp has introduced several localized beverage flavors catering to the diverse Indian palate.
  • Sustainability: Jaipuria emphasizes eco-friendly practices, ensuring that RJ Corp’s operations have minimal environmental impact.

6. Azim Premji: $9.0 billion – The Tech Titan & Philanthropist

Azim Premji

Azim Premji, the chairman of Wipro Limited, is not just a tech magnate but also one of the world’s most generous philanthropists. With a net worth of $9.0 billion, he has made significant contributions to both the IT industry and society at large.

  • Wipro’s Rise: Under Premji’s leadership, Wipro transformed from a vegetable oil company to a global IT powerhouse.
  • Philanthropy: Premji has pledged a significant portion of his wealth to charitable causes, primarily focusing on education.

A Legacy Beyond Business

Premji’s impact goes beyond business. His commitment to societal betterment and ethical business practices sets him apart.

  • Educational Initiatives: The Azim Premji Foundation has been instrumental in improving the quality of education in India, reaching millions of children.
  • Awards & Recognition: Premji has received numerous accolades, including the Padma Bhushan and Padma Vibhushan, India’s high civilian honors.

5. Uday Kotak: $13.1 billion – The Banking Behemoth

Uday Kotak

Uday Kotak, the founder and CEO of Kotak Mahindra Bank, is a luminary in the Indian banking sector. With a net worth of $13.1 billion, he has built one of India’s most respected and successful private banks.

  • Banking Revolution: Kotak’s vision was to create a bank that combined traditional values with modern innovation. Today, Kotak Mahindra Bank stands as a testament to that vision.
  • Diverse Financial Services: Apart from banking, the Kotak Mahindra Group offers a range of financial services, from insurance to asset management.

A Commitment to Excellence

Kotak’s success can be attributed to his unwavering commitment to customer service and operational excellence.

  • Innovative Solutions: Kotak Mahindra Bank has been at the forefront of introducing digital banking solutions in India.
  • Awards & Accolades: Under Kotak’s leadership, the bank has received numerous awards for its services and corporate governance.

4. Kumar Birla: $14.2 billion – The Industrial Innovator

Kumar Birla

Kumar Mangalam Birla, the chairman of the Aditya Birla Group, is a name that resonates with industrial excellence across sectors. With a net worth of $14.2 billion, he oversees a conglomerate that spans from metals to telecom.

  • Diverse Empire: Under Birla’s leadership, the Aditya Birla Group has ventured into numerous sectors, including cement, metals, textiles, and financial services.
  • Global Footprint: Today, the group operates in over 36 countries and has a workforce of over 120,000 employees worldwide.

A Legacy of Leadership

Birla’s leadership style is characterized by a blend of traditional values and modern management practices. He believes in empowering his teams and fostering a culture of innovation.

  • Sustainability: The Aditya Birla Group is known for its sustainable business practices, emphasizing eco-friendly operations across its businesses.
  • Philanthropy: Birla is also recognized for his charitable initiatives, particularly in the fields of education and healthcare.

3. Dilip Shanghvi: $15.9 billion – The Pharma Phenomenon

Dilip Shanghvi

Dilip Shanghvi, the founder of Sun Pharmaceuticals, stands tall in the global pharmaceutical landscape. With a net worth of $15.9 billion, he has built a company that is synonymous with quality medicines at affordable prices.

  • From Scratch: Shanghvi started Sun Pharma in 1983 with just five products. Today, it’s the largest chronic prescription company in India and a significant player globally.
  • Acquisitions: Shanghvi’s strategic acquisitions, including the takeover of Ranbaxy, have played a crucial role in Sun Pharma’s growth.

A Prescription for Success

Shanghvi’s journey in the pharmaceutical sector is a testament to his vision, perseverance, and commitment to healthcare.

  • R&D Focus: Sun Pharma invests heavily in research and development, ensuring the introduction of innovative and effective medicines.
  • Giving Back: Shanghvi, like many of his peers, is actively involved in philanthropy, with a focus on healthcare and education.

2. Pallonji Mistry (Cyrus Mistry): $17.8 billion – The Silent Stalwart of Steel

Pallonji Mistry

Pallonji Mistry, often referred to as the “Phantom of Bombay House,” was the reclusive patriarch of the Shapoorji Pallonji Group. With a net worth of $17.8 billion, he has been instrumental in building an empire that spans construction, real estate, and textiles. His son inherited Shapoorji Pallonji Group.

  • Construction Giant: The Shapoorji Pallonji Group is behind some of India’s most iconic structures, including the Reserve Bank of India buildings and the Taj Mahal Hotel in Mumbai.
  • Tata Connection: Mistry holds a significant stake in Tata Sons, making him one of the largest individual shareholders in the conglomerate.

A Legacy of Precision

Mistry’s success can be attributed to his meticulous attention to detail and commitment to quality. Despite his low profile, his impact on the Indian industrial landscape is undeniable.

  • Real Estate Ventures: The group’s real estate arm, Shapoorji Pallonji Real Estate, is known for its premium residential and commercial projects.
  • Philanthropy: Mistry is also deeply involved in philanthropic activities, with a focus on education, healthcare, and community development.

1. Mukesh Ambani: $92.7 billion – The Undisputed King of Indian Business

Mukesh Ambani

Mukesh Ambani, the chairman and largest shareholder of Reliance Industries Limited (RIL), is not just India’s richest man but also a global business titan. With a staggering net worth of $92.7 billion, he has diversified interests spanning petrochemicals, refining, oil, telecommunications, and retail.

  • Reliance Jio: Ambani’s foray into the telecommunications sector with Reliance Jio has been nothing short of revolutionary, garnering over 400 million subscribers in just a few years.
  • Retail Expansion: With the acquisition of several retail chains and brands, Reliance Retail is set to redefine the Indian retail landscape.

A Visionary Beyond Compare

Ambani’s leadership is characterized by his ability to foresee market trends and his relentless pursuit of innovation.

  • Digital Initiatives: With platforms like JioMart, Ambani aims to integrate online and offline retail, providing a seamless shopping experience.
  • Global Collaborations: Ambani’s recent collaborations with global giants like Google, Facebook, and Microsoft underscore his vision for a digital India.

FAQ

1. How do these billionaires compare to global counterparts?

While many of these Indian billionaires rank high on global rich lists, the top spots are often occupied by tech magnates from the US and China. However, in sectors like pharmaceuticals, textiles, and petrochemicals, Indian billionaires are among the global leaders.

2. Are there any self-made billionaires on the list?

Yes, many individuals on the list, such as Mukesh Ambani, Radhakishan Damani, and Uday Kotak, can be considered self-made, having built their empires from the ground up.

3. How do these billionaires contribute to the Indian economy?

These billionaires, through their vast businesses, provide employment to millions, contribute significantly to the nation’s GDP, and play a pivotal role in sectors like IT, pharma, and manufacturing.

4. What roles do philanthropy and CSR play for these billionaires?

Many of these billionaires are renowned for their philanthropic efforts, contributing vast sums to education, healthcare, and social welfare. Corporate Social Responsibility (CSR) initiatives are also a significant focus for their respective companies.

5. How has the COVID-19 pandemic impacted their wealth?

The pandemic has had varied effects. While some sectors like pharmaceuticals and IT saw growth, others like real estate and retail faced challenges. However, most of these billionaires have shown resilience and adaptability during these times.

Final Words

The journeys of India’s top billionaires are a testament to the nation’s entrepreneurial spirit, resilience, and potential. Their stories inspire countless individuals, reminding us that with vision, hard work, and a bit of ingenuity, anything is possible. As India continues to grow and evolve, these magnates will undoubtedly play a pivotal role in shaping its future.

References Used:

  1. BYJU’S – Awards in India
  2. JavaTpoint – Top Real Estate Companies in India
    • Description: This reference offers a list of the top real estate companies in India, highlighting their achievements and contributions to the real estate sector.
    • Link: Most Trusted Real Estate Brand
  3. Moneycontrol – Pharmaceutical Drugs Market Info
    • Description: A valuable resource that provides market information about various drugs introduced in the Indian market, which is relevant to the mention of Pankaj Patel and Zydus Cadila.
    • Link: drugs in the Indian market
  4. Forbes India
    • Description: Forbes India is a leading business magazine that offers insights into the business world, including profiles of leading entrepreneurs, their journeys, and their contributions to various sectors. It’s a reliable source for information about the top business personalities in India.
    • Link: Forbes India
  5. Economic Times
    • Description: The Economic Times is one of India’s leading business newspapers, providing in-depth coverage of the Indian economy, business, and finance. It’s a trusted source for updates on the financial trajectories of India’s top billionaires.
    • Link: Economic Times
  6. Business Today
    • Description: Business Today offers a comprehensive view of the business landscape in India, including profiles of leading business magnates, their companies, and their contributions to the Indian economy.
    • Link: Business Today

All Posts

Categories

Related Posts