Checkout below listed Top 10 Richest Persons in India by 2017, Today, Success is often measured by the wealth one has gained. Being a billionaire is something that not everyone can achieve. It takes a lot of determination, perspiration and management, intellectual, interactive skills to rise to such a fame. This list of billionaires has a variety of people where some are self-made and some are inherited family business but all worked for their company to flourish. Virtually all Indian families have been diversified their wealth into multiple businesses. Fast growing companies like mobile phones, retail, and construction, auto manufacturing and exporting are among the top reasons that helped our billionaires to achieve the title.
Here is the list of Top 10 Richest persons in India and the countdown follows:
10. Kumar Birla- US$7.8 Billion
Kumar Mangalam Birla is a billionaire industrialist whom resides in Mumbai, Maharashtra, India. He is the son of Aditya Birla who died suddenly when Kumar was 28 years of age making Kumar the company President and Chairman. Kumar Birla is chairman of Aditya Birla Group located in Worli, Mumbai, a diversified company that focuses mostly on metals, cements, textiles, chemicals, and agribusiness. Since he took the charge of Birla group, company rose to new heights expanding its market with introduction of several products and services.
9. Cyrus Poonawaala- US$7.9 billion:
Cyrus Poonawaala’s privately-owned Serum Institute of India is the world’s largest vaccine producer making 1.3 billion doses annually in its factory in Pune. He rose from 295th Richest in 2014 to 9th Richest Person in India with net with of $7.9 billion. He is one of the self-made business person and shone out as the 9th richest in India.
8. Lakshmi Mittal- US$11.2 Billion
Mittal was born into an Indian Hindu Rajasthani Agarwal business family in Rajgarh tehsil of Churu district in Rajasthan, India; He graduated from St. Xavier’s College, Calcutta, with a B.Com degree from the University of Calcutta. Although his net worth has declined significantly in the recent years, he has still managed to be the 8th richest person in India with net worth more than 12 Billion. Last couple of years had been uneven for Commodity market and his Arcelor Mittal, the Steel manufacturing company reported net loss of $1 Billion in 2014. He features at the 88th rank in the world.
7. Godrej family- US$11.4 billion:
Godrej Group was founded in the 1890’s by Ardeshir Godrej and Pirojsha Godrej. The company focuses largely on real estate, consumer products, appliances, furniture, industrial engineering, security and agricultural products. Godrej Group grossed $3.8 billion in sales in the year 2013. This 118 Year old Consumer Goods Conglomerate, runs by Godrej Family. Presently, nine members of the family are involved in the operations of the company, chaired by Adi Godrej. The company is one of the most trusted brands in India since decades. Godrej family stands at the 7th place with net worth of $11.4 billion.
6. Shiv Nadar- US$12.9 billion:
Shiv Nadar has been named the 6th Richest Person in India with the net worth of $12.9 and is co-founder of HCL group, a computer software and hardware based corporation in India. Its flagship outfit HCL Technology is rising to a new high with shares rising significantly, which helped him increase his net worth. He is another self-made Indian Billionaire. HCL has several Fortune 500 clients including Boeing, Microsoft, Cisco and UBS. Nadar was born in Moolaiphozhi village near Tuticorin district, Tamil Nadu in 1945. He features at the 66th rank globally as the richest person.
5. Pallonji Mistry- US$14.7 billion:
Pallonji Mistry’s is a big name in the field of construction with net worth of $14.7 billion. The real estate arm run by the group owned by Mistrys, recently partnered with Standard Chartered Private Equity, the International Finance Corp. and the Asian Development Bank in a $200 million venture to build 20,000 inexpensive homes. Mistry’s biggest source of wealth remains his 18.4% stake in Tata Sons, the holding company for the $109 billion Tata Group, chaired by younger son Cyrus Mistry. Pallonji Mistry has featured at the 55th position in the world.
4. Hinduja Brothers- US$14.8 billion:
This is about a 90 Year Old company run by four brothers. Some of the big names in Hinduja Group are Ashok Leland, IndusInd Bank, Gulf Oil Corporation Ltd, Hinduja Tech Limited. The company has its presence in many countries and almost everywhere they are very much successful in establishing their business. Their net worth is estimated to be of $14.8 billion. They are in the 69th position in the list of richest people in the world.
3. Azim Premji- US$15.9 billion:
Azim Premji, the third richest in India and the founder of Wipro Technologies, one of the largest IT company in India with $15.9 billion. He inherited an Edible Oil company from his father with the same name Wipro and turned it into the third largest Outsource Company in India. Originally a vegetable products company, Azim Premji believed in the rapid expansion of the IT business and changed the direction of the company to manufacturing computers in cooperation with U.S. tech company Sentinel. He is a great visionary and one of the finest entrepreneurs of India. He is at the 48th position in the world.
2. Dilip Shanghvi- US$18 billion:
Dilip Shanghvi, the second richest person in India, behind Mukesh Ambani. Dilip Shanghvi is the founder of Sun Pharmaceutical Industries which is the Most Valuable Indian Drug Company. He is self-made Billionaire with totak assets that are estimated to be worth of $18 billion. The Businessweek Magazine states that Shangvi founded Sun Pharmaceuticals Industries Ltd. in 1982 and been the Managing Director of that pharmaceutical industry. Pharmaceutical manufactures generic versions of drugs like Doxil and Prandrin and many more blockbuster drugs for the Indian Market. Globally, he is stands at 44th position in the richest persons list.
1. Mukesh Ambani- US$19 billion:
Mukesh Ambani leads the list of top 10 richest persons with the net worth of $19 billion. Once he was the third richest person in the world with more than 40 Billion net worth, but decline in share price of Reliance has hit him hard and his wealth reduced to half since then. Mukesh Ambani is said to be one of the finest Business persons in India at present, who inherited company from Legendary Dhirubhai Ambani and took it to new heights. In January 2014 Mukesh Ambani and Reliance Jio Infocomm Ltd entered into the Indian Cellular business. He spent approximately $11 billion to get the high-speed 4G network off the ground. The company currently possesses over 11,000 signal towers to compete with Vodafone Group and Bharti Airtel Ltd. And he recently created a storm in Indian Cellular Business sector by announcing the exciting offers on the Jio Network. He is the 39th richest person in all over the world.
This was the latest list of Top 10 Richest Persons in India who have gained a lot of wealth in their business and operations. It is great to see several people from India featuring amongst the Top100 richest persons in the world.