List of Top 100 Richest Persons in India

How Much Money do you need to have to be crowned as the Richest person In India?

Well, it’s Just Rs 257000 crores.

But the question is…

Who does have this massive amount of money in India?

This question is answered every year by top global organizations including Forbes and Hurun.

In a vibrant economy like India, there is no dearth of billionaires and millionaires, of course, if one calculates their wealth in US Dollars.

Richest Person in India or New Billionaires of 2018:

Hurun Report 2017 found 617 Indians with Rs 10 billion worth assets. This report states, the number of richest people in India has grown by 278 over 2016 and quadrupled since three years ago.

“ On average, the wealth of Hurun India Rich Listers have increased by 17 percent compared to that of 2016.  The number of dollar billionaires has increased to 136 from 126 last year.

The inaugural Hurun India Rich List in 2012 had 59 billionaires.

On the other hand, Forbes List of India’s 10 richest persons has somewhat remained consistent over the years. Hence, we combine findings of Hurun and Forbes to present our list India’s 10 most richest man.

Ratan Tata: World’s Richest person?

Tata Sons Chairman, Ratan Tata’s net worth is estimated at US$ 85 to US$ 90 Billion if one takes into account the 65 percent stake he holds in India’s largest business conglomerate.

This figure puts Ratan Tata among the world’s top three richest men, according to various sources. The net worth of Amazon founder Jeff Bezos and Microsoft’s Bill Gates hovers around US$ 90 Billion each.

Richest Indians – Top 100 Richest Persons in India in 2018:

1. Mukesh Ambani

mukesh-ambani - Richest man in India

Chairman of Reliance Industries Ltd, Mukesh Ambani is pegged as India’s richest person by Forbes and Hurun. With wealth in excess of Rs 2.57 Trillion, Mukesh Ambani is far ahead of any Indian billionaire.

According to Hurun, the wealth of Mukesh Ambani is 50 percent more than the Gross Domestic Product of his country of birth- Yemen.

As RIL ventures into various other enterprises, including defense, Mukesh Ambani is all set to retain this position for the next few years at least.

2. Dilip Shanghvi

Dilip Shanghvi - Richest man in India

With wealth estimated at Rs.890 Billion, pharmaceuticals magnate Dilip Shanghvi is billed as second India’s richest person. Dilip Shanghvi’s assets could have been higher.

However, his pharmaceuticals conglomerate, Sun Pharma Ltd and its group of companies witnessed a downslide during 2017 for various reasons. Despite, he continues to retain the second position.

3. Lakshmi Nivas Mittal

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Steel baron LN Mittal moved up as the third richest person in India  in 2017 thanks to a global spurt in demand and prices of the metal.

Relaxation in steel import rules enacted in the US and Europe also helped Lakshmi Nivas Mittal bag more business in these markets. His wealth is assessed at Rs. 882 Billion.

4. Shiv Nadar

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At Rs. 851 Billion net worth, HCL founder Shiv Nadar takes the fourth position among India’s richest person.

HCL is billed as the world’s fourth-largest software provider and has diverse business interests in the IT sector. In 2017, HCL acquired a US-based mortgage fulfillment firm, adding to his portfolio of investments and holdings.

5. Azim Premji

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India’s IT giant and Fast Moving Consumer Goods (FMCG) giant, Wipro founder Azim Premji ranks as the fifth wealthy or richest person in this country. With assets worth Rs.739 Billion in 2017, Azim Premji continues to remain among top 10 richest people of India.

However, his rankings have swung from top to middle during the last few years.

6. Cyrus S. Poonawala

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Cyrus s. Poonawala has a net worth of Rs.711 Billion and is the founder of Serum Institute of India Pvt. Ltd.

SII is the world’s largest producers of vaccines in the world and makes about 1.3 billion doses annually for prevention of a variety of disease among infants, toddlers, and adults.

The company is also the largest exporter of vaccines around the world. Cyrus s. Poonawala is an Indian richest person in 2017.

7. Gautam Adani

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Following an investment of Rs.490 Billion in developing a port in Gujarat and interests in other industries, Gautam Adani’s is the seventh richest person in India.

His net worth is pegged at Rs. 706 Billion. The Gujarat port project also earned Gautam Adani some accolades: its development will provide jobs to over 25,000 professionals and unskilled workers.

8. Acharya Balkrishna

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At the age of 45 years, Acharya Balkrishna is the youngest in the list of top 10 richest Indians.

Acharya Balkrishna is a familiar face with Indian TV viewers since advertisements of his company, Patanjali Ayurved Ltd, depict him alongside Yoga guru Baba Ramdev.

Acharya Balkrishna gate-crashed into the club of top 10 richest Indians last year with his wealth found to be in excess of Rs. 700 Billion.

He is rightly credited as the driving force beyond India’s Fast Moving Consumer Goods (FMCG) and Ayurvedic medicine company, Patanjali Ayurved Ltd and its subsidiary, Divya Pharmacy.

Acharya Balkrishna holds 97 percent stake in Patanjali Ayurved Ltd, whose income soared by an impressive 700 percent in 2017 and has ousted MNCs operating in the FMCG sector.

9. Uday Kotak

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Managing Director of Kotak-Mahindra Bank, Uday Kotak’s net worth is said to be around Rs. 627 Billion.

However, Uday Kotak is expected to move upwards in the list of top 10 wealthiest Indians as the bank explores new business horizons in 2018. Kotak-Mahindra Bank ranks among the topmost private sector financial institution of India.

10. Sunil Mittal

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Founder of India’s homegrown telecom giant, Bharti Airtel, his estimated net worth is Rs. 565 Billion.

Over the last couple of years, Sunil Mittal and Bharti Airtel are under siege due to price wars raging in India’s Fourth Generation (4G) mobile market.

Consequently, Sunil Mittal, his family and Bharti Airtel have made heavy investments in buying additional 4G spectrum and Indian division of Norway’s telecom provider, Telenor who had an agreement with Unitech to provide Uninor brand of mobile services in various Indian states.

More Indian Billionaires or Richest Indians:

India has at least 100 billionaires. Hence, we provide a list of other 90 top richest Indian who are not included in the above list compiled by Hurun.

Name Net Worth (in US$) Company
Hinduja Brothers 18.40 Billion Ashok Leyland
Pallonji Mistry 16 Billion Shapoorji Pallonji Group
Godrej Family 14.20 Billion Godrej Group
Kumar Birla 12.60 Billion Aditya Birla Group
Radhakishan Damani 9.30 Billion Avenue Supermarts (D-Mart)
Bajaj Family 8 Billion Bajaj Auto
Savitri Jindal 7.50 Billion OP Jindal Group
Vikram Lal 7.20 Billion Eicher Motors India
Benu Gopal Bangur 6.60 Billion Shree Cement
Burman Family 6.50 Billion Dabur (India) Ltd Group
Subhas Chandra 6 Billion Essel Group
Pankaj Patel 5.90 Billion Cadila Healthcare
Vivek Chaand Sehgal 5.85 Billion Motherson Sumi Systems
Kushal Pal Singh 5.70 Billion DLF
Nusli Wadia 5.60 Billion Britannia Industries Ltd
Ajay Piramal 5.20 Billion Piramal Enterprises
MA Yusssuf Ali 5 Billion LuLu Group, Abu Dhabi
Madhukar Parekh 4.75 Billion Pidilite Industries
Kalanidhi Maran 4.55 Billion Sun TV Group
Pawan Munjal 4.50 Billion Hero Motocorp
Kapil & Rahul Bhatia 4.40 Billion Interglobe Aviation
Mickey Jagtiani 4.30 Billion Landmark Group
Harsh Mariwala 4.20 Billion Marico
BR Shetty 3.90 Billion NMC Health
Ravi Pillai 3.80 Billion RP Group
Mangal Prabhat Lodha 3.75 Billion Lodha Group
Kuldeep & Gurbachan Singh Dhingra 3.70 Billion Berger Paints India
Karsanbhai Patel 3.60 Billion Nirma Group
Ashwin Dani 3.50 Billion Asian Paints
Gupta Family 3.45 Billion Lupin
Shashi & Ravi Ruia 3.40 Billion Essar Group
Sudhir & Samir Mehta 3.35 Billion Torrent Group
Samprada Singh 3.30 Billion Alkem
Anil Agarwal 3.20 Billion Vedanta Resources
Anil Ambani 3.15 Billion Reliance Group
PV Ramprasad Reddy 3.14 Billion Aurobindo Pharma
Baba Kalyani 3.14 Billion Bharat Forge
Vinod & Anil Rai Gupta 3.11 Billion Havells
Sameer Gehlaut 3.10 Billion Indiabulls Group
Hasmukh Chudgar 3.05 Billion Intas Pharmaceuticals
Jain Family 3 Billion Bennett & Coleman (Times of India)
Ashwin Choksi 2.95 Billion Asian Paints
Rajan Raheja 2.90 Billion Exide Industries
Rakesh Jhunjhunwala 2.80 Billion Rare Enterprises
Rajesh Biyani 2.75 Billion Future Group (Big Bazaar etc)
Abhay Vakil 2.71 Billion Asian Paints
Chandru Raheja 2.70 Billion K Raheja Corporation
MG George Muthoot 2.67 Billion Muthoot Finance
Abhay Firodia 2.65 Billion Force Motors
Yousuf Hamied 2.62 Billion Cipla
Rajesh Mehta 2.60 Billion Rajesh Exports
Vijay Chauhan 2.50 Billion Parle Products
Amalgamations Group 2.48 Billion Tractors, Farm Equipment
Jai Hari & Yadu Hari Dalmia 2.45 Billion Dalmia Bharat
Sunny Varkey 2.40 Billion GEMS Education
Murugappa Family 2.38 Billion Muruguppa Group
Rajendra Agarwal 2.30 Billion Mcleods Pharmaceuticals
Harsh Goenka 2.28 Billion RPG Group
Sunil Vaswani 2.25 Billion Stallion Group
Jitendra Virwani 2.2 Billion Embassy Property Development
Leena Tiwari 2.19 Billion USV India
Kiran Mazumdar-Shaw 2.16 Billion Biocon
Sanjiv Goenka 2 Billion RP- Sanjiv Goenka Group
Lacchman Das Mittal 1.98 Billion Sonalika Group
Murlidhar& Bimal Gyanchandani 1.96 Billion RSPL
Mofatraj Manoj 1.95 Billion Kalpataru
Murali Divi 1.94 Billion Divi’s Laboratories
Ramesh Juneja 1.92 Billion Mankind Pharma
Anurag Jain 1.91 Billion Endurance Technologies
Ranjan Pai 1.90 Billion Manipal Group
Vikas Oberoi 1.87 Billion Oberoi Realty
Ravi Jaipuria 1.84 Billion RJ Corp
Salil Singhal 1.83 Billion PI Industries
NR Narayana Murthy 1.82 Billion Infosys
Nirav Modi 1.80 Billion Firestar Diamond
Rajju Shroff 1.77 Billion UPL
Sunder Genomal 1.75 Billion Page Industries
Dinesh Nandwana 1.72 Billion Vakrangee
Nandan Nilekani 1.71 Billion Infosys
Radheshyam Agarwal 1.64 Billion Emami
Radheshyam Goenka 1.64 Billion Emami
Senapathy Gopalakrishnan 1.61 Billion Infosys
Satish Mehta 1.6 Billion Emcure Pharma
Shamsheer Vayalil 1.57 Billion VPS Healthcare
Shyam & Hari Bhartia 1.56 Billion Jubilant Group
Anand Mahindra 1.54 Billion Mahindra & Mahindra
Reddy Family 1.53 Billion Dr. Reddy’s Laboratories
Arvind Poddar 1.48 Billion Balkrishna Industries
Vijay Shekhar Sharma 1.47 Billion Paytm
Rana Kapoor 1.46 Billion Yes Bank

In Conclusion

In addition to these billionaires, there are several very richest persons of Indian origin living in foreign countries, either as Non-Resident Indians or have acquired different citizenships.

The combined wealth of India’s top 10 richest people equals or exceeds the Gross Domestic Product of several countries.

Other than Acharya Balkrishna, whose Patanjali Ayurved Ltd, which was founded in 2006 and was an obscure entity till about 2014, corporations owned by Indian billionaires were founded at least three to four decades ago.

As Make in India initiative gathers momentum and the Central government opens doors for public-private partnerships in several key areas, the number of billionaires in India is expected to grow rapidly.

The listing of India’s wealthiest persons is purely indicative. Generally, several factors are considered while assessing a person’s net worth.

These include personal assets, stakes held in various companies, investments, properties and myriad others. Further, this list is subject to change and depends upon figures disclosed by wealthy individuals.

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