List of Top 100 Richest Persons in India

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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.

Top 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 of Top 100 richest person of India.

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 2018:

1. Mukesh Ambani

mukesh-ambani - Richest man in India

Chairman of Reliance Industries Ltd, Mukesh Ambani is pegged as the richest person of India 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 richest Man in India. 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: List Of Top 100 Richest Person in India 2018:

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.

NameNet Worth (in US$)Company
Hinduja Brothers18.40 BillionAshok Leyland
Pallonji Mistry16 BillionShapoorji Pallonji Group
Godrej Family14.20 BillionGodrej Group
Kumar Birla12.60 BillionAditya Birla Group
Radhakishan Damani9.30 BillionAvenue Supermarts (D-Mart)
Bajaj Family8 BillionBajaj Auto
Savitri Jindal7.50 BillionOP Jindal Group
Vikram Lal7.20 BillionEicher Motors India
Benu Gopal Bangur6.60 BillionShree Cement
Burman Family6.50 BillionDabur (India) Ltd Group
Subhas Chandra6 BillionEssel Group
Pankaj Patel5.90 BillionCadila Healthcare
Vivek Chaand Sehgal5.85 BillionMotherson Sumi Systems
Kushal Pal Singh5.70 BillionDLF
Nusli Wadia5.60 BillionBritannia Industries Ltd
Ajay Piramal5.20 BillionPiramal Enterprises
MA Yusssuf Ali5 BillionLuLu Group, Abu Dhabi
Madhukar Parekh4.75 BillionPidilite Industries
Kalanidhi Maran4.55 BillionSun TV Group
Pawan Munjal4.50 BillionHero Motocorp
Kapil & Rahul Bhatia4.40 BillionInterglobe Aviation
Mickey Jagtiani4.30 BillionLandmark Group
Harsh Mariwala4.20 BillionMarico
BR Shetty3.90 BillionNMC Health
Ravi Pillai3.80 BillionRP Group
Mangal Prabhat Lodha3.75 BillionLodha Group
Kuldeep & Gurbachan Singh Dhingra3.70 BillionBerger Paints India
Karsanbhai Patel3.60 BillionNirma Group
Ashwin Dani3.50 BillionAsian Paints
Gupta Family3.45 BillionLupin
Shashi & Ravi Ruia3.40 BillionEssar Group
Sudhir & Samir Mehta3.35 BillionTorrent Group
Samprada Singh3.30 BillionAlkem
Anil Agarwal3.20 BillionVedanta Resources
Anil Ambani3.15 BillionReliance Group
PV Ramprasad Reddy3.14 BillionAurobindo Pharma
Baba Kalyani3.14 BillionBharat Forge
Vinod & Anil Rai Gupta3.11 BillionHavells
Sameer Gehlaut3.10 BillionIndiabulls Group
Hasmukh Chudgar3.05 BillionIntas Pharmaceuticals
Jain Family3 BillionBennett & Coleman (Times of India)
Ashwin Choksi2.95 BillionAsian Paints
Rajan Raheja2.90 BillionExide Industries
Rakesh Jhunjhunwala2.80 BillionRare Enterprises
Rajesh Biyani2.75 BillionFuture Group (Big Bazaar etc)
Abhay Vakil2.71 BillionAsian Paints
Chandru Raheja2.70 BillionK Raheja Corporation
MG George Muthoot2.67 BillionMuthoot Finance
Abhay Firodia2.65 BillionForce Motors
Yousuf Hamied2.62 BillionCipla
Rajesh Mehta2.60 BillionRajesh Exports
Vijay Chauhan2.50 BillionParle Products
Amalgamations Group2.48 BillionTractors, Farm Equipment
Jai Hari & Yadu Hari Dalmia2.45 BillionDalmia Bharat
Sunny Varkey2.40 BillionGEMS Education
Murugappa Family2.38 BillionMuruguppa Group
Rajendra Agarwal2.30 BillionMcleods Pharmaceuticals
Harsh Goenka2.28 BillionRPG Group
Sunil Vaswani2.25 BillionStallion Group
Jitendra Virwani2.2 BillionEmbassy Property Development
Leena Tiwari2.19 BillionUSV India
Kiran Mazumdar-Shaw2.16 BillionBiocon
Sanjiv Goenka2 BillionRP- Sanjiv Goenka Group
Lacchman Das Mittal1.98 BillionSonalika Group
Murlidhar& Bimal Gyanchandani1.96 BillionRSPL
Mofatraj Manoj1.95 BillionKalpataru
Murali Divi1.94 BillionDivi’s Laboratories
Ramesh Juneja1.92 BillionMankind Pharma
Anurag Jain1.91 BillionEndurance Technologies
Ranjan Pai1.90 BillionManipal Group
Vikas Oberoi1.87 BillionOberoi Realty
Ravi Jaipuria1.84 BillionRJ Corp
Salil Singhal1.83 BillionPI Industries
NR Narayana Murthy1.82 BillionInfosys
Nirav Modi1.80 BillionFirestar Diamond
Rajju Shroff1.77 BillionUPL
Sunder Genomal1.75 BillionPage Industries
Dinesh Nandwana1.72 BillionVakrangee
Nandan Nilekani1.71 BillionInfosys
Radheshyam Agarwal1.64 BillionEmami
Radheshyam Goenka1.64 BillionEmami
Senapathy Gopalakrishnan1.61 BillionInfosys
Satish Mehta1.6 BillionEmcure Pharma
Shamsheer Vayalil1.57 BillionVPS Healthcare
Shyam & Hari Bhartia1.56 BillionJubilant Group
Anand Mahindra1.54 BillionMahindra & Mahindra
Reddy Family1.53 BillionDr. Reddy’s Laboratories
Arvind Poddar1.48 BillionBalkrishna Industries
Vijay Shekhar Sharma1.47 BillionPaytm
Rana Kapoor1.46 BillionYes 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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