Top 10 Richest Person In India 2015
Top 10 Richest Person In India 2015 This list is billionaire guaranteed!!! Not narrowed to one category, this list contains the richest person in India. This list is purely based off of net worth and only contains individuals with a net worth that exceeds $1 billion. From business tycoons to the entertainment industry, anyone is eligible to make it as long as they have the cash.
10. Kumar Birla ($7.9 Billion)
Fourth generation of storied Birla clan, Kumar Birla, has chaired $41 billion (revenues) Aditya Birla Group, named after his late father, for 2 decades. Industrialist’s wealth shrank as shares of his aluminum maker, Hindalco, roiled by lower prices and higher costs, halved in the past 12 months, and it reported a 67% drop in net profits in a recent quarter. Cement unit Ultratech has acquired 4 factories from rival Jaypee Group in the past year for $1.4 billion. Birla’s newest venture is Bizlabs, a unit to back startups. He has also launched Aadyam, a nonprofit, to support theatre. He recently bought a Mumbai heritage mansion for $65 million.
9. Cyrus Poonawalla ($8.4 Billion)
Cyrus Poonawalla moves into the top 10 for the first time as his privately owned Serum Institute of India, which son, Adar, helps him run, reported record profits of $295 million on revenues of $595 million. Recently, it tied up with US-based Visterra to make a drug to treat dengue fever. Poonawalla is also investing $150 million to expand Serum’s capacity to make a range of new vaccines. Last November, Serum teamed up with Cipla, controlled by fellow billionaire,Yusuf Hamied, to market its vaccines in Europe. The alliance fuelled rumors of a possible merger. In September, he bought Lincoln House, the former American Consulate in Mumbai, for $110 million.
8. Lakshmi Mittal ($9.4 Billion)
Lakshmi Mittal, once India’s richest, controls ArcelorMittal, the world’s biggest steelmaker, which is battling a global supply glut and rising imports from China. In 2014 Arcelor had reported a net loss of $1.1 billion on revenues of $79.3 billion. The company said it would close down 2 mills in South Africa and is looking to restructure in the U.S. Mittal remains bullish on his home country; in May Arcelor signed a joint venture with state-owned Steel Authority of India to make automotive steel.
7. Godrej family ($11.4 Billion)
Nine members of the Godrej clan work at the 118-year-old Godrej Group, a $4.1 billion (revenues) consumer-goods conglomerate chaired by Adi Godrej, the third generation to head the storied group. The group was established by lawyer Ardeshir Godrej, who gave up his profession to make locks in 1897. He launched the world’s first soap product made from vegetable oil in 1918. Thereafter his brother Pirojsha took on the mantle and went on to acquire a vast parcel of land in suburban Mumbai that remains the family’s biggest asset to this day. An MIT grad, Adi returned home to join the family business in 1963 and took charge as chairman in 2000.
6. Shiv Nadar ($11.9 Billion)
Shiv Nadar, cofounder of the $7 billion (revenues) HCL Group, gets bulk of wealth from software outfit HCL Technologies, which reported net profits of $1.2 billion on revenues of $6 billion in the year ended June 2015. The company formed a joint venture for banking software services with U.S.-based Computer Sciences Corp. His newest venture is HCL TalentCare, a skills-development firm that provides training to new graduates. Nadar recently set up a $500 million fund with a partner to invest in startups and U.S. health care tech firms. Wife Kiran Nadar recently paid a record $4 million at a Christie’s auction in New York for a painting by late Indian artist F.N. Souza that belonged to Tina Ambani, wife of billionaire Anil Ambani.
5. Pallonji Mistry ($14 Billion)
Pallonji Mistry’s construction giant, Shapoorji Pallonji Group, run by older son Shapoor, is celebrating its 150th anniversary this year. Its real estate arm 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 affordable homes. Mistry’s biggest source of wealth remains his 18.4% stake in Tata Sons, the holding company for the $109 billion (revenues) Tata Group, chaired by younger son Cyrus.
4. Hinduja family ($15 Billion)
Four brothers control multinational conglomerate the Hinduja Group, whose interests extend from banking to transportation, energy, technology and media. The group was started by their father, Parmanand Deepchand Hinduja, who initially traded goods in the Sindh region of India (now Pakistan) then moved to Iran in 1919, where the group was headquartered until his sons moved the base to London in 1979. Today the group is co-chaired by siblings Srichand (“S.P.”) and Gopichand (“G.P.”), both based in London. Prakash (“P.P.”) lives in Geneva and Ashok (“A.P.”) is based in India. S.P.’s daughters Shanu and Vinoo, G.P.’s sons Sanjay and Dheeraj, and P.P.’s sons Ajay and Ramkrishan are all actively involved in the business.
3. Azim Premji ($16.3 Billion)
Tech tycoon Azim Premji’s Wipro, India’s third-largest outsourcer, reported a 10% rise in revenues to $1.9 billion in the latest quarter. It has won new business from multinational clients such as ABB and Philip Morris. In July company’s digital arm acquired Danish design firm Designit for $95 million. Wipro was selected by the English Premier League’s Chelsea Football Club as its digital partner. Son Rishad, who heads strategy and also oversees Wipro’s $100 million venture capital fund, was appointed to the board in May. Premji has pledged a further 18% stake in Wipro to his charitable trust in addition to a 21% stake already given.
2. Dilip Shanghvi ($16.6 Billion)
Pharma magnate Dilip Shanghvi’s wealth has flatlined as Sun Pharmaceutical Industries reported a 46% drop in net profits to $72 million in a recent quarter due to merger costs linked to its $4 billion acquisition of rival Ranbaxy Industries. But Sun remains India’s most valuable drug company (recent market cap: $30.5 billion). In September it bought InSite Vision, a U.S.-based maker of ophthalmic products for $45 million. Shanghvi personally paid $270 million for a 23% stake in struggling wind-power firm Suzlon Energy in February, causing shares to temporarily jump. The normally reticent tycoon recently commented that inflation was eroding India’s competitive advantage.
1. Mukesh Ambani ($20.7 Billion)
Mukesh Ambani has retained his position as Richest person in india for close to a decade despite shares of his oil and gas giant Reliance Industries taking a hit due to lower oil prices. The $62.2 billion (revenues) firm is preparing for the launch of 4G services by its telecom arm Reliance Jio for which it has teamed up with once-estranged younger sibling Anil Ambani’s Reliance Communications. Wife Nita, who sits on Reliance’s board, is involved in Jio’s marketing plan. His U.S.-educated twins, Akash and Isha, have board seats at Reliance’s telecom and retail units. (Reliance controls media outfit Network 18, which publishes Forbes India, a licensed publication of Forbes.)