India’s economy has been experiencing exponential growth, and many people are curious about the wealthiest individuals in the country. According to Forbes’ Real-Time Billionaires rankings, here is a list of the top 10 richest people in India as of March 8, 2024:
| Rank | Name | Global Rank | Net worth (US$) | Company |
|---|---|---|---|---|
| 1 | Mukesh Ambani | 9 | $116 B | Reliance Industries |
| 2 | Gautam Adani | 17 | $84 B | Adani Group |
| 3 | Shiv Nadar | 39 | $36.9 B | HCL Technologies |
| 4 | Savitri Jindal & family | 46 | $32.4 B | JSW Group |
| 5 | Dilip Shanghvi | 69 | $26.9 B | Sun Pharmaceutical Industries Ltd |
| 6 | Cyrus Poonawalla | 90 | $21.3 B | Serum Institute of India |
| 7 | Kushal Pal Singh | 92 | $20.9 B | DLF Limited |
| 8 | Kumar Birla | 98 | $19.7 B | Aditya Birla Group |
| 9 | Radhakishan Damani | 107 | $17.6 B | DMart, Avenue Supermarts |
| 10 | Lakshmi Mittal | 113 | $16.4 B | ArcelorMittal |
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Mukesh Ambani
- Age: 66 Years
- Source of Wealth: Reliance Industries Ltd
- Net Worth: $116 billion
- Mukesh Ambani is the Chairman and Managing Director of Reliance Industries, which has a revenue of over Rs 9.03 lakh crore ($109.4 billion). Reliance Industries is involved in diverse sectors such as petrochemicals, oil and gas, retail, and telecom. Ambani’s three children, Akash, Anant, and Isha, are actively involved in managing different divisions of the conglomerate.
Gautam Adani
- Age: 61 Years
- Source of Wealth: Adani Group
- Gautam Adani is the founder and chairman of the Adani Group, a multinational conglomerate involved in port operations and development within India. The Adani Group has business interests in various sectors, including ports, airports, power generation and transmission, and green energy. Adani is recognized as India’s largest airport operator and also controls Gujarat’s Mundra Port, the country’s largest.
Shiv Nadar
- Age: 78 Years
- Source of Wealth: HCL Enterprise
- Shiv Nadar is the proprietor of the HCL group, which serves renowned clients such as Cisco, Microsoft, and Boeing. He is a highly respected philanthropist and was awarded the Padma Bhushan, India’s esteemed third-highest civilian distinction, in 2008. In late 2023, Nadar donated Rs 2,042 crore for philanthropic causes.
Savitri Jindal & family
- Age: 74 Years
- Source of Wealth: O.P. Jindal Group
- Savitri Jindal is an Indian politician and entrepreneur who holds the esteemed position of emeritus chair at the O.P. Jindal Group. The various divisions of the business are run by her four sons: Prithviraj, Sajjan, Ratan, and Naveen Jindal. The Jindal Group has business interests in India, the USA, South America, Europe, and Africa. Savitri Jindal is the richest woman in India.
Dilip Shanghvi
- Age: 68 Years
- Source of Wealth: Sun Pharmaceuticals
- Dilip Shanghvi is a prominent Indian business tycoon and the visionary behind Sun Pharmaceutical Industries, the first Indian pharma company with a $5 billion valuation. Sun Pharma grew through a series of acquisitions, including the 2014 purchase of scandal-tainted rival Ranbaxy Laboratories for $4 billion.
Cyrus Poonawalla
- Age: 82 Years
- Source of Wealth: Serum Institute of India
- Cyrus Poonawalla is the primary beneficiary of the privately held Serum Institute of India, the world’s largest vaccine manufacturer. The institute, headquartered in Pune, has played a crucial role in the development and distribution of Covid-19 vaccines. Poonawalla’s wealth has increased due to the widespread utilization of the vaccines developed by the Serum Institute.
Kushal Pal Singh
- Age: 92 Years
- Source of Wealth: DLF Limited
- Kushal Pal Singh is the chairman emeritus of DLF Limited, India’s biggest listed real estate firm by market cap. Singh joined DLF, a company started by his father-in-law, in 1961 and served as chairman for more than five decades.
Kumar Birla
- Age: 56 Years
- Source of Wealth: Hindalco Industries
- Kumar Birla is the leader of the Aditya Birla Group, which is involved in various sectors, including aluminum, cement, and financial services. Birla was also the non-executive chairman of Vodafone Idea, a telecommunications company, until 2021. As of 2024, he serves as a non-executive director of the company.
Radhakishan Shivkishan Damani
- Age: 69 Years
- Source of Wealth: Avenue Supermarts Limited
- Radhakishan Shivkishan Damani is the founder of Avenue Supermarts Limited, which operates more than 300 DMart stores in India. He also controls his investment ventures through his company, Bright Star Investments Limited.
Lakshmi Mittal
- Age: 73 Years
- Source of Wealth: ArcelorMittal
- Lakshmi Mittal is the Chairman and CEO of ArcelorMittal, the largest global steel manufacturer. Mittal passed on the CEO role to his son, Aditya Mittal, in 2021 but continues to serve as the executive chairman of the company. ArcelorMittal recently faced production stoppage at its Kryvyi Rih facility in Ukraine due to Russia’s invasion of Ukraine.
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