Top 20 Richest Indians of 2011
India is a home to scores of billionaires in Asia. India, presently with 55 “dollar-billionaires” holds 4.5% of the global total of 1210 billionaires across the six continents. Lakshmi Mittal, is No. 1 with property worth $51 billion. Mukesh Ambani is very close with $49 billion. Then is Azim Premji, the chairman of Wipro Technologies. The entry in a rich list highlights success through wealth, let’s take a look at the top twenty Indians in the list and find out more about their wealth and worth.
Top 20 Richest Indians of 2011
- Lakshmi Mittal
Mittal is the owner and Vice Chairman of the world’s largest Mittal Steel Association. Mittal and his family possess a wealth of £1.5b less than a year ago. He bought his home in Kensington Palace for £57 million. He is a Non- Executive Director of Goldman Sachs, Eads and ICICI Bank. He is the richest person in UK, the 2nd richest man in Europe and the 6th richest man in the world.
- Mukesh Dhirubai Ambani
Mukesh Ambani is the chairman and managing director of Reliance Industries. He owns one of the largest private sector conglomerates in the world and is recognized as the fourth richest man in the world. His wife Nita runs the IPL team Mumbai Indians. He lost 15% of his wealth last year.
- Azim Premji
Azim Premji is the chairman of Wipro Technologies. He is qualified with a BA from Stanford University. He owns 82% of the Wipro Company, which is India’s 3rd largest exporter. The Wipro fluid power business unit started up in 1975. Wipro entered the IT field in the 1980’s. A large percentage of the company’s revenues are generated by the IT Division. Wipro also works with leading companies such as Alcatel, Nokia, Cisco, Ericsson and Nortel.
- Shashi & Ravi Ruia
Shashi & Ravi Ruia, the brothers own the Essar Group. Essar Group began as a construction company in 1969. Shashi Ruia, had to take over the business at the age of 24 after sudden death of his father. Ten years later, he and his brother Ravi decided to shift from Chennai to Mumbai. The brothers built their Essar Group over four decades into a $15 billion multinational company with interests in Steel Shipping, Power, Telecom Construction, Oil and Gas. Today Essar Group operates in more than 20 countries and employs 70,000 people.
- Savitri Jindal
Savitri Jindal is the non-executive chairperson of Jindal Steel and Power Limited and JSW Steel, and member of the Haryana Vidhan Sabha, (Legislative Assembly) MLA. She became the chairperson after her husband, O. P. Jindal, died in a helicopter crash in 2005. Jindal Steel and Power Limited is the most valuable private steel producer in India. It is the leading player in power, mining, steel, oil & gas and infrastructure.
- Kumar Mangalam Birla
Kumar Mangalam Birla is the Chairman of the Aditya Birla Group, one of the largest multinational corporations in India. He is also the Chancellor of the Birla Institute of Technology & Science. A chartered accountant by profession, Kumar Mangalam Birla earned commerce degree from the HR College, Mumbai, and an MBA in HR from the London Business School. He inherited commodities conglomerate Aditya Birla Group from late father 13 years ago and expanded into financial services, telecom and retail.
- Anil Ambani
Anil Ambani is the chairman of Reliance Anil Dhirubhai Ambani Group which is one of the largest private conglomerates. As of 2011, he is the fourth richest Indian with a personal wealth of $8.8 billion, after Mukesh Ambani,his brother and owner of Reliance Industries, Lakshmi Mittal and Azim Premji. He is a member of the Board of Overseers at the Wharton School of the University of Pennsylvania. His personal stake in Reliance Communications is 66%.
- Adi Godrej
Adi Godrej is one of the richest Indians with net worth of US$7.3 billion. He ranks 130 on Forbes List of Billionaires and the second richest person of Iranian descent in the world after Pallonji Mistry. Adi Godrej left India at the age of 17 to enroll at the Massachusetts Institute of Technology. After returning to India Adi Godrej joined the family business and took the Godrej Group to great height during controlled economy era. After the liberalization process, Adi Godrej restructured company’s policies to meet the challenges of globalization. In the early 2000s, the Group completed a 10-year restructuring process through which each business became a stand-alone company with a CEO/COO from outside the Godrej family.
- Kushal Pal Singh
K.P. Singh is the chairman and CEO of DLF Limited, India’s largest real estate developer. He is now the world’s richest real estate tycoon after listing his real estate development company DLF in 2007. DLF has now become the world’s largest real estate company in terms of revenues, earnings, market capitalisation and developable area.
- Sunil Mittal
Sunil Bharti Mittal is the founder, chairman and Group CEO of Bharti Enterprises. He cofounded Bharti Airtel with two brothers and built into country’s largest mobile phone operator. In 2007, he was awarded the Padma Bhushan, India’s third highest civilian honor. In September 2011, Bharti Airtel was awarded the 3rd Mobile Operator Licence by the Government of Rwanda, making this deal its first investment in Africa and a competitor to MTN.
- Dilip S. Shanghvi
Dilip S. Shanghvi is the chairman of Sun Pharmaceuticals and has an estimated wealth of $4.44 billion. He started Sun Pharmaceuticals in 1983 and it is currently the fifth-largest drugmaker in India. He is estimated to be worth $6.1 billion as of 2011 by Forbes, and is ranked as 13th richest person in India.
- Shiv Nadar
Shiv Nadar is the chairman and Chief Strategy Officer of HCL Technologies. He founded HCL in the mid-1970s and transformed the IT hardware company into an IT Enterprise over the next three decades. As of 2011, his personal wealth is US$5.6 billion.
- Shivinder Mohan Singh
Shivinder Mohan Singh is the younger son of Dr. Parvinder Singh, and the managing director of Fortis Healthcare. He and his brother Malvinder Singh are among the top twenty richest Indians in the world. Mr. Singh also guides the world’s largest student driven organization AIESEC India as an Advisory Board Member and an Alumnus from his University days.
- Kalanithi Maran
Kalanithi Maran is the Chairman and Managing Director of Sun Network, the most profitable Television network in Asia. In June 2010, he acquired Spice Jet one of the most profitable airlines in India. His television channels and newspapers are primarily concentrated in South India, his FM radio stations, DTH service and Airlines are spread across the country.
- Uday Kotak
Uday Kotak is the vice-chairman and managing director of Kotak Mahindra Bank. He owns a 50% stake in Kotak Mahindra Bank. Forbes estimated his wealth to be $3.2 billion as of 2011. When he started his own business, he borrowed a sum of 30 lakh from family and friends that he put in his company. In 20 yrs of starting of business Uday company had a market capitl of 6,700 crores and is the third largest private sector bank in India.
- Micky ‘Mukesh’ Jagtiani
Micky ‘Mukesh’ Jagtiani is the owner of the Dubai-based Landmark retail-stores group, with over 600 stores in the Gulf, India, Pakistan, China and Spain. His first company was a family company diversified into leisure, food, hotels and electronics. Today it employs around 24,000 people and has more than 840 stores across the Gulf, India, China Spain and Pakistan.
- Subhash Chandra
Subhash Chandra is the Chairman of Essel Group, which launched India’s satellite television revolution. His pioneering channel is Zee TV. His other interests include packaging, theme parks, lotteries and cinema multiplexes. In November 2009, he took over management responsibility of Daily News & Analysis (DNA), which features among the top 8 English dailies in India.
- Pankaj Ramanbhai Patel
Pankaj Ramanbhai Patel is the Chairman and Managing Director of Cadila Healthcare, the fifth largest pharmaceutical company in India. Patel was named the “Best Pharma Man of the year 2003” by the Foundation of Indian Industry and Economists.
- Indu Jain
Indu Jain is the chairperson of India’s largest media group, Bennett, Coleman & Co. Ltd., which owns the Times of India and other large newspapers. She is widowed with two sons. The Chairperson of The Times Group, Indu Jain has infused new energy into the growth of India’s largest media house. Indu Jain is also founder President of the Ladies wing of FICCI (FLO).
- Anil Agarwal
Anil Agarwal is the founder and Executive Chairman of the UK-based Vedanta Resources Corporation. Anil Agarwal founded Sterlite Industries, a business operating in the industrial sector in 1976 and then in 1986 established Vedanta Resources bringing together a variety of businesses owned by the Agarwal family. As of 2011, Agarwal is 12th richest Indian. Anil Agarwal is based in UK.