Latest list released by Forbes on Top 10 Richest Person in India 2016-17. Wealthiest Indian with their Net Worth and brief detail about their source of Income. Check List of Indian Billionaires and their ranking in the world. Though the number of Indians in World’s Billionaire’s list have been increased, but ranking of Richest Person in India has gone down. Check the list of Top 10 Richest Person in India 2017 with their estimated net worth.
Top 10 Richest Person in India 2016-17
1. Mukesh Ambani – $22.7 Billion
Mukesh Ambani is back as Richest Person in India. With the net worth of $22 Billion, he is first in the list. Once he was in the third position in World with more than 40 Billion net worth, but the decline in share price of Reliance has hit him hard and his wealth reduced to half since then. Having said that Mukesh Ambani is one of the finest Business person in India who inherited the company from Legendary Dhirubhai Ambani and took it to new heights.
2. Dilip Shanghvi – $16.9 Billion
Dilip Shanghvi is now the second richest person in India slipping behind Mukesh Ambani who gets back on top again. Founder of Sun Pharmaceutical Industries, Most Valuable Indian Drug Company. He is self-made Billionaire and now top in Rich List in India.
3. Azim Premji – $15.2 Billion
Founder of Wipro Technologies, one of the largest IT company in India. Inherited an Edible Oil company from his father with the same name Wipro and turned it into third largest Outsource Company in India. He is 3rd Richest Person in India and 48th in the world.
4. Hinduja Brothers – $15 Billion
90 Year Old company run by four brothers together. Some of the big names in Hinduja Group are Ashok Leland, IndusInd Bank, Gulf Oil Corporation Ltd, Hinduja Tech Limited. The company has its presence in many countries and almost everywhere they are profitable.
5. Pallonji Mistry – $13.9 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.
6. Lakshmi Mittal – $12.5 Billion
Another Billionaire whose net worth has declined significantly in last few years. He is still 6th richest person in India with net worth more than 12 Billion. Last couple of years had been rough for Commodity market and his Arcelor Mittal, the Steel manufacturing company reported net loss of $1 Billion in 2014.
7. Godrej Family – $12.4 Billion
118 Year old Consumer Goods Conglomerate, runs by Godrej Family. The company is one of the most trusted brands in India. Nine member of the family is busy in running company which is chaired by Adi Godrej.
8. Shiv Nadar – $11.4 Billion
Shiv Nadar, the 7th Richest Person in India, is the co-founder of HCL group, a computer software and hardware based company in India. It’s flagship outfit HCL Technolgy is rising to a new high with shares soaring which helped him increase his personal networth. He is another Self Made Indian Billionaire.
9. Kumar Birla $7.8 Billion
Since he took the charge of Birla group, company rose to new high. Though he had some set back last year with his name included in charge sheet filed by CBI in Coal Scam case. Hindalco’s mining lease has been cancelled but it did not stop Kumar Birla from entering in the list of Richest Person in India. Idea Cellular is also the part of Birla group whose revenue is increasing significantly.
10. Cyrus Poonawala – $8.6 Billion
Cyrus Poonawalla’s privately-owned Serum Institute of India is the world’s largest vaccine producer making 1.3 billion doses annually in its factory in Pune. He rose from 295th Richest in 2014 to 10th Richest Person in India in 2016-17.
This is the latest and updated list of Top 10 Richest Person in India 2016-17. These are Indian Billionaires who are wealthiest Men in the Country. The List is based on Forbes research (Real Time), and Forbes estimated net worth.
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