The top 10 wealthiest person of India, whose wealth is more than 1 billion and related with diversified business. Some of them have oil refinery and some of them are related with outsource work, and one of them have world’s largest steel maker company. So, let’s take look in brief on India’s richest person.Net Worth : $51.4 billion
Source of Income : Reliance Industry, Jio Telecom , petrochemicals, oil & gas
Mukesh Ambani is richest person in India, with net worth $51.4 billion. He is the chairman and managing director of Reliance Industry India’s most valuable company, who related to petroleum, oil and gas refinery. Reliance was founded by his late father Dhirubhai Ambani in 1966 as small textile manufacturing. Later, died of his father in 2002 the industry divided between Ambani and his younger brother. In, 2016 Ambani launched India’s first 4G as Jio telecom network with lowest rate, Jio has more than 160 million subscriber which offering free voice call and unlimited data. Jio also introduce his mobile phone in cheapest rate.
2. Azim Premji
Net Worth : $7.2 billion
Source of Income : Software Service
Azim Hasim Premji born in July, 1945 at Mumbai, who is Indian business tycoon, tech magnet and investor. He is chairman of Wipro Limited from four decades of diversified growth and Wipro is India’s third largest outsourcer. Azim Premji, completed his graduate from Stanford University in Electrical Engineering USA. Later, father’s death he joined his business Western Indian Vegetable Products Ltd of $2 million hydrogenated cooking fat company and turned into $8.5 billion revenue Wipro Limited, who work in IT, BPO and R&D service organization with 58 countries.
3. Hinduja Family
Net Worth : $16.9 billion
Source of Income : Diversified
Parmanand Deepchand Hinduja was an Indian businessman, who founder of the Hinduja Group. After Parmanand’s death his four sons Srichand, Gopichand, Prakash and Ashok took the lead of Hinduja Group. The company work with diversified business from manufacturing of truck to banking, oil and gas, media and cable television etc. Srichand and Gopichand are living in London and own valuable real estate business. While Prakash Hinduja living in Geneva and youngest sibling Ashok Hinduja oversees their business in Mumbai, India.
4. Lakshmi Mittal
Net Worth : $18.6 billion
Source of Income : Steel
Lakshmi Narayan Mittal born in June, 1950 at Sadulpur which is small town of Rajasthan India. He is the CEO and chairman of ArcelorMittal, the world’s largest steelmaker company. Lakshmi went separated from his siblings to start Mittal Steel after that in 2006 Mittal merge with France steel making company Arcelor and become ArcelorMittal, world’s largest steel making company. In 2017 ArcelorMittal’s revenues goes to $68.7 billion. In May, 2017 ArcelorMittal acquired Italy’s steel making firm for $2 billion with Italian steel firm Marcegaglia.
5. Godrej Family
Net Worth : $14 billion
Source of Income : Godrej Group
The Godrej family is an Indian Gujrati speaking Zororastrian Parsi family. The Godrej family controls $4.5 billion revenue of 120-year-old consumer good giant Godrej Group. The group was established by lawyer Ardeshir Godrej in 1897. Today, MIT grad Adi Godrej took charge as chairman in 2002. Also, Adi Godrej’s daughter and son, Key group companies include Godrej Consumer Products, chaired by Adi’s daughter Nisaba and Godrej Properties run by his son Pirojsha. The Group includes Godrej Industries, Godrej Agrovet, Godrej Consumer Products, Godrej Properties and Godrej Infotech holding the holding company Godrej and Boyce.
6. Shiv Nadar
Net Worth : $ 14.7 billion
Source of Income : Software Service
Shiv Nagar born in July 1945 India, he is the founder and chairman of HCL and Shiv Nadar Foundation. Shiv Nadar founded HCL in 1970s and transformed the IT hardware company into IT enterprise over the three decades and today HCL technology is India’s fourth largest software service provider company. In 2008, he was awarded by Padma Bhushan for his efforts in IT industries. HCL has 120,000 employs worldwide. Nadar donated $ 660 million to Shiv Nadar Foundation for focused on developing education system through foundation.
7. Kumar Birla
Net Worth : $9.6 billion
Source of Income : Commodities
Kumar Birla is born in June 1968 and he is the fourth-generation head of $41 billion revenue, Aditya Birla Group. He joined group at age of 28 when his father died in 1995. The Group main interest in cement and aluminium to telecom and finance service. In 2017, Birla merge his company Idea cellular with Vodafone India to take on Reliance Jio.
8. Dilip Shanghvi
Net Worth : $7.55 billion
Source of Income : Pharmaceuticals
Dilip Shanghvi born in October 1955, India’s one of the billionaire person. Dilip’s father was pharmaceuticals distributer, he took $200 borrow from his father and start Sun Pharma in 1983 to make psychiatrics drugs. Sun Sharma is world’s fourth largest generics maker and India’s most valuable pharma company. In 2016, he awarded by the civilian honour Padma Shri by Government of India.
9. Gautam Adani
Net Worth : $15.7 billion
Source of Income : Infrastructure, Commodities
Gautam Shantilal Adani born in June 1962, Ahmedabad Gujarat. Gautam Adani is Indian industrialist, who is the founder and chairman of Adani Group and also controls Mundra Port, India’s largest port in Mundra, Gujarat. Adani Group’s diversified business include power generation and transmission, real estate and commodities.
10. Pallonji Mistry
Net Worth : $15 billion
Source of Income : Construction
Pallonji Mistry is Indian billionaire construction tycoon and chairman of giant 153 years old Shapoorji Pallonji Group, who born in 1929, Parsi family, later his family moved to Mumbai from Vesa, Gujarat. Pallonji was educated at the Cathedral and John Connon School, followed by Imperial College London. Pallonji Group built some od Mumbai’s landmark around the Fort area the Grindlays Bank, the Standard Chartered Bank, the State Bank of India and the Reserve Bank of India. Mistry is highest individual shareholder in India’s largest private conglomerate, Tata Group an 18.4% stake. The country’s leading water purifier, Eureka Forbes owns by Mistry’s older son Shapoor.