businessman india

Top 10 Richest Businessman in India

Today we know the top 10 richest businessman in india. Mukesh Ambani, the head of India’s Reliance Business Empire, is the richest man not only in India but in Asia. Ambani has been the richest man in Asia for most of the last two years. Although earlier this year took a new turn with this title. He lost the crown of Asia’s richest man to Chinese billionaire water trader Zhang Shanshan. Later in March, the share price of Shanshan Bottled Water Company fell by a record 20 percent and Ambani rose to the top again.

The list of Forbes’ 35th annual billionaires has not changed, with Ambani still the richest man in India. However, the surprise came with the position of the second top rich. Gautam Adani is in the second position. Interestingly, this year’s chairman of India’s Adani group has beaten not only Mukesh but all the world’s richest people. This year, Gautam has increased his wealth the fastest, surpassing Jeff Bezos, Elon Musk and Mukesh Ambani.

According to the Forbes list of India’s top 10 richest people, both of them are associated with the healthcare sector. Their wealth has swelled with the huge demand for this sector’s products created during the epidemic. Let’s take a look at the names of the top 10 richest businessman in India.

1. Mukesh Ambani

Mukesh Ambani is the No. 1 richest businessman in India. He is the Chairman and Managing Director of Reliance Industries Limited, India’s top telecom company. Mukesh Ambani has a net worth of 84.5 billion. Mukesh Ambani has remained the richest man in India for more than a decade.

Ambani has raised 35 billion to reduce Reliance Industries’ net debt to zero amid the Covid-19 epidemic. Last year, he sold one-third of his telecom unit Geo to investors like Facebook and Google.

2. Gautam Adani

Gautam Adani is the 2nd richest businessman in India. He is the chairman and founder of Adani Group. His net worth is 50.5 billion. The Adani Group was founded in 1988 by Gautam Adani. It gradually became the leading power generator and port operator in India.

In 2019 the group named the airport business. At present, there are six companies of Adani Group listed in the capital market. All but one of Adani Group’s trading stocks have risen 50 percent this year. In some businesses, Adani’s profit margin has exceeded 90 percent.

3. Shiv Nadar

Shiv Nadar is at number 3 in the list of top richest businessmen in India. He is the founder and chairman of HCL Technologies. Shiv Nadar is one of the three with a net worth of 23.5 billion. HCL is the third largest software exporter in India.

HCL has seen a 67% increase in its assets as a result of limited exposure to the Covid-affected segments such as travel, retail and hospitality. Shiv Nader, a resident of Delhi, resigned as chairman of HCL Technologies in July last year. The only daughter Roshni Nadar handed over the responsibility to Malhotra.

4. Radhakrishna Damani

Radhakrishna Damani is at number 4 in the list of top rich businessmen of India. He is the founder of Demart. He manages his portfolio through his Bright Star Investments Limited. One of the names of retail and investment is Radhakrishna Damani. Almost the whole world is facing financial loss due to coronavirus.

Due to some kind of stagnation in trade and commerce, the wealth of many Indian industrialists has decreased during this time. However, the total wealth of Radhakrishna Damani has increased to 16 billion. Originally, he rose to the position of the richest man in the Avenue Supermarket last year by increasing the share price.

5. Uday Kotak

Uday Kotak is the 5th richest businessman in India. He is the Executive Vice Chairman and Managing Director of Mahindra Bank By 2021, he owns 15.9 billion. The dream was to become a professional cricketer. But an accident at 22 yards shattered that dream. Returning from the brink of death, Uday Kotak started his own family business and a few days later his own finance firm.

Fate did not turn its back on this journey. In 2003, his financial firm was transformed into a bank. The bank is in the top four in the Indian private sector. Kotak sold 95 950 million worth of shares in June, reducing his stake in the bank to 26 per cent as ordered by the Reserve Bank.

6. Lakshmi Mittal

Uday Kotak is the 6th richest businessman in India. He is also the chairman and CEO of ArcelorMittal, the world’s largest steel and mining company in terms of production.

Steel is the mainstay of Lakshmi Mittal’s business. He now lives in London. In 2021, he will own 14.9 billion. Last year, Lakshmi stepped down as chief executive of ArcelorMittal. His son has taken this responsibility. Lakshmi is now the executive chairman of the company.

7. Kumar Birla

Kumar Birla is the 7th richest businessman in India. He is the chairman of Aditya Birla Group, one of the largest organizations in India. He also owns several companies, including Vodafone Idea, Cement and many more. He now owns 12.8 billion.

Kumar is the Chancellor of Birla Institute of Technology and Science. Chairman, Indian Institute of Management, Ahmedabad. After the death of his father Aditya Vikram Birla, Birla Aditya took over as the chairman of Birla Group in 1995 at the age of 28. Birla has won several awards in 2016, including the International Advertising Association’s “CEO of the Year Award”.

8. Cyrus Poonawalla

Cyrus Punewala is at number 8 on the list of India’s richest businessmen. He is the Chairman and Managing Director of Cyrus Poonawalla Group. With a fortune of 12.7 billion, Cyrus is now the eighth richest man in India.

At this time in the corona, the Punewala family seems to have gained a new identity. The coronavirus vaccine is being developed at the Serum Institute, a vaccine company of Cyrus Punewala. An Indian biotech company that is the largest vaccine manufacturer in the world. Although now the main responsibility of the best is in the hands of Cyrus’ son Adar Punewala. In 2022, he was awarded the Padma Bhushan by the Government of India for his contribution to the production of vaccines during COVID-19 in the field of trade and industry.

9. Dilip Shanghavi

Dilip Shanghavi is the 9th richest businessman in India. He founded Sun Pharmaceuticals. Dilip’s name is in the world of medicine making in India. His company, Sun Pharmaceuticals, has made great strides during this period. He will own 10.9 billion in 2021.

Sanghavi started his career in early life by helping his father in business. Which was mainly a wholesale dealership of generic drugs. At that time he was selling drugs for different companies. Although he was thinking about how to sell their own medicines. He later founded his pharmaceutical company, Sun Pharmaceuticals.

The Government of India awarded him the Padma Shri in 2016. India Today Magazine ranked him as the 8th most powerful person in India in 2017.

10. Sunil Mittal and family

Sunil Mittal and his family are at number 10 on the list of India’s richest businessmen. She is the founder and chairperson of Bharati Enterprise. Sunil Mittal, a resident of Delhi, has a net worth of 10.5 billion. His is a joint venture with Bharti Airtel, Singapore’s SingleLel, India’s second largest telecom operator after Ambani’s Geo.

The group’s flagship company is one of the largest in the world and the second largest telecom company in India with operations in 18 countries across Asia and Africa with a customer base of over 399 million.

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