Top 10 Richest Person in India Forbes

The list made by Forbes of Indian Billionaires is based on the assessment of wealth annually and assets which is then complied and then published by this Forbes Magazine in March 2016. The change made by the PM Modi Barely effects the wealth of the Top Indian Billionaires and below is the list of top ten billionaires with its brief description.

#1 Mukesh Ambani
Chief and Managing Director of Reliance Industry Mukesh Ambani is again emerged as Wealthiest person of India for the 10th straight year. He was born on 19th of April 1957 is an Indian Business Magnate who is the largest shareholder of the Reliance Industry Limited and now holds about 44.7% stake within the company. This RIL mainly deals in the refining, petrochemicals, and oil and gas sectors and on the other hand Reliance Retail Ltd. is the largest retailers in India. He is the elder son of Late Mr. Dhirubhai Ambani . In 2016, he is on 38 th number and is the only Indian businessman on the Forbes’ list of most powerful people in the world. Forbes also stated that all the economic experiments made by PM Narendra Modi have barely affected the billionaires of India while no one gained more than the Tycoon Mukesh Ambani. He has continuously maintained his hold on the top slot by adding up to $15.3 billion amount to thus last year and become one of the Asia’s top five richest people.

#2 Azim Premji
Azim Premji is now one of the richest business tycoons of India and is also a chairman of Wipro Company Limited and leading Wipro since year 1966 and now under his leadership now Wipro services are spread over about 50 countries. According to the Forbes Magazine, he is the second richest person in India after Mukesh Ambani, having a personal wealth of US $ 17 billion in the year 2010. In the year 2000, Asia week has voted for him among the 20 most richest and powerful men in the whole world. He was born n Mumbai in a Muslim family and his father was a vegetable factory owner. The maximum revenue is generated by the IT division of the company. Now, the Wipro Technologies has become the third largest software development company. He is also known for his frugality and modesty instead of his health. In the year 2001, he also founded the foundation named Azim Premji Foundation.

#3 Hinduja Brothers
Hinduja Group is a Conglomerate company of India having their headquarters in London, United Kingdom. They are involved in wide variety of activities which might includes import, export, trading, motor vehicles, call centers and health care. This Hinduja family has four siblings which includes Srichand, Gopichand, Prakash and Ashok which control this whole multinational group. These brothers own a very valuable real estate within London and are one of the Asia’s richest families. This whole empire was started by their father Premanand Deepchand Hinduja , who deals in trading goods in the sindh region within India. After a successful business, he now become one of the richest family and ranked number 3 rd in all over Asia.

#4 Laxmi Mittal
Laxmi Mittal is an Indian steel magnate who is now based in the United Kingdom. He is also CEO and chairman of Archelor Mittal , which is the largest steel making company. In the year 2005, Forbes Magazine ranked as the richest person within the whole world and is considered as the richest person Asian person in Europe in the year 2007. After hailing from a steel clan, he then separated from his siblings in order to start mittal steel and then decided to merge the company with Archelor of France in the year 2006. He then starts getting benefits from a sudden up stick in the demand and prices of steel and receives a net profit of $1.8 billion in the year 2016. He also received the Padma Vibhushan which is the India’s highest honour of being civilian and also received Forbes Lifetime Achievement Award.

#5 Pallonji Mistry
Pallonji Mistry was born in 1929 is a tycoon of Irish Indian construction and also a chairman of Shapoorji Pallonji Group. According to Forbes reports, his total estimation of wealth is calculated as US$16.9 billion as in the year September 2016. After having stake of 18.4% in Tata Sons, he then becomes the largest single shareholder in the India’s Largest Private conglomerate Tata Group. He is also a Chairman of the Group named Shapoorji Pallonji through which he also owns the Shapoorji Pallonji Construction Limited. The group S.P. Group which is run by older son of ministry named Shapoor also owned Eureka Forbes which is known for the country’s leading brand of selling water purifier. The younger son of ministry which has name Cyrus is then embroiled within a legal battle with the Tata Group after that he was ousted suddenly as a chairman of Tata Sons in the year 2016 October.

#6 Godrej Family
Godrej Family is an Indian Parsi Family that generally owns and manages largely the Group named Godrej, which are a conglomerate founded by the Tycoon named Ardeshir Godrej and his brother named Pirojsha Burjorji Godrej in the year 1897. This group is now headed by Adi Godrej with his brother by his side named Nadir Godrej and one cousin named Jamshyd Godrej and Adi took the charge of Chairmanship in the year 2000. This family is one of the richest families within the Indian country. His total wealth is calculated and estimated as $11.6 billion as in the year 2014. All the Godrej Consumer Products are included in the Key Group companies and are now chaired by the Daughter of Adi Godrej named Nisaba and on the other hand all the properties of the Godrej are now run by his son named Pirojsha. The one of the biggest asset proved for this family is his vast parcel of land within the suburban Mumbai. He also launches the first vegetable oil soap in the year 1918.

#7 Shiv Nadar
Shiv Nadar was born on 14 July and in the year 1945 which is known as the famous industrialists and Philanthropist. He is both the founder and the Chairman of the company HCL and also the Shiv Nadar Foundation. He firstly founded the HCL company in the mid of the year 1970s and then decided to transform this IT Hardware Company into an IT enterprise for over the next three decades by constantly reinventing the focus of the company. In the year 2008, he was also awarded by the highest award Padma Bhushan after viewing his efforts in the development in the IT industry. He was given the nickname by his friends as Magus and today he is a chairman of HCL technologies having its revenue as $ 7.5 billion. This company is India’s fourth largest provider if the Software services. He is also one of the leading Philanthropists of India ad has also donated an amount of $662 million to his foundation named Shiv Nadar Foundation, which usually helps and backs causes related to Education.

#8 Kumar Birla
Kumar Mangalam Birla was born on 14 June 1967 is a famous Indian Industrialists and also a chairman of the Aditya Birla Group, which is one of the largest conglomerate Indian Corporation. He is also the chancellor of the Birla Institute of technology and Science. The king of the Commodity named as Kumar Birla is the fourth generation story head having the revenue of about $41 billion when we talk about Aditya Birla Group. This groups deals in span cement and aluminium to all the financial and telecom services. The Birla firstly inherited the family empire at the age of 28 when he lost his father named Aditya Birla in the year 1995.In the year 2017, March the Birla has maintained the merger between the telecom firms like Idea and Vodafone to take on Reliance Jio. His daughter named Ananya has then founded the Micro Finance Firm and also an online venture cell to sell the various handmade products.

#9 Dilip Shanghvi
Dilip Shanghvi was born on 1 October 1955 which is one of the famous businessman and also one of the county’s richest people. He also founded the Sun Pharmaceuticals with his partner whose name is Pradeep Ghosh. The Indian Government also awarded him the honour of civilian Padma Shri in the year 2016. The magazine named India Today has ranked him number 9 within the India’s most powerful people of the 2017. He is the founder of Sun Pharmaceutical industry and also serves there as managing director. He firstly borrowed $200 from his father to start this industry in the year 1983 in order to make psychiatric drugs. This company is now become the world’s fifth largest maker of generics and also known as the India’s most valuable pharma outfit with having revenue of about $4.1 billion.

#10 Gautam Adani
Gautam Adani was born on 24 June 1962 and now known as the Indian Billionaire Businessman and who are also the founder and chairman of Adani Group. This group usually deals in business spanning coal trading, exploration of oil and gas, coal mining, power generation, transmission and gas distribution etc. According to Forbes report, his total wealth is now estimated as $8.81 billion in the year 2017 September. His is also the ports tycoon which also controls the Mundra Port which is India’s largest in the Gujarat which I also his home state. The son of the Adani whose names is Karan now runs a listed firm named Adani Ports and SEZ, which is now become the biggest asset of this family. This group has now done a partnership Swedish Defence Firm Saab in order to make Gripen Fighter Jets within India. He also survived from the Terrorist attack take place in the Mumbai’s Hotel Taj in the year 2008.

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