Top 10 Richest People in India 2018

Top 10 Richest People in India 2018

Forbes recently listed the Top 100 Richest people list in India. And we are listed here Top 10 Richest People in India 2018. Mukesh Ambani maintains his position of no.1. Pallonji Mistry, Lakshmi Mittal, and Azim Premji are changed there position of previous year top 10 Richest people list. So Here is the list of Top 10 Richest People in India 2018.

Top 10 Richest People in India 2018.

10. Dilip Shanghvi & family: Net Worth  $12.1B

Dilip Shanghvi

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Son of a pharma distributor, Dilip Shanghvi borrowed $200 from his father to start Sun Pharmaceutical Industries in 1983 to make psychiatric drugs. The company is the world’s fourth-largest specialty generics maker and India’s most valuable pharma outfit with March 2017 revenues of $5 billion. Shanghvi grew Sun through a series of shrewd acquisitions, the biggest of which was the purchase of rival Ranbaxy Laboratories for $4 billion in 2014.

9. Uday Kotak: Net Worth $12.4B

Uday Kotak

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Uday Kotak born 15 March 1959 is an Indian billionaire banker, and the executive vice chairman and managing director of Kotak Mahindra Bank. His Kotak Mahindra Bank is now among India’s top four banks in the private sector, boosted by its 2014 acquisition of ING Bank’s Indian operations. Forbes estimated his wealth to be $10.6 billion in 2018. In 2006 he ended a 14-year partnership with Goldman Sachs by acquiring its 25% stake in two subsidiaries for $72 million.

8. Radhakishan Damani & family: Net Worth $13B

Radhakishan Damani

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Veteran Mumbai investor Radhakishan Damani is India’s new retail king after the March 2017 IPO of his supermarket chain D-Mart. Damani got into retailing in 2002 with one store in suburban Mumbai and has been unstoppable since. Damani also holds stakes in a range of companies, from tobacco firm VST industries to cement maker India Cements. His property portfolio includes the 156-room Radisson Blu Resort in Alibag, a popular beach-front getaway close to Mumbai.

7 Shiv Nadar: Net Worth $13.8B

Shiv Nadar 

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Shiv Nadar born 14 July 1945 is an Indian billionaire industrialist and philanthropist. He is the founder and chairman of HCL and the Shiv Nadar Foundation. Nadar founded HCL in the mid-1970s and transformed the IT hardware company into an IT enterprise over the next three decades by constantly reinventing his company’s focus. In 2008, Nadar was awarded Padma Bhushan for his efforts in the IT industry.

Today, he chairs HCL Technologies, a $7.5 billion (revenue) company that is India’s fourth-largest software services provider. To offset a slowdown in its traditional IT services business, HCL has invested $780 million in an intellectual property partnership with IBM.

6. Godrej family: Net Worth $14.2B

Godrej family

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The Godrej family is an Indian Gujarati-speaking Zoroastrian Parsi family that manages and largely owns the Godrej Group, a conglomerate founded by Ardeshir Godrej and his brother Pirojsha Burjorji Godrej in 1897, spanning sectors as diverse as real estate, consumer products, industrial engineering, appliances, furniture, security and agricultural products. Headed by Adi Godrej alongside his brother, Nadir Godrej, and cousin, Jamshyd Godrej, the family is one of the richest in India; with an estimated net worth of $11.6bn as of 2014.

5. Azim Premji: Net Worth $17.5B

Azim Premji

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Azim Hashim Premji born 24 July 1945 is an Indian business tycoon, investor, and philanthropist, who is the chairman of Wipro Limited. He is informally known as the Czar of the Indian IT Industry. He was responsible for guiding Wipro through four decades of diversification and growth to finally emerge as one of the global leaders in the software industry. In 2010, he was voted among the 20 most powerful men in the world by Asiaweek. He has twice been listed among the 100 most influential people by TIME Magazine, once in 2004 and more recently in 2011. Premji owns 73% percent of Wipro and also owns a private equity fund, Premji Invest, which manages his $2 billion worth of personal portfolio.

4. Hinduja family: Net Worth $18B

Hinduja family

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Four close-knit siblings, Srichand, Gopichand, Prakash and Ashok, control multinational conglomerate the Hinduja Group. Their group’s businesses range from trucks and lubricants to banking and cable television. The brothers own valuable real estate in London, including their home Carlton House Terrace and the historic Old War Office building in Whitehall. Srichand and Gopichand live in London and Prakash resides in Geneva while the youngest sibling Ashok oversees their Indian interests from Mumbai.

3. Lakshmi Mittal: Net Worth $18.5B

Lakshmi Mittal

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Lakshmi Niwas Mittal born 15 June 1950 is an Indian steel magnate, based in the United Kingdom. Lakshmi Mittal serves as chairman and CEO of ArcelorMittal, the world’s biggest steelmaker. Hailing from a steel clan, he separated from his siblings to start Mittal Steel then went on to merge the company with France’s Arcelor in 2006. Benefiting from the steel recovery, the company reported a surge in net profit to $4.6 billion in 2017 on revenue of $68.7 billion. ArcelorMittal, along with Italian steel firm Marcegaglia, acquired Italy’s lossless-making eel group Ilva for $2.1 billion in June 2017. ArcelorMittal has partnered with Japan’s Nippon Steel to bid for billionaire siblings Shashi and Ravi Ruia’s debt-strapped Essar Steel.

2. Pallonji Mistry: Net Worth $19.9B

Pallonji Mistry

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Pallonji Shapoorji Mistry (born 1929) is an Indian-born Irish construction tycoon and chairman of Shapoorji Pallonji Group. According to Forbes, his wealth is estimated to be US$16.9 billion as of September 2016. Reclusive tycoon Pallonji Mistry controls Mumbai-headquartered engineering and construction giant, a 153-year-old Shapoorji Pallonji Group. The family’s biggest asset is an 18.4% stake in Tata Sons, holding outfit of the $100 billion (revenue) Tata Group, a conglomerate of 100 companies. The S.P. Group, run by Mistry’s older son Shapoor, also owns Eureka Forbes, the country’s leading brand of water purifiers. Mistry’s younger son Cyrus is embroiled in a legal battle with the Tata Group after he was suddenly ousted as chairman of Tata Sons in October 2016.

1. Mukesh Ambani: Net Worth $48.7B

Mukesh Ambani

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Mukesh Dhirubhai Ambani born 19 April 1957 is an Indian business magnate, the chairman, managing director, and the largest shareholder of Reliance Industries Limited (RIL), a Fortune Global 500 company and India’s most valuable company by its market value. Mukesh Ambani chairs and runs $51 billion (revenues) oil and gas giant Reliance Industries, among India’s most valuable companies. Reliance was founded by his late father Dhirubhai Ambani, a yarn trader, in 1966 as a small textile manufacturer. After his father’s death in 2002, Ambani and his younger sibling, Anil divvied up the family empire. In 2016, Reliance sparked a price war in India’s hyper-competitive telecom market with the launch of 4G phone service Jio. Jio has signed on 160 million customers by offering free domestic voice calls, dirt-cheap data services and virtually free smartphones.