India's rising fortunes are underscored by the increasing prosperity of its
wealthiest citizens. Members of our third annual ranking of India's 40
richest businesspeople are worth a collective $170 billion, up from $106
billion last year. India's top 10, worth $112 billion, account for
two-thirds of that wealth. The rankings include 36 billionaires, 9 more than
last year. India's hot stock market, up 39% this year, and its robust real
estate market helped swell most fortunes. The minimum net worth needed to
make the cut rose to $790 million, up from $590 million
# 1 Lakshmi Mittal
$25 billion
Age 56
Marital Status Married, 2 children
Industry Steel
Steel titan finally won battle for rival Arcelor in June. $34 billion merger
created industry behemoth that now accounts for more than 10% of world's
production, dwarfs rivals. Mittal owns 44.7% of combined Arcelor Mittal;
recently named its chief executive.
#2 Mukesh Ambani
$18.5 billion
Age 49
Marital Status Married, 3 children
Industry Diversified
Wrested title of India's richest resident from Azim Premji. Since splitting
with brother Anil in June of last year and taking control of $20 billion
(revenues) Reliance Industries, fortune has soared by $11.5 billion.
Oil-refining subsidiary Reliance Petroleum, in which Chevron has 5% stake,
listed in May. Betting $5.5 billion on retail ventures including Reliance
Fresh, chain of food stores. Megaplans include $10 billion investment to
develop special economic zones
#3 Anil Ambani
$14.8 billion
Age 47
Marital Status Married, 2 children
Industry Diversified
Younger Ambani brother's net worth surged, thanks in part to March listing
of telecom operator Reliance Communications, of which he holds 65%. Spat
with brother continues: dispute with Mukesh over gas supply agreement for
his new power plant now in court.
#4 Azim Premji
$14 billion
Age 61
Marital Status Married, 2 children
Industry Software
Runs technology services giant Wipro, which has been on buying spree,
picking up such firms as Finnish telecom software outfit Saraware and
Portuguese retail software group Enabler. Bangalore Tiger, a book on Wipro's
rise, recently published.
#5 Kushal Pal Singh
$10 billion
Age 75
Marital Status Married, 3 children
Industry Real estate
Inherited father-in-law' s Delhi Land & Finance; turned it into India's
leading property developer. Plan to list DLF Universal fell apart over
complaint by minority investors. Building Mall of India, country's biggest.
New hotel joint venture with Hilton. Son Rajiv, daughter Pia run operations.
#6 Sunil Mittal
$6.9 billion
Age 49
Marital Status Married, 3 children
Industry Telecom
Cofounded and runs, with two brothers, the Bharti group. Its Bharti Airtel,
in which SingTel and Vodafone hold stakes, nation's biggest mobile phone
operator. Plans to partner with foreign retailer, likely Tesco or Wal-Mart.
#7 Kumar Birla
$6.8 billion
Age 39
Marital Status Married, 3 children
Industry Commodities
Became chairman of commodities conglomerate at age 28 after father's death.
$8.3 billion (sales) Aditya Birla Group India's largest aluminum, copper
producer. After spat with Tata Group, paid nearly $1 billion to buy former
partner's stake in mobile phone venture Idea. Also moving into retail.
#8 Tulsi Tanti
$5.9 billion
Marital Status Married, 2 children
Industry Wind energy
With three siblings founded Suzlon Energy 1995; took it public a decade
later. Group's $8 billion market cap makes it world's most valuable wind
company. In March acquired Hansen Transmissions, Belgian maker of wind
turbine gearboxes. Order backlog now $1.5 billion, mainly from customers in
U.S., Europe and China.
#9 Ramesh Chandra
$5.3 billion
Age 67
Marital Status Married, 2 children
Industry Real estate
Banker's son studied structural engineering in U.K., then returned home to
start consulting firm. Moved into residential real estate, building
middle-class housing in Gurgaon and later in southern and eastern India. The
market cap of his Unitech has soared to $6.7 billion, from $302 million in
January.
#10 Pallonji Mistry
$4.9 billion
Age 77
Marital Status Married, 4 children
Industry Construction
Low-profile construction magnate is single largest shareholder in Tata Sons,
holding company of $22 billion (sales) Tata Group. Its Tata Consultancy
Services is India's largest software exporter; its Tata Steel recently bid
$8 billion to acquire Corus group, Europe's second-largest steel producer.
Stepped down from Tata Sons board last year; younger son Cyrus took spot.
#11 Anil Agarwal
$4.5 billion
Age 53
Marital Status Married, 2 children
Industry Mining
Chairs $3.7 billion (sales) London-listed metals and mining giant Vedanta
Resources; brother Navin is number two. Main assets in India, Australia and
Zambia. Plans to build Vedanta University, India's answer to Stanford, in
eastern India; has pledged $1 billion.
#12 Shashi & Ravi
Ruia
$4.1 billion
Age 63/57
Marital Status Married, 2 children/Married, 2 children
Industry Diversified
Consolidating steel, shipping, oil and gas, construction, telecom into $2.8
billion (sales) Essar Global. Feisty Ruias are reportedly fighting partner
Li Ka-shing over their biggest asset, 33% stake in Hutchison Essar, India's
third-largest mobile phone operator in which Li's Hutchison Whampoa owns
67%. Differences have delayed its IPO.
#13 Adi Godrej
$4 billion
Age 64
Marital Status Married, 3 children
Industry Diversified
Chairs 109-year Godrej empire, best known for consumer products; also stakes
in agro-foods, engineering, pesticides, software, chemicals. Extensive land
holdings in Mumbai soaring in value lately.
14 Shiv Nadar
$3.7 billion
Age 61
Marital Status Married, 1 child
Industry Technology
Heads $3.5 billion (sales) HCL Group, which makes PCs and provides software
and outsourcing to such customers as Boeing, IBM. HCL, which celebrated 30th
anniversary in August, has 41,000 employees in 17 countries. An engineer,
funds private engineering school that runs courses in association with
Carnegie Mellon.
#15 Indu Jain
$3 billion
Age NA
Marital Status Widowed, 2 children
Industry Media
Chairs India's largest media group, Bennett, Coleman & Co. Now run by sons
Samir and Vineet. Businesses include newspapers (The Times of India), FM
radio stations, music stores (Planet M). In surprising move, partnering with
age-old rival Hindustan Times to launch New Delhi newspaper.
#16 Dilip Shanghvi
$2.7 billion
Age 51
Marital Status Married, 2 children
Industry Pharma
Founded and runs Sun Pharmaceuticals, maker of branded generics with
factories in India, Europe and U.S. Investing in drug discovery. Its
anti-allergy molecule undergoing U.S. clinical trials.
#17 Rahul Bajaj
$2.3 billion
Age 68
Marital Status Married, 3 children
Industry Manufacturing
Outspoken head of 80-year-old Bajaj Group. Its Bajaj Auto, India's
second-largest motorcycle maker, run by sons Rajiv and Sanjiv, is closing
gap with rival Hero Honda. Elected to parliament in June. Sits on New York
Stock Exchange's international advisory board.
#18 Grandhi Rao
$2.2 billion
Age 57
Marital Status Married, 3 children
Industry Infrastructure
Former jute trader, split from brothers and moved into banking, later
infrastructure. Shot into limelight this year after winning bid to modernize
New Delhi airport.
#19 Baba Kalyani
$2.1 billion
Age 57
Marital Status Married, 1 child
Industry Manufacturing
Runs family's Kalyani group, world's second-largest forgings manufacturer.
His Bharat Forge has joint venture with Faw, China's largest forging
company. Along with state government setting up special economic zone in
western India expected to attract investments of over $5 billion.
# 20 Kalanithi Maran
$1.9 billion
Age 41
Marital Status Married, 1 child
Industry Media
Politician's son dabbled in family's modest publishing business before
launching Sun TV when India's satellite television market opened up in the
1990s. Sun now owns 14 channels, 4 radio stations, newspapers and magazines.
Group's April listing made Maran, who owns 90%, a billionaire. Brother
Dayanidhi ex-minister for communications and IT.
#21 Savitri Jindal
$1.87 billion
Age 56
Marital Status Widow, 9 children
Industry Steel
Husband, steel baron Om Prakash Jindal, died last year in helicopter crash.
Her four sons each run parts of the family's $4 billion (sales) Jindal
group, which also has interests in power, industrial gases and ports. She
remains chairperson of several group companies.
#22 Yusuf Hamied
$1.85 billion
Age 70
Marital Status Married
Industry Pharma
With brother, runs Cipla, India's most valuable drugmaker. Products, which
include AIDS drugs and a medicine to treat bird flu, are sold in 140
countries. Wife Farida gave him a Lexus with RC1PLAS on the license plate
for his 70th birthday.
#23 Subhash Chandra
$1.84 billion
Age 56
Marital Status Married, 3 children
Industry Media
Founded and runs Essel group, with interests in media, packaging, amusement
parks, online lottery and cable networks. Restructuring flagship Zee
Television into three companies, to be separately listed.J Launched DishTV,
a direct-to-home service, which competes with Tata Sky, Tata Group's joint
venture with Star TV.
#24 Malvinder &
Shivinder Singh
$1.8 billion
Age 34/31
Marital Status Married, 2 children/Married, 4 children
Industry Pharma
Brothers are largest shareholders in Ranbaxy Laboratories, India's largest
pharmaceutical firm in terms of sales. With Malvinder now chief executive,
company on acquisition binge. Paid $324 million in March for Terapia, a
Romanian generics outfit. Shivinder heads Fortis Healthcare, a chain of
hospitals, which he is readying to take public.
#25 Vivek Burman
$1.76 billion
Age 69
Marital Status Married, 2 children
Industry Consumer goods
Fourth-generation head of Dabur, maker of herbal products. Family also has
stakes in Punjab Tractors, Centurion Bank of Punjab; life insurance joint
venture with Aviva, U.K.; another with Fidelity to sell mutual funds in
India.
#26 Venugopal Dhoot
$1.75 billion
Age 54
Marital Status Married, 2 children
Industry Electronics
With two brothers controls $3 billion (sales) Videocon group, consumer
electronics and home appliances manufacturer with factories in India,
Poland, Italy, Mexico and China. Is world's third-largest maker of color
picture tubes. In October announced $700 million deal for South Korea's
Daewoo Electronics. Also has oil interests.
#27 Uday Kotak
$1.59 billion
Age 47
Marital Status Married, 2 children
Industry Banking
Runs Kotak Mahindra Bank, which he cofounded as finance firm in 1985. In
March bank ended 14-year partnership with Goldman Sachs when it acquired the
American firm's 25% stake in two subsidiaries for $72 million.
#28 N.R. Narayana
Murthy
$1.58 billion
Age 60
Marital Status Married, 2 children
Industry Software
Much-venerated cofounder of $2 billion (revenue) software services firm
Infosys Technologies, which celebrated silver jubilee this year. Stepped
down as executive chairman in August upon turning 60 but is still chief
mentor and nonexecutive chairman.
#29 Anurag Dikshit
$1.5 billion
Age 33
Marital Status Married, 2 children
Industry Online gaming
Internet gambling mogul feeling pain: shares of PartyGaming, which he ran
until recently, tanked after U.S. Congress passed law forbidding companies
from facilitating payments to gambling sites. Sold $275 million worth of
shares before crackdown.
#30 Jaiprakash Gaur
$1.4 billion
Age 76
Marital Status Married, 5 children
Industry Construction
Sits at helm of the Jaypee group, which he founded in 1972. Believes water
is liquid gold: group leading hydropower producer, constructed 13 projects
in India; one in Bhutan. Other interests in engineering, cement, hotels.
#31 Vijay Mallya
$1.3 billion
Age 50
Marital Status Married, 3 children
Industry Liquor
Flamboyant liquor tycoon, who sports diamond ear studs even to business
meetings, took over the United Breweries group from late father in 1983.
Built it into world's third-largest spirits company. Best known for such
brands as Kingfisher, also the name of his lossmaking 18-month-old domestic
airline.
#32 Rajan Raheja
$1.2 billion
Age 53
Marital Status Married
Industry Diversified
Moving beyond family's real estate business, low-profile Raheja now has
interests in car batteries, cement, ceramic tiles, publishing, cable,
petrochemicals, retail and software. Holds stake in some hotels and a mutual
fund.
#33 Nandan Nilekani
$1.15 billion
Age 51
Marital Status Married, 2 children
Industry Software
Cofounded Infosys, which he runs as chief executive and managing director.
In bid to diversify company's 66,000-plus workforce is hiring graduates from
U.S. universities. Awarded the Padma Bhushan, one of nation's highest
civilian honors. Recently appointed to Reuters' board.
#34 Senapathy
Gopalakrishnan
$1.1 billion
Age 52
Marital Status Married, 1 child
Industry Software
Infosys cofounder also its president, chief operating officer.
#35 Brijmohan Lall
Munjal
$1.08 billion
Age 84
Marital Status Married, 4 children
Industry Manufacturing
Patriarch of Hero Group. Its Hero Honda, a 23-year joint venture with
Japan's Honda, is nation's top motorcycle maker. Rising costs, intense
competition from Bajaj Auto dented net margin, stock price.
#36 Naresh ( The
Crook ) Goyal
$1 billion
Age 57
Marital Status Married, 2 children
Industry Airlines
Founder of Jet Airways, India's biggest domestic airline. In bid to fight
off emerging rivals like Mallya's Kingfisher Airlines, inked $500 million
deal to acquire ailing rival Air Sahara in January then backed out. Unhappy
investors drove stock down 46%. Wildly Rumoured ( But not proved ) to be
connected to the Islamic terrorist Dawood Ibrahim - operating from Pakistan
#37 Keshub Mahindra
$930 million
Age 83
Marital Status Married, 3 children
Industry Manufacturing
Chairs $3 billion (revenues) Mahindra & Mahindra, country's leading
tractormaker, now in its 60th year. Has joint venture with France's Renault
to make cars (will launch next year) and one with British communications
group BT, which listed this year. Nephew Anand runs show as vice chairman
and managing director.
#38 Jignesh Shah
$840 million
Age 39
Marital Status Married, 1 child
Industry Finance
Cofounded and runs Financial Technologies, firm that specializes in trading
and financial software for stock markets. Set up India's largest commodities
exchange.
#39 Habil Khorakiwala
$825 million
Age 64
Marital Status Married, 3 children
Industry Pharma
Has 74% stake in $313 million (sales) pharmaceutical firm Wockhardt, which
bought Irish maker of generics, Pinewood Laboratories, for $150 million.
#40 K. Dinesh
$790 million
Age 52
Marital Status Married 2 children
Industry Software
wealthiest citizens. Members of our third annual ranking of India's 40
richest businesspeople are worth a collective $170 billion, up from $106
billion last year. India's top 10, worth $112 billion, account for
two-thirds of that wealth. The rankings include 36 billionaires, 9 more than
last year. India's hot stock market, up 39% this year, and its robust real
estate market helped swell most fortunes. The minimum net worth needed to
make the cut rose to $790 million, up from $590 million
# 1 Lakshmi Mittal $25 billion
Age 56
Marital Status Married, 2 children
Industry Steel
Steel titan finally won battle for rival Arcelor in June. $34 billion merger
created industry behemoth that now accounts for more than 10% of world's
production, dwarfs rivals. Mittal owns 44.7% of combined Arcelor Mittal;
recently named its chief executive.
#2 Mukesh Ambani $18.5 billion
Age 49
Marital Status Married, 3 children
Industry Diversified
Wrested title of India's richest resident from Azim Premji. Since splitting
with brother Anil in June of last year and taking control of $20 billion
(revenues) Reliance Industries, fortune has soared by $11.5 billion.
Oil-refining subsidiary Reliance Petroleum, in which Chevron has 5% stake,
listed in May. Betting $5.5 billion on retail ventures including Reliance
Fresh, chain of food stores. Megaplans include $10 billion investment to
develop special economic zones
#3 Anil Ambani $14.8 billion
Age 47
Marital Status Married, 2 children
Industry Diversified
Younger Ambani brother's net worth surged, thanks in part to March listing
of telecom operator Reliance Communications, of which he holds 65%. Spat
with brother continues: dispute with Mukesh over gas supply agreement for
his new power plant now in court.
#4 Azim Premji $14 billion
Age 61
Marital Status Married, 2 children
Industry Software
Runs technology services giant Wipro, which has been on buying spree,
picking up such firms as Finnish telecom software outfit Saraware and
Portuguese retail software group Enabler. Bangalore Tiger, a book on Wipro's
rise, recently published.
#5 Kushal Pal Singh $10 billion
Age 75
Marital Status Married, 3 children
Industry Real estate
Inherited father-in-law' s Delhi Land & Finance; turned it into India's
leading property developer. Plan to list DLF Universal fell apart over
complaint by minority investors. Building Mall of India, country's biggest.
New hotel joint venture with Hilton. Son Rajiv, daughter Pia run operations.
#6 Sunil Mittal $6.9 billion
Age 49
Marital Status Married, 3 children
Industry Telecom
Cofounded and runs, with two brothers, the Bharti group. Its Bharti Airtel,
in which SingTel and Vodafone hold stakes, nation's biggest mobile phone
operator. Plans to partner with foreign retailer, likely Tesco or Wal-Mart.
#7 Kumar Birla $6.8 billion
Age 39
Marital Status Married, 3 children
Industry Commodities
Became chairman of commodities conglomerate at age 28 after father's death.
$8.3 billion (sales) Aditya Birla Group India's largest aluminum, copper
producer. After spat with Tata Group, paid nearly $1 billion to buy former
partner's stake in mobile phone venture Idea. Also moving into retail.
#8 Tulsi Tanti $5.9 billion
Marital Status Married, 2 children
Industry Wind energy
With three siblings founded Suzlon Energy 1995; took it public a decade
later. Group's $8 billion market cap makes it world's most valuable wind
company. In March acquired Hansen Transmissions, Belgian maker of wind
turbine gearboxes. Order backlog now $1.5 billion, mainly from customers in
U.S., Europe and China.
#9 Ramesh Chandra
$5.3 billion
Age 67
Marital Status Married, 2 children
Industry Real estate
Banker's son studied structural engineering in U.K., then returned home to
start consulting firm. Moved into residential real estate, building
middle-class housing in Gurgaon and later in southern and eastern India. The
market cap of his Unitech has soared to $6.7 billion, from $302 million in
January.
#10 Pallonji Mistry $4.9 billion
Age 77
Marital Status Married, 4 children
Industry Construction
Low-profile construction magnate is single largest shareholder in Tata Sons,
holding company of $22 billion (sales) Tata Group. Its Tata Consultancy
Services is India's largest software exporter; its Tata Steel recently bid
$8 billion to acquire Corus group, Europe's second-largest steel producer.
Stepped down from Tata Sons board last year; younger son Cyrus took spot.
#11 Anil Agarwal $4.5 billion
Age 53
Marital Status Married, 2 children
Industry Mining
Chairs $3.7 billion (sales) London-listed metals and mining giant Vedanta
Resources; brother Navin is number two. Main assets in India, Australia and
Zambia. Plans to build Vedanta University, India's answer to Stanford, in
eastern India; has pledged $1 billion.
#12 Shashi & Ravi Ruia
$4.1 billion
Age 63/57
Marital Status Married, 2 children/Married, 2 children
Industry Diversified
Consolidating steel, shipping, oil and gas, construction, telecom into $2.8
billion (sales) Essar Global. Feisty Ruias are reportedly fighting partner
Li Ka-shing over their biggest asset, 33% stake in Hutchison Essar, India's
third-largest mobile phone operator in which Li's Hutchison Whampoa owns
67%. Differences have delayed its IPO.
#13 Adi Godrej $4 billion
Age 64
Marital Status Married, 3 children
Industry Diversified
Chairs 109-year Godrej empire, best known for consumer products; also stakes
in agro-foods, engineering, pesticides, software, chemicals. Extensive land
holdings in Mumbai soaring in value lately.
14 Shiv Nadar $3.7 billion
Age 61
Marital Status Married, 1 child
Industry Technology
Heads $3.5 billion (sales) HCL Group, which makes PCs and provides software
and outsourcing to such customers as Boeing, IBM. HCL, which celebrated 30th
anniversary in August, has 41,000 employees in 17 countries. An engineer,
funds private engineering school that runs courses in association with
Carnegie Mellon.
#15 Indu Jain $3 billion
Age NA
Marital Status Widowed, 2 children
Industry Media
Chairs India's largest media group, Bennett, Coleman & Co. Now run by sons
Samir and Vineet. Businesses include newspapers (The Times of India), FM
radio stations, music stores (Planet M). In surprising move, partnering with
age-old rival Hindustan Times to launch New Delhi newspaper.
#16 Dilip Shanghvi $2.7 billion
Age 51
Marital Status Married, 2 children
Industry Pharma
Founded and runs Sun Pharmaceuticals, maker of branded generics with
factories in India, Europe and U.S. Investing in drug discovery. Its
anti-allergy molecule undergoing U.S. clinical trials.
#17 Rahul Bajaj $2.3 billion
Age 68
Marital Status Married, 3 children
Industry Manufacturing
Outspoken head of 80-year-old Bajaj Group. Its Bajaj Auto, India's
second-largest motorcycle maker, run by sons Rajiv and Sanjiv, is closing
gap with rival Hero Honda. Elected to parliament in June. Sits on New York
Stock Exchange's international advisory board.
#18 Grandhi Rao $2.2 billion
Age 57
Marital Status Married, 3 children
Industry Infrastructure
Former jute trader, split from brothers and moved into banking, later
infrastructure. Shot into limelight this year after winning bid to modernize
New Delhi airport.
#19 Baba Kalyani $2.1 billion
Age 57
Marital Status Married, 1 child
Industry Manufacturing
Runs family's Kalyani group, world's second-largest forgings manufacturer.
His Bharat Forge has joint venture with Faw, China's largest forging
company. Along with state government setting up special economic zone in
western India expected to attract investments of over $5 billion.
# 20 Kalanithi Maran $1.9 billion
Age 41
Marital Status Married, 1 child
Industry Media
Politician's son dabbled in family's modest publishing business before
launching Sun TV when India's satellite television market opened up in the
1990s. Sun now owns 14 channels, 4 radio stations, newspapers and magazines.
Group's April listing made Maran, who owns 90%, a billionaire. Brother
Dayanidhi ex-minister for communications and IT.
#21 Savitri Jindal $1.87 billion
Age 56
Marital Status Widow, 9 children
Industry Steel
Husband, steel baron Om Prakash Jindal, died last year in helicopter crash.
Her four sons each run parts of the family's $4 billion (sales) Jindal
group, which also has interests in power, industrial gases and ports. She
remains chairperson of several group companies.
#22 Yusuf Hamied $1.85 billion
Age 70
Marital Status Married
Industry Pharma
With brother, runs Cipla, India's most valuable drugmaker. Products, which
include AIDS drugs and a medicine to treat bird flu, are sold in 140
countries. Wife Farida gave him a Lexus with RC1PLAS on the license plate
for his 70th birthday.
#23 Subhash Chandra $1.84 billion
Age 56
Marital Status Married, 3 children
Industry Media
Founded and runs Essel group, with interests in media, packaging, amusement
parks, online lottery and cable networks. Restructuring flagship Zee
Television into three companies, to be separately listed.J Launched DishTV,
a direct-to-home service, which competes with Tata Sky, Tata Group's joint
venture with Star TV.
#24 Malvinder & Shivinder Singh
$1.8 billion
Age 34/31
Marital Status Married, 2 children/Married, 4 children
Industry Pharma
Brothers are largest shareholders in Ranbaxy Laboratories, India's largest
pharmaceutical firm in terms of sales. With Malvinder now chief executive,
company on acquisition binge. Paid $324 million in March for Terapia, a
Romanian generics outfit. Shivinder heads Fortis Healthcare, a chain of
hospitals, which he is readying to take public.
#25 Vivek Burman $1.76 billion
Age 69
Marital Status Married, 2 children
Industry Consumer goods
Fourth-generation head of Dabur, maker of herbal products. Family also has
stakes in Punjab Tractors, Centurion Bank of Punjab; life insurance joint
venture with Aviva, U.K.; another with Fidelity to sell mutual funds in
India.
#26 Venugopal Dhoot $1.75 billion
Age 54
Marital Status Married, 2 children
Industry Electronics
With two brothers controls $3 billion (sales) Videocon group, consumer
electronics and home appliances manufacturer with factories in India,
Poland, Italy, Mexico and China. Is world's third-largest maker of color
picture tubes. In October announced $700 million deal for South Korea's
Daewoo Electronics. Also has oil interests.
#27 Uday Kotak $1.59 billion
Age 47
Marital Status Married, 2 children
Industry Banking
Runs Kotak Mahindra Bank, which he cofounded as finance firm in 1985. In
March bank ended 14-year partnership with Goldman Sachs when it acquired the
American firm's 25% stake in two subsidiaries for $72 million.
#28 N.R. Narayana Murthy
$1.58 billion
Age 60
Marital Status Married, 2 children
Industry Software
Much-venerated cofounder of $2 billion (revenue) software services firm
Infosys Technologies, which celebrated silver jubilee this year. Stepped
down as executive chairman in August upon turning 60 but is still chief
mentor and nonexecutive chairman.
#29 Anurag Dikshit $1.5 billion
Age 33
Marital Status Married, 2 children
Industry Online gaming
Internet gambling mogul feeling pain: shares of PartyGaming, which he ran
until recently, tanked after U.S. Congress passed law forbidding companies
from facilitating payments to gambling sites. Sold $275 million worth of
shares before crackdown.
#30 Jaiprakash Gaur $1.4 billion
Age 76
Marital Status Married, 5 children
Industry Construction
Sits at helm of the Jaypee group, which he founded in 1972. Believes water
is liquid gold: group leading hydropower producer, constructed 13 projects
in India; one in Bhutan. Other interests in engineering, cement, hotels.
#31 Vijay Mallya $1.3 billion
Age 50
Marital Status Married, 3 children
Industry Liquor
Flamboyant liquor tycoon, who sports diamond ear studs even to business
meetings, took over the United Breweries group from late father in 1983.
Built it into world's third-largest spirits company. Best known for such
brands as Kingfisher, also the name of his lossmaking 18-month-old domestic
airline.
#32 Rajan Raheja
$1.2 billion
Age 53
Marital Status Married
Industry Diversified
Moving beyond family's real estate business, low-profile Raheja now has
interests in car batteries, cement, ceramic tiles, publishing, cable,
petrochemicals, retail and software. Holds stake in some hotels and a mutual
fund.
#33 Nandan Nilekani $1.15 billion
Age 51
Marital Status Married, 2 children
Industry Software
Cofounded Infosys, which he runs as chief executive and managing director.
In bid to diversify company's 66,000-plus workforce is hiring graduates from
U.S. universities. Awarded the Padma Bhushan, one of nation's highest
civilian honors. Recently appointed to Reuters' board.
#34 Senapathy Gopalakrishnan
$1.1 billion
Age 52
Marital Status Married, 1 child
Industry Software
Infosys cofounder also its president, chief operating officer.
#35 Brijmohan Lall Munjal
$1.08 billion
Age 84
Marital Status Married, 4 children
Industry Manufacturing
Patriarch of Hero Group. Its Hero Honda, a 23-year joint venture with
Japan's Honda, is nation's top motorcycle maker. Rising costs, intense
competition from Bajaj Auto dented net margin, stock price.
#36 Naresh ( The Crook ) Goyal
$1 billion
Age 57
Marital Status Married, 2 children
Industry Airlines
Founder of Jet Airways, India's biggest domestic airline. In bid to fight
off emerging rivals like Mallya's Kingfisher Airlines, inked $500 million
deal to acquire ailing rival Air Sahara in January then backed out. Unhappy
investors drove stock down 46%. Wildly Rumoured ( But not proved ) to be
connected to the Islamic terrorist Dawood Ibrahim - operating from Pakistan
#37 Keshub Mahindra $930 million
Age 83
Marital Status Married, 3 children
Industry Manufacturing
Chairs $3 billion (revenues) Mahindra & Mahindra, country's leading
tractormaker, now in its 60th year. Has joint venture with France's Renault
to make cars (will launch next year) and one with British communications
group BT, which listed this year. Nephew Anand runs show as vice chairman
and managing director.
#38 Jignesh Shah $840 million
Age 39
Marital Status Married, 1 child
Industry Finance
Cofounded and runs Financial Technologies, firm that specializes in trading
and financial software for stock markets. Set up India's largest commodities
exchange.
#39 Habil Khorakiwala $825 million
Age 64
Marital Status Married, 3 children
Industry Pharma
Has 74% stake in $313 million (sales) pharmaceutical firm Wockhardt, which
bought Irish maker of generics, Pinewood Laboratories, for $150 million.
#40 K. Dinesh $790 million
Age 52
Marital Status Married 2 children
Industry Software
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