Despite the Rupee dropping 14% against the US Dollar, it has been a good year for India’s richest.
Pharma King, Dilip Shanghvi breaks into top 3 for the first time
Leading Authority, Hurun Report, on Wealth launches the India Rich List for the second time.
· Hurun Report finds 141 individuals with US$300m or more, up 41 from last year.
· 101 individuals saw their wealth increase or retained while only 40 individuals saw their wealth decrease compared to last year.
· Despite a wealth decrease of 2% and 6%, Ambani and Mittal continue to hold onto the top two places with fortunes of US$18.9bn and US$15.9bn.
· Pharma King, Dilip Shanghvi (58) of Sun Pharmaceuticals breaks into Top 3 for the first time, with a 66% surge in his wealth to US$14.1bn - up from US$8.5bn last year predominantly due to 85% rise in stock price.
· Madhu Kapur (50),wife of late Ashok Kapur, co – founder Yes Bank is the only female millionaire who entered Hurun India Rich List 2013
· Dominance of Mumbai, Delhi and Bengaluru in Hurun India Rich List 2013 is diminishing whilst Dubai has shot up
· Manufacturing, Pharmaceuticals and Real Estate created most number of millionaires
· 64% of the Hurun India Rich List 2013 are self-made, a 200bps increase from the Hurun India Rich List 2012
· Bollywood superstar Shah Rukh Khan breaks into the list with US$400 million fortune
· The only self-made woman in the list is Kiran Mazumdar-Shaw, with a net worth of US$ 700 million.
· Youngest self-made individual is Sameer Gehlaut (39), with a net-worth of US$ 300m founded India Bulls in the year 1999. Indiabulls is currently the leading technology enabled investment brokerage firm in the country.
· Of the 46 new entrants, majority of the new entrants belong to the manufacturing sectors, followed by Pharma and Engineering.
· The millionaires in the Hurun India Rich list 2012, has a good year. Average net worth of millionaires in Hurun India Rich list 2012 increased by US$100m in 2013.
New Delhi, Oct 24: Despite the Rupee dropping 14% against the US Dollar, it has been a good year for India’s richest, with 101 individuals on the Hurun India Rich List seeing their wealth increase/ retained and only 40 seeing their wealth decrease.
Energy Tycoon Mukesh Ambani (56) of Reliance, topped the list of 141 individuals with more than US$300 million for the second year running, according to the second edition of Hurun India Rich List 2013 released today. During 2013, he invested INR 1.2 billion into infrastructure.
London-based L N Mittal (63), the steel tycoon who rose from humble beginnings as a scrap metal dealer in one of India’s poorest states to set up ArcelorMittal (the world's largest steel making company), retains his number two position with an asset of 15.9 billion dollars – a decline of 6 per cent as compared to last year.
Dilip Shanghvi (58), founder of Sun Pharmaceuticals, India’s second largest drug maker, broke into the Top 3 for the first time with a 66% surge in his wealth. This rise in stock price was supported by the expected sales of the cancer drug Doxil, following Janssen Pharma Inc’s admission of shortage of the drug supply.
Mukesh Ambani’s junior sibling Anil Ambani, of Anil Dhirubhai Ambani Group, occupies 11th position with a personal fortune of 7.1 billion dollars. His wealth has gone up by 34% percentage, resulting in promotion of his position by 2 ranks; thanks to superb performance of Reliance Communications (a 135% increase in market cap).
Feroz Alana is the richest new entrant with US$ 2.6bn, followed by MA Yusuf Ali of the EMKE group with a net worth of US$ 1.9bn. With 18 millionaires, GCC is the home to most of the new entrants in the Hurun India Rich List 2013. Mumbai has 11 new entrants followed by Chennai that which has 3 new entrants.
Bollywood superstar Shah Rukh Khan, who has set up Red Chillies Entertainment, is also a force to be reckoned with, having a ranking of 114 and a personal asset of 400 million dollars.
The minimum cut off mark for finding a place in this year’s coveted list was US$ 300m. Wealth calculations are a snapshot of 18 October 2013 when the rate of exchange to the US dollar was Rs 61.5.
The total wealth of India’s Top 100 increased to US$ 250bn from US$ 221bn compared to last year. 46 new millionaires found entry in the coveted list and 5 from the Rich List 2012 could not make 2013’s cut off mark of US$ 300m.
Manufacturing continued to be the main source of wealth in India with 17% of the rich list, followed by pharmaceuticals and real estate, which have both seen their percentages drop slightly to 11% and 9%, down from 12% and 10% respectively. Other industries that have had a good year include financial services and healthcare.
Men dominate this year’s Hurun India Rich List with just 4% of it occupied by women. Steel baroness Savitri Jindal (62), the non-executive chairperson of O P Jindal Group, is the richest Indian woman with a personal fortune pegged at 5.1 billion dollars. She is followed by Indu Jain (77), the only female billionaire who has gained position in rankings. She jumped 4 ranks -- up from a ranking of 33 in 2012 to 29 this year.
Anu Aga (energy), Kiran Mazumdar-Shaw (pharmaceuticals) and Shobhana Bhartia (media and entertainment) are the third, fourth and fifth richest Indian women, respectively. A new addition to the list is Mumbai-based Madhu Kapur (financial services), who occupies the sixth position. Interestingly, all the women in the list (except Savitri Jindal) increased their wealth during 2013.
Whilst Mumbai continues to be the capital for India’s superrich, its dominance has dwindled slightly to 33%, down from 36% last year. Ditto with Delhi and Bangalore, whose percentage of the richest individuals reduced to 16% and 11%, down from 22% and 15% respectively. The big story has been the surge in India’s superrich residing in Dubai, now making up 9% of the list, up from just one person last year. Nine regions saw a new richest individual, led by Shiv Nadar, who took over from Kushal Pal Singh as the richest individual in Delhi.
Azim Hashim Premji (68), who owns 57% of Wipro, is not only the richest South Indian, but also the fourth richest Indian with an asset of 12 billion dollars. This is despite a whopping US$ 1bn contribution to charity; thanks to a 38% gain in Wipro’s share price.
A total of 23 High Net Individuals (HNI) featuring in this year’s list are based outside of India. They include leader of the pack L N Mittal (London), Micky Jagtiani (Landmark Group, Dubai), Anil Agarwal (Vedanta Resources, London), Feroz Allana (IFFCO, Sharjah), Ravi Pillai (Ravi Pillai Group, Dubai), Chhabria Family (Jumbo Group, Dubai), and B K Modi (Spice Group, Singapore).
“The India Rich List is the most serious attempt to identify the country’s top entrepreneurs and measure their holdings. It is an account of several exciting insights and trends of wealth patterns and demographic and geographic spread of wealth in India. These factors give it a stamp of uniqueness,” said Rupert Hoogewerf, Hurun Report Chairman and Chief Researcher.
Kumar Mangalam Birla (46), chairman of Aditya Birla, is the sixth richest man. His net worth stands at US$ 8.4bn, which is a 45% increase from the year 2012. He has moved up the ladder from 10 to 6, the main reason being the stock prices of Aditya Birla Nuvo and Ultra Tech cements registering a robust growth of 60 % and 66% respectively.
Adi Godrej (71), the head of Godrej group of companies, comes next with 8.1 billion dollars. Godrej’s fortune is up with the rising value of the 3,500-acre estate in suburban Mumbai, which is considered the family’s biggest asset. He overtook Pallonji Mistry to be the richest Parsi.
Pallonji Mistry (84), with an asset of 8 billion dollars, is the 8th richest Indian and also the second richest person in the world of the Parsi descent next to Adi Godrej. He controls a construction empire that operates across India, West Asia and Africa. He, along with his sons, also controls a stake in Tata Sons, making the Mistrys the largest individual shareholders in India's most diversified business conglomerate.
Fifty-six year-old telecom mogul Sunil Mittal is the 10th richest in the list with an estimated net worth of US$ 7.3bn. Bharti Enterprises, the largest GSM-based mobile phone service provider in India, has showed an upward movement in the stock prices by 42%, which has pulled Sunil Mittal in the top 10 as compared to the 11th position a year earlier.
This year’s Hurun Rich List reveals some interesting nuggets of information.
Sixty-four percent of the individuals in the list are self-made millionaires.
The Indian stock exchanges were the preferred place to list followed by London and Singapore.
The average age of the Top 100 is 63 years.
The youngest person on the list is Shivinder Mohan Singh at 38 years old while the oldest, Keshub Mahindra, is 90 years old.
There are four millionaires below the age of 40.
Dubai emerged as the most preferred overseas location for Indian businessmen.
“Despite a sluggish economic growth of around 5%, a good show by the majority of the millionaires/billionaires in the Hurun Rich List 2013 demonstrates the resilience of Indian corporates during these tough times,” said Anas Rahman Junaid, Publisher at Large, Hurun Report India.
Hurun Rich List 2013 - The Top 10
For more information, please refer to www.hurun.net
NO | Name | Net Worth 2013 (USD mn) | % Change YoY | Company | Industry | Age | Location |
1- | Mukesh Ambani | $18,900 | -2% | Reliance Industries | Energy | 56 | Mumbai |
2- | Lakshmi Narayan Mittal | $15,900 | -6% | Arcelor Mittal | Steel | 63 | London |
3↑ | Dilip Shanghvi | $14,100 | 66% | Sun Pharmaceuticals | Pharmaceuticals | 58 | Mumbai |
4↓ | Azim Premji | $12,000 | -2% | Wipro | Technology | 68 | Bangalore |
5↑ | Shiv Nadar | $8,600 | 51% | HCL Technology | Technology | 68 | Delhi |
6↑ | Kumara Mangalam Birla | $8,400 | 45% | Grasim Industries | Manufacturing | 46 | Mumbai |
7- | Adi Godrej | $8,100 | 17% | Godrej Group | FMCG | 71 | Mumbai |
8↓ | Pallonji Mistry | $8,000 | 1% | Shapoorji Pallonji & Co | Engineering & Construction | 84 | Mumbai |
9↓ | Shashi & Ravi Ruia | $7,600 | 6% | Essar Energy | Energy | 69 / 64 | Mumbai |
10- | Sunil Mittal | $7,300 | 28% | Bharti Airtel | Telecom | 56 | Delhi |
Geographical Spread
For more information, please refer to www.hurun.net
Rank |
Geography | % Spread 2013 | % Spread 2012 |
Richest Individual 2013 |
Richest Individual 2012 |
1 | Mumbai | 33% | 36% | Mukesh Ambani | |
2 | Delhi* | 16% | 22% | Shiv Nadar | Kushal Pal Singh |
3 | Bangalore | 11% | 15% | Azim Premji | |
4 | Dubai | 9% | 1% | Micky Jagtiani | |
5 | Ahmedabad | 4% | 5% | Gautam Adani | |
5 | Chennai | 4% | 3% | Kalanithi Maran | |
7 | Kolkata | 4% | 4% | Benu Gopal Bangur | |
8 | Gurgaon | 3% | 1% | Kapil & Rahul Bhatia | |
8 | Pune | 3% | 5% | Rahul Bajaj | |
10 | Abu Dhabi | 2% | - | MA Yousuf Ali | |
10 | Hyderabad* | 2% | 3% | GV Prasad | Murali Divi |
10 | London | 2% | 3% | Lakshmi Narayan Mittal | |
13 | Muscat | 1% | - | Khimji Family | |
14 | Bhopal | 1% | 1% | Ramesh Agarwal | |
14 | Kanpur | 1% | - | Mahendra Mohan Gupta | |
14 | Sharjah | 1% | - | Feroz Allana | |
14 | Singapore | 1% | 1% | Bhupendra Kumar Modi | |
14 | Thrissur | 1% | - | TS Kalyanaraman | |
14 | Vadodara | 1% | - | Chirayu R Amin |
* New Number One
Sectoral Breakup
For more information, please refer to www.hurun.net
Rank | Sector | 2013 % | 2012 % | Richest Individual 2013 | Richest Individual 2012 |
1 | Manufacturing | 17% | 17% | Kumara Mangalam Birla | |
2 | Pharmaceuticals | 11% | 12% | Dilip Shanghvi | |
3 | Real estate | 9% | 10% | Kushal Pal Singh | |
4 | Media & Entertainment | 6% | 5% | Subhash Chandra | |
4 | Technology | 6% | 7% | Azim Premji | |
6 | Financial Services | 5% | 3% | Uday Kotak | |
6 | FMCG | 5% | 6% | Adi Godrej | |
6 | Infrastructure | 5% | 8% | Anil Ambani | |
9 | Automobile * | 4% | 4% | Rahul Bajaj | Brijmohan Lall Munjal & Family |
9 | Energy | 4% | 7% | Mukesh Ambani | |
11 | Engineering & Construction | 4% | 1% | Pallonji Mistry | |
11 | Multi Brand Retail | 4% | 4% | Micky Jagtiani | |
13 | Healthcare | 3% | - | BavaguthuRaghuram Shetty | |
14 | Food & Beverages * | 2% | 2% | Feroz Allana | Shyam & Hari Bhartia |
14 | Hospitality | 2% | - | Amit Jatia & Family | |
14 | Jewellery | 2% | - | TS Kalyanaraman | |
14 | Steel | 2% | 3% | LN Mittal | |
14 | Telecom | 2% | 2% | Sunil Mittal | |
19 | Aviation | 1% | 2% | Kapil & Rahul Bhatia | |
19 | Education | 1% | - | Sunny Varkey | |
19 | Investments * | 1% | 2% | Rakesh Jhunjhunwala | Hemendra Kothari |
19 | Logistics | 1% | - | Yogesh Mehta | |
23 | Diversified | 1% | - | Khimji Family | |
23 | Single Brand Retail | 1% | - | V.G. Siddhartha |
* New Number One
Richest Women
For more information, please refer to www.hurun.net
S No. | Name | Age | Location | Industry |
1 | 62 | Delhi | Steel | |
2 | 77 | Delhi | Media & Entertainment | |
3 | 71 | Pune | Energy | |
4 | 60 | Bangalore | Pharmaceuticals | |
5 | 56 | Delhi | Media & Entertainment | |
6 | 50 | Mumbai | Financial Services |
Hurun India Rich List 2013 -- Top 100
For the full ranking, refer to www.hurun.net
Rank | Name | Net Worth 2013 (In Mns) | % Change Y-O-Y | Company | Industry | Age | Location |
1 | Mukesh Ambani | $18,900 | -2% | Reliance Industries | Energy | 56 | Mumbai |
2 | Lakshmi Narayan Mittal | $15,900 | -6% | Arcelor Mittal | Steel | 63 | London |
3 | Dilip Shanghvi | $14,100 | 66% | Sun Pharmaceuticals | Pharmaceuticals | 58 | Mumbai |
4 | Azim Premji | $12,000 | -2% | Wipro | Technology | 68 | Bangalore |
5 | Shiv Nadar | $ 8,600 | 51% | HCL | Technology | 68 | Delhi |
6 | Kumara Mangalam Birla | $ 8,400 | 45% | Grasim Industries | Manufacturing | 46 | Mumbai |
7 | Adi Godrej | $ 8,100 | 17% | Godrej | FMCG | 71 | Mumbai |
8 | Pallonji Mistry | $ 8,000 | 1% | Shapoorji Pallonji &Co | Engineering &Construction | 84 | Mumbai |
9 | Shashi &Ravi Ruia | $ 7,600 | 6% | Essar Energy | Energy | 69 / 64 | Mumbai |
10 | Sunil Mittal | $ 7,300 | 28% | Bharti Airtel | Telecom | 56 | Delhi |
11 | Anil Ambani | $ 7,100 | 34% | Reliance Infrastructure | Infrastructure | 54 | Mumbai |
12 | Savitri Jindal | $ 5,100 | -9% | Jindal Steel &Power | Steel | 63 | Delhi |
13 | Uday Kotak | $ 4,300 | 8% | Kotak Mahindra Bank | Financial Services | 54 | Mumbai |
14 | Anand Burman | $ 3,900 | 26% | Dabur | FMCG | 61 | Delhi |
14 | Kushal Pal Singh | $ 3,900 | -38% | DLF | Real Estate | 82 | Delhi |
16 | Micky Jagtiani | $ 3,700 | -10% | Landmark Group | Multi Brand Retail | 62 | Dubai |
17 | Desh Bandhu Gupta | $ 3,400 | 36% | Lupin Pharmaceuticals | Pharmaceuticals | 75 | Mumbai |
18 | Anil Agarwal | $ 3,300 | 32% | Vedanta Resources | Energy | 60 | London |
18 | Rahul Bajaj | $ 3,300 | 10% | Bajaj Auto Limited | Automobile | 75 | Pune |
20 | BrijmohanLall Munjal & Family | $ 3,100 | -18% | Hero Moto Corp | Automobile | Delhi | |
21 | Subhash Chandra | $ 2,800 | 12% | Zee Networks | Media &Entertainment | 62 | Mumbai |
22 | Gautam Adani | $ 2,700 | -13% | Adani Enterprise | Infrastructure | 51 | Ahmedabad |
23 | Feroz Allana | $ 2,600 | New | IFFCO | Food &Beverages | Sharjah
| |
23 | Cyrus Poonawalla | $ 2,600 | 13% | Serum Pharma | Pharmaceuticals | 72 | Pune |
25 | Kalanithi Maran | $ 2,400 | 9% | Sun Networks | Media &Entertainment | 48 | Chennai |
26 | Yusuf Hamied | $ 2,200 | -4% | Cipla | Pharmaceuticals | 77 | Mumbai |
26 | Malvinder & Shivinder | $ 2,200 | 0% | Religare Enterprise | Financial Services | 40 / 38 | Delhi |
28 | Ajay Kalsi | $ 2,000 | -13% | Indus Gas Ltd | Energy | 49 | Delhi |
29 | Indu Jain | $ 1,900 | 12% | Bennett Coleman | Media &Entertainment | 77 | Delhi |
29 | Pankaj Patel | $ 1,900 | -32% | Cadila Healthcare | Pharmaceuticals | 60 | Ahmedabad |
29 | Rajan Raheja | $ 1,900 | -10% | Exide Industries | Manufacturing | 59 | Mumbai |
29 | MA Yousuf Ali | $ 1,900 | New | EMKE Group | Multi Brand Retail | 57 | Abu Dhabi |
29 | GV Prasad | $ 1,900 | 36% | Dr Reddy's Lab | Pharmaceuticals | 72 | Hyderabad |
34 | Venugopal Dhoot | $ 1,800 | -33% | Videocon Industries | Energy | 62 | Mumbai |
34 | Benu Gopal Bangur | $ 1,800 | 20% | Shree Cements | Manufacturing | 82 | Kolkata |
36 | Ashwin Dani | $ 1,600 | 14% | Asian Paints | Manufacturing | 71 | Mumbai |
36 | Balvant Parekh | $ 1,600 | 14% | Pidilite Industries | Manufacturing | 89 | Mumbai |
36 | Ravi Pillai | $ 1,600 | New | Ravi Pillai Group | Engineering &Construction | 63 | Dubai |
36 | N.R. Narayana Murthy | $ 1,600 | 14% | Infosys | Technology | 67 | Bangalore |
40 | Harsh Mariwala | $ 1,500 | 7% | Marico Ltd | FMCG | 62 | Mumbai |
40 | Ajay Piramal | $ 1,500 | -6% | PiramalHealthcare | Pharmaceuticals | 58 | Mumbai |
40 | Brij Bhushan Singal | $ 1,500 | 15% | Bhusan Steel | Steel | 76 | Delhi |
43 | Sudhir & Samir Mehta | $ 1,400 | -18% | Torrent Pharma | Pharmaceuticals | 59 / 50 | Ahmedabad |
43 | Chhabria Family | $ 1,400 | New | Jumbo Group | Multi Brand Retail | Dubai | |
43 | Sunny Varkey | $ 1,400 | New | Gems Education | Education | 56 | Dubai |
46 | Ashwin Choksi | $ 1,300 | 18% | Asian Paints | Manufacturing | 70 | Mumbai |
46 | S Gopalakrishnan | $ 1,300 | 30% | Infosys | Technology | 58 | Bangalore |
46 | Nandan Nilekani | $ 1,300 | 30% | Infosys | Technology | 58 | Bangalore |
46 | Kapil &Rahul Bhatia | $ 1,300 | 8% | Indigo Aviations | Aviation | 81 / 53 | Gurgaon |
50 | TS Kalyanaraman | $ 1,200 | New | Kalyan Jewellery | Jewellery | 66 | Thrissur |
50 | Abhay Vakil | $ 1,200 | 20% | Asian Paints | Manufacturing | 63 | Mumbai |
50 | Murali Divi | $ 1,200 | -20% | Divi's Lab | Pharmaceuticals | 62 | Hyderabad |
50 | Glenn Saldanha & Family | $ 1,200 | 9% | GlenmarkPharma | Pharmaceuticals | 75 | Mumbai |
54 | Mangal Prabhat Lodha | $ 1,100 | 10% | Lodha Developers | Real Estate | 57 | Mumbai |
54 | G M Rao | $ 1,100 | 0% | GMR | Infrastructure | 63 | Bangalore |
54 | Mallika Srinivasan | $ 1,100 | New | TAFE | Automobile | 54 | Chennai |
54 | Gautam Thapar | $ 1,100 | -8% | Avantha Group | Manufacturing | 52 | Delhi |
58 | Chandru Raheja | $ 1,000 | 0% | K Raheja Corp | Real Estate | 73 | Mumbai |
58 | Dhingra Brothers | $ 1,000 | New | Berger Paints | Manufacturing | Delhi | |
58 | Anand Mahindra | $ 1,000 | 16% | Mahindra &Mahindra | Automobile | 58 | Mumbai |
58 | Vivek Chaand Sehgal | $ 1,000 | 75% | Motherson Sumi System | Manufacturing | 57 | Delhi |
58 | VikramLal | $ 1,000 | New | Eicher Motors | Automobile | 71 | Gurgaon |
58 | QimatRai Gupta | $ 1,000 | 33% | Havells India | Manufacturing | 76 | Delhi |
64 | Rakesh Jhunjhunwala | $ 900 | 13% | Rare Enterprise | Investments | 53 | Mumbai |
64 | Mofatraj Munot | $ 900 | 43% | Kalpataru Group | Real Estate | 69 | Mumbai |
64 | Niranjan Hiranandani | $ 900 | -10% | Hiranandini Developers | Real Estate | 63 | Mumbai |
64 | Tony Jashanmal | $ 900 | New | Jashanmal Group | Multi Brand Retail | 65 | Dubai |
64 | Rajesh Mehta | $ 900 | -18% | Rajesh Exports | Jewellery | 49 | Bangalore |
64 | Shyam & Hari Bhartia | $ 900 | -31% | Jubilant Foodworks | Food &Beverages | 60 / 56 | Delhi |
64 | K. Dinesh | $ 900 | 23% | Infosys | Technology | 59 | Bangalore |
71 | Hemendra Kothari | $ 800 | -11% | DSP Blackrock | Investments | 67 | Mumbai |
71 | Bhupendra Kumar Modi | $ 800 | -20% | Spice Group | Telecom | 64 | Singapore |
71 | JR Gangaramani | $ 800 | New | Al Fara Group | Engineering &Construction | Abu Dhabi | |
71 | BR Shetty | $ 800 | New | NMC Group | Healthcare | 71 | Abu Dhabi |
71 | Anu Aga | $ 800 | 16% | Thermax | Energy | 71 | Pune |
71 | Vikas Oberoi | $ 800 | -33% | Oberoi Reality | Real Estate | 43 | Mumbai |
71 | Analgit Singh | $ 800 | 4% | Max India | Financial Services | 59 | Delhi |
71 | S.D. Shibulal | $ 800 | 23% | Infosys | Technology | 58 | Bangalore |
71 | Ranjan Pai | $ 800 | New | Manipal Education &Medical Group | Education | 40 | Bangalore |
71 | Khimji Family | $ 800 | New | Khimji Ramdas | Diversified | Muscat | |
71 | Vijay Mallya | $ 800 | -27% | United Breweries | Food &Beverages | 57 | Bangalore |
71 | Prathap Reddy | $ 800 | 43% | Apollo Hospitals | Healthcare | 81 | Chennai |
71 | Jaiprakash Gaur | $ 800 | -27% | Jaiprakash Associates | Infrastructure | 82 | Delhi |
71 | Joy Alukkas | $ 800 | New | Joy Alukkas | Jewellery | 56 | Dubai |
85 | Habil Khorakiwala | $ 700 | -63% | Wockhardt | Healthcare | 71 | Mumbai |
85 | Karsanbhai Patel | $ 700 | -11% | Nirma | FMCG | 69 | Ahmedabad |
85 | V.G. Siddhartha | $ 700 | -10% | Coffee Day Resorts | Single Brand Retail | 54 | Bangalore |
85 | Radhe Shyam Goenka | $ 700 | 21% | Emami Ltd | FMCG | 66 | Kolkata |
85 | Radhe Shyam Agarwal | $ 700 | 21% | Emami Ltd | FMCG | 67 | Kolkata |
85 | Keshub Mahindra | $ 700 | 3% | Mahindra &Mahindra | Automobile | 89 | Mumbai |
85 | Kiran Mazumdar-Shaw | $ 700 | 9% | Biocon | Pharmaceuticals | 60 | Bangalore |
85 | Premchand Godha | $ 700 | New | IPCA Laboratories | Pharmaceuticals | 67 | Mumbai |
85 | Yogesh Mehta | $ 700 | New | Petrochem ME | Logistics | Dubai | |
85 | Murugappa Family | $ 700 | -19% | EID Parry | Manufacturing | Chennai | |
85 | Irfan Razack | $ 700 | 21% | Prestige Estate Projects | Real Estate | 60 | Bangalore |
96 | Shishir Bajaj | $ 600 | -8% | Bajaj Corp | Manufacturing | 65 | Mumbai |
96 | Rizwan Sajan | $ 600 | New | Danube Group | Engineering &Construction | 49 | Dubai |
96 | Devendra Kumar Jain | $ 600 | -10% | Gujarat Flouro Chemicals | Manufacturing | 84 | Delhi |
96 | Sanjiv Goenka | $ 600 | -2% | CESC | Infrastructure | 52 | Kolkata |
96 | Amit Jatia &Family | $ 600 | New | Westlife Development (Mcdonald'sIndia) | Hospitality | 46 | Mumbai |
96 | Ramesh Agarwal | $ 600 | 7% | DainikBhaskar | Media &Entertainment | 68 | Bhopal |
96 | Harsh Goenka | $ 600 | 7% | RPG Group | Infrastructure | 55 | Mumbai |
96 | Baba Kalyani | $ 600 | -23% | Bharat Forge | Manufacturing | 64 | Pune |
96 | T.T. Jagannathan | $ 600 | -2% | TTK Prestige | Manufacturing | 65 | Bangalore |
96 | Rajesh Agarwal, Rahul Sharma, Sumeet Kumar & Vikas Jain | $ 600 | New | Micromax | Telecom | Gurgaon | |
96 | PV Ramaprasad Reddy | $ 600 | 54% | AurobindoPharma | Pharmaceuticals | 55 | Hyderabad |
Methodology
The Hurun India Rich List is a snapshot of wealth on 18October 2013. Non-listed companies were valued by comparison with their listed equivalents using prevailing industry transaction comparable such as earnings multiple, revenue multiple, statistical analysis using market indices. The rate of exchange to the US dollar was INR 61.5.
Valuing the wealth of India’s richest is as much an art as it is a science. Our team of researchers has been sifting through volumes of publically-available data on the top Indian entrepreneurs. The result is the second and more comprehensive Hurun India Rich List 2013. No, it is not perfect. We have missed off people that have gone to extraordinary lengths to keep their names off public records, but it is nonetheless, a serious attempt to rank and understand the changes going through the Indian economy.
The Hurun Indian Rich List relates to Indians, defined as someone born or bread in India, no matter what passport they might hold today.
About Hurun Report
Established as a research unit in 1999 by British chartered accountant Rupert Hoogewerf, Hurun Report Inc. has grown on the back of the Hurun China Rich List, a list which ranks the 1000 richest individuals in China. As the Chinese entrepreneurs have grown in the past decade, Hurun Report has expanded to include a Global Rich List in 2012& 2013andIndia Rich List 2012 and 2013, allowing for comparisons between two of the most dynamic economies in the world.
Hurun Report is a leading research house and luxury publishing group based in Shanghai, China. Hurun Report Inc. has a stable of four luxury magazines, the Hurun Research Institute and an active business events division targeting China’s entrepreneurs and high net worth individuals.
The flagship Hurun Report magazine is published monthly and reaches the households of 106,000 proven wealthy Chinese individuals and their advisers. Hurun Report is best known for its annual Hurun China Rich List, widely considered the bible of wealth and de-facto Who’s Who of Chinese business.
Hurun Report Inc. also publishes Horse & Polo, The Schools Guide Series and Wings & Water.
Horse & Polo provides in-depth coverage about horse related issues including features on Polo, Dressage, Horse Racing, Bloodstock as well as Dogs and Croquet. The magazine is designed to be the glamorous companion for wealthy Chinese with a passion for horses.
The Schools Guide Series explains the respective education systems of various destinations such as the UK, US, Canada, Australia and New Zealand, Switzerland and Singapore, issues parents need to take into consideration when making the transition from the Chinese system, and lists the top preparatory, secondary and undergraduate schools.
Wings & Water is for the so-called lion kings of China; those individuals who lead industry and shape opinions. It addresses the needs of those entrepreneurs looking to purchase a jet or yacht, as well as setting out how to maintain these big and costly machines.
For further information, see www.hurun.net
For media inquiries, please contact:
Anas Rahman Junaid
Email: Anas.rahman@hurun.net
Mobile: 8606 498 100
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