Today, we are going to release the list of Forbes’ Top 10 Richest People in India 2016. Listed here are the richest Indians with brief details about their income source and estimated net worth. Here is the list of Indian billionaires and their ranks in India and the world. Number of richest people in the world has been increased but ranks of India’s richest people fallen down. Here is the list of top 10 wealthiest people in India with estimated net worth.
Ranked No. 10 in India, Kumar Birla took the company to new heights since he headed the Birla Group. He faced some setbacks last year as his name was included in charge sheet in Coal Scam by CBI. The mining lease of Hindalco has been cancelled. But he still managed to be listed among the richest personalities in India. Being the part of Birla Group, the revenue of Idea Cellular is considerably increasing.
Ranked 9th in India, Cyrus Poonawala is the largest vaccine producer in the world who owns Serum Institute of India and makes up to 1.3 billion doses every year in its Pune-based factory. He rose to 9th Richest Person in India 2015 from 295th richest in the year 2014.
Ranked 88th in the world and 8th in India, Lakshmi Mittal is yet another billionaire whose net worth is drastically declined over the past few years. But he is still 8th richest personality in India whose estimate net worth is $12 billion. Over the past few years, he had seen hard time in commodity market and his Steel manufacturing company, Arcelor Mittal, suffered $1 Billion of net loss in 2014.
Ranked 8th in India, Godrej is a leading Consumer Goods company which has a legacy of 118 years. Godrej is among the most trusted brands in the country. The family has nine members and all are busy running company whose chairman is Adi Godrej.
Ranked 66th in the world and 6th in India, Shiv Nadar is the co-founder of HCL Group, computer hardware and software based company based in India. The well-known official outfit of HCL Technology is running high and soaring shares led him to become a Self-Made Indian billionaire.
Ranked 55th in the world and 5th in India, Pallonji Mistry is the owner of construction company Shapoorji Pallonji Group, which is run by his elder son Shapoor who is celebrating the 150th anniversary of the company. The real estate arm of the company is partnered with Standard Chartered Private Equity, the Asian Development bank, and the International Finance Corp. in a $200 million venture for the development of 20000 affordable homes. He has 18.4% of stake in Tata Sons which is the biggest source of his income.
Ranked 69th in the world and 4th in India, Hinduja Bros run 90 years old company which has presence in several countries.
Ranked 48th in the world and 3rd in India, Azim Premji is the founder of leading IT giant, Wipro Technologies.
Ranked 44th in the world and second in India, Dilip Shanghvi is the founder of most trusted Indian pharmaceutical company, Sun Pharmaceuticals.
Ranked 39th in the world and first in India, Mukesh Ambani inherited Reliance from his father Dhirubhai Ambani and took it to another level. He was once on third position in the world with $40 billion of net worth but he had steep loss in reduced share prices.