Introduction:
Explore India’s economic titans in 2024. From tech moguls to individual tycoons, delve into the success stories and financial empires of the top 10 richest Persons in India, shaping the nation’s wealth.
India today has experienced significant economic growth in the past few decades. Rapid industrialisation and various economic reforms have contributed to the expansion of business and wealth creation.
Bloomberg Billionaires Index is a daily ranking of the World’s richest people.
A total of 169 Indian businessmen made it to the list in 2024 and the top 10 richest Persons in India are as follows:-
1. Mukesh Ambani: -Asia’s Richest Man and Reliance Industries Chairman.
Net Worth:-Mukesh Ambani's Net worth in 2024 is $112.1 Billion. He is the 11th Richest person Globally.
Family:-Married to Nita Ambani, with three children. His Father, Dhirubhai Ambani built the Reliance empire.
Business:-Mukesh Ambani heads Reliance Industries, India’s most valuable company. It is a conglomerate spanning oil & gas, petrochemicals, telecom( JIO), retail Reliance Retail and many more.
Employees:-There are 3,89,414 employees by 2023 records.
2. Gautam Adani:-From Diamond Trader to Global Leader Businessman.
He is the Founder & Chairman of Adani Group.
Net Worth:-Gautam Adani Net worth $97.6 Billion. He is the Adani Group Founder and now 2nd Richest person in India & 16 the richest person in the world.
Family:-Gautam Adani is married to Priti Adani. The couple have two sons, Karan Adani and Jeet Adani.
Business:-Adani owns the business Abbot Point, a coal mining project in Australia, Cement Company. His business also spans Energy, Ports and Logistics, Mining resources, Gas Defence & Aerospace and Airports.
Employees:-Nearly 29,200 employees will be working in Adani Group by 2023.
3. Shiv Nadar: From Garage Startup to Education Champion
Net Worth: A towering $41 billion (Feb 2024) ranks him as India's 3rd richest and the world's 30th, built on tech and philanthropy.
Family: Wife Kiran is known for her educational initiatives, and daughter Roshni steers HCL Technologies.
Business Legacy: Co-founded HCL in 1976, starting with calculators and microprocessors. Today, HCL Technologies is a global IT powerhouse with over 225,000 employees.
Beyond Business: A dedicated philanthropist, Nadar has poured over $1 billion into education through the Shiv Nadar Foundation, creating world-class schools and universities.
Global Footprint: HCL operates in over 60 countries, delivering IT services to global giants like Microsoft and Boeing. Presently 2,24,700 employees are working in HCL Group all over the countries.
4. Savitri Jindal-The Jindal’s Steel Dynasty and Philanthropic Powerhouse:
Net Worth: Collective wealth estimated at $18.5 billion (February 2024), placing them among India's top 10 families.
Family: Matriarch Savitri Jindal chairs the OP Jindal Group, built by her late husband O.P. Jindal. Their four sons, Sajjan, Naveen, Pawan, and Risha, lead different group companies.
Business Empire: A diversified conglomerate spanning steel (Jindal Steel & Power), infrastructure, cement, power, and more. Global presence across the U.S., Middle East, and Africa.
Philanthropic Legacy: The Jindal Foundation, led by Savitri, is a major force in education, healthcare, and rural development. Each son also pursues individual philanthropic initiatives.
Impact: The Jindals are major contributors to India's economic growth and job creation. However, concerns regarding the environmental impact of their steel operations and potential conflicts of interest due to political connections exist.
JSPL operates the largest coal-based sponge Iron Plant in the world and has an installed capacity of 3MTPA ( Million tonnes per annum) of steel at Raigarh Chhatisgarh.
5. Cyrus S Poonawalla 5th riches person in India:
Cyrus Poonawals, born in 1941 is an Indian billionaire businessman and the chairman and managing director of the Cyrus Poonawala Group.
Cyrus Poonawala, India’s vaccine king, has pockets heavier than most.
Net worth: His net worth is $24.3 Billion makes him 5th richest businessman in India.
Family:-Cyrus S Poonawalla is the son of a horse breeder, Cyrus Poonawala founded Serum Institute of India in 1966 and built it into the world’s largest vaccine maker.His wife villo poonawala and son Adhar Poonawala.
Business:-Cyrus Poonawalla, India’s vaccine king. He comes from a Zoroastrian background and his son, Adar Poonawalla leads the business empire-The Serum Institute of India(SII).
Serum Institute of India is the biggest vaccine maker by doses worldwide and protects millions across the globe.
Employees:-There are more than 50,000 employees working in this group.
6. Top 6th Richest person in India Sangivi:
Dilip Sangivi born on 1st October 1955 is an Indian billionaire businessman and one of the country’s richest people. He founded Sun Pharmaceuticals.
He built his empire with Sun Pharma India's largest drug maker. He started small borrowing just $200 from his dad!
Net worth:-Dilip Sangivi India's pharma giant, boasts a whopping $22.2 Billion net worth ranking him 6th richest person in India.
Family: His wife Viva D Shanghvi and children Vidhi Shanghavi and Aalok Singivi.
Business:-Sanghivi is the founder of Sun Pharmaceutical Industries, a generic drugmaker with revenue of $5.4 Billion in the year to March 31, 2023. The Mumbai-based company has more than 40 manufacturing facilities and serves more than 100 countries.
Employees:-There are more than 37000 employees working under Sun Pharma Group all over the world.
7.Kumar Birla- the King Pin of Aditya Birla Group:
Kumar Mangalam Birla is an Indian billionaire Industrialist, philanthropist and the chairman of the Aditya Birla Group. It is one of the largest conglomerates in India.
He is the chancellor of the Birla Institute of Technology & Science Pilani. He is an ex-chairman of the Indian Institute of Management -Ahmedabad. He is the 7th richest person in India.
Net worth today 1920Crore (USD) as per Forbes magazine.
Family:-Kumar Birla is a charted Accountant and graduated from London Business School, He entered the family business at the age of 28 when his father Aditya Birla died in 1995.
His wife Neeraj Birla and 3 children Ananya Birla, Aryaman Birla and Advaitesha Birla.
Business:- Kumar Birla chairs the Boards of all the major Group Companies in India and Globally including Novelis, Birla Carbon, Aditya Birla Chemicals, Domsjo Fabriker, Terrace Bay Pulp Mill and Hindalso Industries Ltd, Grasim Industries Ltd, Ultra tech cement Ltd, Aditya Birla Fashion and Retail Ltd with Aditya Birla Capital Limited.
Employees:-Total employees today extraordinary force of 1,87,000 belonging to 100 different nationalities.
Kumar Birla also actively gives back through the Aditya Birla Foundation, focusing on education, health care and sustainable livelihood initiatives.
Kumar Birla is not just a wealthy businessman, he is also a legacy builder, a family man and a philanthropist, shaping India’s economy.
8. Real estate titan- Kushal Pal Singh:
Kushal Pal Singh is an Indian billionaire real estate developer and the chairman and CEO of the real estate developer DLF Limited, founded by his father-in-law Chaudhary Raghvendra Singh. He was born on 15th November 1931. Kushal Pal Singh is the 8th richest person in India.
DLF holds an estimated 10,255 acres of land with about 3000 acres of land in Gurrgram called DLF City.
Net Worth:-Kushal Pal Singh $19.3 Billion (1960 Crore USD). He is the owner of DLF(Delhi Land & Finance). He is the richest real estate developer in India with an overall wealth valuation of INR 61,220 Crore.
Family:-He is married to Indira Singh, daughter of DLF’s founder and they have three children son Rajib Singh who succeeded him as DLF’s Chairman and DLFdaughter Renuka and Pia.
Business:-DLF, the crown jewel of Sing's business ventures has been instrumental in shaping India’s urban landscape. Under his leadership, the company developed DLF City in Gurgaon, a sprawling township considered a landmark project.
Today, DLF remains India; 's biggest listed property firm by the market cap.
Employees:- Today there are 1000 to 2000 employees in India. The Global headquarters is located at Gurugram-Haryana.
9. Laxmi Mittal:-Steel Tycoon and Global Family Man:
Laxmi Mittal, affectionally known as “ Lakshmi Mittal Steel” in India, built a steel empire worth $17.3 Billion, ranking him the 9th richest person in India and 100 th richest person globally.
His journey began humbly started from a scrap material business in Calcutta. However, it was Indonesia where he built his first steel plant in 1976 eventually founding Mittal Steel.
Net worth:- Lakshmi Niwas Mittal is an Indian steel magnate, based in the United Kingdom. He is the executive chairman of Arcelor Mittal, the world’s second-largest steel-making company as well as chairman of stainless steel manufacturing—his Net worth today is 1700 Crore USD by 2024.
Family:-Mittal born on 15th June 1950.His wife Usha Mittal and children Aditya Mittal and Vanisha Mittal.
Business:- Laxmi Mittal is the Executive Chairman of Arcelor Mittal, the world’s second-largest steel-making company as well as chairman of stainless steel manufacturer Aperam.Mittal owns 38% of Arcelor and holds a 3% stake in EFL Championship side Queens Park Rangers.
Aditya Mittal now serves as CEO of Arcelor Mittal, the world’s largest steel producer formed in 2006 through a merger between Mittal Steel and Arcelor.
Vanisha heads Aperam a leading European stainless steel producer of the world.
Employees:-Arcelor employs over 1,70,000 people across 60 countries, automobiles and many more.
Beyond business, the Mittal Family is known for their philanthropy. The Mittal Foundation supports education, health care and community development initiatives worldwide.
10.Radakishan Damani: Retail King in India:
Radhakrishan Shivkrishna Damani is an Indian billionaire businessman and Investor. He is the founder and the chairperson of the retail chain Avenue Supermarts Limited.
Damani is often referred to as the Retail King of India.
Net Worth:- The chain had 25 stores in 2010.After which the Company proliferated and went public in 2017. In 2020 he became the fourth richest person in India with $16.5 Billion (1650 Crore USD) in 2024.
The parent company D Mart supermarket chain and Avenue Supermarkets Limited Empire's success lies in its focus on value pricing and quality resonating with budget-conscious Indian consumers.
While Damani started with stockbroking, he transitioned to retail in 2002 with the first D Mart in Mumbai. Today, D Mart boasts over 250 stores across India offering groceries, home essentials and many more.
Family:-Radhakrishna Damani was born on 12th July 1955. His children Manjiri Chandak, Jyoti Kabra and Madhu Chandak. He is the founder and chairman of D Mart.
Conclusion:
India’s wealth in 2024 is a testament to the nation’s economic prowess and entrepreneurial spirit. The top 10 richest individuals showcase diverse success stories, ranging from technology and industry to finance and retail.
As the country continues to embrace innovation and globalization, these individuals play pivotal roles in shaping India’s economic destiny.
Their immense wealth not only reflects personal achievements but also symbolizes the potential for growth and prosperity in the nation.
It remains to be seen how these influential figures will contribute to India’s development and navigate the evolving economic development in the years to come in future.
