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40 Richest Indians

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					Source : Forbes   1
#1
Lakshmi Mittal

$11.2 billion / London
54. Married. 2 Children.




                           This steel titan is set to control the world's largest
                           steel company when his Ispat International and
                           LNM Holdings acquire International Steel.
                           Combined entity will be $30 billion (sales) Mittal
                           Steel, 88%-owned by Mittal himself.


Associated Companies: Ispat International
Source : Forbes                                                                     2
#2
Azim Premji

$10.0 billion / Bangalore
59. Married. 2 Children.




                            Owns 84% of $1.3 billion (sales) Wipro, India's
                            second-biggest InfoTech company, riding
                            outsourcing wave. Recently traded his eight-year-
                            old Ford Escort for a new Toyota Corolla.



Associated Companies: Wipro
Source : Forbes                                                             3
#3
Mukesh & Anil Ambani

$6.4 billion / Mumbai




                             Two years after the death of their father,
                             Reliance group's founder Dhirubhai Ambani,
                             brothers have separated the control of the $22
                             billion (sales) diversified group.


Associated Companies: Reliance Industries
Source : Forbes                                                               4
#4
Kumar Mangalam Birla

$3.5 billion / Mumbai
37. Married. 3 Children.




                           Fourth-generation head of $6 billion (sales)
                           commodities conglomerate, with operations in
                           nine countries, including palm oil in Malaysia.
                           India's largest cement producer.



Associated Companies: Hindalco Industries
Source : Forbes                                                              5
#5
Pallonji Mistry

$2.9 billion / Mumbai
75. Married. 4 Children.




                           Construction tycoon benefiting from 18.4% stake in
                           Tata Sons, holding company of Tata conglomerate,
                           including Tata Consultancy Services worth $13
                           billion. Rarely seen in public.




Source : Forbes                                                            6
#6
Sunil Mittal

$2.6 billion / Delhi
47. Married. 3 Children.




                           His Bharti group, the country's largest GSM-based
                           cellular service provider, is benefiting from India's
                           booming middle class. New venture to export fruits
                           and vegetables with the Rothschild family.



Associated Companies: Bharti Tele-Ventures
Source : Forbes                                                               7
#7
Shiv Nadar

$2.3 billion / Delhi
59. Married. 1 Child.




                        From modest beginnings in his garage, built and still
                        chairs $1.2 billion (revenues) HCL Group, a leading
                        InfoTech provider. Commutes between California and
                        Delhi.



Associated Companies: HCL Group
Source : Forbes                                                          8
#8
Adi Godrej

$1.9 billion / Mumbai
62. Married. 3 Children




                          Third generation to head $1 billion (sales) Godrej
                          Group, whose businesses include soaps, hair
                          dyes, office furniture and mosquito repellent. One
                          of Mumbai's biggest landowners, has benefited
                          from rising real estate prices.


Associated Companies: Godrej
Source : Forbes                                                            9
#9
Malvinder & Shivinder
Mohan Singh


$1.5 billion / Delhi




                        Two brothers inherited family's 33.5% stake in
                        leading pharmaceuticals firm Ranbaxy Laboratories
                        five years ago because of the premature death of
                        their dynamic father, Parvinder Singh. Older brother
                        Malvinder was recently named to its board, while
                        Shivinder looks after a subsidiary.
Associated Companies: Ranbaxy
Source : Forbes                                                         10
#9
Dilip Shanghvi

$1.5 billion / Mumbai
49. Married. 2 Children.




                           With loan from his father started manufacturing
                           psychiatric drugs in 1983. His Sun Pharmaceuticals
                           has a stake in Caraco Pharmaceutical Labs, a U.S.
                           generic drug company.



Associated Companies: Sun Pharmaceuticals
Source : Forbes                                                          11
#11
Anil Agarwal

$1.2 billion /
London/Mumbai
51. Married. 2 Children.




                           Turned small scrap metal business into metals and
                           mining company with copper, zinc and aluminum
                           assets. Listed his Vedanta Resources on the London
                           Stock Exchange last year, raising $825 million.


Source : Forbes                                                           12
#12
Shashi & Ravi Ruia

$1.1 billion / Mumbai




                         Brothers turned modest inheritance into $4.4
                         billion (assets) Essar Group with interests in steel,
                         shipping, power, construction and telecom.
                         Dragged down by debt but now rebounding.



Associated Companies: Essar Group
Source : Forbes                                                             13
#13
Om Prakash Jindal

$1.0 billion / Delhi
74. Married. 9 Children.




                           Founder of $3 billion (sales) Jindal Group,
                           started out trading steel pipes. Carved up steel
                           and-power conglomerate among four sons who
                           run their groups independently.



Associated Companies: Jindal Group
Source : Forbes                                                               14
#14
Rahul Bajaj

$850 million / Pune
66. Married. 3 Children.




                           Since 1965 has run $1.1 billion (sales) Bajaj
                           Auto, flagship of Bajaj Group founded by his
                           grandfather, a confidante of Mahatma Gandhi.
                           Tensions with estranged brother Shishir
                           threaten to divide this fortune.


Associated Companies: Bajaj Group
Source : Forbes                                                            15
#15
N R Narayana Murthy

$825 million / Bangalore
58. Married. 2 Children.




                           Son of a small-town schoolteacher, he and six
                           partners founded $1 billion (sales) Infosys
                           Technologies, now a leading software firm
                           benefiting from outsourcing boom. Remains
                           chairman.


Associated Companies: Infosys Technologies
Source : Forbes                                                            16
#16
Subhash Chandra

$760 million / Mumbai
54. Married. 3 Children.




                           Former rice trader, launched Zee TV in 1992. Now
                           reaches 250 million viewers. At peak, worth $3
                           billion. After a parade of professionals, entrusted
                           operations to relatives. Other interests: packaging,
                           theme parks.


Associated Companies: Zee Network
Source : Forbes                                                             17
#16
Yusuf Hamied

$760 million / Mumbai
68. Married.




                         Heads leading generics producer Cipla, founded
                         by his father in 1935. With brother, owns 41% of
                         company. Nicknamed "drug pirate" for knocking
                         off AIDS drugs and selling them at steep discount.
                         Runs free cancer hospital.


Associated Companies: Cipla Pharma
Source : Forbes                                                          18
#16
Brijmohan Lall Munjal

$760 million / Delhi
81. Married. 4 Children.




                           Started out making bicycle parts. Now his $2
                           billion (sales) Hero Group is world's biggest
                           bicycle producer; Honda's Indian partner for
                           motorcycles.



Associated Companies: Hero Group
Source : Forbes                                                            19
#19
Habil Khorakiwala

$630 million / Mumbai
62. Married. 3 Children.




                           Has run Wockhardt, pharmaceutical offshoot of
                           family's retail group, since 1966. Over half of its
                           revenues come from selling cheap generics
                           overseas. Established U.S. subsidiary this year
                           and plans to seek U.S. listing. Owns a chain of
                           specialty hospitals.

Source : Forbes                                                                  20
#20
Vivek Burman

$600 million / Delhi
64. Married. 2 Children.




                           Chairman of 120-year-old Dabur, household
                           name in ayurvedic products ranging from hair
                           oils and fruit juices to cancer drugs. Founded by
                           his great-grandfather, a doctor who concocted
                           herbal cures for poor villagers.


Associated Companies: Dabur
Source : Forbes                                                                21
#21
Nandan Nilekani

$570 million / Bangalore
49. Married. 2 Children




                           Infosys cofounder and chief executive. Pushing
                           for better governance in Bangalore.




Associated Companies: Infosys Technologies
Source : Forbes                                                             22
#22
S Gopalakrishnan

$555 million / Bangalore
50. Married. 1 Child.




                           Infosys cofounder and chief operating officer.
                           Chairs Infosys Consulting, U.S.-based arm
                           launched this year.




Associated Companies: Infosys Technologies
Source : Forbes                                                             23
#23
N S Raghavan

$550 million / Bangalore
59. Married. 2 Children.




                           Infosys cofounder, retired to pursue charity
                           work. Chairs entrepreneurial studies center and
                           founded nonprofit for the mentally challenged.




Associated Companies: Infosys Technologies
Source : Forbes                                                              24
#24
Narendra Patni

$530 million / Boston/Mumbai
62. Married. 2 Children.




                               MIT graduate, cofounded Patni Computer Systems
                               with his two brothers in 1978. Still runs the group,
                               which went public last year and acquired California-
                               based outfit Cymbal Corp. in October. Fancies red
                               wine and BMWs.


Associated Companies: Patni Computer Systems
Source : Forbes                                                                25
#24
Ajay Piramal

$530 million / Mumbai
49. Married. 2 Children.




                           Inherited fading textile empire at age 28.
                           Expanded into pharmaceuticals by acquiring local
                           operations of international drug companies pulling
                           out of India, creating flagship company Nicholas
                           Piramal. Opened Mumbai's first shopping mall.



Source : Forbes                                                            26
#26
Vijay Mallya

$510 million / Bangalore
49. Married. 3 Children.




                           Liquor tycoon, controls and runs the UB Group,
                           India's largest spirits marketer. Launching Kingfisher
                           Airline, named after UB's bestselling beer. Owns
                           racehorses, vintage cars, private jets and yachts.



Associated Companies: UB Group
Source : Forbes                                                             27
#26
Pankaj Patel

$510 million / Ahmedabad
53. Married. 2 Children.




                            Runs generic drug company Zydus Cadila. His
                            father and partner cofounded Cadila 52 years
                            ago. Two families split in 1995. Has since been
                            growing through acquisitions.



Associated Companies: Zydus Cadila
Source : Forbes                                                          28
#28
Baba Kalyani

$500 million / Pune
55. Married. 1 Child.




                          Second generation to head $900 million (sales)
                          Kalyani group, whose Bharat Forge is Asia's largest
                          forging company. Makes auto parts and specialty
                          steels with, among others, Germany's Bosch.



Associated Companies: Kalyani Group
Source : Forbes                                                          29
#29
B Ramalinga Raju

$495 million / Hyderabad
49. Married. 2 Children.




                           Branched out from family construction business in
                           1987 to start a software shop. His NYSE listed
                           Satyam Computer is now one of India's top InfoTech
                           companies.



Associated Companies: Satyam Computers
Source : Forbes                                                          30
#30
Kiran Mazumdar-Shaw

$455 million / Bangalore
51. Married.




                           India's biotech pioneer, co-founded Biocon in
                           1978. Now India's richest woman, thanks to
                           group's March public offering. Husband John
                           Shaw has his own stake, worth $275 million.


Associated Companies: BioCon
Source : Forbes                                                            31
#31
Karsanbhai Patel

$435 million / Ahmedabad
60. Married. 3 Children.




                              Onetime struggling chemist, started mixing
                              detergent in his backyard in 1969. Now his
                              Nirma brand is India's biggest, outselling
                              Unilever and Procter & Gamble. His two sons
                              run the business.


Associated Companies: Nirma
Source : Forbes                                                             32
#32
K Dinesh

$410 million / Bangalore
50. Married. 2 Children.




                           Infosys cofounder previously managed projects
                           in the U.S. Now heads several departments,
                           including human resources and information
                           systems.



Associated Companies: Infosys Technologies
Source : Forbes                                                            33
#33
Uday Kotak

$380 million / Mumbai
45. Married. 2 Children.




                           Founded finance firm in 1985. A leading
                           investment banking firm, it recently renamed itself
                           Kotak Mahindra Bank and moved into commercial
                           banking. Has joint ventures with Goldman Sachs
                           and Ford Credit. He plays the sitar.


Associated Companies: Kotak
Source : Forbes                                                             34
#34
S D Shibulal

$370 million / Boston
49. Married. 2 Children.




                                 Infosys cofounder. Heads global
                                 customer delivery. Started charity with
                                 wife to help poor children.




Associated Companies: Infosys Technologies
Source : Forbes                                                            35
#35
K Anji Reddy

$350 million / Hyderabad
63. Married.




                           A farmer's son, founded Dr. Reddy's Laboratories
                           in 1984. Now India's second-largest maker of
                           generic drugs. Runs company with son and son-in-
                           law.


Associated Companies: Dr. Reddy’s Laboratories
Source : Forbes                                                         36
#35
Narotam Sekhsaria

$350 million / Mumbai
55. Married. 2 Children.




                           Former cotton trader Sekhsaria and brother-in-law
                           Suresh Neotia co-founded Gujarat Ambuja
                           Cements in 1986, one of India's biggest cement
                           producers.



Associated Companies: Gujarat Ambuja Cements
Source : Forbes                                                          37
#37
Jaiprakash Gaur

$340 million / Delhi
73. Married. 5 Children.




                           Resigned from government job to start a
                           construction company in 1972. Now his $650
                           million (sales) Jaypee Group builds bridges,
                           expressways, dams, even golf course. Also has
                           interests in hotels, cement, education and
                           technology.


Associated Companies: Jaypee Group
Source : Forbes                                                       38
#38
Shyam & Hari Bhartia

$315 million / Delhi




                       Brothers converted family's commodities business
                       into diversified group with interests in speciality
                       chemicals, pharmaceuticals, bioinformatics, oil and
                       gas and Domino's Pizza franchise. Shyam is
                       married to publishing heiress.



Source : Forbes                                                        39
#38
Keshub Mahindra

$315 million / Mumbai
81. Married. 3 Children.




                           Chairman of Mahindra Group, founded by his
                           father and uncle. Its Mahindra & Mahindr is India's
                           largest tractor-maker. Also has interests in hotels,
                           telecom, real estate, software and financial
                           services. Nephew Anand now in charge.

Associated Companies: Mahindra & Mahindra
Source : Forbes                                                              40
#40
Desh Bandhu Gupta

$305 million / Mumbai
67. Married. 5 Children.




                           Former chemistry teacher, borrowed $120 from his
                           wife and bought a tiny vitamin company, Lupin, in
                           1968. Now one of India's leading pharmaceuticals
                           and world leader in anti-tuberculosis drugs. Wife
                           Manju and daughter Vinita sit on board.


Associated Companies: Lupin Pharmaceuticals
Source : Forbes                                                          41
                         NOTES
• Eleven of the list made their money in technology,
  including six who were cofounders of software firm
  Infosys Technologies.
• Nine of the list owe their fortunes to pharmaceuticals.
• Thus two high-growth industries, technology and
  pharmaceuticals, account for half of India's top 40
  richest.
• Biotech pioneer Kiran Mazumdar-Shaw is the sole
  female on the list.
• Nineteen of the 40 richest started entirely from
  scratch.
• Mumbai is home to 40% of list members, others hail
  from emerging hot spots like Bangalore and Delhi.
• A minimum net worth of $305 million was considered
  to make the cut for the list.
Source : Forbes                                        42

				
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