New Delhi, 20 July-2014, IANS: World Bank group President Jim Yong Kim will be on…
New Delhi(web team): The country of India has 100 billionaires with a collective net worth of $175 billion. The list of billionaires has a variety of people some self-made and some inherited family businesses but all worked extremely smart to make their companies flourish. Virtually all of India’s wealthiest people and families have diversified their wealth into multiple businesses. Fast growing businesses like mobile phones and auto manufacturing and exporting are among the top reasons our billionaires obtained their wealth.
toplowridersites.com (Ambani family)
The Wealthiest man in India, Ambani is Chairman and Managing Director of Reliance Industries Limited (RIL) holding a 44.7% stake in the company. Reliance Industries Limited is a versified international holding company that specializes in energy, telecom and retail.
Mukesh Ambani received his BE degree in Chemical Engineering from the Institute Of Chemical Technology, Matunga. In 1981 Ambani was hired by his family company Reliance Industries. He was integral in the Companies transition from textiles moving the company into polyester fibres, oil refining, gas exploration and petrochemicals.
In January 2014 Mukesh Ambani and Reliance Jio Infocomm Ltd entered into the Indian Cellular business. He is spending approximately $11 billion to get the high-speed 4G network off the ground. The company currently possesses over 11,000 signal towers to compete with Vodafone Group and Bharti Airtel Ltd.
Ambani’s company RIL has come under fire as of late. According to the NY Times, A few politicians and government officials have alleged that Reliance has deliberately reduced gas production in the hope that it will be able to sell it at a high price later when the government raises its price.
#2 Lakshmi Mittal $16 Billion
Lakshmi Mittal is the Chairman and CEO of Arcelor Mittal the world’s largest international producer steel (Europe, the Americas, Asia, and Africa) specializing in bars, wires, and rods.
Mittal was born into an Indian Hindu Rajasthani Agarwal business family in Rajgarh tehsil (also known as Sadulpur) of Churu district in Rajasthan, India; states financeinvestments.com. He graduated from St. Xavier’s College, Calcutta, with a B.Com degree from the University of Calcutta.
Mittal is on the board of directors of Goldman Sachs and European Aeronautic Defense and Space Company. As of 2007 Lakshmi Niwas Mittal is also co-owner of English Premiere League futbal club Queens Park Rangers F.C. Mittal owns 33% of the team.
Lakshmi Mittal currently resides in London with his wife, he is 64 years old.
#3 Dulip Shanghvi $13.9 Billion
Dulip Shantilal Shanghvi is the founder and the managing director of Sun Pharmaceuticals the largest drugmaker in India. Businessweek states Shangvi founded Sun Pharmaceuticals Industries Ltd. in 1982 and been the Managing Director since May 2012.
Sun Pharmaceutical manufactures generic versions of drugs like Doxil and Prandrin. Aiming towards expansion Sun acquired U.S. Pharma companies Caraco in 1997 and Israel’s Taro in 2007.
Mr. Shanghvi is graduate in commerce from Kolkata University. He currently resides in Mumbai, India.
#4 Azim Premji $13.8 Billion
youth connection magazine
Azim Hashim Premji is the 4th wealthiest man born in India and the Chairman of Wimpro Limited. Premji is founder and 75% owner of Wimpro (NYSE:WIT) a global information technology, consulting and outsourcing company. Wimpro boasts 147,452 employees serving clients in 175+ cities across 6 continents. The company posted revenues of $7.3 billion for the financial year ended Mar 31, 2014.
Originally a vegetable products company, Azim Premji believed in the rapid expansion of the IT business and changed the direction of the company to manufacturing computers in cooperation with U.S.
Born in Mumbia, India Premji attended Stanford University where majored in engineering.
In 2000 he was listed among the 20 most powerful men in the world by Asiaweek. Time Magazine twice listed Premji in their top 100 most influential people issue.
#5 Pallonji Minstry $12.5 Billion
Pallonji Mistry is an Indian born construction magnate whom is the Chairman of Shapoorji Pallonji Group.
Shapoorji Pallonji Group is a Mumbia, India conglomerate that specializes in construction, real estate, textiles and biotech businesses just to name a few. Shapoorji Pallonji Group is also a major shareholders of Tata Group, a steel, beverage, communications and automotive maker.
Minstry comes from family wealth, his father. His father was an early investor in Tata Son in the 1930′s. He served as a Director of Tata Investment Corporation Ltd. until April 15, 2004.
#6 Hinduja Brothers $9 Billion
London-based brothers Srichand and Gopichand Hinduja are Co-Chairmen of the Hinduja Group. The Hinduja Group is an International umbrella company who’s subsidiaries include Ashok Leyland, Hinduja Bank of Switzerland, IndusInd Bank, and Hinduja Global Solutions.
Srichand and Gopichand were born in Shikarpur which is currently Pakistan. The beneficiaries of nepotism and hard work they were employed at their fathers textile and trading company in Mumbai, India and Tehran, Iran.
Gopichand P. Hinduja serves as Chairman of Hinduja Automotive Limited UK. He graduated from Jai Hind College, Mumbai, in 1959.
Srichand P. Hinduja serves as Chairman of Hinduja Group India Ltd.
#7 Shiv Nadar $8.6 Billion
Shiv Nadar is the founder and Chairman of HCL an IT enterprise company based in Noida, India. The company is the parent company of HCL Technologies and HCL Infosystems.
HCL has several Fortune 500 clients including Boeing, Microsoft, Cisco and UBS.
Nadar was born in Moolaiphozhi village near Thoothukudi district, Tamil Nadu in 1945.
Mr. Nadar lives with his family in New Dehli, India.
#8 Adi Godrej Family $8.3 Billion
Adi Burjorji Godrej is an Indian born industrialist and Chairman of the Mumbai based Godrej Group. Godrej Group was founded in the 1890′s by Ardeshir Godrej and Pirojsha Godrej. The company focuses largely on real estate, consumer products, industrial engineering, appliances, furniture, security and agricultural products. Godrej Group grossed $3.8 billion in sales in 2013.
Kumar Adi Godrej received his MS of MIT (Massachusetts Institute of Technology) in the U.S.
#9 Kumar Mangalam Birla
Kumar Mangalam Birla is a billionaire industrialist whom resides in Mumbai, Maharashtra, India. He is the son of Aditya Birla who died suddenly when Kumar was 28 years of age making Kumar the company President and Chairman. Kumar Birla is chairman of Aditya Birla Group (located in Worli, Mumbai, India), a diversified company that focuses mostly on metals, cements, textiles, chemicals, agribusiness.
When Kumar Birla inherited Aditya Birla Group from his father its revenues were estimated at less than 62 Billion Rupees ($1 Billion USD) now the company exceeds 2800 Billion Rupees ($45 Billion) a year making it the third largest grossing company in India.
Kumar Birla is very well educated. Birla attended University of Bombay and received a Bachelor of Commerce. He then attended Institute of Chartered Accountants of India to learn accounting and later the London Business School in London, England to earn a Masters in Business Administration.