Who are India’s ten wealthiest individuals? Given how quickly India’s economy is expanding, you may frequently wonder who the richest people in the nation are.
It should come as no surprise that Mukesh Ambani tops the list, followed by other well-known individuals like Shiv Nadar, Gautam Adani, and Savitri Jindal.
We present to you the list of the top ten wealthiest individuals in India in this post.
- Mukesh Ambani
The chairman and managing director of Reliance Industries, Mr. Mukesh Ambani, is the richest person in India. Recent financial data show that Reliance Industries made Rs1,000,122 Crore ($119.9 billion) in FY2024. The company works in a variety of industries, such as telecom, retail, oil and gas, and petrochemicals.
In order to ensure the continuous expansion and innovation of the family firm, Ambani’s three children—Akash, Anant, and Isha—play important responsibilities in overseeing different conglomerate units.
- Gautam Adani
Indian billionaire Gautam Shantilal Adani is the founder and chairman of the Adani Group. This multinational company plays a big part in building and running Indian ports. The Adani Foundation was established in 1996, and its chair is his wife, Priti Adani.
The Adani Group has business interests in a wide range of industries, including ports, airports, power generation and transmission, and green energy. Notably, Adani is recognized as India’s largest airport operator and operates Gujarat’s Mundra Port, the largest in the country.
A US-based company called Hindenburg Research accused Gautam Adani and his businesses of stock market manipulation and financial fraud in January 2023. Adani Group’s stock fell sharply when the report was released, losing more than $120 billion in market value. But when the Supreme Court decided in favor of the group a year later, the market value increased again.
- Savitri Jindal & Family
Savitri Jindal, an Indian politician and businesswoman, is the emeritus head of the OP Jindal Group. Her four sons, Prithviraj, Sajjan, Ratan, and Naveen Jindal, are in charge of the various business divisions.
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This enormous company operates in the US, Europe, Africa, India, and South America. The JSW Group’s sports division is called JSW Sports. Its goal is to actively assist the development of a flourishing sports sector in India.
- Shiv Nadar
Shiv Nadar founded the HCL Group and is a pioneer in India’s IT industry. Microsoft, Boeing, and Cisco are some of HCL’s most notable clients. In recognition of Mr. Nadar’s significant contributions to the IT sector, the Indian government awarded him the Padma Bhushan in 2008, the third-highest civilian honor in the nation.
In addition, Mr. Nadar is a well-known philanthropist. His legacy as a donor was further cemented in late 2023 when he gave Rs 2,042 crore to a variety of causes.
- Dilip Sanghvi
The well-known Indian business tycoon Dilip Shanghvi founded Sun Pharmaceutical Industries, the first pharmaceutical company in India valued at $5 billion. He expanded Sun Pharma through a series of strategic acquisitions, the most notable of which was the 2014 $4 billion purchase of competitor Ranbaxy Laboratories.
- Cyrus Poonawalla
The main benefactor of the growing sales and profits of the privately held Serum Institute of India is Cyrus Poonawalla, a leading figure in the country’s vaccine development. He is assisted in running the Pune-based institute by his son, Adar Poonawalla. The Serum Institute is proud to be the biggest vaccine maker in the world.
The extensive use of the Covid-19 vaccinations produced by the Serum Institute is partly responsible for the recent rise in Cyrus Poonawalla’s wealth. His role as a major contributor to the Nationalist Congress Party (NCP) in the 2019 elections also recently brought him into the political spotlight.
- Kumar Birla
As the leader of the Aditya Birla Group, Kumar Birla is well-known in the commodities sector. In addition to its operations in the aluminum and cement industries, the business offers financial services.
Birla resigned as Vodafone Idea’s non-executive chairman in 2021 as a result of the company’s growing debt. He was reappointed as a non-executive director in 2024. He was recently added to Vodafone Idea’s board as a director after the business made the biggest FPO in Indian history, for ₹18,000 crore. Considered a success, this action signaled the start of “Vodafone Idea 2.0,” which prioritized network improvements and the introduction of 5G.
- Radhakishan Shivkishan Damani
Radhakishan Shivkishan Damani is a well-known investor and businessman from India. He founded Avenue Supermarts Limited, which runs over 336 DMart stores across the nation. Known as India’s retail king, he started his career in Mumbai in 2002. He also exercises control over his financial activities through Bright Star Investments Limited, his company. He holds stock in India Cement and VST in addition to the Radisson Blu Resort in Alibaug.
- Lakshmi Mittal
Lakshmi Mittal is currently the Chairman and CEO of ArcelorMittal, the largest steel manufacturer in the world. In 2019, ArcelorMittal and Nippon Steel successfully acquired Essar Steel, which had been owned by Shashi and Ravi Ruia, for $5.9 billion. In 2021, Mittal handed over the CEO duties to his son, Aditya Mittal, while continuing to serve as executive chairman of ArcelorMittal. ArcelorMittal suspended production at its Kryvyi Rih facility in reaction to Russia’s recent invasion of Ukraine.
- Uday Kotak
The founder and managing director of the Kotak Mahindra Group, Uday Kotak, is a well-known figure in India. In 2020, Uday Kotak decided to decrease his stake in the bank to improve compliance and gain greater regulatory flexibility. In terms of succession planning, Uday Kotak has been getting ready for his son, Jay Kotak, to take over as the company’s head.
