Back
Hurun Report releases Hurun India Rich List 2017

Intro
Today Hurun Report released the Hurun India Rich List, a list of the richest people in India with a cut-off at INR 1,000 Cr. This is the sixth year of the list.

WITH 302 NEW FACES HURUN REPORT LAUNCHES ITS SIXTH EDITION OF

HURUN INDIA RICH LIST 2017

 

BETTER THAN EXPECTED CORPORATE RESULTS IN 2017 OFFSET THE IMPACT OF DEMONETISATION

 

MUKESH AMABANI’S WEALTH SHOT UP BY A STAGGERING 58% TO INR 257,900 CRORES AND RETAINS THE RICHEST INDIAN TITLE FOR THE 6TH YEAR RUNNING

 

617 INDIVIDUALS IN HURUN INDIA RICH LIST 2017 WITH A CUTOFF OF INR1000 CRORES, COMPARED TO 339 LAST YEAR

 

CUT OFF FOR THE TOP 100 HAS MORE THAN DOUBLED TO INR 8,400 CRORES SINCE 2013

 

302 NEW FACES AND 22 DROPOUTS

 

PHARMA AND FMCG HAD A STELLAR YEAR IN THE HURUN INDIA RICH LIST BY DOUBLING THE NUMBER OF ENTRANTS TO 79 AND 63 RESPECTIVELY

 

MUMBAI, DELHI AND BENGALURU ADD 78, 52 AND 23 NEW FACES RESPECTIVELY TO REAFFIRM THEIR “BIG 3 CITY STATUS” IN HURUN INDIA RICH LIST 2017

 

“FMCG SUPER YOGI” ACHARYA BALKRISHNA OF PATANJALI STORMS INTO TOP 10

 

NEWLY FORMED STATE TELANGANA HAS 38 OF ITS RESIDENTS IN THE LIST

 

NUMBER OF WOMEN IN THE LIST INCREASED BY 300% (53 ENTRIES) THIS YEAR. NUMBER OF SELFMADE WOMEN IN THE LIST QUADRUPLED FROM 2 TO 8

 

42 YEAR OLD BENGALURU BASED AMBIGA SUBRAMANIAN IS THE YOUNGEST SELF MADE WOMAN IN THE LIST. SHE SOLD HER SHARES IN MU-SIGMA, THE DATA ANALYTICS UNICORN THAT SHE CO-FOUNDED

 

THE BLOCKBUSTER LISTING OF AVENUE SUPERMARTS ADDED 8 NEW ENTRIES IN HURUN INDIA RICH LIST 2017

 

WITH 15 AND 8 NEW ADDITIONS RESPECTIVELY, CHENNAI AND KANPUR BREAK INTO TOP 10 CITIES IN HURUN INDIA RICH LIST 2017

 

40 PADMA AWARDEES IN THE HURUN INDIA RICH LIST 2017

 

22 DROPPED OUT OF THE LIST AND 4 PASSED AWAY

 

SUPPORTED BY HIS LATEST BET IN TELECOM, MUKESH AMBANI ALSO CLIMBED TO TOP 15 IN THE HURUN GLOBAL RICH LIST FOR THE FIRST TIME

 

A TOTAL OF 136 BILLIONAIRES, A RECORD NUMBER SINCE THE INCEPTION OF HURUN RICH LIST IN 2012

 

WITH WEALTH INCREASE OF 320%, RADHAKISHAN DAMANI, THE NEW RETAIL KING, OF DMART IS THE BIGGEST GAINER IN HURUN INDIA RICH LIST 2017

 

LED BY DIV TURAKHIA OF MEDIA.NET, 5 SELF MADE INVIDUALS UNDER 40

 

ALL THE UNDER 40 SELF MADE HURUN INDIA RICH LISTERS DERIVE THEIR WEALTH FROM NEW TECHNOLOGY BUSINESS

 

WITH 182 INDIVIDUALS, MUMBAI TOPS THE LIST FOLLOWED BY NEW DELHI (117) AND BENGALURU (51)

 

WITH 56 LAKH FOLLOWERS IN FACEBOOK, ACHARYA BALKRISHNA IS THE MOST FOLLOWED ENTREPRENEUR IN THE INDIAN SOCIAL MEDIA

 

 

Hurun Report India releases Hurun India Rich List 2017

 

·         Hurun Report finds 617 individuals with INR1,000 Crore or more, up 278 from last year, quadrupled from three years ago

·         On average, the wealth of Hurun India Rich Listers have increased by 17% compared to that of last year

·         Number of dollar billionaires has increased to 136 from 126 last year. The inaugural Hurun India Rich List in 2012 had 59 billionaires

 

“For every 1 entrepreneur in Hurun India Rich List 2017, we estimate that we missed 3”, said Anas Rahman Junaid, MD and Chief Researcher, Hurun Report India

 

·         40 have migrated from India and are NRIs

·         16  saw their wealth double year on year

·         Average age of the Hurun India Rich List is 60;

·         The fastest riser is Radhakishan Damani (62) of Avenue Supermarts; He registered a 3 times increase in wealth to INR 29,700 Cr

·         100 individuals saw their wealth decline.

·         Haridwar-based Acharya Balkrishna (45) of Patanjali rose to 8th position, from 25th last year, after seeing his wealth grow by 173% to INR 70,000Cr

·         Eklavya Juneja (24) of Mankind Pharma is the youngest person in the list. He owns 12% of Mankind Pharma which was founded by father Rajeev Juneja

·         Pharmaceuticals dominate with 13% of the list, followed by FMCG and Chemical & Petrochemicals with 10% and 6% respectively

·         A record high of 50% of Hurun India Rich List 2017 are self-made and are generated by family businesses. Average age of self made Hurun India Richlisters is 62

·         Hurun India Rich List has eight self-made women this year, compared to two in last year

·         34 in the list under the age of 40; 28 in the under 40 inherited their wealth

·         7 individuals in Hurun India Rich List 2017 has ownership in IPL teams and 4 in ISL teams

·         This year, we split the wealth of Pallonji Mystry among his sons Cyrus and Sharpoor equally. The Mystry brothers own 18.38% stake in Tata Sons through two investment companies Cyrus Investments and Sterling Investment which owns 9.19% stake each. Both the investment companies are equally owned by Cyrus Pallonji Mistry and Shapoor Pallonji Mistry.

·         The combined wealth of India’s richest is a staggering US$640bn, equating to 1/4thof India’s GDP last year and similar to the GDPs of Switzerland ($660bn), and combined GDP of South Africa ($317bn) & Israel ($340bn).

·         Leading Authority on India’s private wealth, Hurun Report launches the India Rich List for the sixth time

·         “The Richest Horoscopes” - Those born in Capricorn, Taurus and Cancer produced most number of individuals in the rich list and Aquarius the least!!!

 

HURUN INDIA RICH LIST 2017

 

MUMBAI, 25 September 2017: Today Hurun Report released the Hurun India Rich List, a list of the richest people in India with a cut-off at INR 1,000 Cr. This is the sixth year of the list, which has become a benchmark for the private sector and has become widely accepted to be the most robust attempt at covering entrepreneurship in India. Wealth calculations are a snapshot of networth of living individuals as of 31st July, 2017 when the rate of exchange to the US dollar was INR 64.1

 

Stock Markets Performance

 

Bombay Stock Exchange (BSE) Sensex went up by 16.1% as on July 31, 2016 to 32,514 on July 31, 2017. For the year under review, BSE Mid Cap (16.4%) and BSE Small Cap Index (2.72%) outperformed the benchmark index. Sensex also outperformed compared to Global indices NYSE (10.5%) and DAX (13.7%). Currently, Indian stock market seems to be trading at an expensive valuation of 23.3x compared to last year’s 19.6x.

 

“The market capitalization of all listed companies is now equivalent to 84% of India’s nominal GDP which is the highest in emerging markets. This year, we have expanded the list to highlight the success stories of some of the emerging entrepreneurs” says Anas Rahman Junaid, Hurun Report India, Managing Director and Chief Researcher.

 

“The total number of rich list entrants increased 6 times since we launched the list six years ago; a good indication that Indian entrepreneurs are coming of age with global ambitions” says Rupert Hoogewerf, Hurun Report Global, Chairman and Chief Researcher.

 

Indian currency depreciated by 3% versus USD during the period under review.

 

With networth of INR 257,900 Crore Mukesh Ambani (60), the business magnate, ranked first in the list for the sixth consecutive year. Share price of Reliance industries hit nine year high in July 2017. Over the last one year, Reliance Industries shares have gained over 1% every seven days, rising by 56% in 52 weeks. His wealth is 50% more than the GDP of the country of his birth – Yemen.

 

“It is rare to find a country with such a dominant richest person (Mukesh Ambani) whose wealth is thrice more than that of the no.2 in the list. We have never seen such a wide margin between the richest and the second richest in big countries that include USA, China, UK, Russia and so on”, said Rupert Hoogewerf, Chairman and Chief Researcher, Hurun Report Global

 

With a networth of INR 89,000 Crore, Dilip Shanghvi (61) of Sun Pharma retains the second place despite shares of his flagship company going down by 36%. FDA USA put Sun Pharma under scanner after having noted regulatory breaches – as situation that led to barring new product approvals.

 

The Steel Baron, Lakshmi Niwas Mittal (67) secures third position for the first time with a networth of INR 88,200 Crore due to an uptick in steel prices and demand. Recently he also got a reprieve from import tariffs on steel imposed by the US and Europe and a one-time $832 million saving from a new labor contract signed last year with his US workers.

 

With networth of INR 85,100 Crore, Shiv Nadar (72), the founder and chairman of HCL, the fourth largest software service has acquired Broomfield, Colorado-based mortgage business process and fulfilment service providing company, Urban Fulfilment Services for $30million in August 2017. HCL has introduced innovative hiring procedures, where the company hire and train students straight out of high school – a first of its kind initiative amongst the large cap companies.

 

Founder of multi-billion dollar IT giant Wipro, Azim Premji (72) registered a fortune of INR 79,300 Crore. He founded the Premji Invest in 2006 and is a private equity fund that manages almost US$2bn of his personal wealth by investing in capital markets and also by picking up minority stakes in start-ups across India, the US and China.

 

Table 1: Hurun India Rich List 2017 – Top 10

 

Rank

Name

Wealth INR Crore

Change

Company

Age

Residence

1-

Mukesh Ambani

257,900

58%

Reliance

60

Maharashtra

2­-

Dilip Shanghvi

89,000

-27%

Sun Pharma

61

Maharashtra

3

LN Mittal

88,200

32%

ArcelorMittal

67

London

4

Shiv Nadar

85,100

16%

HCL

72

Delhi

5

Azim Premji

79,300

6%

Wipro

72

Karnataka

6

Cyrus S Poonawalla

71,100

-9%

Serum Institute of India

76

Maharashtra

7*

Gautam Adani

70,600

66%

Adani Enterprises

55

Gujarat

8*

Acharya Balkrishna

70,000

173%

Patanjali Ayurved

45

Uttarakhand

9­-

Uday Kotak

62,700

21%

Kotak Mahindra Bank

58

Maharashtra

10-

Sunil Mittal & Family

56,500

12%

Bharti Airtel

59

Delhi

↑ Rank increase yoy ↓ Rank decrease yoy - No Rank change yoy * New to Top 10 

Source: Hurun India Rich List. For more details visit www.hurunindia.net

 

With networth of INR 71,100 Crore, Billionaire Cyrus S Poonawalla (76) of Serum Institute secures the sixth position in the Hurun India Rich List. He is investing $150 million in a new factory to make a range of vaccines, including for dengue and pneumonia. Poonawalla recently contributed $2.5 million for a hospital named after his late wife, which focuses on the under privileged children and adults.

 

With networth of INR 70,600 Crore, Port Tycoon, Gautam Adani (55) Chairman of Adani Group made the highest investment commitment of INR 49,000 Crore in Gujarat which would create direct and indirect job opportunities for 25,000 people. This wealth increase is despite a strong controversy he faced from an environmental campaign that was launched to stop the development of Adani Group’s $16.5 billion coal mine in Queensland.

 

Acharya Balkrishna (45), CEO of Patanjali is now officially part of India Rich List Top 10 and has secured a second place in Indian FMCG market share in under 5 years. The company, with a turnover of INR 10,561 crore in 2016-2017 has been a close competition to major international brands. He owns close to 94 % of Patanjali Ayurved and is the brain behind the admirable growth of Patanjali as a consumer brand.

 

Banker Uday Kotak (58), the managing director of Kotak Mahindra Bank, has a networth of INR 62,700Crore. The board of the Kotak Mahindra Bank decided to raise over INR 5,300Crore by diluting 3.3 % of the promoters holding, for pursuing a host of opportunities, including consolidation.

 

Indian telecom magnate, Sunil Mittal (59), the founder and chairman of Bharti Airtel has a networth of INR 56,500 Crore. Mittal recently signed the agreement to acquire Telenor’s Indian and bought additional 4G spectrum to fight off the mighty rival. He launched the Airtel Payment Bank (APB), a joint venture with Kotak Mahindra Bank and has committed INR 3,000 crore to develop a pan-India banking network and digital payments ecosystem.

 

The Richest Indian families

 

More than 50% of Indian business listed in the rich list is run by families. This year, Hurun Report has split the families based on available ownership information.

 

Table 2: The top 5 Richest Indian families

 

 

Rank

Name of Family

Members

Wealth 2017 (INR Cr)

 

 

Generation

Prominent Person of the Family

1

Godrej

5

1,89,135

3

Adi Godrej

2

Hinduja

4

97,328

2

SP Hinduja

3

Adani

2

86,275

1

Gautam Adani

4

Damani

9

51,779

1

Radhakishan Damani

5

Burman

6

43,426

4

Anand Burman

Source: Hurun Research Institute. For more details visit www.hurunindia.net

 

Where they live.


Mumbai registered an increase of 78 individuals in the rich list and Delhi added 52. With 182 individuals, Mumbai is the capital for India’s super-rich, followed by New Delhi (117) and Bengaluru (51). With 26 new entrants, Ahmedabad breaks into top 5. With 22 and 11 India Rich Listers, Chennai and Kanpur respectively breaks into top 10 cities of residence for Hurun India Rich Listers.

 

There are 18 new cities in this year’s list compared to last year. Chennai and Kanpur have performed well this year with a 35% and 27% increase in number of India Rich Listers respectively and have reserved spot amongst the Top 10 cities this year. Interestingly, Udaipur has 3 Indian Rich Listers, Vadodara has 2, and Kanchipuram and Faridabad has 1 Indian Rich Lister in Hurun India Rich List 2017.

 

With 214 and 117 entrants respectively, Maharashtra and Delhi are the preferred states of residence for Hurun India Rich Listers. It is interesting to note that in the Hurun India Rich List 2017, 23 individuals have migrated into Maharashtra, 22 to Delhi and 13 to Karnataka to set up and establish their businesses.

 

Table 3: Geographical spread of Hurun India Rich List 2017

 


City of Residence

Rich List Entries

Richest Individual 2017



State of Residence

Rich List Entries

Richest Individual 2017

1-

Mumbai

182

Mukesh Ambani


1

Maharashtra

214

Mukesh Ambani

2-

New Delhi

117

Shiv Nadar


2

Delhi

117

Shiv Nadar

3-

Bengaluru

51

Azim Premji


3

Karnataka

55

Azim Premji

4-

Hyderabad

36

PV Ramaprasad Reddy


4

Telangana

38

PV Ramaprasad Reddy

5

Ahmedabad

26

Gautam Adani


5

Gujarat

36

Gautam Adani

6

Kolkata

23

Benu Gopal Bangur


6

Tamil Nadu

30

Kalanithi Maran

6-

Pune

23

Cyrus S Poonawalla


7

West Bengal

23

Benu Gopal Bangur

8*

Chennai

22

Kalanithi Maran


8

Uttar Pradesh

16

Yadupati Singhania & Family

9

Dubai

12

Micky Jagtiani


9

Kerala

13

Joy Alukkas

10*

Kanpur

11

Yadupati Singhania & Family


10

Haryana

6

Savitri Jindal & Family

11#

London

10

LN Mittal


11

Rajasthan

5

Kailashchandra Nuwal

12#

Cochin

7

George Alexander Muthoot & Family


12

Madhya Pradesh

4

Dilip Suryavanshi

13#

Coimbatore

6

P.Nataraj, KPD Sigamani & KP   Ramasamy


12

Punjab

4

SP Oswal

14#

Singapore

5

Shyam Bhartia


14

Bihar

3

Ravindra Kishore Sinha & family

15#

Abu Dhabi

4

Yusuffali MA


15

Jharkhand

2

Mukund Rungta

15#

Aurangabad

4

Anurang Jain & family






15#

Bhopal

4

Dilip Suryavanshi






15#

Gurgaon

4

Nirmal Kumar Minda






15#

Noida

4

Sunita Gupta & Rita Kumari






15#

Rajkot

4

Bhikhabhai Popatbhai Virani






15#

Surat

4

Savji Dholakia & family






 

↑ Rank increase yoy ↓ Rank decrease yoy - No Rank change yoy * New to Top 10    # New to Top 20

Source: Hurun Research Institute. For more details visit www.hurunindia.net

 

UAE, UK & USA are the preferred countries for migration

There are 40 immigrants in Hurun Indian Rich List 2017. 64% of them are self made. With 14 individuals, UAE is the most preferred destination for immigration, followed by 10 in UK and 8 in USA. With INR 88,200 crore, LN Mittal of ArcelorMittal is the wealthiest immigrant into UK. With a fortune of INR 31,900CR, M.A Yusuf Ali is the wealthiest immigrant into UAE.

 

Table 4: Hurun India Rich List 2017 – Richest Non-Resident Indians

 

 No

Names

Wealth

(INR Crore)

City

Company

Age

1

LN Mittal

88,200

London

LN Mittal

67

2

Yusuffali MA

31,900

Abu Dhabi

Emke

61

3

Vivek Chaand Sehgal

27,000

Melbourne 

Motherson Sumi System

60

4

SP Hinduja

24,300

London

Hinduja Group

81

4

GP Hinduja

24,300

London

Hinduja Group

77

4

PP Hinduja

24,300

Geneva

Hinduja Group

72

7

Sunny Varkey

17,900

Dubai

Gems Education

60

8

Anil Agarwal

17,300

London

Vedanta Resource

64

9

BR Shetty

17,300

Abu Dhabi

NMC

75

10

Rakesh Gangwal

16,100

Mclean

Interglobe Aviation

64

Source: Hurun Research Institute. For more details visit www.hurunindia.net

 

Gainers


The biggest gain registered was a 321% increase by Radhakishan Damani (62), Chairman of Avenue Supermarts followed by Anurang Jain & family (55), the Managing Director of Endurance Technologies with a wealth increase of 286%.

 

The top three in the biggest gainers list are backed by the IPO performance of their companies. For instance, Radhakishan Damani’s wealth increase was backed by the IPO of Avenue Supermarts, which runs the D-Mart brand of stores in the supermarket chain. The shares of Avenue Supermarts were listed at a premium of 102% and rallied further 43% as on 31 July 2017.

 

IPO of auto component maker Endurance Technologies resulted in 286% increase in the wealth of Anurang Jain in 2017.

 

Another notable performer was Kishore Biyani of Future Retail who registered a 259% wealth increase. Merger of Future Retail and Bharti Retail created the biggest supermarket chain with a turnover of INR 15,000 crore and its subsequent relisting resulted in significant wealth creation for Biyani.

 

 

Table 5: Hurun India Rich List 2017 – Biggest Gainers

No 

Name

Wealth (INR Crore)

% Change

Company

Age

Industry

1

Radhakishan Damani

29,700

321%

Avenue Supermarts

62

Retail

2

Anurang Jain &   family

11,500

286%

Endurance   Technologies

55

Automobiles &   Auto Components

3

Kishore Biyani

17,200

259%

Future Group

57

Retail

4

Adani Vinodbhai   Shantilal

15,700

200%

Adani Enterprises


Diversified

5

Ajay Piramal

42,700

186%

Piramal Enterprise

67

Pharmaceuticals

Source: Hurun Research Institute. For more details visit www.hurunindia.net

 

Young and Rich!

 

All the young entrepreneurs under 40 in Hurun India Rich List 2016 are active in their respective businesses

  • The youngest      person on the list is Eklavya Juneja (24) of Mankind Pharma

  • The oldest is Keshub      Mahindra (94) of Mahindra & Mahindra

 

All the under 40 entrepreneurs in Hurun India Rich List 2017 derive their wealth from innovative technological ventures. Divyank Turakhia bootstrapped his company media.net without external funding. Rest of the entrepreneurs raised money from some of the top international funds.

 

“These self made entrepreneurs symbolize the new age startup entrepreneurs from India. Their success stories will further garner active international investments into Indian startup ecosystem,” said Anas Rahman Junaid, MD and Chief Researcher, Hurun Report India

 

Table 6: Hurun India Rich List 2017 – Self-made under 40


S.No

Name

Age

Wealth   (INR Crore)

City

Company

Industry

 

Notable   Investors

1

Binny   Bansal

34

5,400

Bengaluru

Flipkart

e-commerce

SoftBank,   Microsoft, Tencent

2

Divyank   Turakhia

35

11,500

Dubai

Media.Net

Media   Tech

Self   funded

3

Sachin   Bansal

36

5,400

Bengaluru

Flipkart

e-commerce

SoftBank,   Microsoft, Tencent

4

Vijay   Shekhar Sharma

39

9,000

New Delhi

Paytm

Fin Tech

Alibaba

5

Byju   Raveendran

39

1,000

Bengaluru

Think and   Learn

Edu Tech

Chan   Zuckerberg Intiative, Tencent

   Source: Hurun Research Institute. For more details visit www.hurunindia.net

Women in the India Rich List increased by 300% from 15 to 53 this year

8.6% of the list are women of which 8 are self-made. The richest women are Savitri Jindal, 66, of OP Jindal Group with INR 46,500 crore, followed by Smitha V Crishna of Godrej, Indu Jain chairperson of Time Group. The richest self-made woman in India is biotechnology queen Kiran Mazumdar-Shaw of Biocon with INR 15,400 crore. Average age of women in the list 56.

 

Table 7: Hurun India Rich List 2017 – Richest self-made Women in India

 

 NO

Name

Wealth

Age

 Company

Location

Industry

(INR Cr)

1

Kiran Mazumdar-Shaw

15,400

64

Biocon

Bengaluru

Pharmaceuticals

2

Vembu Radha

4,500

44

Zoho   Corp

Chennai

Software & Services

3

Sheela Gautam

2,600

85

Sheela   Foam

New Delhi

Consumer Durables

4

Ambiga Subramanian

2,500

42

Mu   Sigma

Bengaluru

Software & Services

5

Shakuntala Shetty

2,100

55

Narayana   Hrudayalaya

Bengaluru

Healthcare

6

Prabha Arora

1,700

69

Mankind   Pharma

New Delhi

Pharmaceuticals

7

Urrshila Kerkar

1,400

51

Cox   & Kings

Mumbai

Tourism

8

Gundavaram Vanaja Devi

1,200

64

Kaveri   Seed

Hyderabad

Others

Source: Hurun Research Institute. For more details visit www.hurunindia.net

 

Industry analysis

 

At a sectorial level, Pharma / Healthcare (-12.8%) and IT (-5.1%) underperformed among the sectorial indices. All the others performed with at least 15% return – the biggest gainer was realty with a 36.3% return year to date. Indian drug makers are facing pricing pressures and greater regulatory scrutiny in their largest market, the US.

 

“Demonetization, GST implementation and so on have not impacted wealth creation in organized sector; infact, going by the trend in the list, the aforementioned factors seems to have positively impacted the mega rich and their companies. Despite a solid performance of the corporates, a declining trend in national GDP growth points to impact of such schemes on the unorganized sectors”, said Anas Rahman Junaid, MD and Chief Researcher, Hurun Report India.

With 79 individuals, Pharmaceuticals leads the list with Dilip Shanghvi as the richest individual with fortune of INR 89,000 Crore. It is followed by FMCG with 63 individuals and Chemicals & Petrochemicals with 38 individuals. Other industries that had a good year include Consumer Durables, Automobiles & Auto Component and Construction & Engineering.

 

BSE Realty index have surged on positives such as RERA and affordable housing initiatives by the Modi government. Consumer Durables gained over 32.7% on timely GST developments and rollout.  Banking and Financial sectors gained with RBI stepping in to solve the NPA issues.

 

Kushal Pal Singh (86) of DLF is the richest real estate billionaire in the list with a wealth of INR 27,400 crore. Mangal Prabhat Lodha (61), founder of Lodha Group is the richest private real estate developer in the list with a wealth of INR 18,500 crore followed by Jithendra Virwani (51) of Embassy Property Developments with INR 17,600 crore.

 

“Formalization of Jewelry sector with 3% GST compared to 2% tax earlier has benefited the large and organized players and has further streamlined the industry value chain” says Anas Rahman Junaid, Hurun Report India, Managing Director and Chief Researcher.

 

New Energy India Rich Listers: Tulsi Tanti of Suzlon Energy is the top green energy Hurun India Rich Lister with INR 2,300 crore followed by Anil Chaudhary & family of Kolkata based Vikram Solar with a net worth of INR 1,000 crores.

 

Pharma is still the king!

The industries that added the most number of new entrants to the list were pharmaceuticals, FMCG, Construction & Engineering and Automobiles & Auto Components. Almost all the industries added 50% more individuals than last year. Capital Goods, Construction Materials, Retailing and Transportation broke into top 10 for the first time since the inception of Hurun India Rich List 2017.

 

Table 8: Hurun India Rich List 2017 – Industry breakdown

No. 

Industry

% in the list

2017% increase in   the number of Hurun Rich Listers

Richest individual

Wealth (INR Cr)

1-

Pharmaceuticals

13%

110%

Dilip Shanghvi

89,000

2-

FMCG

10%

67%

Acharya Balkrishna

70,000

3-

Chemicals & Petrochemicals

6%

81%

Ashwin Dani

25,900

4-

Consumer Durables

6%

50%

Adi Godrej

37,800

5

Automobiles & Auto Components

6%

100%

Vikram Lal

44,200

6

Construction & Engineering

6%

140%

Ravi Pillai

13,600

7

Software & Services

5%

114%

Shiv Nadar

85,100

8

Financial Services

5%

56%

Uday Kotak

62,700

9*

Capital Goods

4%

200%

Balkrishan Goenka

9,400

10

Realty

4%

110%

Kushal Pal Singh

27,400

↑ Rank increase yoy ↓ Rank decrease yoy - No Rank change yoy * New to Top 10

Ranking based on total number of entries from each industry

Source: Hurun Research Institute. For more details visit www.hurunindia.net

 

For a snapshot of the industry that added most number of new entries, refer the table below.

 

Table 9: Industry producing most number of new entrants

 

Industry

 new Addition

Richest New Entrant

Wealth (INR Cr)

Company

Pharmaceuticals

43

B Vamsi   Krishna

9,200

Hetero   group

FMCG

28

Saket   Burman, V C Burman

7,400

Dabur

Construction   & Engineering

21

Kanubhai   Mafatlal Patel & family

2,300

Montecarlo

Automobiles   & Auto Components

18

Renu   Munjal

7,000

Hero   Motocorp

Capital   Goods

17

Surjit   Kumar Gupta

5,700

Havells   India

Chemicals   & Petrochemicals

17

Narendrakumar   Kalyanji Parekh

5,000

Pidilite   Industries

Source: Hurun Research Institute. For more details visit www.hurunindia.net

 

Pharmaceuticals

Despite the underperformance of Pharma sector, it still contributes the highest to the list with 79 entries that includes16 billionaires. In 2017, the sector witnessed a 9% growth in cumulative wealth compared to 17% in 2016. But growth in per capita wealth for pharma entrepreneurs in the list declined by 50% mainly on account of wealth split and a lackluster financial performance of some of the major listed and private companies. For instance, wealth of Dilip Sanghvi, the top pharma billionaire declined by INR 32,400 crore to INR 89,000 crore due to poor performance of Sun Pharma in bourses.  

 

FMCG

63 individuals derived their wealth from the FMCG sector and contributed 28 new entrants and 15 billionaires to this year’s list. This sector witnessed a 45% increase in wealth compared to 14% in last year. With 173% increase in wealth, Acharya Balkrishna of Patanjali Ayurved marks his entry to the top 10 list. Chandra Mohan RG of Hatsun Agro also registered an increase of 123% backed by stellar performance of his company’s share price

 

Chemicals & Petrochemicals

Indian chemical industry ranks 12 in the world by volume of production and have contributed 38 entrants to the list. Ashwin Dani, Abhay Vakil and Ashwin Choksi, founders of Asian paints, India’s largest paint manufacturer top the chemical entrepreneurs rich list. The sector contributes 17 new entrants to the list of which 9 are self-made.

 

Consumer Durables

Consumer Durable sector registered a 77% increase in cumulative wealth and is the best performing sector for 2017. It contributes 37 entrants to list, one less than chemical (38) and one more than Automobile (36). Godrej family leads the consumer durable sector with a cumulative wealth of INR 189,100 crore.

 

Automobiles & Auto Components

Automobile sector grew 53% year on year and has contributed 36 individuals to the list with 12 billionaires. Vikram Lal of Eicher Motors leads the sector with a wealth of INR 44,200 crore followed by Rahul Bajaj of Bajaj Auto and Vivek Chaand Sehgal of Motherson Sumi System with wealth of INR 43,900 crore and INR 27,000 crore respectively.

 

Ecommerce in India

 

Online sales are nearly flat in 2016, after tripling in 2015 and doubling in 2014.  The founders of ecommerce companies have shifted their focus from sales to profits by ceasing subsidised unprofitable sales and concentrated on limiting their losses dented overall sales. Some of the major companies accepted investment based on valuations significantly below their peaks, are now the new normal.

 

Of India’s 1.2bn population, and only a small portion of 1/5th are shopping online. This is a good opportunity for ecommerce companies. Heavily funded Amazon and Alibaba has resulted in a “bloodbath” in Indian ecommerce. For instance, SnapDeal which had valuation of US$6bn at its speak was struggling to achieve a US$1bn valuation in 2017. This year entrepreneurs such a s Kunal Bahl (SnapDeal), Bhavish Aggarwal (Ola) are some of the famous entrepreneurs who have been knocked out of the Hurun India Rich List 2017 list due to the current ecommerce market competition.

 

Real estate and jewelry after demonetisation

Real estate is the best performing sector in 2017, with the index returning 36.3% return – possibly because buyers deferred their purchase decision and not discard it due to demonetisation. Performance of the sector is against the general perception that real estate would be the most affected sector  on contrary  BSE Realty index fared a whopping  48% return after demonetization.  Post demonetization, there has been an increased transparency in the purchase and payment system of property.  On February 2017 government announced infrastructure status to affordable housing to encourage investment in this segment and offered tax sops to developers sitting on completed but unsold inventories.

 

India consumes almost all the gold it imports and last year demand was 666 metric tons which is higher than the entire gold reserve of the European Central Bank. Demonetisation and introduction of GST accelerated the gradual shift of customers from the unorganised sector that accounts 78% of the retail gems and jewelry market to the organised sector. On August 2017, Prevention of Money Laundering Act (PMLA) was applied to the gems and jewelry sector after demonetisation; it was a fallout of income-tax raids on jewelers soon after demonetisation in last November, when it was found that they sold gold and jewelry at a huge premium and accepted old currency notes as payment.

 

Notable Philanthropic Donations in Hurun India Philanthropy List 2016:


·         Mukesh Ambani, donated INR 303 Cr towards healthcare. He channelizes his philanthropic initiative through Reliance foundation, his philanthropic arm. The primary aim of the foundation is to promote sustainable growth in India. Besides healthcare, his philanthropic interests include social & rural development and education.

·         Vaccine billionaire, Cyrus S Poonawalla, who set up Serum Institute has donated INR 250 Crores. The funds raised are used for his philanthropic work, including setting up educational institutes and hospitals. His vision “Health for all with affordable vaccines” is revolutionizing the world saving millions of children around the world.

·         Ajay Piramal donated INR 111 Crores through his philanthropic initiative through Piramal Foundation. It includes activities for education (PFEL), health care (Swasthya), water purification (Sarvajal), rural development (Udgam) and Women Empowerment (Piramal Udgam)

·         Rakesh Jhunjhunwala has pledged INR 5,000 Crore for the welfare of the society. He is often referred to as the India’s Warren Buffet. A big supporter of various Non-Profit organizations and education trusts including Agastya and Ashoka University.

·         An Indian diamantaire and philanthropic social activist, Laljibhai Patel, has pledged a donation of INR 200 Crore for the welfare of 10,000 girls of the Patidar community. He said an amount of INR 2 Lakh would be transferred to the second daughter born in the Patidar community when they would attain 21 years of age.


 

Table 10: Hurun India Rich List 2017 - Self-Made Degree 

Self-Made Degree

No Of Individuals

Richest Individual

Company

Age

Wealth INR Cr.

5

41

Shiv   Nadar

HCL

72

85,100

4

267

Dilip   Shanghvi

Sun   Pharma

61

89,000

3

286

Mukesh   Ambani

Reliance

60

257,900

2

10

Anil   Ambani

ADA   Reliance

58

26,800

1

13

Savitri   Jindal & Family

JSW Steel

67

46,500

       Source: Hurun Research Institute. For more details visit www.hurunindia.net

 

Hurun Report continued its Self-Made Scorecard, measuring the degree to which billionaires are inherited or self-made. The scorecard is out of five, where 1 is inherited and not active in business, and 5 is self-made without help from parents.

 

Self-made with a little help from parents was the most common route to becoming a billionaire, featuring 51% of the list.  Second was self-made without help from parents, making up 9% of the list. Third was inheriting a business and growing it into a much bigger entity, with 38% and only one person was Self-Made Degree 1.

 

Entrepreneurs appreciated by the government of India

 

40 are Padma awardees, of which four are women. BVR Mohan Reddy of Cyient has awarded Padma Shri in 2017.

 

There is no one in Hurun India Rich List 2016 who has received the highest civilian award, “Bharat Ratna”. 7 individuals hold either of the two awards. For instance Kiran Mazumdar Shaw of Biocon and Devi Prasad Shetty of Narayana Hrudayalaya holds both Padma Shri and Padma Bhushan. Pratap reddy of Apollo Hospitals and Ratan Tata of Tata Sons holds both Padma Vibhushan and Padma Bhushan.

 

Table 11: Hurun India Rich List 2017 – Padma awardees


Award

Number

Richest

 Company

Wealth (INR Cr.)

1

Padma Vibhushan

6

LN Mittal

ArcelorMittal

88,200

2

Padma Bhushan

19

Azim Premji

Wipro

79,300

3

Padma Shri

22

Dilip Shanghvi

Sun Pharma

89,000

Source: Hurun Research Institute. For more details visit www.hurunindia.net

 

Table 11.1: Hurun India Rich List 2017 – Padma awardee details

 

Padma Award

Name

Company

Year

 

Vibhushan   & Bhushan

Prathap   Reddy

Apollo   Hospitals

2010/1991

Ratan   Tata

Tata   Sons

2008/2000

Azim   Premji

Wipro

2005/2011

Vibhushan   & Shri

NR   Narayana Murthy

Infosys

2000/2008

Vibhushan

LN   Mittal

ArcelorMittal

2008

Prithvi   Raj Singh Oberoi

East   India Hotels

2008

 

Bhushan   & Shri

Kiran   Mazumdar-Shaw

Biocon

2005/1989

Naresh   Trehan

Medicity

1991/2001

Devi   Prasad Shetty

Narayana   Hrudayalaya

2012/2004

 

 

 

 

 

 

 

 

 

Bhushan

Azim   Premji

Wipro

2011

Shiv   Nadar

HCL

2008

Sunil   Mittal

Bharti   Airtel

2007

Indu   Jain

Bennett   Coleman

2016

Kushal   Pal Singh

DLF

2010

Rahul   Bajaj

Bajaj   Auto

2001

Adi   Godrej

Godrej

2013

Jamshyd   Godrej

Godrej

2003

Baba   Kalyani

Bharat   Forge

2008

Yusuf   Hamied*

Cipla

2005

S   Gopalakrishnan

Infosys

2011

Analjit   Singh

Max   India

2011

Nandan   Nilekani

Infosys

2006

Swraj   Paul

Caparo   Group

1983

 

 

 

 

 

 

 

Shri

Dilip   Shanghvi

Sun   Pharma

2016

Cyrus   S Poonawalla

Serum

2005

Yusuffali   MA

Emke

2008

Ravi   Pillai

RP

2010

Sunny   Varkey

Gems   Education

2009

Mallika   Srinivasan

TAFE

2014

BR   Shetty

UAE   Exchange

2009

Karsanbhai Patel

Nirma  

2010

Azad   Moopen

DM   Healthcare

2011

Anu   Aga

Thermax  

2010

Jawaharlal   Gangaramani

Al   Fara

2010

Naresh   Trehan

Medanta   Medicity

1991

Shobhana   Bhartia

Hindustan   Times

2005

Arvind   Lal

Dr.   Lal PathLabs

2009

Rajinder   Gupta

TridentGroup

2007

Irshad   Mirza

Mirza   International

2010

AVS   Raju

Nagarjuna   Construction

2010

DVS   Raju

Gangavaram   Port

2001

Source: Hurun Research Institute. For more details visit www.hurunindia.net

 

Largest public traded companies

 

Of the publicly traded companies on the list, Mukesh Ambani’s Reliance has the highest valuation of INR 524,780 Cr (contributing 5.35% to the NIFTY index), followed by Tata Consultancy Services (owned by the Tata family) with INR 477,343 Cr and Infosys INR 232,290 Cr. Kotak Mahindra & Bharti Airtel with market cap of INR 194,110 and INR 167,011 Cr respectively.

 

Fortune 500: In addition to Reliance and Tata Motors, Rajesh Exports, the flagship company of Rajesh Mehta, is the only other private company in India to feature in Fortune 500.

 

This year’s Hurun India Rich List reveals some interesting nuggets of information

 

·         Anand Mahindra (62) of M&M invested INR  100,000 in Kotak Group in November 1985, is now worth INR 1,400 crore - a compounded growth rate of 40 per cent over the past 32 years

·         Kishore Biyani has co-authored one of the most popular business books in India till date. He co-authored this book which has sold more than 100,000 copies.

·         The new top 10 entrant Acharya Balkrishna of Patanjali Ayurved has published 41 research papers on Yoga and Ayurveda. His work station doesn’t have a computer

·         B.R. Shetty will invest INR 1,000 crore to produce the costliest ever Indian film titled The Mahabharata, most expensive non English language film.

·         As a 16-year-old high school student in 1998, Divyank Turakhia founded Media.net with a US$600 investment. He became a millionaire at 18 and its valuation cross US$100 mn when he was 23.

Table 12: Money in Sports!


Name

Indian Premier League Team

Name

Indian Super League Team

Mukesh Ambani

Mumbai Indians

Sanjiv Goenka

Atlético de Kolkata

G M Rao

Delhi Daredevils

JSW Group

Bengaluru FC

Kalanithi Maran

Sunrisers Hyderabad

Venugopal Dhoot

FC Goa

N Srinivasan

Chennai Super Kings

Kapil Wadhawan

FC Pune City

Burman Family

Kings XI Punjab

Dheeraj Wadhawan

FC Pune City

Ness Wadia

Kings XI Punjab



Karan Paul

Kings XI Punjab



Source: Hurun Research Institute. For more details visit www.hurunindia.net


Apart from those mentioned above, Hurun India Rich Listers have interest in other professional leagues such as Pro Kabaddi League and English Premier League. For Instance GM Rao owns UP Yodhas and Gautham Adani Owns Gujarat Fortune Giants in Pro Kabaddi League. Anuradha Jitendra Desai of Venky’s owns Blackburn Rovers F.C. and LN Mittal owns Queens Park Rangers F.C. in English Premier League.

 

Table 13: The Obituary – Hurun Indian Rich List 2017

 

Name

Company

Age at the time of death

Networth 2016    (INR Crore)

Desh   Bandhu Gupta

Lupin

78

25,300

Ramesh   Agarwal

DB Corp

71

5,300

Amarchand   Ramji Gala

Navneet Education

85

2,500

Ramasubrahmaneya   Rajha

Ramco Cements

80

2,600

Source: Hurun Research Institute. For more details visit www.hurunindia.net


Wealth of Ramesh Agarwal was inherited equally to his sons Pawan Agarwal, Girish Agarwal and Sudhir Agarwal.


Stats: Record Highs


·         Cut-off to make the list was INR 1000 Cr, with a record high of 617 individuals, up from 278 last year and 66 the year before.

·         The number of dollar billionaires has jumped to a record high too, with 136 individuals, up 10 from last year.

Table 14: Table analyzing the cut off and the number of entrepreneurs in Hurun India Rich List

 

Year

Cut-off

INR Cr

No. of people

in the list

No. of
  $ billionaires



2012

1600

100

59


2013

1800

141

63


2014

1800

230

109


2015

1600

296

124


2016

1600

339

126


2017

1600

426

136


2017

1000

617

136


Source: Hurun Research Institute. For more details visit www.hurunindia.net


Cut-off (in INR Cr)


Table 15: Table analyses the cut-off required for Top 10, 50 and 100



2017 INR Cr

2016 INR Cr

2015 INR Cr

2014 INR Cr

2013   INR Cr

Top 10

56,500

50,400

47,000

44,000

46,600

Top 50

17,600

14,900

15,100

11,500

7,600

Top 100

8,400

7,600

7,900

6,500

3,800

Source: Hurun Research Institute. For more details visit www.hurunindia.net

 

Table 16: Companies that produced the highest number of individuals on the list

 

Company Name

No. of individuals

Avenue   Supermarts

9

Macleods   Pharmaceuticals

7

Infosys

7

Amalgamation  Group

6

Dabur

6

     Source: Hurun Research Institute. For more details visit www.hurunindia.net

 


 

Table 17: Key Star Signs in Hurun India Rich List 2017

 

Rank

Birth Month

Total contribution to the list%

Richest person

Wealth INR Cr

1

Capricorn

9.9%

Smitha V Crishna

37,800

2

Taurus

9.7%

Cyrus S Poonawalla

71,000

3

Cancer

9.4%

Shiv Nadar

85,100

4

Scorpio

8.9%

Yusuffali MA

31,900

4

Aries

8.9%

Mukesh Ambani

257,900

6

Leo

8.7%

Azim Premji

79,300

7

Pisces

8.0%

Uday Kotak

62,700

7

Libra

8.0%

Dilip Shanghvi

89,000

9

Virgo

7.8%

Shapoor Pallonji   Mistry

49,300

10

Gemini

7.7%

LN Mittal

88,200

11

Sagittarius

6.6%

Subhash Chandra

32,800

12

Aquarius

6.4%

Vikram Lal

42,200


Source: Hurun Research Institute. For more details visit www.hurunindia.net

 

Social Media: Acharya Balkrishna is not only an expert in creating wealth but also the master of social media. He is the most followed entrepreneur in Facebook with 5 million followers. A snapshot of some of the social media following of the entrepreneurs below

 

Table 18: Social Media Followers of Hurun India Rich List 2017

 

Name

Number of Followers

Facebook/ Twitter

Acharya   BalKrishna

56   lakhs

Facebook

Anand   Mahindra

53   lakhs

Twitter

Nandan   Nilekani

22   lakhs

Twitter

Harsha   Goenka

12.6   lakhs

Twitter

Kiran   Mazumdar Shaw

12.4   lakhs

Twitter

Uday   Kotak

7.5   lakhs

Twitter

Harsh   Mariwala

7.2   lakhs

Twitter

Subash   Chandra

7   lakhs

Twitter

Yusuffali   MA

6.5   lakhs

Facebook

Vijay   Shekhar Sharma

2.1   lakhs

Twitter

 

Source: Hurun Research Institute. For more details visit www.hurunindia.net

 


 

Methodology

 

The Hurun India Rich List is a snapshot of wealth as on 31 July 2017. The exchange rate used for US$ was INR 64.1.  The list relates to Indians only, defined as born or brought up in India origin their passport today.

 

Valuing the wealth of India’s richest is as much an art as it is a science.  Sure, we have missed some, but we believe the Hurun India Rich List to be the most serious attempt to identify India’s top entrepreneurs and to measure their holdings.  Our team of researchers has - for the sixth year running - traveled the length and breadth of the country cross-checking information with entrepreneurs, industry experts, journalists, bankers, and regulators, as well as previous years’ databases. For non-listed companies our valuation was based on a comparison with their listed equivalents using prevailing industry multiples such as Price to Earnings, Price to Sales, EV to Sales, EV to EBITDA and also other methodologies including Discounted Cash Flow, Tobin’s Q and so on. In certain cases of early stage companies, we have used First Chicago Method for valuation.

 

This year, we have split out siblings, so companies like Muthoot Finance have been split across four individuals.

 

 


 

Hurun India Rich List 2017 - Top 100

 


Rank

Change

Name

Wealth
  INR Cr

% change

Company

Industry

Age


Selfmade   Score

1

0

Mukesh   Ambani

257,900

58%

Reliance  

Oil   & Gas

60

Mumbai

3

2

0

Dilip   Shanghvi

89,000

-27%

Sun   Pharma

Pharmaceuticals

61

Mumbai

4

3

5

LN   Mittal

88,200

32%

ArcelorMittal

Metals   & Mining

67

London

3

4

3

Shiv   Nadar

85,100

16%

HCL

Software   & Services

72

New   Delhi

5

5

1

Azim   Premji

79,300

6%

Wipro

Software   & Services

72

Bengaluru

3

6

-1

Cyrus   S Poonawalla

71,100

-9%

Serum   Institute of India

Pharmaceuticals

76

Pune

5

7

5

Gautam   Adani

70,600

66%

Adani   Enterprises

Diversified

55

Ahmedabad

5

8

17

Acharya   Balkrishna

70,000

173%

Patanjali   Ayurved

FMCG

45

Haridwar

4

9

0

Uday   Kotak

62,700

21%

Kotak   Mahindra

Financial   Services

58

Mumbai

5

10

0

Sunil   Mittal & Family

56,500

12%

Bharti   Airtel

Telecom   Services

59

New   Delhi

5

11

0

Kumar   Mangalam Birla

51,700

13%

Aditya   Birla

Diversified

50

Mumbai

3

12

New

Cyrus   Pallonji Mistry

49,300

New

Tata   Sons

Diversified

49

Mumbai

3

12

New

Shapoor   Pallonji Mistry

49,300

New

Tata   Sons

Diversified

52

Monaco

3

14

4

Savitri   Jindal & Family

46,500

33%

JSW   Steel

Metals   & Mining

67

Hisar

1

15

0

Benu   Gopal Bangur

44,600

14%

Shree   Cements

Construction   Materials

83

Kolkata

3

16

5

Pankaj   Patel

44,500

43%

Cadila

Pharmaceuticals

64

Ahmedabad

3

17

3

Vikram   Lal

44,200

30%

Eicher   Motors

Automobiles   & Auto Components

75

New   Delhi

3

18

12

Rahul   Bajaj

43,900

112%

Bajaj   Auto

Automobiles   & Auto Components

78

Pune

3

19

30

Ajay   Piramal

42,900

186%

Piramal   Enterprise

Investments

67

Mumbai

3

20

23

Rishad   Naoroji

37,800

140%

Godrej

Consumer   Durables

65

Mumbai

1

20

23

Nadir   Godrej

37,800

140%

Godrej

Consumer   Durables

65

Mumbai

3

20

23

Smitha   V Crishna

37,800

140%

Godrej

Consumer   Durables

66

Mumbai

3

20

23

Jamshyd   Godrej

37,800

140%

Godrej

Consumer   Durables

68

Mumbai

3

20

23

Adi   Godrej

37,800

140%

Godrej

Consumer   Durables

75

Mumbai

3

25

-6

Micky   Jagtiani

34,700

1%

Landmark

Retailing

65

Dubai

5

26

-9

Subhash   Chandra

32,800

-7%

Zee

Media

65

Mumbai

4

27

4

Nusli   Wadia

32,500

59%

Britannia

FMCG

73

Mumbai

3

28

-12

Yusuffali   MA

31,900

-13%

Emke

Retailing

61

Abu   Dhabi

5

29

-5

Indu   Jain

30,300

8%

Bennett   Coleman

Media

80

New   Delhi

3

30

77

Radhakishan   Damani

29,700

Split

Avenue   Supermarts

Retailing

62

Mumbai

5

31

1

Harsh   Mariwala

28,000

43%

Marico

FMCG

66

Mumbai

3

32

-3

Kushal   Pal Singh

27,400

18%

DLF

Realty

86

New   Delhi

3

33

2

Vivek   Chaand Sehgal

27,000

43%

Motherson   Sumi System

Automobiles   & Auto Components

60

Melbourne 

3

34

-12

Anil   Ambani

26,800

-6%

ADA   Reliance

Diversified

58

Mumbai

2

35

-7

Ashwin   Dani

25,900

4%

Asian   Paints

Chemicals   & Petrochemicals

74

Mumbai

3

36

6

Kalanithi   Maran

25,100

64%

Sun   Network

Media

52

Chennai

4

37

-33

SP   Hinduja

24,300

Split

Hinduja   Group

Diversified

81

London

3

37

New

GP   Hinduja

24,300

New

Hinduja   Group

Diversified

77

London

3

37

New

PP   Hinduja

24,300

New

Hinduja   Group

Diversified

72

Geneva

3

37

New

AP   Hinduja

24,300

New

Hinduja   Group

Diversified

67

Mumbai

3

41

-7

Vijay   Chauhan & Family

22,800

19%

Parle   Products

FMCG

80

Mumbai

3

42

26

B   Parthasaradhi Reddy

20,600

Split

Hetero   group of companies

Pharmaceuticals

63

Hyderabad

4

43

31

Sameer   Gehlaut

20,100

91%

Indiabulls   Financial Services

Financial   Services

43

Mumbai

4

44

-4

Rajan   Raheja

19,300

14%

Exide   Industries

Automobiles   & Auto Components

64

Mumbai

4

45

-6

Abhay   Vakil

19,100

9%

Asian   Paints

Chemicals   & Petrochemicals

66

Mumbai

3

45

-8

Ashwin   Choksi

19,100

4%

Asian   Paints

Chemicals   & Petrochemicals

74

Mumbai

3

47

18

Mangal   Prabhat Lodha

18,500

35%

Lodha  

Realty

61

Mumbai

4

48

6

Rahul   Bhatia

18,200

37%

Interglobe   Aviation

Transportation

57

New   Delhi

4

49

4

Sunny   Varkey

17,900

25%

Gems   Education

Others

60

Dubai

4

50

33

Jithendra   Virwani

17,600

99%

Embassy   Property Developments

Realty

51

Bengaluru

4

51

4

Anil   Agarwal

17,300

26%

Vedanta   Resource

Metals   & Mining

64

London

4

51

22

BR   Shetty

17,300

57%

NMC  

Healthcare

75

Abu   Dhabi

4

53

105

Kishore   Biyani

17,200

259%

Future   Group

Retailing

57

Mumbai

4

54

-6

Hasmukh   Chudgar & Family

16,800

11%

Intas   Pharma

Pharmaceuticals

84

Ahmedabad

4

55

-14

Rakesh   Gangwal

16,100

1%

Interglobe   Aviation

Transportation

64

Mclean

4

56

86

Adani   Vinodbhai Shantilal

15,700

200%

Adani   Enterprises

Diversified


Dubai

4

57

-24

PV   Ramaprasad Reddy

15,600

-19%

Aurobindo   Pharma

Pharmaceuticals

59

Hyderabad

4

58

12

Kiran   Mazumdar-Shaw

15,400

43%

Biocon

Pharmaceuticals

64

Bengaluru

4

59

-46

Anand   Burman

14,500

Split

Dabur

FMCG

65

New   Delhi

3

60

-10

Chandru   Raheja

13,900

-10%

Shoppers   Stop

Retailing

76

Mumbai

4

61

-23

Ravi   Pillai

13,600

-28%

RP

Construction   & Engineering

63

Dubai

5

62

0

Prakash   Lohia

12,500

3%

Indorama

Chemicals   & Petrochemicals

64

London

3

63

-4

Samir   Mehta

12,400

3%

Torrent   Pharma

Pharmaceuticals

53

Ahmedabad

3

63

-4

Sudhir   Mehta

12,400

3%

Torrent   Pharma

Pharmaceuticals

63

Ahmedabad

3

65

-4

Baba   Kalyani

12,000

0%

Bharat   Forge

Diversified

68

Pune

3

65

2

Aloke   Lohia

12,000

3%

Indorama

Chemicals   & Petrochemicals

58

Bangkok

4

65

-1

Feroz   Allana

12,000

2%

IFFCO

Trading


Sharjah

5

68

-32

Romesh   T Wadhwani

11,800

-39%

Symphony   Technology

Investments

69

Palo   Alto

4

69

7

Rakesh   Jhunjhunwala

11,700

12%

Rare   Enterprises

Investments

57

Mumbai

5

70

New

Divyank   Turakhia

11,500

New

Media.Net

Software   & Services

35

Dubai

4

70

142

Anurang   Jain & family

11,500

286%

Endurance   Technologies

Automobiles   & Auto Components

55

Aurangabad

3

72

25

Rajju   Shroff

11,400

49%

United   Phosphorus

Chemicals   & Petrochemicals

83

Mumbai

5

73

-17

Kavitark   Ram Shriram

11,200

-14%

Google  

Software   & Services

60

Menlo   Park

4

74

New

Shamsheer   Vayalil

11,100

New

VPS   Healthcare

Healthcare

40

Abu   Dhabi

4

75

-4

Radhe   Shyam Goenka

10,600

-1%

Emami  

FMCG

70

Kolkata

4

75

-4

Radhe   Shyam Agarwal

10,600

-1%

Emami  

FMCG

71

Kolkata

4

77

-19

Glenn   Saldanha & Family

10,500

-16%

Glenmark  Pharma

Pharmaceuticals

47

Mumbai

3

78

-9

Yusuf   Hamied

10,300

-6%

Cipla

Pharmaceuticals

81

Mumbai

3

79

15

Vikas   Oberoi

10,100

30%

Oberoi   Realty

Realty

47

Mumbai

3

80

89

Dinesh   Nandwana

10,000

125%

Vakranjee   Software

Software   & Services

54

Mumbai

4

81

18

Manoj   Bhargava

9,900

28%

5   Hour Energy

FMCG

63

Farmington   Hills

4

81

-2

Gurbachan   Singh Dhingra

9,900

4%

Berger   Paints

Chemicals   & Petrochemicals

67

New   Delhi

3

81

-2

Kuldip   Singh Dhingra

9,900

4%

Berger   Paints

Chemicals   & Petrochemicals

69

New   Delhi

3

81

-3

Tony  Jashanmal

9,900

-3%

Jashanmal  

Retailing

70

Dubai

3

85

-19

Vinod   Khosla

9,800

-14%

Khosla   Ventures

Investments

62

Portola   Valley

4

86

33

Rana   Kapoor

9,500

44%

Yes   Bank

Financial   Services

59

Mumbai

4

87

-10

Balkrishan   Goenka

9,400

-6%

Welspun   Corp

Capital   Goods

51

Mumbai

4

88

New

B   Vamsi Krishna

9,200

New

Hetero   group

Pharmaceuticals

34

Hyderabad

3

89

25

Harsh   Goenka

9,100

34%

RPG   Enterprises

Diversified

59

Mumbai

3

89

38

VC   Nannapaneni

9,100

50%

Natco   Pharma

Pharmaceuticals

71

Hyderabad

4

91

14

Vijay   Shekhar Sharma

9,000

22%

Paytm

Software   & Services

39

New   Delhi

4

91

New

Leena   Gandhi Tewari

9,000

New

USV

Pharmaceuticals

60

Mumbai

3

91

29

Bhadresh   Shah

9,000

36%

AIA   Engineering

Construction   & Engineering

65

Ahmedabad

4

94

74

Rajiv   Poddar

8,900

98%

Balkrishna

Automobiles   & Auto Components

32

Mumbai

3

94

9

Prithviraj   Kothari

8,900

20%

RSBL

Jewellery

57

Mumbai

4

96

New

Gopikishan   Damani

8,700

New

Avenue   Supermarts

Retailing

60

Mumbai

4

97

64

P   Pitchi Reddy

8,500

80%

MEIL

Construction   & Engineering

59

Hyderabad

4

98

-6

Karsanbhai   Patel

8,400

7%

Nirma  

FMCG

73

Ahmedabad

5

98

31

Ranjan   Pai

8,400

43%

Manipal   Education & Medical

Others

44

Bengaluru

3

98

30

Anand   Mahindra

8,400

42%

M&M  

Automobiles   & Auto Components

62

Mumbai

3

 *Wealth reduced due to ownership split

 

  

 

The Hurun Report                                                   

 

Hurun Report is a leading luxury publishing and events group established in London in 1998 and strongly present in China and India, widely recognised world over for its comprehensive evaluation of the world’s wealthiest individuals across the globe.

 

Hurun Report India commenced its operations in 2012 and has been bringing to light stories of successful and emerging Indian entrepreneurs ever since and felicitating them at a bouquet of Hurun events hosted pan India.

 

Hurun Report Inc. has three main platforms: Hurun Research Institute, Hurun Digital Media and Hurun Conferences and Luxury Summits. Through each platform, Hurun targets entrepreneurs and high net worth individuals.

 

Hurun Report India’s flagship properties include the India Rich List, the ground-breaking India Philanthropy list and the Hurun Global Rich List. A testament to the comprehensive nature of our list is the presence and association of numerous billionaires in each of our events in UK, China and as well as India – Sir Richard Charles Nicholas Branson, Mr. Wang Jianlin, Mr. Jack Ma (AliBaba), Mr. Lei Jun (Xiaomi), Mr. Li Yanhong (Baidu), Dr. Cyrus Poonawalla, Mr. Samprada Singh, Mr. Adi Godrej, Mr. Kuldip Singh Dhingra, Mr. Anand Burman, Mr. Kris Gopalakrishnan, Mr. Rajesh Mehta, Mr. Yusuff Ali, Mr. Kochouseph Chittilappilly, Mr. Joy Alukkas, Mr. T.S. Kalyanaraman and Mr. C.V. Jacob to name a few.

 

ANAS RAHMAN JUNAID (MD &CHIEF RESEARCHER- HURUN REPORT INDIA) PROFILE

A graduate from University of Oxford, Anas Rahman Junaid is the Managing Director and Chief Researcher for Hurun Report India and the Global Rich List. Anas’ passion and expertise are in tracking and highlighting the success stories of various entrepreneurs across the world. A major in Corporate Valuation, Anas has strong expertise in valuating companies ranging from start-ups to multi-billion dollar enterprises. Anas is a KPMG alumnus. His renewed vision is to connect Indian and Chinese entrepreneurs and to explore opportunities to collaborate. With a strong network with the UHNIs in India, he hopes to promote and explore luxury, art and investments.

 

 

 

 

 

HURUN REPORT INDIA

“Passionate About Indian Entrepreneurship”

Hurun Report India serves as India’s definitive voice celebrating wealth creation, innovation and growth. Last year Hurun further expanded by releasing Hurun Global Rich List 2015, a ranking of the 2195 US dollar billionaires so-called ‘Nine-Zero Club’ currently -in the world and – the fifth India Rich List which ranks 339 richest individuals in India, allowing for comparisons between two of the most dynamic economies in the world.

 

The purpose of this list is to try and tell the story of modern India through the eyes of an entrepreneur. 

For the full details, please refer to on www.hurunindia.net.


Download:

Press Release - Hurun India Rich List 2017 ENG 170925.docx

Hurun India Rich List 2017 ENG&CHN.xlsx

Keywords:India Rich
Editor:Porsha Pan