Hurun India Rich List 2013

Source:Hurun Report Author: IssueTime:2013-10-24

Despite the Rupee dropping 14% against the US Dollar, it has been a good year for India’s richest.

Pharma King, Dilip Shanghvi breaks into top 3 for the first time


Leading Authority, Hurun Report, on Wealth launches the India Rich List for the second time.


·       Hurun Report finds 141 individuals with US$300m or more, up 41 from last year.

·       101 individuals saw their wealth increase or retained while only 40 individuals saw their wealth decrease compared to last year.

·       Despite a wealth decrease of 2% and 6%, Ambani and Mittal continue to hold onto the top two places with fortunes of US$18.9bn and US$15.9bn.

·       Pharma King, Dilip Shanghvi (58) of Sun Pharmaceuticals breaks into Top 3 for the first time, with a 66% surge in his wealth to US$14.1bn - up from US$8.5bn last year predominantly due to 85% rise in stock price.

·       Madhu Kapur (50),wife of late Ashok Kapur, co – founder Yes Bank is the only female millionaire who entered Hurun India Rich List 2013

·       Dominance of Mumbai, Delhi and Bengaluru in Hurun India Rich List 2013 is diminishing whilst Dubai has shot up

·       Manufacturing, Pharmaceuticals and Real Estate created most number of millionaires

·       64% of the Hurun India Rich List 2013 are self-made, a 200bps increase from the Hurun India Rich List 2012

·       Bollywood superstar Shah Rukh Khan breaks into the list with US$400 million fortune

·       The only self-made woman in the list is Kiran Mazumdar-Shaw, with a net worth of US$ 700 million.

·       Youngest self-made individual is Sameer Gehlaut (39), with a net-worth of US$ 300m founded India Bulls in the year 1999. Indiabulls is currently the leading technology enabled investment brokerage firm in the country.

·       Of the 46 new entrants, majority of the new entrants belong to the manufacturing sectors, followed by Pharma and Engineering.

·       The millionaires in the Hurun India Rich list 2012, has a good year. Average net worth of millionaires in Hurun India Rich list 2012 increased by US$100m in 2013.

 

 

 

New Delhi, Oct 24: Despite the Rupee dropping 14% against the US Dollar, it has been a good year for India’s richest, with 101 individuals on the Hurun India Rich List seeing their wealth increase/ retained and only 40 seeing their wealth decrease.

 

Energy Tycoon Mukesh Ambani (56) of Reliance, topped the list of 141 individuals with more than US$300 million for the second year running, according to the second edition of Hurun India Rich List 2013 released today.  During 2013, he invested INR 1.2 billion into infrastructure.

 

London-based L N Mittal (63), the steel tycoon who rose from humble beginnings as a scrap metal dealer in one of India’s poorest states to set up ArcelorMittal (the world's largest steel making company), retains his number two position with an asset of 15.9 billion dollars – a decline of 6 per cent as compared to last year.

 

Dilip Shanghvi (58), founder of Sun Pharmaceuticals, India’s second largest drug maker, broke into the Top 3 for the first time with a 66% surge in his wealth. This rise in stock price was supported by the expected sales of the cancer drug Doxil, following Janssen Pharma Inc’s admission of shortage of the drug supply.

 

 

Mukesh Ambani’s junior sibling Anil Ambani, of Anil Dhirubhai Ambani Group, occupies 11th position with a personal fortune of 7.1 billion dollars. His wealth has gone up by 34% percentage, resulting in promotion of his position by 2 ranks; thanks to superb performance of Reliance Communications (a 135% increase in market cap).

 

Feroz Alana is the richest new entrant with US$ 2.6bn, followed by MA Yusuf Ali of the EMKE group with a net worth of US$ 1.9bn. With 18 millionaires, GCC is the home to most of the new entrants in the Hurun India Rich List 2013. Mumbai has 11 new entrants followed by Chennai that which has 3 new entrants.

 

 

Bollywood superstar Shah Rukh Khan, who has set up Red Chillies Entertainment, is also a force to be reckoned with, having a ranking of 114 and a personal asset of 400 million dollars.

 

The minimum cut off mark for finding a place in this year’s coveted list was US$ 300m. Wealth calculations are a snapshot of 18 October 2013 when the rate of exchange to the US dollar was Rs 61.5.

 

The total wealth of India’s Top 100 increased to US$ 250bn from US$ 221bn compared to last year. 46 new millionaires found entry in the coveted list and 5 from the Rich List 2012 could not make 2013’s cut off mark of US$ 300m.

 

Manufacturing continued to be the main source of wealth in India with 17% of the rich list, followed by pharmaceuticals and real estate, which have both seen their percentages drop slightly to 11% and 9%, down from 12% and 10% respectively. Other industries that have had a good year include financial services and healthcare.

 

 

Men dominate this year’s Hurun India Rich List with just 4% of it occupied by women. Steel baroness Savitri Jindal (62), the non-executive chairperson of O P Jindal Group, is the richest Indian woman with a personal fortune pegged at 5.1 billion dollars. She is followed by Indu Jain (77), the only female billionaire who has gained position in rankings. She jumped 4 ranks -- up from a ranking of 33 in 2012 to 29 this year.

 

Anu Aga (energy), Kiran Mazumdar-Shaw (pharmaceuticals) and Shobhana Bhartia (media and entertainment) are the third, fourth and fifth richest Indian women, respectively. A new addition to the list is Mumbai-based Madhu Kapur (financial services), who occupies the sixth position. Interestingly, all the women in the list (except Savitri Jindal) increased their wealth during 2013.

 

Whilst Mumbai continues to be the capital for India’s superrich, its dominance has dwindled slightly to 33%, down from 36% last year.  Ditto with Delhi and Bangalore, whose percentage of the richest individuals reduced to 16% and 11%, down from 22% and 15% respectively. The big story has been the surge in India’s superrich residing in Dubai, now making up 9% of the list, up from just one person last year.  Nine regions saw a new richest individual, led by Shiv Nadar, who took over from Kushal Pal Singh as the richest individual in Delhi.

 

Azim Hashim Premji (68), who owns 57% of Wipro, is not only the richest South Indian, but also the fourth richest Indian with an asset of 12 billion dollars. This is despite a whopping US$ 1bn contribution to charity; thanks to a 38% gain in Wipro’s share price.

 

A total of 23 High Net Individuals (HNI) featuring in this year’s list are based outside of India. They include leader of the pack L N Mittal (London), Micky Jagtiani (Landmark Group, Dubai), Anil Agarwal (Vedanta Resources, London), Feroz Allana (IFFCO, Sharjah), Ravi Pillai (Ravi Pillai Group, Dubai), Chhabria Family (Jumbo Group, Dubai), and B K Modi (Spice Group, Singapore).

 

“The India Rich List is the most serious attempt to identify the country’s top entrepreneurs and measure their holdings. It is an account of several exciting insights and trends of wealth patterns and demographic and geographic spread of wealth in India. These factors give it a stamp of uniqueness,” said Rupert Hoogewerf, Hurun Report Chairman and Chief Researcher.

 

 

Kumar Mangalam Birla (46), chairman of Aditya Birla, is the sixth richest man. His net worth stands at US$ 8.4bn, which is a 45% increase from the year 2012. He has moved up the ladder from 10 to 6, the main reason being the stock prices of Aditya Birla Nuvo and Ultra Tech cements registering a robust growth of 60 % and 66% respectively.

 

Adi Godrej (71), the head of Godrej group of companies, comes next with 8.1 billion dollars.  Godrej’s fortune is up with the rising value of the 3,500-acre estate in suburban Mumbai, which is considered the family’s biggest asset. He overtook Pallonji Mistry to be the richest Parsi.

 

Pallonji Mistry (84), with an asset of 8 billion dollars, is the 8th richest Indian and also the second richest person in the world of the Parsi descent next to Adi Godrej. He controls a construction empire that operates across India, West Asia and Africa. He, along with his sons, also controls a stake in Tata Sons, making the Mistrys the largest individual shareholders in India's most diversified business conglomerate.

 

Fifty-six year-old telecom mogul Sunil Mittal is the 10th richest in the list with an estimated net worth of US$ 7.3bn. Bharti Enterprises, the largest GSM-based mobile phone service provider in India, has showed an upward movement in the stock prices by 42%, which has pulled Sunil Mittal in the top 10 as compared to the 11th position a year earlier.

 

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

  • Sixty-four percent of the individuals in the list are self-made millionaires.

  • The Indian stock exchanges were the preferred place to list followed by London and Singapore.

  • The average age of the Top 100 is 63 years.

  • The youngest person on the list is Shivinder Mohan Singh at 38 years old while the oldest, Keshub Mahindra, is 90 years old.

  • There are four millionaires below the age of 40.

  • Dubai emerged as the most preferred overseas location for Indian businessmen.

 

Despite a sluggish economic growth of around 5%, a good show by the majority of the millionaires/billionaires in the Hurun Rich List 2013 demonstrates the resilience of Indian corporates during these tough times,” said Anas Rahman Junaid, Publisher at Large, Hurun Report India.

 

Hurun Rich List 2013 - The Top 10

For more information, please refer to www.hurun.net 

 

NO

Name

Net Worth 2013 (USD   mn)

 % Change YoY

Company

Industry

Age

Location

1-

Mukesh   Ambani

 $18,900

-2%

Reliance   Industries

Energy

56

Mumbai

2-

Lakshmi Narayan  Mittal

 $15,900

-6%

Arcelor Mittal

Steel

63

London

3

Dilip   Shanghvi

 $14,100

66%

Sun   Pharmaceuticals

Pharmaceuticals

58

Mumbai

4

Azim   Premji

 $12,000

-2%

Wipro

Technology

68

Bangalore

5

Shiv   Nadar

 $8,600

51%

HCL   Technology

Technology

68

Delhi

6

Kumara   Mangalam Birla

 $8,400

45%

Grasim   Industries

Manufacturing

46

Mumbai

7-

Adi   Godrej

 $8,100

17%

Godrej   Group

FMCG

71

Mumbai

8

Pallonji   Mistry

 $8,000

1%

Shapoorji   Pallonji & Co

Engineering   & Construction

84

Mumbai

9

Shashi   & Ravi Ruia

 $7,600

6%

Essar   Energy

Energy

69 / 64

Mumbai

10-

Sunil   Mittal

 $7,300

28%

Bharti   Airtel

Telecom

56

Delhi

 

 

Geographical Spread

For more information, please refer to www.hurun.net

 

 

Rank

 

Geography

% Spread   2013

% Spread 2012

 

Richest Individual   2013

 

Richest Individual   2012

1

Mumbai

33%

36%

Mukesh Ambani


2

Delhi*

16%

22%

Shiv Nadar

Kushal Pal Singh

3

Bangalore

11%

15%

Azim Premji


4

Dubai

9%

1%

Micky Jagtiani


5

Ahmedabad

4%

5%

Gautam Adani


5

Chennai

4%

3%

Kalanithi Maran


7

Kolkata

4%

4%

Benu Gopal Bangur


8

Gurgaon

3%

1%

Kapil & Rahul   Bhatia


8

Pune

3%

5%

Rahul Bajaj


10

Abu Dhabi

2%

-

MA Yousuf Ali


10

Hyderabad*

2%

3%

GV Prasad

Murali Divi

10

London

2%

3%

Lakshmi   Narayan  Mittal


13

Muscat

1%

-

Khimji Family


14

Bhopal

1%

1%

Ramesh Agarwal


14

Kanpur

1%

-

Mahendra Mohan   Gupta


14

Sharjah

1%

-

Feroz Allana


14

Singapore

1%

1%

Bhupendra Kumar   Modi


14

Thrissur

1%

-

TS Kalyanaraman


14

Vadodara

1%

-

Chirayu R Amin


* New Number One

 

Sectoral Breakup

For more information, please refer to www.hurun.net

 

Rank

Sector

2013 %

2012 %

Richest Individual 2013

Richest Individual 2012

1

Manufacturing

17%

17%

Kumara Mangalam Birla


2

Pharmaceuticals

11%

12%

Dilip Shanghvi


3

Real estate

9%

10%

Kushal Pal Singh


4

Media & Entertainment

6%

5%

Subhash Chandra


4

Technology

6%

7%

Azim Premji


6

Financial Services

5%

3%

Uday Kotak


6

FMCG

5%

6%

Adi Godrej


6

Infrastructure

5%

8%

Anil Ambani


9

Automobile *

4%

4%

Rahul Bajaj

Brijmohan Lall Munjal & Family

9

Energy

4%

7%

Mukesh Ambani


11

Engineering & Construction

4%

1%

Pallonji Mistry


11

Multi Brand Retail

4%

4%

Micky Jagtiani


13

Healthcare

3%

-

BavaguthuRaghuram Shetty


14

Food & Beverages *

2%

2%

Feroz Allana

Shyam & Hari Bhartia

14

Hospitality

2%

-

Amit Jatia & Family


14

Jewellery

2%

-

TS Kalyanaraman


14

Steel

2%

3%

LN Mittal


14

Telecom

2%

2%

Sunil Mittal


19

Aviation

1%

2%

Kapil & Rahul Bhatia


19

Education

1%

-

Sunny Varkey


19

Investments *

1%

2%

Rakesh Jhunjhunwala

Hemendra Kothari

19

Logistics

1%

-

Yogesh Mehta


23

Diversified

1%

-

Khimji Family


23

Single Brand Retail

1%

-

V.G. Siddhartha


* New Number One

 

 

 

 

Richest Women

For more information, please refer to www.hurun.net

 

S No.

Name

Age

Location

Industry

1

Savitri Jindal

62

Delhi

Steel

2

Indu Jain

77

Delhi

Media &   Entertainment

3

Anu Aga

71

Pune

Energy

4

Kiran Mazumdar-Shaw

60

Bangalore

Pharmaceuticals

5

Shobhana Bhartia

56

Delhi

Media &   Entertainment

6

Madhu Kapur

50

Mumbai

Financial Services

 

 

 

Hurun India Rich List 2013 -- Top 100

For the full ranking, refer to www.hurun.net

 

Rank

Name

Net Worth 2013 (In Mns)

% Change Y-O-Y

Company

Industry

Age

Location

1

Mukesh Ambani

 $18,900

-2%

Reliance Industries

Energy

56

Mumbai

2

Lakshmi Narayan  Mittal

 $15,900

-6%

Arcelor Mittal

Steel

63

London

3

Dilip Shanghvi

 $14,100

66%

Sun Pharmaceuticals

Pharmaceuticals

58

Mumbai

4

Azim Premji

 $12,000

-2%

Wipro

Technology

68

Bangalore

5

Shiv Nadar

 $ 8,600

51%

HCL

Technology

68

Delhi

6

Kumara Mangalam Birla

 $ 8,400

45%

Grasim Industries

Manufacturing

46

Mumbai

7

Adi Godrej

 $ 8,100

17%

Godrej

FMCG

71

Mumbai

8

Pallonji Mistry

 $ 8,000

1%

Shapoorji  Pallonji &Co

Engineering &Construction

84

Mumbai

9

Shashi &Ravi Ruia

 $ 7,600

6%

Essar Energy

Energy

69 / 64

Mumbai

10

Sunil Mittal

 $ 7,300

28%

Bharti Airtel

Telecom

56

Delhi

11

Anil Ambani

 $ 7,100

34%

Reliance Infrastructure

Infrastructure

54

Mumbai

12

Savitri Jindal

 $ 5,100

-9%

Jindal Steel &Power

Steel

63

Delhi

13

Uday Kotak

 $ 4,300

8%

Kotak Mahindra Bank

Financial Services

54

Mumbai

14

Anand Burman

 $ 3,900

26%

Dabur

FMCG

61

Delhi

14

Kushal Pal Singh

 $ 3,900

-38%

DLF

Real Estate

82

Delhi

16

Micky Jagtiani

 $ 3,700

-10%

Landmark Group

Multi Brand Retail

62

Dubai

17

Desh Bandhu Gupta

 $ 3,400

36%

Lupin Pharmaceuticals

Pharmaceuticals

75

Mumbai

18

Anil Agarwal

 $ 3,300

32%

Vedanta Resources

Energy

60

London

18

Rahul Bajaj

 $ 3,300

10%

Bajaj Auto Limited

Automobile

75

Pune

20

BrijmohanLall Munjal & Family

 $ 3,100

-18%

Hero Moto Corp

Automobile


Delhi

21

Subhash Chandra

 $ 2,800

12%

Zee Networks

Media &Entertainment

62

Mumbai

22

Gautam Adani

 $ 2,700

-13%

Adani Enterprise

Infrastructure

51

Ahmedabad

23

Feroz Allana

 $ 2,600

 New

IFFCO

Food &Beverages


Sharjah

 

23

Cyrus Poonawalla

 $ 2,600

13%

Serum Pharma

Pharmaceuticals

72

Pune

25

Kalanithi Maran

 $ 2,400

9%

Sun Networks

Media &Entertainment

48

Chennai

26

Yusuf Hamied

 $ 2,200

-4%

Cipla

Pharmaceuticals

77

Mumbai

26

Malvinder & Shivinder

 $ 2,200

0%

Religare Enterprise

Financial Services

40 / 38

Delhi

28

Ajay Kalsi

 $ 2,000

-13%

Indus Gas Ltd

Energy

49

Delhi

29

Indu Jain

 $ 1,900

12%

Bennett Coleman

Media &Entertainment

77

Delhi

29

Pankaj Patel

 $ 1,900

-32%

Cadila Healthcare

Pharmaceuticals

60

Ahmedabad

29

Rajan Raheja

 $ 1,900

-10%

Exide Industries

Manufacturing

59

Mumbai

29

MA Yousuf Ali

 $ 1,900

 New

EMKE Group

Multi Brand Retail

57

Abu Dhabi

29

GV Prasad

 $ 1,900

36%

Dr Reddy's Lab

Pharmaceuticals

72

Hyderabad

34

Venugopal Dhoot

 $ 1,800

-33%

Videocon Industries

Energy

62

Mumbai

34

Benu Gopal Bangur

 $ 1,800

20%

Shree Cements

Manufacturing

82

Kolkata

36

Ashwin Dani

 $ 1,600

14%

Asian Paints

Manufacturing

71

Mumbai

36

Balvant Parekh

 $ 1,600

14%

Pidilite Industries

Manufacturing

89

Mumbai

36

Ravi Pillai

 $ 1,600

 New

Ravi Pillai Group

Engineering &Construction

63

Dubai

36

N.R. Narayana Murthy

 $ 1,600

14%

Infosys

Technology

67

Bangalore

40

Harsh Mariwala

 $ 1,500

7%

Marico Ltd

FMCG

62

Mumbai

40

Ajay Piramal

 $ 1,500

-6%

PiramalHealthcare

Pharmaceuticals

58

Mumbai

40

Brij Bhushan Singal

 $ 1,500

15%

Bhusan Steel

Steel

76

Delhi

43

Sudhir & Samir Mehta

 $ 1,400

-18%

Torrent Pharma

Pharmaceuticals

59 / 50

Ahmedabad

43

Chhabria Family

 $ 1,400

 New

Jumbo Group

Multi Brand Retail


Dubai

43

Sunny Varkey

 $ 1,400

 New

Gems Education

Education

56

Dubai

46

Ashwin Choksi

 $ 1,300

18%

Asian Paints

Manufacturing

70

Mumbai

46

S Gopalakrishnan

 $ 1,300

30%

Infosys

Technology

58

Bangalore

46

Nandan Nilekani

 $ 1,300

30%

Infosys

Technology

58

Bangalore

46

Kapil &Rahul Bhatia

 $ 1,300

8%

Indigo Aviations

Aviation

81 / 53

Gurgaon

50

TS Kalyanaraman

 $ 1,200

 New

Kalyan Jewellery

Jewellery

66

Thrissur

50

Abhay Vakil

 $ 1,200

20%

Asian Paints

Manufacturing

63

Mumbai

50

Murali Divi

 $ 1,200

-20%

Divi's Lab

Pharmaceuticals

62

Hyderabad

50

Glenn Saldanha & Family

 $ 1,200

9%

GlenmarkPharma

Pharmaceuticals

75

Mumbai

54

Mangal Prabhat Lodha

 $ 1,100

10%

Lodha Developers

Real Estate

57

Mumbai

54

G M Rao

 $ 1,100

0%

GMR

Infrastructure

63

Bangalore

54

Mallika Srinivasan

 $ 1,100

 New

TAFE

Automobile

54

Chennai

54

Gautam Thapar

 $ 1,100

-8%

Avantha Group

Manufacturing

52

Delhi

58

Chandru Raheja

 $ 1,000

0%

K Raheja Corp

Real Estate

73

Mumbai

58

Dhingra Brothers

 $ 1,000

 New

Berger Paints

Manufacturing


Delhi

58

Anand Mahindra

 $ 1,000

16%

Mahindra &Mahindra

Automobile

58

Mumbai

58

Vivek Chaand Sehgal

 $ 1,000

75%

Motherson Sumi System

Manufacturing

57

Delhi

58

VikramLal

 $ 1,000

 New

Eicher Motors

Automobile

71

Gurgaon

58

QimatRai Gupta

 $ 1,000

33%

Havells India

Manufacturing

76

Delhi

64

Rakesh Jhunjhunwala

 $    900

13%

Rare Enterprise

Investments

53

Mumbai

64

Mofatraj Munot

 $    900

43%

Kalpataru Group

Real Estate

69

Mumbai

64

Niranjan Hiranandani

 $    900

-10%

Hiranandini Developers

Real Estate

63

Mumbai

64

Tony  Jashanmal

 $    900

 New

Jashanmal Group

Multi Brand Retail

65

Dubai

64

Rajesh Mehta

 $    900

-18%

Rajesh Exports

Jewellery

49

Bangalore

64

Shyam & Hari Bhartia

 $    900

-31%

Jubilant Foodworks

Food &Beverages

60 / 56

Delhi

64

K. Dinesh

 $    900

23%

Infosys

Technology

59

Bangalore

71

Hemendra Kothari

 $    800

-11%

DSP Blackrock

Investments

67

Mumbai

71

Bhupendra Kumar Modi

 $    800

-20%

Spice Group

Telecom

64

Singapore

71

JR Gangaramani

 $    800

New

Al Fara Group

Engineering &Construction


Abu Dhabi

71

BR Shetty

 $    800

New

NMC Group

Healthcare

71

Abu Dhabi

71

Anu Aga

 $    800

16%

Thermax

Energy

71

Pune

71

Vikas Oberoi

 $    800

-33%

Oberoi Reality

Real Estate

43

Mumbai

71

Analgit Singh

 $    800

4%

Max India

Financial Services

59

Delhi

71

S.D. Shibulal

 $    800

23%

Infosys

Technology

58

Bangalore

71

Ranjan Pai

 $    800

New

Manipal Education &Medical Group

Education

40

Bangalore

71

Khimji Family

 $    800

New

Khimji Ramdas

Diversified


Muscat

71

Vijay Mallya

 $    800

-27%

United Breweries

Food &Beverages

57

Bangalore

71

Prathap Reddy

 $    800

43%

Apollo Hospitals

Healthcare

81

Chennai

71

Jaiprakash Gaur

 $    800

-27%

Jaiprakash Associates

Infrastructure

82

Delhi

71

Joy Alukkas

 $    800

 New

Joy Alukkas

Jewellery

56

Dubai

85

Habil Khorakiwala

 $    700

-63%

Wockhardt

Healthcare

71

Mumbai

85

Karsanbhai Patel

 $    700

-11%

Nirma

FMCG

69

Ahmedabad

85

V.G. Siddhartha

 $    700

-10%

Coffee Day Resorts

Single Brand Retail

54

Bangalore

85

Radhe Shyam Goenka

 $    700

21%

Emami Ltd

FMCG

66

Kolkata

85

Radhe Shyam Agarwal

 $    700

21%

Emami Ltd

FMCG

67

Kolkata

85

Keshub Mahindra

 $    700

3%

Mahindra &Mahindra

Automobile

89

Mumbai

85

Kiran Mazumdar-Shaw

 $    700

9%

Biocon

Pharmaceuticals

60

Bangalore

85

Premchand Godha

 $    700

New

IPCA Laboratories

Pharmaceuticals

67

Mumbai

85

Yogesh Mehta

 $    700

New

Petrochem ME

Logistics


Dubai

85

Murugappa Family

 $    700

-19%

EID Parry

Manufacturing


Chennai

85

Irfan Razack

 $    700

21%

Prestige Estate Projects

Real Estate

60

Bangalore

96

Shishir Bajaj

 $    600

-8%

Bajaj Corp

Manufacturing

65

Mumbai

96

Rizwan Sajan

 $    600

 New

Danube Group

Engineering &Construction

49

Dubai

96

Devendra Kumar Jain

 $    600

-10%

Gujarat Flouro Chemicals

Manufacturing

84

Delhi

96

Sanjiv Goenka

 $    600

-2%

CESC

Infrastructure

52

Kolkata

96

Amit Jatia &Family

 $    600

 New

Westlife Development (Mcdonald'sIndia)

Hospitality

46

Mumbai

96

Ramesh Agarwal

 $    600

7%

DainikBhaskar

Media &Entertainment

68

Bhopal

96

Harsh Goenka

 $    600

7%

RPG Group

Infrastructure

55

Mumbai

96

Baba Kalyani

 $    600

-23%

Bharat Forge

Manufacturing

64

Pune

96

T.T. Jagannathan

 $    600

-2%

TTK Prestige

Manufacturing

65

Bangalore

96

Rajesh Agarwal, Rahul Sharma, Sumeet Kumar   &  Vikas Jain

 $    600

 New

Micromax

Telecom


Gurgaon

96

PV Ramaprasad Reddy

 $    600

54%

AurobindoPharma

Pharmaceuticals

55

Hyderabad

 

Methodology

The Hurun India Rich List is a snapshot of wealth on 18October 2013. Non-listed companies were valued by comparison with their listed equivalents using prevailing industry transaction comparable such as earnings multiple, revenue multiple, statistical analysis using market indices. The rate of exchange to the US dollar was INR 61.5.

 

Valuing the wealth of India’s richest is as much an art as it is a science.  Our team of researchers has been sifting through volumes of publically-available data on the top Indian entrepreneurs. The result is the second and more comprehensive Hurun India Rich List 2013.  No, it is not perfect.  We have missed off people that have gone to extraordinary lengths to keep their names off public records, but it is nonetheless, a serious attempt to rank and understand the changes going through the Indian economy.

 

The Hurun Indian Rich List relates to Indians, defined as someone born or bread in India, no matter what passport they might hold today.



About Hurun Report

 

Established as a research unit in 1999 by British chartered accountant Rupert Hoogewerf, Hurun Report Inc. has grown on the back of the Hurun China Rich List, a list which ranks the 1000 richest individuals in China. As the Chinese entrepreneurs have grown in the past decade, Hurun Report has expanded to include a Global Rich List in 2012& 2013andIndia Rich List 2012 and 2013, allowing for comparisons between two of the most dynamic economies in the world.

 

Hurun Report is a leading research house and luxury publishing group based in Shanghai, China. Hurun Report Inc. has a stable of four luxury magazines, the Hurun Research Institute and an active business events division targeting China’s entrepreneurs and high net worth individuals. 

 

The flagship Hurun Report magazine is published monthly and reaches the households of 106,000 proven wealthy Chinese individuals and their advisers. Hurun Report is best known for its annual Hurun China Rich List, widely considered the bible of wealth and de-facto Who’s Who of Chinese business.

 

Hurun Report Inc. also publishes Horse & Polo, The Schools Guide Series and Wings & Water.

 

Horse & Polo provides in-depth coverage about horse related issues including features on Polo, Dressage, Horse Racing, Bloodstock as well as Dogs and Croquet. The magazine is designed to be the glamorous companion for wealthy Chinese with a passion for horses.

 

The Schools Guide Series explains the respective education systems of various destinations such as the UK, US, Canada, Australia and New Zealand, Switzerland and Singapore, issues parents need to take into consideration when making the transition from the Chinese system, and lists the top preparatory, secondary and undergraduate schools.

 

Wings & Water is for the so-called lion kings of China; those individuals who lead industry and shape opinions. It addresses the needs of those entrepreneurs looking to purchase a jet or yacht, as well as setting out how to maintain these big and costly machines.

 

For further information, see www.hurun.net

 

For media inquiries, please contact:

Anas Rahman Junaid

Email: Anas.rahman@hurun.net

Mobile: 8606 498 100