Hurun India Rich List 2015

Source:Hurun Report Author: IssueTime:2015-09-11

Today Hurun Report released the Hurun India Rich List, a list of the richest people in India with a cut-off of INR 1,600 Cr. This is the fourth year of the list.

WITH 76 NEW FACES, HURUN REPORT LAUNCHES ITS

INDIAN RICH LIST 2015

 

WITH INR 1,60,950 CR, MUKESH AMBANI IS THE RICHEST MAN IN INDIA FOR 4TH YEAR

 

INDIA PRODUCES 124 BILLIONAIRES, A RECORD NUMBER SINCE THE INCEPTION OF HURUN INDIA RICH LIST ON 2012

 

UDAY KOTAK STORMS INTO TOP 10

 

85% IN THE LIST ARE FAMILY RUN BUSINESSES

 

MUMBAI AND NEW DELHI MAKE UP HALF OF RICH LIST, ADDING 17 AND 16

 

FOR THE FIRST TIME, AZIM PREMJI LOSES THE SPOT IN TOP 5, DUE TO HIS PHILANTHROPIC DONATIONS

 

Hurun Report India releases Hurun India Rich List 2015, presented by jewelry-brand Joyalukkas

 

 

·       Hurun Report finds 296 individuals with INR 1,600 Cr or more, up 76 from last year and double that of two years ago

·       India had a mixed year with some sectors such as mobile phone and e-commerce doing well and other such as real estate and energy had a bad year. Overall, it was an average year of India’s entrepreneur

·       Owing to a 6% devaluation of Indian Rupee against the US dollar and a lackluster performance of key sectors such as steel, energy and real estate, the average wealth dropped 7%  

·       India is adding more billionaires. Number of dollar billionaires has increased to 124 from 109 last year. The inaugural Hurun India Rich List had just 59 billionaires in 2012

·       36 have migrated out of India and are NRI

·       13 saw their wealth double year on year; The fastest riser is Dhiraj Rajaram (40) of Mu Sigma, a data analytics business, shooting up 593% to INR 17,790 Cr.

·       58 individuals saw their wealth decline, led by the oil and gas sector, after uncertainly continued to surround the Middle East. Ajay Kalsi (54) of Indus Gas declined by 242% dropping him to the bottom of the list.

·       Mukesh Ambani (58) of Reliance, holds on to his position as the richest man in India with a fortune of INR 1,60,951 Cr, down by 3%  from last year. Ambani seems to be betting on digital space by committing over INR 2,50,000 Cr to PM Modi’s Digital India initiative.

·       London-based SP Hinduja & Family (81) of Hinduja Group shot up to 3rd position, from 6th last year, after seeing their wealth grow 43% to INR 1,03,030 Cr

·       Whilst Mumbai continues to dominate with 29% of the list residing there, Delhi came in second with 19%, followed by Bangalore with 8%

·       Manufacturing continues to dominate with 15% of the list, followed by pharmaceuticals and real estate with 9% and 6% respectively.

·       Only 61% are self-made, down by 6% from last year

·       The only self-made woman in the list is the ‘BioTech Queen’ Kiran Mazumdar-Shaw (62) who saw her net worth decrease by 6% to INR 6143 Cr

·       At 28 years, Ankit Bhati and at 29, Bhavish Aggarwal founders of Ola Cabs, “India’s answer to Uber”, are the youngest self-made Indians in the list. The Tyre prince, Rajiv Poddar (30) of Balakrishna Industries follows.

·       The combined wealth of India’s richest is a staggering US$478bn, equating to 22% of India’s GDP last year and larger than the GDPs of UAE ($402bn), South Africa ($350bn) & Singapore ($308bn).

·       For the first time, Azim Premji (69) loses the spot in Top 5, due to his philanthropic donations

·       Supported by 33% increase, with INR 47,608 Cr, Uday Kotak (55) breaks into Top 10

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

 

 

(Mumbai, 11 September 2015): Today Hurun Report released the Hurun India Rich List, a list of the richest people in India with a cut-off of INR 1,600 Cr. This is the fourth 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 net worth of living individuals as of 31 July 2015 when the rate of exchange to the US dollar was INR 64.0.

 

“Despite the weakening of the stock market and the Rupee, the Hurun India Rich List expanded by 76 entrepreneurs, showing the resilience and dynamism of the Indian private sector,” said Anas Rahman Junaid, Hurun Report India GM.

 

 

Mukesh Ambani (58) of Reliance topped the list of 296 individuals for the fourth consecutive year.  Reliance Jio, a $6bn subsidiary of RIL, plans to rollout 4G across India. RIL procured world's most sophisticated armored Mercedes S600 for Mukesh Ambani.

 

Dilip Shanghvi (59) of Sun Pharmaceuticals retained his 2nd place despite a 2% decline in his wealth. Ongoing integration problems of generic drug maker Ranbaxy continues to hit revenue and profitability of Sun Pharma. In Feb 2015, Sanghvi agreed to buy a 23% stake in Indian wind turbine maker Suzlon Energy for US$290m

 

SP Hinduja & Family (81) is the 3rd richest person on the list with a net worth of INR 1,03,030 Cr. The Hinduja family controls a highly diversified empire with interests spanning automotive, oil& gas, banking, IT, power, media, real estate, healthcare & trading with annual revenues in excess of INR 1,50,000 Cr. Hinduja announced an investment of INR 64,000 Cr into infrastructure and power sector in India, the biggest ever commitment yet by the family for this region.


 

Table 1: Hurun India Rich List 2015 – Top 10

 

Rank

Name

Wealth INR Cr

Change

Company

Age

Residence

1-

Mukesh Ambani

160,950

-3%

Reliance

58

Mumbai

2-

Dilip Shanghvi

126,290

-2%

Sun Pharma

59

Mumbai

3↑

SP Hinduja & family

103,030

43%

Hinduja

81

London

4↑

Shiv Nadar

94,020

21%

HCL

70

New Delhi

5↑

Pallonji Mistry

87,290

39%

Shapoorji Pallonji

86

Mumbai

6↓

LN Mittal

83,400

-14%

ArcelorMittal

64

London

7↓

Azim Premji

51,900

-39%

Wipro

69

Bangalore

8

Gautam Adani

50,500

15%

Adani Enterprises

53

Ahmedabad

9-

Sunil Mittal & Family

48,540

-5%

Bharti Airtel

58

New Delhi

10*

Uday Kotak

47,610

33%

Kotak Mahindra

55

Mumbai

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

 

Shiv Nadar, (70). Nadar registered a 21% increase in wealth, mainly on the back of a sharp increase in listed HCL Technologies. He is a strong competitor to Azim Premji in philanthropy; For instance, in March the philanthropic arm of the group donated HCL Technologies shares worth INR 1,150 Cr to his foundation.

 

Pallonji Mistry, (86), with a personal fortune of INR 87,290 Cr, is the 5th richest Indian and also the richest Parsi. Mistry controls a construction empire that operates across India, West Asia and Africa, and is the largest individual shareholder in Tata Sons, where his son Cyrus is currently chairman. An Irish citizen, Pallonji Mistry is known for his commitment towards promoting Irish Cricket by signing a 10 year multi million sponsorship contract with the Ireland Cricket team. From an Indian business perspective, he has committed INR 20,000 Cr towards the development of Hyderabad.

 

LN Mittal, (64), of ArcelorMittal, who started out as a scrap metal dealer in one of India’s poorest states dropped down one place to 6th with a fortune down 14% to INR 83,400 Cr. Mittal announced a INR 5,000 Cr investment into automotive steel manufacturing in India, the first greenfield investment by the LN Mittal group in India’s steel sector, after years of trying to get a foothold in the country.

 

Azim Hashim Premji, (69), India’s most generous billionaire moved down to the 7th spot; Azim Premji, the first Indian to sign the Giving Pledge, has set aside more than half of his wealth for charity by allocating an additional 18% stake in the company to fund philanthropy.

 

Telecom mogul Sunil Mittal, (58), is the 8th richest in the list with an estimated net worth of INR 48,540 Cr (up 1 rank from last year). Airtel entered 17 African countries by acquiring Zain telecom for $10bn, now divesting its tower assets in 5 African countries for $1.3bn to cut its debt and plan to divest more. He was granted the payment bank license in India- a move that could further boost the revenue by INR 1500 Cr, which should positively impact the long-term valuation of the group.

 

Gautam Adani, (53), Adani has grown Adani Group into one of the fastest growing enterprises in India, with a net worth of INR 50,500 Cr. His Adani Foundation follows a participatory approach to ensure a sense of ownership for the services it provides and the community wealth it creates. Adani managed to bag the contract for the biggest seaport project in South India.

 

Uday Kotak, (55), shot into the top 10, with a net worth of INR 47,610 Cr up 33% from last year. Fourth largest Indian private sector bank by market capitalization, in November last year, Kotak acquired ING Vysya Bank on an all-stock deal with swap ratio 0.75:1. This became one of the biggest mergers in India’s financial services sector.




Mumbai Top again


With 87 individuals, Mumbai is the capital for India’s super-rich, followed by Delhi (54) and Bangalore (22)

 

Table 2: Geographical spread of Hurun India Rich List 2015

 


 City

2015 No. of indiv

2015 %

Change in indiv

2014 %

 Richest   person

1

Mumbai

87

29%

+17

23%

Mukesh Ambani

2

New Delhi

55

19%

+16

13%

Shiv Nadar

3

Bangalore

23

8%

same

8%

Azim Premji

4

Dubai

15

5%

same

5%

Micky Jagtiani

5

Ahmedabad

10

3%

same

3%

Gautam Adani

6

Pune

11

4%

+3

3%

Cyrus S Poonawalla

7

Chennai

16

5%

+5

4%

Kalanithi Maran

8

Kolkata

10

3%

+1

3%

Benu Gopal Bangur

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

 

 

UAE & UK are the capitals for NRI’S. 36 are based outside of India, led by SP Hinduja & Family (Hinduja Group, London), followed by LN Mittal (ArcelorMittal, London), Micky Jagtiani (Landmark Group, Dubai), Anil Agarwal (Vedanta Resources, London), Romesh T Wadhwani  (Symphony Technology, Palo Alto)

 

Table 3: Hurun India Rich List 2015 – Richest Non-Resident Indians

 


Names

Wealth

(INR Ccr)

City

Company

Age

1

SP Hinduja & family

103,030

London

Hinduja

81

2

LN Mittal

83,360

London

ArcelorMittal

64

3

Micky Jagtiani

30,930

Dubai

Landmark

64

4

Anil Agarwal

24,360

London

Vedanta Resource

62

5

Romesh T Wadhwani

18,140

Palo Alto

Symphony

68

6

Yusuffali MA

17,530

Abu Dhabi

Emke

59

7

Feroz Allana

17,440

Sharjah

IFFCO

-

8

Ravi Pillai

13,900

Dubai

RP Group

65

9

Kavitark Ram Shriram

12,400

Menlo Park

Google

59

10

Manoj Bhargava

12,290

Farmington Hills

5 Hour Energy

62

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

 

Manufacturing sector continues to rule


The fastest wealth growing sector is Mobile Phones followed by Chemicals and Leather products. Manufacturing has produced 15% of entries in the Hurun India Rich List 2015, followed by Pharma and Real estate. Other industries that have had a good year include FMCG, Jewelry, Food & Beverage, Media and Entertainment.


Table 4: Hurun India Rich List 2015 – Industry breakdown

 


Industry

2015

2014

Richest individual

1

Manufacturing

15%

16%

SP Hinduja

2

Pharmaceuticals

9%

8%

Dilip Shanghvi

3

Real estate

6%

6%

Kushal Pal Singh

4

FMCG

5%

8%

Anand Burman

5

Food & Beverages

4%

4%

Feroz Allana

6

Media & Entertainment

4%

4%

Subhash Chandra

7

Jewelry

6%

5%

Rajesh Mehta

8

Healthcare

3%

3%

Malvinder Singh & Shivinder Singh

9

Energy

3%

3%

Mukesh Ambani

10

Technology

4%

5%

Shiv Nadar

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

 


 

Gainers

 

The biggest gain registered was a 593% increase by Dhiraj Rajaram (40), the founder of Mu Sigma. PNC Menon’s investment arm, PNC Investments has further boosted up his net worth to INR 10,960 Cr.

 

Table 5: Hurun India Rich List 2015 – Biggest Gainers


Name

Wealth (INR Cr)

% Change

Company

Location

Age

Industry

1

Dhiraj Rajaram

17,800

593%

Mu Sigma

Bangalore

40

E-Commerce

2

Sameer Gehlaut

9,800

445%

India Bulls

Mumbai

41

Financial Services

3

Balkrishnan Goenka

9,820

308%

Welspun

Mumbai

49

Tubes and Pipes

4

PNC Menon

10,960

279%

PNC Investments

Bangalore

67

Real estate

5

Nusli Wadia

29,380

277%

Britannia

Mumbai

71

FMCG

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

 



All the young entrepreneurs under 40 in Hurun India Rich List 2015 are active in their respective business

 

  • At 62, the average      age is same as that of last year; with 11 under 40

  • The youngest      person on the list is Ankit Bhati      (28) co-founder of Ola Cabs

  • The oldest is Basant Kumar Birla, 94, of Century      Textiles

  • Yogarathinam Nadar, 76, of Saravana Stores, who was a new entrant in      Hurun India Rich List 2015, passed away on 3 September 2015.


Table 6: Hurun India Rich List 2015 – Entrants under 40


S.NoNameAgeWealth   2015 (INR Cr)City CompanySelf-Made   DegreeIndustry
1Ankit Bhati282,385MumbaiOla cab4Technology
2Bhavish Aggarwal292,385MumbaiOla cab4Technology
3Rajiv Poddar304,226MumbaiBalkrishna3Tyres
4Kunal Bhal322,314DelhiSnapdeal4E-Commerce
5Binny Bansaal349,010BangaloreFlipkart4E-Commerce
6Sachin Bansaal349,010BangaloreFlipkart4E-Commerce
7Nishita Shah Federbush & Family362,914BangkokPrecious Shipping3Logistics 
8Shivinder Singh3715,143New   DelhiFortis Healthcare3Healthcare
9Vijay Shankar Sharma 382,824DelhiPaytm4E-Commerce
10Malvinder Singh3915,140New   DelhiFortis Healthcare3Healthcare
11Naveen Tewari391,683BangaloreInmobi4Technology
12Rahul Sharma 404,070GurgaonMicromax4Mobile   phones
13Jai R Shroff403,376HyderabadAdvanta 4Agriculture



Only 3% women


Men dominate, with just 3% women occupying a place in the list. Indu Jain (78), is the richest woman with a personal fortune pegged at INR 19,179 Cr and bags the 33rd position in the Hurun India Rich List 2015. She is followed by Savitri Jindal and Family (65) at INR 15,680 Cr. The only self-made women entrepreneur is Kiran Mazumdar-Shaw (62) of Biocon, with a net worth of INR 6,143 Cr.

 

Table 7: Hurun India Rich List 2015 – Richest Women in India

 


Name

Wealth

%

Change

Age

 Company

Location

Industry

(INR Cr)

1

Indu Jain

19,179

52%

78

Bennett   Coleman

New Delhi

Media & Entertainment

2

Savitri Jindal

15,680

-56%

65

JSPL

Hisar

Steel

3

Mallika Srinivasan

9,561

33%

56

TAFE

Chennai

Manufacturing

4

Anu Aga

8,174

20%

73

Thermax  

Pune

Energy

5

Kiran Mazumdar-Shaw

6,143

-6%

62

Biocon

Bangalore

Pharmaceuticals

6

Madhu Kapur

3,926

17%

52

Yes   Bank

Mumbai

Financial Services

7

Nishita Shah Federbush

2914

New

36

Precious   Shipping

Bangkok

Logistics

8

Shobhana Bhartia

1,922

-70%

58

Hindustan Times

New Delhi

Media & Entertainment

 


 

Largest public traded companies

 

Of the publicly traded companies on the list, Mukesh Ambani’s Reliance has the highest valuation of INR 32,35,069 Cr (contributing 5.01% to the NIFTY index), followed by Infosys with INR 24,76,221 Cr and Sun Pharmaceutical INR 19,79,884 Cr. Behind that are Tata Motors & Bharti Airtel with market cap of INR 10,96,290 and INR 16,73,311 Cr respectively.

 

 

Table 8: Hurun India Rich List 2015 - Self-Made Degree 

 

Self-Made Degree

No Of Individuals

Richest Individual

Company

Age

Wealth INR Cr.

5

34

Shiv Nadar

HCL

70

94,019

4

150

Dilip Shanghvi

Sun Pharma

59

1,26,289

3

109

Mukesh Ambani

Reliance

58

1,60,951

2

2

Anil Ambani

ADA Reliance

55

27,359

1

1

Rishad Naoroji

Godrej

64

15,944

Source: Hurun India Rich List. For more details visit www.hurun.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 37% of the list. Third was inheriting a business and growing it into a much bigger entity, with 11% and only one person was Self-Made Degree 1.



Industry analysis


The industries that added the most number of new millionaires to the list were FMCG, Manufacturing, Mobiles, Technology and e-commerce.

 

Backed by strong stock market performance of circa 12%, FMCG has produced most number of new faces. The indigenous mobile phone companies seem to have finally obtained comsumer acceptance, helping the companies such as Micromax, Lava and Karbon adding news faces into the list. For a snapshot on the industry that added most number of new entries, refer the table below.

 

 

 

Table 9: Industry producing most number of new entrants

Industry

No.of new additions

Cumulative Wealth 2015 (INR Cr)

Richest New Individual  2015

Company

FMCG

12

 25,732

Ajay Jaisinghani

Polycab

Mobile Phones

9

 25,492

Rahul Sharma

Micromax

Manufacturing

8

 20,266

Atul Chandrakant Kirloskar & Brothers

Kirloskar

Jewelry

7

 21,008

Amit Bhansali

Rosy Blue

Technology

5

 12,230

Anand Suresh Deshpande

Persistent Systems

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

 

 

 

Manufacturing

Almost 15% of the Hurun India Rich List 2015 belonged to the manufacturing sector; the fastest riser is Satyanarayan Nandlal Nuwa (63), of Bharat Forge, who gained 30 places, registering a growth in net worth of 45%. Lachman Das Mittal of Sonalika, falling 90 places to 192, witnessed the biggest fall in rank. Average wealth of the Manufacturing sector was INR 12,040 Cr, with Maharashtra as the preferred hub for manufacturing followed by Delhi.

 

 


 

Pharmaceuticals

The Pharma sector had another very good year, with wealth of this sector rising at an average of 26%. Hasmukh Chudgar of Intas who registered an increase of 171% in net worth is the biggest gainer in the pharma sector. The majority of the Pharma millionaires hailed from Maharashtra, followed by Andhra Pradesh & Gujarat. It may be noted that all HNIs of the Pharma sector continue to reside & do business from India.

 

Real estate

17 individuals derived their wealth from the Real estate sector. This sector saw its wealth increase on an average of 2% compared to that of last year. Atul Chordia & Sagar Chordia (49), of Panchshil Reality, saw his wealth grow by 48% during the period 2014-15. Atul Ruia (44), of Phoenix Mills is the youngest real estate tycoon on the list.

 

TMT

The TMT sector has produced 47 individuals. With 12 individuals, Bangalore seems to be the technology hub & 25% of these companies are listed. The fastest riser is Dhiraj Rajaram, of Mu-sigma, who rose up the list by 127 places; Rajaram registered a 490% growth in net worth compared to last year. The biggest fall in rank was witnessed by Shobhana Bhartia of Hindustan Times; her rank fell 115 places to 276.

 

E- Commerce

In dollar terms E-commerce shows 48% spike in wealth for existing names and 126% spike considering the new entrants into the list. Latest fund raising activities fuelled high valuation for all ecommerce companies. Despite a soaring valuation bubble in the industry, Just Dial is an exception in the list; Venkatachalam Sthanu Subramani lost nearly 80% wealth in INR terms due to share devaluation of Just Dial.

 

FMCG

The FMCG sector had a very good year, with wealth of this sector rising at an average of 57%. The biggest gainer in the 2015 Hurun India Rich List is from the FMCG sector – Nusli Wadia of Britannia, registered an increase of 277% in net worth.

 

 

Stock Markets Performance

Bombay Stock Exchange (BSE) Sensex rose 9.4% from 25,480 on August 1 2014 to 28,814 on July 31 2015. For the year under review, BSE Mid Cap (19.2%) and BSE Small Cap Index (16.4%) outperformed the benchmark index (9.4%). Sensex out performed Global indices S&P 500 (8.4%) and DJIA (6.8%). At a sectorial level, 7 out of the 10 sectorial indexes outperformed the benchmark index; Energy, Utilities and Basic Material underperformed compared to the market. Currently, Indian stock market seems to be trading at a high valuation 20.3x compared to 5 year historical average of 17.4x.

 


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

 

·       Kumar Mangalam Birla was summoned as accused in the Coal Gate scandal. Fuelled by a 46% drop in market price of Hindalco, the net worth of Kumar Mangalam Birla dropped by over a third

·       Vellayan stepped down as Murugappa chairman on insider trading charges. The regulator alleged that Vellayan had passed price sensitive information pertaining to the acquisition of Sabero by Coromandel

·       FMCG major Dharampal Satyapal Ltd has produced 5 new entries in the list, the most by any company. India's online retailer Snapdeal raised $500 million, valuing the 5 year old internet startup at US$6 Bn

  • NRIs are getting      richer. 35 NRIs have a combined      wealth of INR 21,700 Cr



Stats: Record Highs


·       Cut-off to make list was INR 1600 Cr, with a record high of 296 individuals up from 235 last year and 141 the year before.

·       The number of dollar billionaires has jumped to a record high too, with 124 individuals, up 15 from last year.

 

Table 10: 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


Source: The Hurun Research Institute 2015



Cut-off (in INR Cr)


Table 11: Table analyses the cut-off required for Top 10, 50 and 100


2015 INR Cr

2014 INR Cr

2013 INR Cr

2012 INR Cr

Top 10

47,000

44,000

46,600

30,780

Top 50

15,100

11,500

7,600

5,940

Top 100

7,900

6,500

3,800

1,620

Source: The Hurun Research Institute 2015


Table 12: Companies that produced the highest number of individuals on the list 

Company Name

No. of individuals

DS

5

Infosys

5

Micromax

4

Lava International

4

Polycab

4

Asian Paints

3

Kiran Gems

3

Godrej

3

 

 

 

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 1800 richest individuals in China. Hurun Report has since 2012 expanded to producing the India Rich List and the Global Rich List, allowing for comparisons between two of the most dynamic economies in the world.

 

Hurun Report is a leading media platform with its head office in Shanghai, China. Hurun Report Inc. has a stable of four media titles.  Hurun Report has an active conferencing division, with its annual India Rich List launch dinner in November in Mumbai.

 

Hurun Report Inc. publishes The Hurun Schools Guide Series, Wings & Water and Horse & Polo. The Hurun Schools Guide Series is targeted at parents looking to send their children to some of the world’s most prestigious high schools and undergraduate programmes.  Somewhat akin to a ‘Lonely Planet’ of education, the series now covers schools from 10 countries including the UK, US, Canada, Australia, New Zealand, Switzerland and Singapore.

 

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.

 

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.

 


 

Hurun India Rich List 2015 -- Top 100

RankChange NameDegree   of SelfmadenessWealth   INR Cr.Change CompanyIndustryAgeResidence
in Rankin 

Wealth
10Mukesh   Ambani3160,950-4,187Reliance Energy58Mumbai
20Dilip Shanghvi4126,290-2,384Sun PharmaPharmaceuticals59Brasschaat
33SP Hinduja & family3103,03031,030HindujaManufacturing81London
41Shiv Nadar594,02016,185HCLTechnology70New   Delhi
52Pallonji Mistry387,29024,340Shapoorji PallonjiEngineering & Construction86Mumbai
6-3LN Mittal483,400-13,916ArcelorMittalSteel64London
7-3Azim Premji451,900-33,738WiproTechnology69Bangalore
82Gautam Adani450,5003,904Adani EnterprisesInfrastructure53Ahmedabad
90Sunil Mittal & Family448,540-2,779Bharti AirtelTelecom58New   Delhi
103Uday Kotak547,61011,818Kotak MahindraFinancial Services55Mumbai
111Cyrus S Poonawalla442,2516,251SerumPharmaceuticals74Pune
123Anand Burman & Family340,8569,778DaburFMCG63New   Delhi
13-5Kumara Mangalam Birla339,653-21,967Aditya BirlaManufacturing48Mumbai
142Desh Bandhu Gupta439,0949,828LupinPharmaceuticals77Mumbai
153Adi Godrej331,8884,813GodrejFMCG73Mumbai
153Jamshyd Godrej331,8884,813GodrejFMCG73Mumbai
1711Pankaj Patel331,77811,989CadilaPharmaceuticals62Ahmedabad
1815Vikram Lal331,26314,742Eicher MotorsAutomobile73New   Delhi
191Micky jagtiani430,9274,763LandmarkMulti Brand Retail64Dubai
2066Nusli Wadia329,38121,595BritanniaFMCG71Mumbai
218Subhash Chandra429,1379,508ZeeMedia & Entertainment64Mumbai
225Benu Gopal Bangur428,2738,393Shree CementsManufacturing84Kolkata
23-12Anil Ambani327,359-15,539ADA RelianceInfrastructure55Mumbai
24-3Rahul Bajaj327,1202,647Bajaj AutoAutomobile77Pune
250Anil Agarwal424,3583,829Vedanta ResourceEnergy62London
26-4Brijmohan Lall Munjal & Family523,440-544Hero MotoAutomobile92Ludhiana
274Yusuf Hamied323,0495,712CiplaPharmaceuticals78Mumbai
288Madhukar Parekh322,0067,606PidiliteManufacturing69Mumbai
29-6Shashi Ruia421,269-2,121EssarEnergy71Mumbai
29-6Ravi Ruia421,269-2,121EssarEnergy66Mumbai
3112Ashwin Dani320,2357,265Asian PaintsManufacturing73Mumbai
3223Ajay Piramal319,4218,808Piramal EnterprisePharmaceuticals60Mumbai
3313Indu Jain319,1796,587Bennett ColemanMedia & Entertainment78New   Delhi
344GV Prasad418,6254,729Dr. Reddy's LabPharmaceuticals74Hyderabad
3514Harsh Mariwala318,6077,017MaricoFMCG64Mumbai
3659A Vellayan Murugappa & Family318,46311,486Carborundum Abrasives62Chennai
37-2Romesh T Wadhwani418,1373,137SymphonyTMT68Palo   Alto
38127Dhiraj Rajaram417,78914,789Mu SigmaTechnology-Bangalore
39-7Chandru Raheja417,575923Shoppers StopMulti Brand Retail75Mumbai
4016Yusuffali MA517,5347,440EmkeMulti Brand Retail59Abu   Dhabi
41-7Feroz Allana517,4431,843IFFCOFood & Beverages-Sharjah
42-25Kushal Pal Singh416,855-11,160DLFReal estate84New   Delhi
43-4PV Ramaprasad Reddy416,5062,925Aurobindo PharmaPharmaceuticals57Hyderabad
443Baba Kalyani316,0834,188Bharat ForgeManufacturing66Pune
45-15Rajan Raheja415,951-1,439Hathway CableMedia & Entertainment61Mumbai
46-1Rishad Naoroji115,9443,344GodrejFMCG64Mumbai
47-33Savitri Jindal & Family115,680-20,069JSPLSteel65Hisar
48-4Vijay Chauhan & Family315,3492,748Parle ProductsFood & Beverages79Mumbai
4914Malvinder Singh315,1405,327Fortis HealthcareHealthcare39New   Delhi
4914Shivinder Singh315,1405,327Fortis HealthcareHealthcare37New   Delhi
51-3Murali Divi414,9253,236Divi's LabPharmaceuticals63Hyderabad
5210Ashwin Choksi314,7224,858Asian PaintsManufacturing72Mumbai
535Glenn Saldanha & Family314,5554,520Glenmark  Pharma Pharmaceuticals77Mumbai
547Abhay Vakil314,2854,392Asian PaintsManufacturing64Mumbai
5510Ravi Pillai513,9004,300RPReal Estate65Dubai
56-19Vivek Chaand Sehgal413,583-533Motherson SumiManufacturing59New   Delhi
5746Habil Khorakiwala513,3217,179WockhardtHealthcare73Mumbai
58-8Ravi Jaipuria413,2541,734RJ CorpManufacturing60New   Delhi
59-17Kalanithi Maran312,697-445Sun NetworkMedia & Entertainment50Chennai
60-8NR Narayana Murthy412,6881,748InfosysTechnology69Bangalore
61-20Kavitark Ram Shriram412,400-803Google TMT59Menlo   Park
623Manoj Bhargava412,2912,6915 Hour EnergyFood & Beverages62Farmington   Hills 
6337Radhe Shyam Agarwal412,0515,678Emami FMCG69Kolkata
6337Radhe Shyam Goenka412,0515,678Emami FMCG68Kolkata
65-14Qimat Rai Gupta511,803782Havells IndiaManufacturing78New   Delhi
6621Sudhir Mehta311,6224,053Torrent PharmaPharmaceuticals61Ahmedabad
6621Samir Mehta311,6224,053Torrent PharmaPharmaceuticals52Ahmedabad
68-14Vinod Khosla411,477677Khosla VenturesInvestments60Portola   Valley
691Ratan Tata311,3172,317Tata SonsManufacturing78Mumbai
7062Mannalal B Agarwal & Family411,1656,637Ajanta PharmaPharmaceuticals68Mumbai
71102PNC Menon510,9588,066PNC InvestmentsReal estate67Bangalore
726Sanjay Singal310,8432,263Bhushan Power & SteelHeavy Industry56New   Delhi
73-3Swraj Paul410,7121,712Caparo Manufacturing84London
74-7Samprada Singh410,3731,049Alkem LaboratoriesPharmaceuticals89Mumbai
75-1Mangal Prabhat Lodha59,9811,039Lodha Real estate59Mumbai
7649Ranjan Pai39,9235,123Manipal EducationEducation42Bangalore
77109Balkrishnan Goenka59,8197,410Welspun CorpTubes and Pipes49Mumbai
78121Sameer Gehlaut49,8148,014Indiabulls FinancialFinancial Services41Mumbai
79-9Sunny Varkey39,778778Gems EducationOther Services58Dubai
801Mofatraj Munot59,7211,713Kalpataru  Real estate71Mumbai
819Mallika Srinivasan39,5612,361TAFEManufacturing56Chennai
82-6S Gopalakrishnan49,288490InfosysTechnology60Bangalore
83-26Rajesh Mehta59,088-949Rajesh ExportsJewellery50Bangalore
84-1VG Siddhartha49,0391,173Mindtree Technology56Bangalore
8558Binny Bansaal49,0105,104FlipkartE-Commerce34Bangalore
8558Sachin Bansaal49,0105,104FlipkartE-Commerce34Bangalore
87-61Prakash Lohia48,962-11,160IndoramaManufacturing63London
8848Anand Mahindra38,9474,673M&M Automobile60Mumbai
8928Tony  Jashanmal38,9443,544Jashanmal Multi Brand Retail67Dubai
90-13Nandan Nilekani48,862274InfosysTechnology60Bangalore
9128Ramesh Genomal & Family48,7553,676Page IndustriesManufacturing62Bangalore
92-17Aloke Lohia48,611-243IndoramaManufacturing57Bangkok
93-53Gautam Thapar38,575-4,926Crompton GreavesManufacturing54New   Delhi
942Rajju Shroff58,5191,707United PhosphorusManufacturing78Mumbai
95-6Hemendra Kothari48,5121,069DSP BlackRockInvestments69Mumbai
96-37Nirav Modi38,276-1,643Firestar DiamondsJewellery44Mumbai
970Anu Aga38,1741,371Thermax Energy73Pune
98-6Devendra Kumar Jain48,1611,014Gujarat FlourochemicalsManufacturing86New   Delhi
9966Hasmukh Chudgar & Family48,1195,119Intas PharmaPharmaceuticals79Ahmedabad
100-21Rakesh Jhunjhunwala57,980-193Rare EnterprisesInvestments55Mumbai