India is 10th Richest Country in the world based on country GDP (Gross Domestic Product) and PPP (Purchasing Power Parity) calculations. According to CNN and BRICS summit survey, India will overtake China, becoming world’s biggest economy by 2050. The report predicts India’s GDP will reach $85.97 trillion in terms of purchasing power parity (PPP) by 2050, compared to China’s figure of $80.02 trillion for the same period. In simple words, India will be the richest country in the world in the year 2050.

Right-now, India is home to the fifth largest group of billionaires in the world and currently has 69 billionaires, out of which 5 are in Forbes list of top 100 richest people in the world. The collective wealth of the Indian billionaires comes to an overwhelming 398 Billion US dollars. Surprisingly, India has higher number of super rich individuals than Switzerland, Germany, Australia, Japan and France.

Did you know that Mumbai is home to 33 billionaires and is among the top six billionaire cities in the world. Despite the economy fluctuations, India has still improved its position over the last year. Indian’s are progressing well in improving urbanization, their living standard, economic growth and more.

Let us below see the list of top 10 richest Indian.

1.) Mukesh Ambani – is a number one richest Indian business tycoon who is the Chairman, Managing Director and largest shareholder of Reliance Industries Limited (RIL). It’s a part of Fortune Global 500 company and India’s second, after Tata Consultancy Services (TCS), most valuable company by market value. He is ranked 28 in the list of “The World’s Most Richest People List – Forbes” with a wealth of 22 Billion Dollars. He is in a race to become richest man in Asia soon. He is one of the richest sports owners in the world also (Mumbai Premium League). He live in a private 27-storey building in Mumbai with his family named Antilia valued at 1 billion US Dollars and it is said to be the most expensive house in the world.

Mukesh Ambani
Mukesh Ambani

Age – 56
Total Wealth – 22 Billion US Dollars
Company – Reliance
Wealth Source – Petrochemicals, Oil & Gas, Textiles
Residence – Antilia, Mumbai
Citizenship – India
Spouse – Nita Ambani
Children – Akash Ambani & Anant Ambani (Sons) Isha Ambani (Daughter)
Title – Richest Man in India

2.) Lakshmi Mittal – is an Indian steel magnate. He is the chairman and CEO of ArcelorMittal, the world’s largest steel making company. He was ranked the sixth richest person in the world by Forbes in 2011, but dropped to 21st place in 2012, due to heavy loss of $10.4 billion previous year. Despite being the second richest man in Britain, he does not hold British citizenship. His daughter Vanisha Mittal’s wedding was the second most expensive in recorded history. In 2008 the Mittals made a donation of 15 million British Pound to Great Ormond Street Hospital in London which is the largest private donation to the hospital ever given.

Lakshmi Mittal
Lakshmi Mittal

Age – 63
Total Wealth – 17 Billion US Dollars
Wealth Source – Steel Plant
Residence – London, United Kingdom
Citizenship – India
Spouse – Usha Mittal
Children – Two, Namely; Vanisha Mittal (Daughter) Aditya Mittal (Son)

3.) Azim Premji – is a third richest Indian business tycoon and philanthropist who is the chairman of Wipro Limited – a multinational IT Consulting and System Integration services company, headquartered in Bangalore, India. He is 61 richest person in the world, with a personal wealth of $13.7 billion in 2014. His company Wipro is the third largest IT services company in India and 7th largest in the world. In 2000, he was voted among the 20 most powerful men in the world by Asiaweek. And he has twice been listed among the 100 most influential people by TIME Magazine, once in 2004 and in 2011.

Azim Premji
Azim Premji

Age – 68
Total Wealth – 13.7 Billion US Dollars
Wealth Source – IT/Software
Residence – Bangalore, India
Citizenship – India
Spouse – Yasmeen Premji
Children – Rishad Premji and Tariq Premji (Sons)

4.) Dilip Shanghvi – is a fourth richest person in India who is the Founder, Chairman and Managing Director of Sun Pharmaceutical Industries Limited, India’s most valuable pharma firm. The company was founded in 1983 and it is currently the second largest drugmaker company in India after Dr Reddy’s. Sun Pharmaceutical Industries makes mega acquisition to forge its position as world’s 5th largest generics firm. Recently, Dilip Shanghvi made a deal of $ 4 Billion with Daiichi Sankyo to buy rival Ranbaxy Pharma Company.

Dalip Shanghvi
Dalip Shanghvi

Age – 58
Total Wealth – 12.7 Billion Dollars
Wealth Source – Pharmaceuticals, Drugs Maker
Residence – Mumbai, India
Citizenship – India
Martial Status – Married
Children – Aalok Shanghvi (Son) and Vidhi Shanghvi (Daughter)

5.) Pallonji Mistry – is an Indian Parsi construction tycoon and chairman of Shapoorji Pallonji Group. According to Forbes, his wealth is estimated to be US $ 12.5 billion. He owns Shapoorji Pallonji Construction Limited, Forbes Textiles and Eureka Forbes Limited. He is also the former Chairman of Associated Cement Companies. Pallonji gave up his Indian citizenship in 2003 to obtain Irish citizenship, because India does not yet allow dual citizenship, though he remains resident in Mumbai. His son, Cyrus Pallonji Mistry succeeded Ratan Tata to become chairman of the $100 billion Tata Group.

Pallonji Mistry
Pallonji Mistry

Age – 84
Total Wealth – 12.5 Billion Dollars
Wealth Source – Construction, Real Estate, Textiles
Residence – Mumbai, India
Citizenship – Ireland
Marital Status – Married
Children – Shapoor and Cyrus Pallonji Mistry (two sons), Laila and Aloo (two daughters)

6.) Hinduja Brothers – The company ‘Hinduja’ was founded in 1914 by Parmanand Deepchand Hinduja, initially operating in Mumbai, India, and later setting up their first international operation in Iran in 1919. The group has expanded under the leadership of Chairman, Srichand, supported by his brothers, Gopichand, Prakash and Ashok. The Group bought Ashok Leyland, India’s second largest HCV manufacturer in 1987. Renowned Hinduja Bank in Switzerland & IndusInd Bank in India are also part of this group. Today, the Hinduja Group has become one of the largest diversified groups in the world spanning all the continents.

Hinduja Brothers
Hinduja Brothers

Total Wealth – 9 Billion US Dollars
Wealth Source – Oil & Gas, Banks, Realty Ventures, others.
Residence – India, United Kingdom
Citizenship – India and UK
Brothers Name- Srichand, Gopichand, Prakash and Ashok Hinduja.

7.) Shiv Nadar – is an Indian industrialist and philanthropist. He is the founder and chairman of HCL and the Shiv Nadar Foundation. As of 2014, his personal wealth is estimated at $ 8.6 billion. Nadar founded HCL in the mid-1970s and transformed the IT hardware company into an IT Enterprise over the next three decades. Among its notable customers are Boeing, Microsoft, Cisco and UBS. There was a rumour that Nadar might sell his company in 10 Billion dollars, as his daughter Roshni Nadar, a member on the HCL board, was not interested in running this business.

Shiv Nadar
Shiv Nadar

Age – 68
Total Wealth – 8.5 Billion Dollars
Source Of Wealth – Information technology/ Software
Residence – New Delhi, India
Citizenship – India
Spouse – Kiran Nadar
Children – Roshni Nadar (Daughter)

8.) Adi Godrej – Adi Burjorji Godrej is an Indian industrialist and head of the Godrej family, currently serving as chairman of the Godrej Group. Till 2005, he was one of the richest Indians with a net worth of US$ 6 billion. Today, the Godrej Group Chairman has a net worth of $8.3 according to Forbes as of March 2014, making him one of the top 130 wealthiest people in the world.

Adi Godrej
Adi Godrej

Age -72
Total Wealth – 8.3 US Billion Dollars
Wealth Source – Consumer Products
Residence – Mumbai, India
Citizenship – India
Spouse – Parmeshwar Godrej
Children – Nisa Godrej & Tanya Dubash (Daughters) and Pirojsha Godrej (Son)

9.) Kumar Birla – Kumar Mangalam Birla is an Indian industrialist and the Chairman of the Aditya Birla Group, one of the largest conglomerate corporations in India. The group is India’s Fifth largest business house. He is also the Chancellor of the Birla Institute of Technology & Science. In September, its cement arm UltraTech inked a $600 million deal to buy a rival unit; the unit is now country’s largest cement producer.

Kumar Birla
Kumar Birla

Age – 46
Total Wealth – 7.7 US Billion Dollars
Wealth Source – Commodities
Residence – Mumbai, India
Citizenship – India
Spouse – Neerja Birla
Children – Ananyashree (Daughter), Aryaman Vikram and Advaitesha (Sons)

10.) Sunil Mittal – is an Indian entrepreneur, philanthropist and the founder, chairman and Group CEO of Bharti Enterprises, which has interests in telecom, retail, financial services, and agri business. The Group flagship Bharti Airtel, with operations in 20 countries across Asia and Africa and a customer base of over 275 million, is India’s largest telecom company and world’s fourth largest mobile operator.

Sunil Mittal
Sunil Mittal

Age – 56
Total Wealth – 6.7 US Billion Dollars
Wealth Source – Telecom, Textiles
Residence – New Delhi
Citizenship – India
Spouse – Nyna
Children – Eiesha Mittal (Daughter) Kavin Mittal and Shravin Mittal (Sons)

India was supposed to be one of the richest countries in the world when the British took it over in 17 century. Today, If it lack behind from being #1 country in the world is only due to corruption. Let’s be determined to fight against corruption and give back that honour back to our beautiful land – India, before 2050.



  1. To Be or not To Be ?

    Shakespeare would say , ” That is the question ”

    For Federal Reserve Board of Revenue ( Pakistan ) , that question was ,

    ” What to publish ? And what not to publish ? ”

    It seems , in Pakistan , only 1 million people [ out of a population of 140 million ] , pay income tax

    Finally , the Board published the names of those 1 million ( running into a 17,000 page directory ) , with the amount of tax paid by each

    To give to Pakistan , a loan of $ 6.7 billion ( approx Rs 41* Thousand * Crores ) , the International Monetary Fund ( IMF ) , insisted on such a publication

    Now , in India , we have 40 million people who pay personal income tax ( out of a population of approx 1220 million )

    Obviously , for India’s Income Tax Department , it would be an impossible task to publish their names in a directory – which could possibly run into 17,000*40 pages !

    Then again , India has no need for an IMF loan , what with its Personal Income Tax revenue amounting to , Rs 2.47*Lakh*Crores

    And if the incoming government at the Centre , dares to implement my suggestion of INVERSE TAXATION regime , that revenue could go up 100 times !

    Simply , ” Inverse ” the tax slabs as follows :

    > Up to Rs 2 lakhs………………… NIL
    > 2.1 – 5.0 lakhs…………………. 10 %
    > 5.1 – 10 lakhs………………….. 8 %
    > 10.1 – 20 lakhs…………………. 6 %
    > 20.1 – 50 lakhs………………… 5 %
    > 50.1 – 100 lakhs………………… 3 %
    > Above 100 lakhs…………………. 1 %

    What is likely to happen with such ” INVERSE TAXATION ” regime ?

    Following few things :

    > Total personal tax payer base will go up dramatically from current 4
    crores tax-payers

    > Total personal tax collection too , will rise dramatically

    > with this ” INVERSE TAX REGIME ” , there will be no incentive to evade
    taxes and to generate ” BLACK MONEY ”

    > There will be no resistance to accept ALL payments by cheque / electronic
    clearance !

    > The more you disclose as your income , the less you pay by way of taxes
    ( Of course , incrementally )

    > For a change , we will learn to reward honesty / efficiency / productivity !
    No need to bribe those Income Tax officers !

    > Lakhs of crores of BLACK MONEY , stashed away in bank
    lockers / gold / land – and , of course those Swiss bank accounts – will ,
    become ” WHITE MONEY ” , overnight !

    > There will be a huge surge in bank deposits ( – even with , the inevitable
    lower interest rates )

    > Banks will be awash with funds to finance businesses / infrastructure
    projects etc , encouraging entrepreneurs / self-employed to set up new
    businesses ( at 2 % interest rates of loans ) and generate millions of jobs

    > There will be a phenomenal rise in Capital Markets

    Only questions worth debating are :

    > To innovate or not ?

    > To think out-of-the-box or not ?

    > To feed poor or to teach them how to fish ?

    > To enable people to earn more or to subsidize their expenditure ?

    > To let people stand on their own legs or continue “Dependency Culture” ?

    > What is possible ? To reverse the human greed or try and harness it ?

    * hemen parekh ( 18 April 2014 / Mumbai )

  2. Why there is no girl in the business tycoon?

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