Top 10 Richest People in India in 2024

India, known for its diverse culture and booming economy, is home to some of the world’s wealthiest individuals. This article delves into the top 10 richest people in India in 2023, exploring who they are, what they do, and the major sources of their wealth. Please note that this information is accurate as of June 2023 and is subject to change as the financial landscape evolves.

Top 10 Richest People in India in 2024

Let’s delve into the list of the top 10 richest Indians

Mukesh Ambani – $83.4 B

Mukesh Ambani is the Chairman and Managing Director of Reliance Industries Limited, a conglomerate with interests in petrochemicals, refining, oil, and telecommunications. Ambani’s wealth primarily comes from his stake in Reliance. Under his leadership, Reliance has grown into one of India’s most valuable companies by market value. The launch of Jio, a telecom network, has significantly disrupted the Indian telecom market, adding to Ambani’s wealth.

Gautam Adani – $47.2 B

Gautam Adani is the Chairman of the Adani Group, a multinational conglomerate involved in ports, logistics, agribusiness, power generation, and transmission. Adani’s wealth comes from his holdings in the various companies under the Adani Group. The group’s ventures into renewable energy and airport management have been particularly successful, contributing significantly to Adani’s net worth.

Shiv Nadar – $25.6 B

Shiv Nadar is the founder of HCL Technologies, a multinational IT services and consulting company. Nadar’s wealth comes from his stake in HCL Technologies. Under his leadership, HCL has grown into a global IT player, providing services to several Fortune 500 companies and employing thousands of people worldwide.

Cyrus Poonawalla – $22.6 B

Cyrus Poonawalla is the Chairman of the Poonawalla Group, which includes the Serum Institute of India, the world’s largest vaccine manufacturer by the number of doses produced. Poonawalla’s wealth primarily comes from the Serum Institute, which has played a crucial role in global immunization campaigns.

Lakshmi Mittal – $17.7 B

Lakshmi Mittal is the Chairman and CEO of ArcelorMittal, the world’s largest steelmaking company. Mittal’s wealth comes

from his stake in ArcelorMittal. Known as the “Steel Baron,” Mittal has been instrumental in consolidating the fragmented global steel industry.

Savitri Jindal – $17.5 B

Savitri Jindal is the Chairperson of the Jindal Group, a conglomerate with interests in steel, power, and infrastructure. Jindal inherited her wealth from her late husband, Om Prakash Jindal, who founded the group. Today, her four sons manage various businesses under the Jindal Group.

Dilip Shanghvi – $15.6 B

Dilip Shanghvi is the founder of Sun Pharmaceuticals, India’s most valuable pharmaceutical company. Shanghvi’s wealth comes from his stake in Sun Pharmaceuticals. Under his leadership, Sun Pharmaceuticals has grown through strategic acquisitions and a focus on specialty and generic medicines.

Radhakishan Damani – $15.3 B

Radhakishan Damani is the founder of DMart, a chain of hypermarkets in India. Damani, a veteran stock trader, ventured into retail with DMart, which has grown rapidly due to its focus on low prices and efficient supply chain management. Damani’s wealth primarily comes from his stake in DMart.

Kumar Birla – $14.9 B

Kumar Birla is the Chairman of the Aditya Birla Group, a conglomerate with interests in metals, cement, textiles, and telecommunications. Birla’s wealth comes from his holdings in the various companies under the Aditya Birla Group. Under his leadership, the group has expanded its operations globally and diversified into new sectors.

Uday Kotak – $14.5 B

Uday Kotak is the founder and CEO of Kotak Mahindra Bank, one of India’s leading private-sector banks. Kotak’s wealth comes from his stake in Kotak Mahindra Bank. Under his leadership, the bank has grown significantly and has a strong presence in retail banking, wealth management, and investment banking.

List of Top 10 Richest Indians and their networth

NameNet WorthCompany
Mukesh Ambani$83.4 BReliance Industries Limited
Gautam Adani$47.2 BAdani Group
Shiv Nadar$25.6 BHCL Technologies
Cyrus Poonawalla$22.6 BPoonawalla Group
Lakshmi Mittal$17.7 BArcelorMittal
Savitri Jindal$17.5 BJindal Group
Dilip Shanghvi$15.6 BSun Pharmaceuticals
Radhakishan Damani$15.3 BDMart
Kumar Birla$14.9 BAditya Birla Group
Uday Kotak$14.5 BKotak Mahindra Bank

These are the top 10 richest people in India who are shaping the country’s business landscape. Their wealth is a testament to their innovation, strategic leadership, and entrepreneurial spirit. As we move further into 2023, it will be fascinating to see how this list evolves and who will emerge as the wealthiest individuals in India.