1. Top 10 Wealthiest Indian
Entrepreneurs in 2012

2. • India’s rich are back after conceding ground last year.
The combined wealth of the 100 richest people in
India has increased by about $9 billion to $250.6
billion in 2012. This can be accounted to Prime
Minister Manmohan Singh’s reform push and a
renewed Sensex. This year, we have 61 billionaires
where we had 57 in 2011. Also the entry barrier has
gone a little higher with at least $460 million needed
to make the coveted list, from $370 million a year
earlier. Most of the wealth is still in the hands of the
elders in our nation which has 65 percent of
population under the age of 30. Behind the numbers,
the India Rich List is an intriguing story of admirable succ
. Let us look at the top 10 of them.

4. • Kumar Birla
$7.8 billion
Source: Commodities
Age: 45. Married, 3 children
Residence: Mumbai
• His Aditya Birla
Group is generating revenue of $40 billion and is aiming to re

5. Kumar Mangalam Birla is an Indian industrialist and
the Chairman of the Aditya Birla Group, one of the
largest conglomerate corporations in India. The
groups is India's third largest business house. He is
also the Chancellor of the Birla Institute of
Technology & Science
In April, bought a 50 percent stake in Pantaloon
Retail for $150 million. In July it acquired Canadian
pulp mill Terrace Bay for $110 million and will be
investing $250 million more. Group is also
negotiating to buy Jaiprakash Gaur’s cement
business that is at 70th position on this list. In his
first venture into media, he bought 27.5 percent in
Living Media,
which publishes magazines India Today and Business

7. • Hinduja Brothers
$8 billion
Source: Diversified
Residence: London/Geneva/Mumbai

8. • Their Flagship brand Ashok Leyland has a
25 percent share of the commercial
vehicles market in India and its Indian-listed
IndusInd Bank now has a market cap of $3
billion. It has interests in defence, energy,
petroleum, media and technology.

10. • Shashi & Ravi Ruia
$8.1 billion
Source: Diversified
Age: 68. Married, 2 children
Age: 63. Married, 2 children
Residence: Mumbai/London

11. • Ravikant Nand Kishore Ruia is the Vice-Chairman of Essar
Group (founded in 1969 by Ruia and his brother Shashi Ruia
).
• In 2012, Forbes named Brothers Shashi and Ravi Ruia as the
world's first richest Indians with a net worth of US$7 billion.
• Ravi Ruia is a mechanical engineer by profession, with a
degree from College of Engineering, Guindy - Anna University
in Chennai, India, and has played an important role in steering
the Essar Group to its pre-eminent position. The Essar Group
is a multinational conglomerate and a leading player in the
sectors of steel, oil & gas, power, communications, shipping,
ports & logistics, projects and minerals. With operations in
more than 20 countries across five continents, the group
employs 75,000 people, with revenues of US$17 billion.
Notably he is the 12th richest person living in the united
kingdom, as in the Sunday times rich list 2011.
• In December 2011, Ruia was charged by India’s
Central Bureau of Investigation over alleged corruption
involving the sale of India's 2G spectrum. He was charged
alongside two other exectives from the Essar Group.

13. • Savitri Jindal
$8.2 billion
Source: Steel, power
Age: 62. Widow, 9 children
Residence: Hisar/Delhi

14. • Savitri Jindal is an Indian steel baroness, the
wealthiest woman in India and the world's 80th
richest person. She is the non-executive
chairperson of O.P. Jindal Group, and member
of the Haryana Vidhan Sabha, (Legislative
Assembly). She also served as aMinister of
Power in the Government of Haryana until 2010.
She became the chairperson after her husband,
O. P. Jindal, died in a helicopter crash in 2005.
• As of March 2012, Savitri Jindal and her family
were listed by Forbes as the world's 80th
"richest person", with a net worth of US$10.9
billion. They ranked as the fourth richest in
India. Among the billionaire mothers listed in
2010, Jindal had the most children (nine)

16. • Adi Godrej
$9 billion
Source: Consumer goods, real estate
Age: 70. Married, 3 children
Residence: Mumbai

17. Adi Godrej ; born 3 April 1942) is an Indian industrialist and
philanthropist. As of 2012, he is one of the richest Indians
with net worth of US$9 billion. Godrej received his
undergraduate degree from MIT and his MBA from the
MIT Sloan School of Management,
Godrej Group has revenue of $3.8 billion. It is a consumer
good conglomerate that makes everything from locks to
refrigerators. Chocolate maker Hershey’s recently bought
out Godrej’s 43 percent stake in their Indian joint venture.
In April, son Pirojsha, a Columbia University grad, was
appointed chief executive of fast-expanding property arm
Godrej Properties. Daughter Nisaba is considered favorite
to head listed Godrej Consumer Products.
• Fast facts
His biography, published by Penguin, is being released in
December. He’s currently president of the Confederation
of Indian Industry.

19. • Dilip Shanghvi
$9.2 billion
Source: Pharmaceuticals
Age: 57. Married, 2 children
Residence: Mumbai

20. • Dilip Shanghvi (born 1955 in Mumbai, India) is the
founder and managing director of Sun Pharmaceutical
Industries Limited. Sun Pharma was founded in 1982
and it is currently the fifth-largest drugmaker in India.
Shanghvi is estimated to be worth $9.2 billion as of 2012
by Forbes, and was ranked the 5th richest person in
India. Shanghvi holds bachelor of Arts/Science degree
from the University of Calcutta.
• Shanghvi enters top 5 ranks for the first time as shares
of his 1982 founded Sun Pharmaceutical Industries
gained nearly 50 percent in past year, hitting a record
high in October. It is the country’s most valuable drug
maker.

22. • Pallonji Mistry
$9.8 billion
Source: Diversified
Age: 83. Married, 4 children
Residence: Mumbai

23. • Pallonji Shapoorji Mistry (born 1929) is an Irish
construction tycoon and chairman of Shapoorji Pallonji
Group. According to Forbes, his wealth is estimated to
be US$9.7 billion as of 2012 making him the wealthiest
person of Parsi descent. With his 18.4% stake in Tata
Sons, he is the single largest shareholder in India's
largest private conglomerate Tata Group. He is also the
Chairman of the Shapoorji Pallonji Group through which
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 in order to
obtain Irish citizenship, because India does not yet allow
dual citizenship. His son Cyrus has been named as the
deputy chairman of Tata Sons and succeeded Ratan
Tata on 28th December 2012. A short biography of
Mistry was written in a 2008 book by Manoj Namburu
titled The Moguls of Real Estate.

25. • Azim Premji
$12.2 billion
Source: Information technology
Age: 67. Married, 2 children
Residence: Bangalore

26. • Er.Azim Hashim Premji (born 24 July 1945) is an Indian
business tycoon and philanthropist who is the chairman
of Wipro Limited, guiding the company through four
decades of diversification and growth to emerge as one
of the Indian leaders in the software industry. According
to Forbes, he is currently the third wealthiest Indian, and
the 41st richest in the world, with a personal wealth of
$12.2 billion in 2012.
• In 2000, he was voted among the 20 most powerful men
in the world by Asia week. He has twice been listed
among the 100 most influential people by TIME
Magazine, once in 2004 and more recently in 2011.
Premji owns 79 percent of Wipro and also owns a
private equity fund, Premji Invest, which manages his $1
billion personal portfolio.

28. • Lakshmi Mittal
$16 billion
Source: Steel
Age: 62. Married, 2 children
Residence: London

29. • Lakshmi Niwas Mittal pronunciation (born 15 June 1950) is an England-based
Indian steel magnate. He is the chairman and CEO of ArcelorMittal, the world’s
largest steelmaking company. Mittal owns 41 percent of ArcelorMittal and holds a
34 percent stake in the Queens Park Rangers F.C. football team.
• Mittal is the richest man of Asian descent. Despite being the wealthiest man in
Britain, he does not hold British citizenship.He was ranked the
sixth richest person in the worldby Forbes in 2011, but dropped to 21st place in
2012, due to having lost $10.4 billion the previous year. In spite of the
drop, Forbes estimates that he still had a personal wealth ofUS$16 billion in
October 2012. He is also the 47th "most powerful person" of the 70 individuals
named in Forbes' "Most Powerful People" list for 2012. His daughter Vanisha
Mittal's wedding was the second most expensive in recorded history.
• Mittal has been a member of the board of directors of Goldman Sachs since
2008, and is also member of the board of directors of the European Aeronautic
Defence and Space Company. He sits on the World Steel Association's executive
committee, and is a member of the Indian Prime Minister’s Global Advisory
Council, the Foreign Investment Council in Kazakhstan, the
World Economic Forum’s International Business Council, and the Presidential
International Advisory Board of Mozambique. He also sits on the advisory board
of Northwestern University's Kellogg School of Management in the United States
and is a member of the board of trustees of the Cleveland Clinic.
• In 2006 The Sunday Times named him "Business Person of 2006", the Financial
Timesnamed him "Person of the Year", and Time magazine named him
"International Newsmaker of the Year 2006". In 2007, Time magazine included
him in their "100 most influential persons in the world"

31. • Mukesh Ambani
$21 billion
Source: Oil & gas
Age: 55. Married, 3 children
Residence: Mumbai

32. • Er.Mukesh Dhirubhai Ambani (born on 19 April 1957) is an Indian
business magnate who is the chairman and CEO of the Indian
conglomerate Reliance Industries Limited (RIL), the foremost company
of the Indian energy and materials conglomerate Reliance Group. The
company was ranked #99th in Fortune Global 500 and is India's most
valuable company by market value and second-largest Indian company
by turnover. Ambani remains the largest individual shareholder, with 44.7
percent stake in RIL.
• In 2010, he was named among the most powerful people in the world by
Forbes in its list of "68 people who matter most“ As of 2013, he is India's
richest man, second richest man in Asia Ambani is listed as the
22nd richest person in the world with a personal wealth of $21.5 billion.
He has retained his position as the world's richest Indian for the sixth
year in a row. He is a member of the board of directors of
Bank of America Corporation and the international advisory board of the
Council on Foreign Relations. He is also the chairman of
Indian Institute of Management Bangalore, one of the premier b-schools
in the country.
• In 2012, Forbes named him the richest sports owner in the world. He co-
owns the Indian Premier League franchise Mumbai Indians