India’s Wealthiest Individuals of 2023

Delve into the remarkable wealth and achievements of India’s top ten wealthiest individuals in 2023, representing diverse industries.

As India’s economy continues to flourish, curiosity often arises regarding the nation’s ten richest individuals. In 2023, Forbes’ World’s Billionaires list welcomes 169 Indian entries, a notable increase from the previous year’s 166.

Mukesh Ambani: India Rank #1, Global Rank #11, Net Worth – $96.8 B, Company – Reliance Industries

Mukesh Ambani, the Chairman and Managing Director of Reliance Industries, stands atop the list. Reliance Industries, with a staggering revenue exceeding Rs 8 lakh crore ($104 billion), operates across diverse sectors including petrochemicals, oil, gas, retail, and telecom. Ambani’s children, Akash, Anant, and Isha, actively manage various facets of this conglomerate.

Gautam Adani: India Rank #2, Global Rank #23, Net Worth – $58.5 B, Company – Adani Group

Gautam Shantilal Adani, the founder and chairman of the Adani Group, is renowned for the multinational conglomerate’s involvement in port operations, development, and various sectors such as ports, airports, power generation, and green energy. Despite recent controversies, Adani remains a prominent figure in India’s business landscape.

Shiv Nadar: India Rank #3, Global Rank #50, Net Worth – $29.4 B, Company – HCL Technologies

Shiv Nadar, the proprietor of the HCL group, boasts a prestigious clientele including Cisco, Microsoft, and Boeing. Acknowledged for his contributions to the IT industry, Nadar received the Padma Bhushan in 2008. Additionally, he is recognized for his philanthropy, donating Rs 1,161 crore in late 2022.

Savitri Jindal & Family: India Rank #4, Net Worth – $23.7 B, Company – JSW Group

Savitri Jindal, an Indian politician and entrepreneur, holds the esteemed position of emeritus chair at the O.P. Jindal Group. The conglomerate spans various continents and includes the JSW Group, which actively contributes to the development of India’s sports ecosystem.

Cyrus Poonawalla: India Rank #5, Net Worth – $20.0 B, Company – Serum Institute of India

Cyrus Poonawalla, a significant figure in vaccine development in India, leads the Serum Institute of India. The institute holds the title of the world’s largest vaccine manufacturer, with a significant contribution to combatting the Covid-19 pandemic.

Dilip Shanghvi: India Rank #6, Net Worth – $18.7 B, Company – Sun Pharmaceutical Industries Ltd

Dilip Shanghvi, an influential Indian business tycoon, established Sun Pharmaceutical Industries. It achieved a $5 billion valuation and made strategic acquisitions, including the purchase of Ranbaxy Laboratories in 2014.

Radhakishan Damani: India Rank #7, Net Worth – $17.0 B, Company – DMart, Avenue Supermarts

Radhakishan Shivkishan Damani, an Indian entrepreneur and investor, founded Avenue Supermarts Limited, running over 200 DMart stores in India. He also manages his investment ventures through Bright Star Investments Limited.

Kumar Birla: India Rank #8, Net Worth – $16.6 B, Company – Aditya Birla Group

Kumar Birla leads the Aditya Birla Group, recognized for its involvement in commodities, aluminium, cement, and financial services. Ananya and Aryaman Birla, Kumar’s children, have recently joined the board of flagship companies.

Lakshmi Mittal: India Rank #9, Net Worth – $16.4 B, Company – ArcelorMittal

Lakshmi Mittal serves as the Chairman and CEO of ArcelorMittal, the world’s largest steel manufacturer. Recent geopolitical events impacted the company’s operations, particularly in Ukraine.

Uday Kotak: India Rank #10, Net Worth – $13.5 B, Company – Kotak Mahindra Bank

Uday Kotak, the Founder and Managing Director of Kotak Mahindra Group, has made strategic moves to ensure regulatory flexibility and compliance. His son, Jay Kotak, is being groomed for leadership within the organization.