Are you curious about the leading wealth holders in India? If so, dive into our comprehensive catalog featuring the Top 15 richest individuals in India by their net worth for the year 2023.
India, presently home to around 1.45 billion people, ranks as the world’s second most populous nation. Renowned for its abundance of talent, resources, and financial assets, India has evolved into a thriving international business hub and a fertile ground for wealth creation.
In the global billionaire rankings, India claims the third position, with a remarkable count of 166 billionaires, trailing only the United States and China.
Therefore, we present to you the elite group of the 15 wealthiest Indians, complete with details of their net worth. This list is meticulously crafted based on their overall wealth and net worth.
15. Raghav Bahl:
Raghav Bahl, a notable Indian entrepreneur and media mogul, is renowned as the founder of Network18, a prominent Indian media conglomerate. Raghav Bahl’s primary sources of income primarily stem from his holdings and involvement in Network18. The assessment conducted prior to Reliance’s acquisition estimated a valuation of around 199 million dollars.
In 2014, Bahl’s family sold a majority stake in Network18 to Reliance Industries, led by Mukesh Ambani. Post-Network18, he founded Quintillion Media Pvt. Ltd., with “The Quint” as a prominent brand, focusing on digital journalism.
Bahl’s contributions have significantly impacted India’s media industry, inspiring new generations of media professionals.
Adar Poonawalla, an Indian entrepreneur, serves as the CEO of the Serum Institute of India, a leading vaccine manufacturer known for producing vaccines against diseases like polio, measles, and COVID-19.
He gained international recognition for his pivotal role in the fight against the global COVID-19 pandemic by supplying large quantities of the Oxford-AstraZeneca COVID-19 vaccine (Covishield) in India and beyond.
Poonawalla’s contributions in vaccine production and distribution continue to be globally significant, with his business circumstances potentially evolving over time.
Radha Vembu’s reputed net worth is an impressive Rs 36,000 crore, establishing her as the wealthiest self-made Indian female entrepreneur. She’s been pivotal in Zoho’s growth, offering cloud-based software solutions for businesses worldwide.
Radha Vembu, the sister of Zoho’s co-founder Sridhar Vembu, has played a central role in the company’s journey since its inception in 1996.
Under her leadership, Zoho has expanded its software portfolio, including CRM, HR, finance, and productivity tools, gaining global recognition for its user-friendly and cost-effective solutions. Radha Vembu is also engaged in philanthropic endeavors, and her contributions to the software industry are highly regarded.
12. Anand Burman:
Anand Burman, a notable Indian business figure, is closely associated with the influential Burman family, known for their prominence in India’s consumer goods industry.
Born into a legacy of entrepreneurship, he has been a key player in the success of Dabur, a renowned consumer goods company with an income of Rs 3,240 crore for 2023 with a strong presence in India and abroad.
His contributions to Dabur’s growth, including the promotion of natural and Ayurvedic products, are significant. Moreover, the Burman family has been actively engaged in philanthropic efforts, impacting communities positively.
Pallavi Shroff stands as a distinguished figure in the field of Indian law and holds the position of a senior partner at the esteemed law firm, Shardul Amarchand Mangaldas & Co.
She garners widespread acclaim for her deep expertise in areas such as corporate and commercial law, mergers and acquisitions, and the resolution of disputes. Shroff has played a pivotal role in molding the legal landscape in India, actively participating in numerous high-profile cases and corporate transactions.
Her illustrious legal career spans several decades, firmly establishing her as one of the foremost legal practitioners in India. Shroff’s substantial contributions to the legal profession have garnered her numerous accolades and well-deserved recognition.
10. Uday Kotak:
Uday Kotak, the visionary behind Kotak Mahindra Bank’s success, is a self-made billionaire and currently holds the 10th position among India’s wealthiest individuals. His journey began with ownership of a financial company, and in 2003, he obtained a banking license, laying the foundation for Kotak Mahindra Bank.
Notably, in 2018, he assumed the role of non-executive chairperson for IL & FS, a government appointment that will conclude in April 2022.
Uday Kotak’s influence extends through a vast network of 1,261 Kotak branches, 2,519 ATMs, and a dedicated workforce of around 40,000 employees. He is happily married to Pallavi Kotak, a marathon enthusiast, and together they have been blessed with two children, a son and a daughter.
9. Kumar Mangalam Birla:
Kumar Mangalam Birla, serving as the chairman of the Aditya Birla Group, holds the distinction of being one of India’s prominent billionaires, ranking 9th among the country’s wealthiest individuals.
The Aditya Birla Group is a global powerhouse, spanning across six continents and operating in 36 countries, with an impressive annual revenue of $45 billion.
Renowned as a stalwart in India’s cement industry, Birla boasts a substantial net worth of $14.2 billion. In recent years, he stepped down as the chairperson of the Idea and Vodafone merger in 2018, a decision that resulted in financial setbacks.
Beyond his corporate endeavors, Kumar Mangalam Birla also serves as the chancellor of the Birla Institute of Science and Technology and has recently overseen the acquisition of Reebok’s Indian operations.
tailing business by opening a grocery store more than two decades ago. Subsequently, he introduced a chain of supermarkets under the brand “Avenue Supermarts,” now operating 271 D-Mart stores across the country.
In the latest rankings for 2023, Damani secures the 8th position among the top 15 wealthiest Indians, boasting a substantial net worth of $15.3 billion.
In a noteworthy development, Damani is exploring a potential partnership with Ambuja Cement, with reports suggesting a substantial investment of 1000 crores. Alongside his brother, Gopikrishnan, he recently made headlines with the acquisition of a $100 million residence in Mumbai.
In 2023, Dilip Shanghvi, the visionary behind Sun Pharmaceuticals, stands as the 7th wealthiest Indian. His role as the managing director of Sun Pharmaceuticals spanned four decades, during which he alone garnered an impressive $4.5 billion from international markets.
Sun Pharmaceuticals has earned a distinguished reputation as the foremost pharmaceutical company in India, and it ranks as the fourth-largest global producer of specialized generic drugs.
With a net worth of $15.6 billion, Shanghvi firmly secures his place among India’s wealthiest individuals in 2023. His sole biography, titled “The Reluctant Billionaire,” received a nomination for the prestigious title of best business book in 2019.
Savitri Devi Jindal is the 2023 richest woman in India. As chairwoman of OP Jindal Group, she benefited from a recent steel price surge, making her the sole female billionaire in India’s top 15.
The conglomerate, including JSW Steel and JSW Energy, quadrupled profits, accumulating a 17.5 billion net worth.
As a notable member of the Indian National Congress, Jindal, widow of O.P. Jindal, has nine children, with four sons managing various parts of the family business, including Sajjan Jindal in Mumbai and Naveen overseeing power and steel operations.
Laxmi Niwas Mittal chairs ArcelorMittal, the world’s largest steel and mining firm, with a remarkable $76.6 billion in revenue and $15 billion in 2021 profits. Despite a prior $733 million loss.
Mittal, also the chairman of Aperam-stainless Steel, boasts a net worth of $17.7 billion, owns Karrick Limited, co-owns Queens Park Rangers, and has a $128 million UK mansion and a $30 million Delhi property. Married to Usha Mittal, they have two children, Vanisha and Aditya. The Mittals are Indian nationals living in the UK.
Cyrus S. Poonawalla, founder of the Cyrus Poonawala Group, including the Serum Institute of India, is the 4th richest person in India and 56th globally, with a $22.6 billion net worth.
He received the Padma Bhushan for his pivotal role in manufacturing the Covishield vaccine during the Covid-19 pandemic. The Serum Institute leads in vaccine production, making over 1.5 billion doses annually for diseases like polio and measles.
Despite losing his wife, Villio Poonawala, in 2010, he has a son named Adar Poonawala.
Shiv Nadar, an original co-founder of HCL Technologies, currently serves as the chairperson and strategic advisor of HCL. As the 3rd wealthiest individual in India and ranked 47th globally, he boasts a net worth of $25.6 billion.
His wealth experienced a substantial 22% increase, driven by the tech sector’s demand, which saw a $200 billion boost in revenue. He established the Shiv Nadar Foundation to address educational issues in India.
Shiv Nadar is married to Kiran Shiv Nadar, an art collector, and they have a daughter, Roshni Nadar Malhotra, who manages the company, overseeing approximately 200,000 employees across 52 countries.
Gautam Adani, a prominent figure in the fields of infrastructure and commodities, ranks as the second wealthiest individual in India. In collaboration with Ambani, he is actively involved in advancing green energy production in the country through substantial investments.
Over the past three years, Adani has added $40 billion to his wealth, resulting in an impressive net worth of $47.2 billion, largely driven by his endeavors in solar energy production.
His ambitious goal is to become the world’s largest renewable energy producer by investing $70 billion by 2030. Additionally, Adani recently acquired Ambuja Cement and its subsidiaries for $10.5 billion.
Mukesh Ambani, serving as the chairman of Reliance Industries, has consistently claimed the top spot in the list of India’s wealthiest individuals for the 13th time in 2023.
Reliance Industries, one of the largest conglomerates in India, encompasses a wide array of sectors, ranging from petroleum, oil, and gas to groceries, textiles, and telecommunications networks.
Ambani boasts a substantial net worth of $83.4 billion, marking a 7% increase in the current year. In addition to establishing four large factories within a new complex in Jamnagar, named after his late father, he has ambitious plans to invest a remarkable $80 billion over the next 15 years to promote renewable energy within his business empire.