FORBES LIST OF

TOP 50
CORPORATES
(INDIAN)
FORBES INDIA RICH LIST 2021
IN YEAR TWO OF THE PANDEMIC , INDIA RICHEST INCREASED THEIR
CUMULATIVE WEALTH BY 50%. MUKESH AMBANI REMAINS THE
WEALTHIEST INDIAN FOR THE 14TH YEAR IN A ROW – SINCE 2008 –
ADDING $4 BILLION TO HIS NETWORTH IN 2021. GAUTAM ADANI IS
KNOW A CLOSE SEC. WITH A $74.8 BILLION FORTUNE , ONLY $17.9
BILLION SHY OF AMBANI. SAVITRI JINDAL REENTERS THE TOP 10
CLUBS WITH $18 BILLION. FOUR PHARMA BILLIONARIES SAW THEIR
WEALTH ERODE.
RANK NAME NET WORTH COMPANIES
1 MUKESH AMBANI $92.7 BILLION RELIANCE INDUSTRIES

2 GAUTAM ADANI $74.8 BILLION ADANI PORTS AND SEZ

3 SHIV NADAR $31 BILLION HCL TECHNOLOGIES

4 RADHA KISHAN DAMANI $29.4 BILLION AVENUE SUPER MARTS

5 CYRUS POONAWALLA $19 BILLION SERUM INSTITUTE OF INDIA

6 LAXMI MITTAL $18.8 BILLION ARCELOR MITTAL

7 SAVITRI JINDAL $18 BILLION O.P. JINDAL GROUP

8 UDEY KOTTAK $16.5 BILLION KOTTAK MAHINDRA BANK

9 PALLONNJI MISTRY $16.4 BILLION SHAPOORJI PALLONJI GROUP

10 KUMAR BIRLA $15.8 BILLION ADITYA BIRLA GROUP

11 GODREJ FAMILY $15.2 BILLION GODREJ GROUP

12 SUNIL MITTAL $14.8 BILLION BHARTI AIRTEL

13 BAJAJ FAMILY $14.4 BILLION BAJAJ AUTO

14 DILIP SHANGHVI $14.3 BILLION SUN PHARMACUTICAL INDUSTRIES

RANK NAME NET WORTH COMPANIES
15 HINDUJA BROTHERS $14 BILLION ASHOK LEYLAND

16 BURMAN FAMILY $11.8 BILLION DABUR INDIA

17 MADHUKAR PAREKH $11.7 BILLION PIDILITE INDUSTRIES

18 AZIM PREM JI $11.2 BILLION WIPRO

19 MURALIDIVI $9.9 BILLION DIVI,S LABORATORIES

20 BENU GOPAL BENGAR $9.5 BILLION SHREE CEMENT

21 KULDIP SINGH & GURVACHAN SINGH $9.4 BILLION BERGER PAINTS INDIA

22 ASHWIN DHANI $8.9 BILLION ASIAN PAINTS

23 KUSHALPAL SINGH $8.7 BILLION DLF

24 VINOD & ANIL RAI GUPTA $7.6 BILLION HAVELLS INDIA

25 SUDHIR & SAMEER MEHTA $7.1 BILLION TORRENT GROUP

26 MAHINDRA CHOKSI $6.9 BILLION ASIAN PAINTS

27 HASMUKH CHUDGAR $6.6 BILLION INTAS PHARMACEUTICALS

28 GHIRDHARI LAL BAWRI $6.5 BILLION MACLEODS PHARMACEUTICALS

RANK NAME NET WORTH COMPANIES
29 MUTHOOT FAMILY $6.4 BILLION MUTHOOT FINANCE

30 HARSH MARIWALA $6.3 BILLION MARICO

31 ABHAY VAKIL $6.25 BILLION ASIAN PAINTS

32 PANKAJ PATEL $6.2 BILLION CADILA HEALTH CARE

33 KAPIL & RAHUL BHATIA $5.8 BILLION INTER GLOB AVIATION

34 SINGH FAMILY $5.65 BILLION ALKEM LABORATORIES

35 VIKRAM LAL $5.6 BILLION EICHER MOTORS

36 RAKESH JHUNJHUN WALA $5.5 BILLION RARE ENTERPRISES

37 AJAY PIRAMAL $5.1 BILLION PIRAMAL ENTERPRISES

38 M.A. YUSUFF ALI $5 BILLION LULU GROUP INTERNATIONAL

39 SHAM & HARI BHARTIA $4.95 BILLION JUBILANT BHARTIA GROUP

40 RAVI JAIPURIA $4.9 BILLION RJ CORP

41 MURUGAPPA FAMILY $4.7 BILLION MURUGAPPA GROUP

42 MANGAL PRABHAT LODHA $4.5 BILLION MACRO TECH DEVELOPERS

RANK NAME NET WORTH COMPANIES
43 LEENA TEWARI $4.4 BILLION USV

44 N.R. NARAYANA MURTHY $4.35 BILLION INFOSYS

45 NUSLI WADIA $4.3 BILLION BRITANNIA INDUSTRIES

46 KARSANBHAI PATEL $4.2 BILLION NIRMA

47 BYJU RAVEENDRAN &DIVYA GOKULNATH $4.05BILLION BYJU

48 SENAPATHY GOPALAKRISHNAN $4.03 BILLION INFOSYS

49 VIVEK CHAND SEHGAL $4 BILLION MOTHERSON SUMI SYSTEM

50 ARVIND PODDAR $3.97 BILLION BALKRISHNA INDUSTRIES

MUKESH AMBANI Click icon to add picture

1) MUKESH AMBANI CHAIRS AND RUNS $74

BILLION RELIANCE INDUSTRIES,WHICH HAS
INTERSETS IN PETROCHEMICALS,OIL,GAS.
2) RELIANCE WAS FOUNDED BY HIS LATE FATHER
DHIRUBHAI AMBANI,A YARN TRADER,IN 1966
AS A SMALL TEXTILE MANUFACTURER
3) AFTER HIS FATHER DEATH IN 2002,AMBANI
AND HIS YOUNGER SIBLING ANIL DIVVIED UP
THE FAMILY EMPIRE.
4) DURING THE COVID-19 LOCKDOWN,AMBANI
RAISED MORE THAN $20 BILLION SELLING A
THIRD OF JIO TO A STRING OF INVESTORS,
SUCH AS FACEBOOK AND GOOGLE.
GAUTAM ADANI Click icon to add picture

1) INFRASTRUCTURE TYCOON GAUTAM ADANI

CONTROLS MUNDRA PORT,INDIA
LARGEST,IN HIS HOME STATE OF GUJARAT.
2) HIS $13 BILLION ADANI GROUP INTEREST
SPAN
INFRASTRUCTURE,COMMODITIES,POWER
GENERATION AND TRANSMISSION AND
REAL ESTATE.
3) ADANI OWNS ABBOT POINT,A
CONTROVERSIAL COAL MINING PROJECT IN
AUSTRALIA,WHOSE CARMICHAEL COAL
MINE ISBILLED AS ONE OF THE WORLD
LARGEST.
SHIV NADAR
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1) INDIAN IT PIONEER SHIV NADAR

CONFOUNDED HCL IN A GARAGE IN 1976 TO
MAKE CALCULATORS AND MICROPHONES.
2) TODAY,HIS $10,2 BILLION (REVENUE) HCL
TECHNOLOGIES IS AMONG INDIA LARGEST
SOFTWARE SERVICES PROVIDERS.
3) IN JULY 2020,HE STEPED DOWN AS
CHAIRMAN OF HCL TEHNOLOGIES, HANDING
OVER THE POSITION TO HIS
DAUGHTER,ROSHNI RADAR MALHOTRA.
4) HCL TECHNOLOGIES, WHICH EMPLOYS
169,000 PEOPLE IN 50 COUNTRIES
WORLDWIDE, HIRES HIGH SCHOOL GRADS
AND TRAONS THEM ON THE JOB.
RADHAKISHAN DIMANI
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1) VETERAN MUMBAI INVESTOR
RADHAKISHAN DIMANI BECAME INDIA
RETAIL KING AFTER THE MARCH 2017 IPO
OF HIS SUPERMARKET CHAIN AVENUE
SUPERMART.
2) DAMANI GOT INTO RETAILING IN 2002
WITH ONE STORE IN SUBURBAN MUMBAI.
TODAY HIS COMPANY HAS 221 DMART
STORES ACROSS INDIA.
3) DAMANI ALSO HOLDS STAKES IN A RANGE
OF COMPANIES, FROM TOBACCO FIRM VST
INDUSTRIES TO CEMENT PRODUCER INDIA
CEMENTS.
CYRUS POONAWALA
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1) SON OF A HORSE BREEDER,CYRUS
POONAWALA FOUNDED SERUM INSTITUTE OF
INDIA IN 1966 AND BUILT IF INTO THE WORLD’S
LARGEST VACCINE MAKER (BY DOSES).
2) SERUM PRODUCES OVER 1,5 BILLION DOSES
ANNUALLY OF A RANGE OF VACCINES,
INCLUDING FOR MEASLES,POLIO AND FLU.
3) UNDER HIS U.K. EDUCATED SON
ADAR,SERUM’S CEO, THE COMPANY HAS
INVESTED $800 MILLION TO BUILD A NEW
FACTORY TO MAKE COVID-19 VACCINES.
4) SERUM HAS MULTIPLE COVID-19 VACCINE
PARTNERSHIPS AND HAS LAUNCHED
COVISHIELD,THE VACCINE DEVELOPED BY
ASTRAZENECA AND OXFORD UNIVERSITY.
LAKSHMI MITTAL
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1) LAKSHMI MITTAL SERVES AS CHAIRMAN OF
$53.3 BILLION (REVENUE) ARCELORMITTAL,THE
WORLD’S LARGESR STEEL AND MINING
COMPANY BY OUTPUT.
2) HAILING FROM A STEEL CLAN,HHE SEPARATED
FROM HIS SIBLINGS TO STARRT MITTAL STEEL
THEN WENT ON TO MERGE THE COMPANY
WITH FRANCE’S ARCELOR IN 2006.
3) IN 2019,,ARCELOR AND NIPPON STEEL
COMPLETED THEIR $5.9 BILLION ACQUISITION
OF ESSAR STEEL,ONCE CONTROLLED BY
BILLIONARIES SHASHI AND RAVI RAI.
4) THE COMPANY REPORTED A NET LOSS OF $700
MILLION IN 2020,A YEAR IN WHICH STEEL
SHIPMENTS DECLINED BY CLOSE TO A FIFTH.
SAVITRI JINDAL
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1) JINDAL GROUP, WHOSE INTERESTS INCLUDE
STEEL,POWER,CEMENT AND
INFRASTRUCTURE,IS CHAIRED BY SAVITRI
JINDAL,WIDOW OF FOUNDER OM PRAKASH
JINDAL.
2) THE BIGGEST ASSETS OF THE GROUP ARE
OVERSEEN BY HER MUMBAI-BASED SON
SAJJAN JINDAL,WHO RUNS JSW
STEEL,AMONG MUCH ELSE.
3) JINDAL’S YOUNGER SON NAVEEN’S JINDAL
STEEL & POWER,ONCE A HIGH FLIER,IS
WEIGHED DOWN BY $4.7 BILLION IN DEBT
UDAY KOTAK
1) SPURNING HIS FAMILY’S TRADING Click icon to add picture

BUSINESS,UDAY KOTAK STARTED A FINANCE

FIRM IN 1985 THEN WENT ON CONVERT IT
INTO A BANK IN 2003.
2) HIS KOTAK MAHINDRA BANK IS NOW AMONG
INDIA’S TOP FOUR BANKS IN THE PRIVATE
SECTOR,BOOSTED BY ITS 2014 ACQUISITION
OF ING BANK’S INDIAN OPERATIONS.
3) KOTAK’S 811 APP DRAWS ITS NAME FROM
NOVEMBER 8,THE DAY IN 2016 WHEN THE
GOVERNMENT CANCELLED 86%OF ALL
RUPEES IN CIRCULATION.
4) IN JUNE 2020,KOTAK SOLD SOME SHARES TO
REDUCE HIS STAKE IN THE BANK AS
MANDATED BY THE RESERVE BANK OF INDIA.
PALLONJI MISTRY
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1) RECLUSIVE TYCOON PALLONJI MISTRY
CONTROLS MUMBAI-HEADQUARTERED
ENGINEERING AND CONSTRUCTION
GIANT,THE 156-YEAR-OLD SHAPOORJI
PALLONJI GROUP.
2) THE S.P. GROUP, RUN BY MISTRY’S OLDER
SON SHAPOOR,ALSO OWNS EUREKA
FORBES,THE COUNTRY’S LEADING BRAND
OF WATER PURIFIERS.
3) AFTER MISTRY’S YOUNGER SON CYRUS WAS
OUSTED AS CHAIRMAN OF TARA SONS IN
OCT 2016,THE TWO FAMILIES HAVE BEEN AT
LOGGERHEADS.
KUMAR BIRLA
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1) COMMODITIES KING KUMAR BIRLA IS THE
FOURTH GENERATION HEAD OF THE
STORIED,$46 BILLION ADITYA BIRLA GROUP.
2) THE GROUP’S INTERESTS SPAN CEMENT
AND ALUMINIUM TO TELECOM AND
FINANCIAL SERVICES.
3) BIRLA INHERITED THE FAMILY EMPIRE AT
AGE 28 WHEN HIS FATHER ADITYA BIRLA
DIED IN 1995.
4) IN OCT 2019, THE EUROPEON COMMISSION
APPROVED THE $2.6 BILLION ACQUISITION
BY HIS NOVEILS OF ALERIES,AN ALUMINIUM
PRODUCERIN OHIO.
GODREJ FAMILY
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1) THE GODREJ FAMILY CONTROLS THE $6
BILLION GODREJ GROUP,A 124-YEAR-OLD
CONSUMER-GOODS GIANT
2) THE GROUP WAS ESTABLISHED BY LAWYER
ARDESHIR GODREJ,WHO GAVE UP HIS
PROFESSION TO MAKE LOCKS IN 1897.
3) TODAY THE GROUP IS CHAIRED BY
PATRIAECH ADI GODREJ,AN MIT WHO TOOK
CHARGE AS CHAIRMAN IN 2000.
4) KEY GROUP COMPANIES INCLUDE GODREJ
CONSUMER PRODUCTS, CHAIRED BY ADI
GODREJ’S DAUGHTER NISABHA AND
GODREJ PROPERTIES, RUN BY HIS SON
PIROJSHA.
SUNIL MITTAL
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1) TELECOM TYCOON SUNIL MITTAL’S BHARTI
AIRTEL IS AMONG INDIA’S LARGEST MOBILE
PHONE OPERATOS WITH MORE THAN 474
MILLION CUSTOMERS.
2) AIRTEL,WHICH HAS SINGTEL AS ITS
PARTNER,IS EMBROILED IN A BRUISHING
PRICE WAS WITH MUKESH AMBANI’S
RELIANCE JIO.
3) MITTAL ALSO OWNS AIRTEL PAYMENTS
BANK.A NICHE BANK,IN A JOINT VANTURE
WITH KOTAK MAHINDRA
BANK,CONTROLLED BY FELLOW BILLIONARIE
UDAY KOTAK.
BAJAJ FAMILY
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1) THE BAJAJ FAMILY CONTROLS THE 95 YEAR –
OLD BAJAJ GROUP,BEST KNOWN FOR
MOTORCYCLE MAKER BAJAJ AUTO AND
FINANCIAL SERVICES ARM,BAJAJ FINSERV.
2) THE GROUP IS CHAIRED BY PATRIARCH RAHUL
BAJAJ,WHO SHARES THE FORTUNE WITH
COUSINS MADHUR,NIRAJ AND SHEKHAR.
3) BAJAJ FINSERV IS RUN BY RAHUL BAJAH’S
YOUNGER SON SANJIV AND IS THE FAMILY
BIGGEST ASSET.
4) IN APRIL 2021,BAJAJ STEPPED DOWN AS
NON-EXECUTIVE CHAIRMAN OF BAJAJ
AUTO,AND WAS SUCEDDED BY HIS
COUSIN,NIRAJ BAJAJ.
HINDUJA BROTHER’S
1) FOUR Click icon to add picture

SIBLINGS,SRICHAND,GOPICHAND,PRAKASH
AND ASHOK CONTROL MULTINATIONAL
CONGLOMERATE THE HINDUJA GROUP.
2) THEIR GROUP’S BUSINESSES RANGE FROM
TRUCKS AND LUBRICANTS TO BANKING AND
CABLE TELEVISION.
3) THE BROTHERS OWN VALUABLE REAL ESTATE
IN LONDONN INCLUDING THE HISTORIC OLD
WAR OFFICE BUILDING IN WHITEHALL,WHICH
WILL HOUSE A RAFFLES HOTEL.
4) IN JUNE 2020,A U.K. COURT FILING REVEALED
A DISPUTE BETWEEN THE ELDEST SRICHAND
WITH HIS THREE YOUNGER BROTHERS OVER
THE OWNERSHIP OF A GENEVA BANK.