Do you want to know who are the richest people in India? If yes, follow this list of the Top 10 richest Indian people by net worth in 2023.
India has approx 1.45 billion population as of now, 2nd most populous country in the world. A country with a lot of talent, resources, and money. India is an international business hub and money-making market. India comes at 3rd spot on the billionaire’s list with 166 billionaires just behind only the United States and China. So, we are here to reveal the top ten richest Indians with their net worth just like our last list of the world’s top 10 richest people. We have compiled this list of the richest Indian people on the basis of their total wealth or net worth. Let’s run down the list and tell us your thoughts in the comment section.
Top 10 Richest Indian People by Net Worth in 2023
10. Uday Kotak
Uday Kotak, the founder of Kotak Mahindra Bank, is a self-made billionaire. He is currently the 10th richest person in India. He initially was the owner of a finance company, acquired a banking license in 2003, and set up Kotak Mahindra Bank. In 2018 appointed as a non-executive chairperson for IL & FS by the Government of India, and his tenure ends in April 2022. Uday with 1,261 Kotak branches, 2519 ATMs, and around 40,000 employees. He is married to a marathon runner Pallavi Kotak and has two children, a son, and a daughter. Kotak has a net worth of $12.9 billion and is likely to end his tenure in Dec 2023 with his son Jay to lead the banking business ahead.
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9. Kumar Mangalam Birla
Kumar Mangalam Birla, the chairman of Aditya Birla Group. He is an Indian billionaire and comes in the 9th spot among the richest people in India. This group generates revenue of $45 billion and is functional in 6 continents and 36 countries. The prominent cement king in India has a net worth of 14.2 billion. Birla resigned as the chairperson of the 2018 merger of Idea and Vodafone the previous year, incurring losses. The chancellor of Birla Institute of Science and Technology recently had a takeover of the Indian operations of Reebok. He is married to Neerja Birla and has two daughters and a son.
8. Radhakrishnan Damani
Radhakrishnan Damani, a stock investor in the stock market, took up the retailing business with a grocery store 02 decades back. Later, introduced a chain of supermarkets – Avenue Supermarts running, 271 D-Mart stores in the country. Damani comes at 8th place among the top 10 richest Indians in 2023 with a net worth of $15.3 billion. He is also aiming to collaborate as a partner with Ambuja Cement and reportedly can make an investment of 1000 cr. Radhakrishnan with his brother Gopikrishnan recently purchased a $100 Million house in Mumbai. He is married and has 03 children residing in Mumbai, India.
7. Dilip Shanghvi
Dilip Shanghvi, the founder of Sun Pharmaceuticals, is the 7th richest Indian in 2023. He continued as the managing director of Sun for 40 years generating $4.5 billion alone from the international market. The Pharmaceutical company is noticeable as the most prominent in India and the world’s 4th enormous producer of specific generic drugs. The company has a long-standing lawsuit in the US for Ranbaxy Laboratory, which came to a settlement of $485 million this year.
Shanghvi has a net worth of $15.6 billion and is hence one of the wealthiest people in India in 2023. His only biography, The Reluctant Billionaire, was nominated for the best business book in 2019. He is married to Vibha Shanghvi and has Aalok and Vidhi, their son and daughter.
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6. Savitri Jindal
Savitri Devi Jindal, the chairwoman of steel and power company OP Jindal Group. She is the richest woman in India as of now 2023. Overall, she is the 6th richest person in India. With the recent significant rise in steel prices, Jindal could be marked as the only billionaire woman in India’s top 10 richest. The giant company has JSW Steel, and JSW Energy gained quadrupled profit in the previous year, reaching a net worth of 17.5 billion. The INC politician, the widow of O.P. Jindal, has 09 children. Jindal’s 04 sons independently run the companies divided amongst them. Her son Sajjan Jindal heads a significant part of the company, currently living in Mumbai. The younger one, Naveen, manages a power and steel company.
5. Laxmi Mittal
Laxmi Niwas Mittal is the chairperson of ArcelorMittal, the largest manufacturer of steel and mining company in the world. The company has an enormous revenue of $76.6 billion with a profitable business of $15 billion in 2021. Mittal stands 5th richest person in India and 89th in the world list due to incurring a loss of $733 million previously. The manufacturing chairman of Aperam-stainless Steel has a net worth of 17.7 billion. He also owns Karrick Limited and co-owns Queens Park Rangers. Owner of $128 million House in the UK and $30 million in Delhi, India. He is married to Usha Mittal and has two children, Vanisha and Aditya Mittal. Mittals are Indian nationals based in the United Kingdom.
4. Cyrus Poonawalla
Cyrus S. Poonawalla is the founder of Cyrus Poonawala Group, including the Serum Institute of India. He stands in 4th place as the richest person in India and at 56th place in the world. The manufacturing of the Covishield vaccine during the Covid-19 pandemic rocketed his revenue, accumulating a net worth of $22.6 billion. For his efforts in producing the vaccine in his institute, Cyrus was awarded Padma Bhushan by the Government of India. The Serum is reportedly the substantial vaccine producer per dose throughout the world, manufacturing above 1.5 billion jabs every year. The institute, built in 1966, supplies vaccines for diseases that include polio and measles. Cyrus’s wife, Villio Poonawala, died in 2010, and he has a son Adar Poonawala.
3. Shiv Nadar
Shiv Nadar, initially a co-founder of HCL technologies currently, is the chairperson and strategic advisor of HCL. The 3rd richest Indian and at 47th position in the world list has a net worth of $25.6 billion. The tech sector demands of the country rocketing by $200 billion in revenue resulting in a 22% increase in his wealth. He owns the Shiv Nadar Foundation to focus on the education system in India. He is married to Kiran Shiv Nadar, an art collector, and has a daughter. Roshni Nadar Malhotra manages the company having around 2 lakh employees in 52 countries.
2. Gautam Adani
Gautam Adani, the tycoon of Infrastructure and commodities, is 2nd richest person in India. Adani and Ambani collectively contribute toward green energy production with high investments in India. He has added 40 billion in around three years resulting in a net worth of $47.2 billion, more as a producer of solar energy. He aims to become the world’s biggest producer of renewable energy, investing $70 billion by the year 2030. Adani recently took over Ambuja Cement for $10.5 billion with its subsidiaries. Gautam married Proto Adam they have two sons.
1. Mukesh Ambani
Mukesh Ambani is the chairman of Reliance Industries. He continued 13 times to rank first in the list of richest Indians in 2023. Reliance Industries is one of the biggest industries in India, catering to a wide range of varieties from petrol, oil, and gas to groceries, textile, and telecommunication networks. Ambani has a net worth of $83.4 billion, with an appropriate 7% increase this year. Apart from building 04 huge factories in a new complex in Jamnagar named after his late father. He plans to invest a whopping $80 billion in the next 15 years towards renewable energy for his Industries.