Mukesh Ambani and family
Mukesh Ambani and family reclaimed the title of the richest Indian, surpassing Gautam Adani, who experienced a substantial decline in wealth due to the Hindenburg effect. Mukesh Ambani's wealth has surged from INR 165,100 crore in 2014 to nearly INR 808,700 crore, marking an impressive four-fold increase.
Gautam Adani and family
Gautam Adani, the chairman of the Adani group slipped to the second position and experienced a staggering decrease in wealth amounting to INR 6,19,000 crore within a year. In defiance of the Hindenburg report, Adani Group companies exhibited remarkable growth, with total income soaring by 85% to reach INR 2,62,499 crore, and profit after tax surging by 82% to INR 23,509 crore in FY22-23.
Cyrus S Poonawalla and family
Cyrus S Poonawalla, the founder of Serum Institute of India, has maintained his position, climbing three ranks, following a remarkable 36% increase in his wealth, totalling INR 73,100 crore over the last year. His privately-owned company stands as the world's largest vaccine manufacturer.
Shiv Nadar and family
Shiv Nadar of HCL, retained the fourth spot after his wealth increased by 23% to INR 2,28,900 crore. His wealth has increased by 194% or INR 1,51,500 crore in the last ten years. In the fiscal year 2023, HCL Technologies achieved a significant milestone by surpassing the INR 1 lakh crore mark in revenue for the first time.
Gopichand Hinduja and family
Gopichand Hinduja & family (83), moved up two positions to the fifthrank in the list after their wealth increased by 7% to INR 1,76,500 crore. Srichand Parmanand Hinduja, the eldest among the four Hinduja brothers, passed away in London in May 2023 at the age of 87.
Dilip Shanghvi
Dilip Shanghvi, the founder and leader of India's largest pharmaceutical company, Sun Pharmaceutical Industries, advanced three positions to secure the sixth rank, with his wealth surging by 23% to reach INR 1,64,300 crore. Over the past five years, his wealth has soared by 83%, equivalent to INR 74,600 crore.
Lakshmi Mittal and family
LN Mittal and family have ascended one rank to secure the seventh position on the list, with their wealth increasing by 7% to INR 1,62,300 crore. Under LN Mittal's leadership,
ArcelorMittal has emerged as the world's largest steelmaker outside of China, achieving an impressive revenue of US$79.8 billion in 2022. The London-based steelmaker's wealth has
seen a remarkable 42% growth over the last five years.
Radhakishan Damani and family
Radhakishan Damani of Avenue Supermarts, dropped three ranks to the eighth position in the list with his wealth declining by 18% to INR 1,43,900 crore. In the last five years, the wealth of Damani has increased by 211% or INR 97,600 crore. In the financial year 2022-23, the company expanded its retail presence by an additional 1.9 million square feet
across the country.
Kumar Mangalam Birla and family
Kumar Mangalam Birla and family of Aditya Birla Group, moved up two places to ninth rank with his wealth increased by 5% to INR 1,25,600 crore. In the last five years, the wealth of Kumar Mangalam Birla has increased by 171% or INR 79,300 crore. Kumar Mangalam Birla, Chairman of Aditya Birla Group, expanded its global presence to 41 countries across six continents during his 28-year leadership.
Niraj Bajaj and family
The tenth position in the list is secured by Niraj Bajaj and family of Bajaj Group, with his wealth increased by 7% to INR 1,20,700 crore. With approximately 50,000 employees and a market capitalization exceeding INR 4,50,000 crore, the Bajaj Group ranks as the third-largest family
business house in the country.