Richest Man in India: Who are the richest man in India
Mukesh Ambani continues to be the richest man in India for the 10th consecutive year with a wealth of
INR 7,18,000 Cr. Reliance Industries becomes the first Indian company to cross the US$200bn (INR 15
lakh Cr) market cap driven by retail and telecom operations. Within four decades of operation, Reliance
Industries become the 57th most valuable firm in the world according to Hurun Global 500 Most
Valuable Companies 2021.
With INR 5,05,900 Cr, Gautam Adani & family moved up two places to the second spot in the IIFL
Wealth Hurun India Rich List 2021. The Adani group has a combined market capitalization of INR 9 lakh
Cr, except Adani Power all listed companies are valued at more than a lakh crore. “Gautam Adani is the only Indian to build not one, but five INR 1 lakh crore companies,” said Anas Rahman Junaid, MD, and Chief Researcher, Hurun India.
Shiv Nadar of HCL, retained the third rank, as HCL’s limited exposure to COVID-affected segments such
as travel, retail, and hospitality resulted in a 67% increase in his wealth to INR 2,36,600 Cr. For the 12
months that ended in December 2020, HCL became only the third Indian IT company to break through
the US$10bn revenue mark.
SP Hinduja & family moved down two positions to the fourth rank in the list. The
valuation up by 53% to INR 2,20,000 Cr backed by the performance of their flagship companies such as
Ashok Leyland and IndusInd Bank, whose share price went up by 74% and 61% respectively. The
brothers are based between Mumbai, London, and Geneva.
LN Mittal & family moved up eight positions to the fifth rank with a wealth of INR 1,74,400 Cr. The
biggest steelmaker outside of China ArcelorMittal reported its best quarter since 2008 backed by strong
demand from the construction, infrastructure, and renewable energy sectors. Continued demand
recovery and higher steel selling prices helped ArcelorMittal to triple its share price over the year.
Cyrus S Poonawalla of Serum Institute of India occupies the sixth position. Poonawalla’s wealth
increased by 74% to INR 1,63,700 Cr, on the back of providing 60 Cr doses or 92% of the COVID-19
vaccines delivered in India. In June 2020, Poonawalla debuted the Top 100 in Hurun Global Rich List. His
son Adar was one of three Indians featured along with Prime Minister Modi in the recent Time
Magazine’s 100 Most Influential People 2021.
With INR 1,54,300 Cr, Radhakishan Damani of Avenue Supermarts retained the seventh position in
the IIFL Wealth Hurun India Rich List 2021. Since its IPO in 2017, Avenue Supermarts’ share price has
increased by more than 500% and made its CEO Ignatius Navil Noronha the richest professional
manager residing in India with a net worth of INR 5,100 Cr.
With INR 1,31,600 Cr Vinod Shantilal Adani & family moved up twelve places to eighth rank in IIFL
Wealth Hurun India Rich List 2021. Residing in Dubai, Adani manages trading businesses in Dubai,
Singapore and Jakarta
Kumar Mangalam Birla & the family of Aditya Birla Group stormed into the top 10 in the IIFL Wealth Hurun
India Rich List 2021 with INR 1,22,200 Cr. Strong demand across all business segments, plants running
at near full capacity, and improving margins resulted in an 84% increase in the combined market
capitalization of Aditya Birla Group over the last year.
The tenth position in the list is secured by Jay Chaudhry of cloud security company Zscaler. Himachal
Pradesh-born IIT alumni founded the cyber security firm in 2007 and currently owns 42% of the Nasdaq-listed firm, which has a market cap of INR 2,81,000 Cr. The increased demand for enterprise cyber security services amidst increased corporate ransomware attacks contributed an 85% increase in Chaudhry’s wealth and stormed into the top 10 of IIFL Wealth Hurun India Rich list 2021.
