Hurun Rich List 2013 - The Top 10
For more information, please refer to www.hurun.net
NO
Name
Net Worth 2013
(USD mn)
Company
Industry
Age
Location
$18,900
%
Change
YoY
-2%
1-
Mukesh Ambani
Reliance Industries
Energy
56
Mumbai
2-
Lakshmi Narayan
Mittal
$15,900
-6%
Arcelor Mittal
Steel
63
London
3↑
Dilip Shanghvi
$14,100
66%
Sun
Pharmaceuticals
Pharmaceutical
s
58
Mumbai
4↓
Azim Premji
$12,000
-2%
Wipro
Technology
68
Bangalore
5↑
Shiv Nadar
$8,600
51%
HCL Technology
Technology
68
Delhi
6↑
Kumara
Mangalam Birla
$8,400
45%
Grasim Industries
Manufacturing
46
Mumbai
7-
Adi Godrej
$8,100
17%
Godrej Group
FMCG
71
Mumbai
8↓
Pallonji Mistry
$8,000
1%
Shapoorji Pallonji
& Co
Engineering &
Construction
84
Mumbai
9↓
Shashi & Ravi Ruia
$7,600
6%
Essar Energy
Energy
Mumbai
10-
Sunil Mittal
$7,300
28%
Bharti Airtel
Telecom
69 /
64
56
Geographical Spread
For more information, please refer to www.hurun.net
Rank
Geography
% Spread
2013
% Spread
2012
Richest Individual 2013
1
Mumbai
33%
36%
Mukesh Ambani
2
Delhi*
16%
22%
Shiv Nadar
3
Bangalore
11%
15%
Azim Premji
4
Dubai
9%
1%
Micky Jagtiani
5
Ahmedabad
4%
5%
Gautam Adani
5
Chennai
4%
3%
Kalanithi Maran
7
Kolkata
4%
4%
Benu Gopal Bangur
8
Gurgaon
3%
1%
Kapil & Rahul Bhatia
8
Pune
3%
5%
Rahul Bajaj
10
Abu Dhabi
2%
-
MA Yousuf Ali
10
Hyderabad*
2%
3%
GV Prasad
10
London
2%
3%
Lakshmi Narayan
Mittal
13
Muscat
1%
-
Khimji Family
14
Bhopal
1%
1%
Ramesh Agarwal
Richest Individual 2012
Kushal Pal Singh
6F, Zhongrong Jasper Tower, 8 Yincheng Road, Shanghai 200120
021-5010 5808 www.hurun.net
Page 1 of 9
Murali Divi
Delhi
1%
-
Mahendra Mohan
Gupta
Sharjah
1%
-
Feroz Allana
14
Singapore
1%
1%
Bhupendra Kumar Modi
14
Thrissur
1%
-
TS Kalyanaraman
14
Vadodara
1%
-
Chirayu R Amin
14
Kanpur
14
* New Number One
Sectoral Breakup
For more information, please refer to www.hurun.net
Rank
Sector
2013 %
2012 %
Richest Individual 2013
1
Manufacturing
17%
17%
Kumara Mangalam Birla
2
Pharmaceuticals
11%
12%
Dilip Shanghvi
3
Real estate
9%
10%
Kushal Pal Singh
4
Media & Entertainment
6%
5%
Subhash Chandra
4
Technology
6%
7%
Azim Premji
6
Financial Services
5%
3%
Uday Kotak
6
FMCG
5%
6%
Adi Godrej
6
Infrastructure
5%
8%
Anil Ambani
9
Automobile *
4%
4%
Rahul Bajaj
9
Energy
4%
7%
Mukesh Ambani
11
Engineering & Construction
4%
1%
Pallonji Mistry
11
Multi Brand Retail
4%
4%
Micky Jagtiani
13
Healthcare
3%
-
14
Food & Beverages *
2%
2%
14
Hospitality
2%
-
Amit Jatia & Family
14
Jewellery
2%
-
TS Kalyanaraman
14
Steel
2%
3%
LN Mittal
14
Telecom
2%
2%
Sunil Mittal
19
Aviation
1%
2%
Kapil & Rahul Bhatia
19
Education
1%
-
19
Investments *
1%
2%
19
Logistics
1%
-
Yogesh Mehta
23
Diversified
1%
-
Khimji Family
23
Single Brand Retail
1%
-
V.G. Siddhartha
Richest Individual 2012
Brijmohan Lall Munjal & Family
BavaguthuRaghuram
Shetty
Feroz Allana
Shyam & Hari Bhartia
Sunny Varkey
Rakesh Jhunjhunwala
* New Number One
6F, Zhongrong Jasper Tower, 8 Yincheng Road, Shanghai 200120
021-5010 5808 www.hurun.net
Page 2 of 9
Hemendra Kothari
Richest Women
For more information, please refer to www.hurun.net
S No.
Name
Age
Location
Industry
1
Savitri Jindal
62
Delhi
2
Indu Jain
Anu Aga
Kiran MazumdarShaw
77
Delhi
Steel
Media &
Entertainment
71
Pune
Energy
60
Bangalore
Shobhana Bhartia
Madhu Kapur
56
Delhi
Pharmaceuticals
Media &
Entertainment
50
Mumbai
Financial Services
Company
3
4
5
6
Hurun India Rich List 2013
For the full ranking, refer to www.hurun.net
Rank
Name
Net Worth
2013 (In Mns)
1
Mukesh Ambani
$18,900
%
Change
Y-O-Y
-2%
2
$15,900
-6%
3
Lakshmi
Narayan Mittal
Dilip Shanghvi
$14,100
66%
4
Azim Premji
$12,000
5
Shiv Nadar
6
7
Kumara
Mangalam Birla
Adi Godrej
8
Industry
Age
Location
Reliance
Industries
Arcelor Mittal
Energy
56
Mumbai
Steel
63
London
Pharmaceuticals
58
Mumbai
-2%
Sun
Pharmaceuticals
Wipro
Technology
68
Bangalore
$ 8,600
51%
HCL
Technology
68
Delhi
$ 8,400
45%
Grasim Industries
Manufacturing
46
Mumbai
$ 8,100
17%
Godrej
FMCG
71
Mumbai
Pallonji Mistry
$ 8,000
1%
Mumbai
Shashi &Ravi Ruia
$ 7,600
6%
Engineering
&Construction
Energy
84
9
Shapoorji Pallonji
&Co
Essar Energy
Mumbai
10
Sunil Mittal
$ 7,300
28%
Bharti Airtel
Telecom
69 /
64
56
11
Anil Ambani
$ 7,100
34%
Infrastructure
54
Mumbai
12
Savitri Jindal
$ 5,100
-9%
Reliance
Infrastructure
Jindal Steel
&Power
Steel
63
Delhi
6F, Zhongrong Jasper Tower, 8 Yincheng Road, Shanghai 200120
021-5010 5808 www.hurun.net
Page 3 of 9
Delhi
13
Uday Kotak
$ 4,300
8%
Financial Services
54
Mumbai
26%
Kotak Mahindra
Bank
Dabur
14
Anand Burman
$ 3,900
FMCG
61
Delhi
14
Kushal Pal Singh
16
Micky Jagtiani
$ 3,900
-38%
DLF
Real Estate
82
Delhi
$ 3,700
-10%
Landmark Group
Multi Brand Retail
62
Dubai
17
$ 3,400
36%
75
Mumbai
$ 3,300
32%
Energy
60
London
18
Rahul Bajaj
$ 3,300
10%
Lupin
Pharmaceuticals
Vedanta
Resources
Bajaj Auto Limited
Pharmaceuticals
18
Desh Bandhu
Gupta
Anil Agarwal
Automobile
75
Pune
20
$ 3,100
-18%
Hero Moto Corp
Automobile
21
BrijmohanLall
Munjal & Family
Subhash Chandra
$ 2,800
12%
Zee Networks
22
Gautam Adani
$ 2,700
-13%
Adani Enterprise
Media
&Entertainment
Infrastructure
23
Feroz Allana
$ 2,600
New
IFFCO
Food &Beverages
23
Cyrus Poonawalla
$ 2,600
13%
Serum Pharma
Pharmaceuticals
72
Pune
25
Kalanithi Maran
$ 2,400
9%
Sun Networks
48
Chennai
26
Yusuf Hamied
$ 2,200
-4%
Cipla
Media
&Entertainment
Pharmaceuticals
77
Mumbai
26
$ 2,200
0%
-13%
40 /
38
49
Delhi
$ 2,000
Religare
Enterprise
Indus Gas Ltd
Financial Services
28
Malvinder &
Shivinder
Ajay Kalsi
29
Indu Jain
$ 1,900
12%
Bennett Coleman
77
Delhi
29
Pankaj Patel
$ 1,900
-32%
Cadila Healthcare
Media
&Entertainment
Pharmaceuticals
60
Ahmedabad
29
Rajan Raheja
$ 1,900
-10%
Exide Industries
Manufacturing
59
Mumbai
29
MA Yousuf Ali
$ 1,900
New
EMKE Group
Multi Brand Retail
57
Abu Dhabi
29
GV Prasad
$ 1,900
36%
Dr Reddy's Lab
Pharmaceuticals
72
Hyderabad
34
Venugopal Dhoot
$ 1,800
-33%
Energy
62
Mumbai
34
$ 1,800
20%
Manufacturing
82
Kolkata
36
Benu Gopal
Bangur
Ashwin Dani
Videocon
Industries
Shree Cements
$ 1,600
14%
Asian Paints
Manufacturing
71
Mumbai
36
Balvant Parekh
$ 1,600
14%
Pidilite Industries
Manufacturing
89
Mumbai
36
Ravi Pillai
$ 1,600
New
Ravi Pillai Group
63
Dubai
36
$ 1,600
14%
Infosys
67
Bangalore
40
N.R. Narayana
Murthy
Harsh Mariwala
Engineering
&Construction
Technology
$ 1,500
7%
Marico Ltd
FMCG
62
Mumbai
40
Ajay Piramal
$ 1,500
-6%
Pharmaceuticals
58
Mumbai
40
Brij Bhushan
Singal
$ 1,500
15%
PiramalHealthcar
e
Bhusan Steel
Steel
76
Delhi
Energy
6F, Zhongrong Jasper Tower, 8 Yincheng Road, Shanghai 200120
021-5010 5808 www.hurun.net
Page 4 of 9
Delhi
62
Mumbai
51
Ahmedabad
Sharjah
Delhi
43
$ 1,400
-18%
Torrent Pharma
Pharmaceuticals
43
Sudhir & Samir
Mehta
Chhabria Family
$ 1,400
New
Jumbo Group
Multi Brand Retail
43
Sunny Varkey
$ 1,400
New
Gems Education
Education
56
Dubai
46
Ashwin Choksi
$ 1,300
18%
Asian Paints
Manufacturing
70
Mumbai
46
S Gopalakrishnan
$ 1,300
30%
Infosys
Technology
58
Bangalore
46
Nandan Nilekani
$ 1,300
30%
Infosys
Technology
58
Bangalore
46
$ 1,300
8%
Indigo Aviations
Aviation
$ 1,200
New
Kalyan Jewellery
Jewellery
81 /
53
66
Gurgaon
50
Kapil &Rahul
Bhatia
TS Kalyanaraman
50
Abhay Vakil
$ 1,200
20%
Asian Paints
Manufacturing
63
Mumbai
50
Murali Divi
$ 1,200
-20%
Divi's Lab
Pharmaceuticals
62
Hyderabad
50
$ 1,200
9%
GlenmarkPharma
Pharmaceuticals
75
Mumbai
$ 1,100
10%
Lodha Developers
Real Estate
57
Mumbai
54
Glenn Saldanha &
Family
Mangal Prabhat
Lodha
G M Rao
$ 1,100
0%
GMR
Infrastructure
63
Bangalore
54
Mallika Srinivasan
$ 1,100
New
TAFE
Automobile
54
Chennai
54
Gautam Thapar
$ 1,100
-8%
Avantha Group
Manufacturing
52
Delhi
58
Chandru Raheja
$ 1,000
0%
K Raheja Corp
Real Estate
73
Mumbai
58
Dhingra Brothers
$ 1,000
New
Berger Paints
Manufacturing
58
Anand Mahindra
$ 1,000
16%
Automobile
58
Mumbai
58
$ 1,000
75%
Manufacturing
57
Delhi
58
Vivek Chaand
Sehgal
VikramLal
$ 1,000
New
Mahindra
&Mahindra
Motherson Sumi
System
Eicher Motors
Automobile
71
Gurgaon
58
QimatRai Gupta
$ 1,000
33%
Havells India
Manufacturing
76
Delhi
64
Rakesh
Jhunjhunwala
Mofatraj Munot
$ 900
13%
Rare Enterprise
Investments
53
Mumbai
$ 900
43%
Kalpataru Group
Real Estate
69
Mumbai
$ 900
-10%
63
Mumbai
$ 900
New
Hiranandini
Developers
Jashanmal Group
Real Estate
64
Niranjan
Hiranandani
Tony Jashanmal
Multi Brand Retail
65
Dubai
64
Rajesh Mehta
$ 900
-18%
Rajesh Exports
Jewellery
49
Bangalore
64
Shyam & Hari
Bhartia
K. Dinesh
$ 900
-31%
Food &Beverages
23%
Technology
60 /
56
59
Delhi
$ 900
Jubilant
Foodworks
Infosys
$ 800
-11%
DSP Blackrock
Investments
67
Mumbai
$ 800
-20%
Spice Group
Telecom
64
Singapore
71
Hemendra
Kothari
Bhupendra Kumar
Modi
JR Gangaramani
$ 800
New
Al Fara Group
71
BR Shetty
$ 800
New
NMC Group
Engineering
&Construction
Healthcare
54
64
64
64
71
71
6F, Zhongrong Jasper Tower, 8 Yincheng Road, Shanghai 200120
021-5010 5808 www.hurun.net
Page 5 of 9
59 /
50
Ahmedabad
Dubai
Thrissur
Delhi
Bangalore
Abu Dhabi
71
Abu Dhabi
71
Anu Aga
$ 800
16%
Thermax
Energy
71
Pune
71
Vikas Oberoi
$ 800
-33%
Oberoi Reality
Real Estate
43
Mumbai
71
Analgit Singh
$ 800
4%
Max India
Financial Services
59
Delhi
71
S.D. Shibulal
$ 800
23%
Infosys
Technology
58
Bangalore
71
Ranjan Pai
$ 800
New
Education
40
Bangalore
71
Khimji Family
$ 800
New
Manipal
Education
&Medical Group
Khimji Ramdas
71
Vijay Mallya
$ 800
-27%
United Breweries
Food &Beverages
57
Bangalore
71
Prathap Reddy
$ 800
43%
Apollo Hospitals
Healthcare
81
Chennai
71
Jaiprakash Gaur
$ 800
-27%
Infrastructure
82
Delhi
71
Joy Alukkas
$ 800
New
Jaiprakash
Associates
Joy Alukkas
Jewellery
56
Dubai
85
Habil Khorakiwala
$ 700
-63%
Wockhardt
Healthcare
71
Mumbai
85
Karsanbhai Patel
$ 700
-11%
Nirma
FMCG
69
Ahmedabad
85
V.G. Siddhartha
$ 700
-10%
Bangalore
Radhe Shyam
Goenka
Radhe Shyam
Agarwal
Keshub Mahindra
$ 700
21%
Single Brand
Retail
FMCG
54
85
Coffee Day
Resorts
Emami Ltd
66
Kolkata
$ 700
21%
Emami Ltd
FMCG
67
Kolkata
$ 700
3%
Automobile
89
Mumbai
Kiran MazumdarShaw
Premchand
Godha
Yogesh Mehta
$ 700
9%
Mahindra
&Mahindra
Biocon
Pharmaceuticals
60
Bangalore
$ 700
New
IPCA Laboratories
Pharmaceuticals
67
Mumbai
$ 700
New
Petrochem ME
Logistics
Dubai
$ 700
-19%
EID Parry
Manufacturing
Chennai
85
Murugappa
Family
Irfan Razack
$ 700
21%
Real Estate
60
Bangalore
96
Shishir Bajaj
$ 600
-8%
Prestige Estate
Projects
Bajaj Corp
Manufacturing
65
Mumbai
96
Rizwan Sajan
$ 600
New
Danube Group
49
Dubai
96
Devendra Kumar
Jain
Sanjiv Goenka
$ 600
-10%
84
Delhi
$ 600
-2%
Gujarat Flouro
Chemicals
CESC
Engineering
&Construction
Manufacturing
Infrastructure
52
Kolkata
96
Amit Jatia
&Family
$ 600
New
Hospitality
46
Mumbai
96
Ramesh Agarwal
$ 600
7%
Westlife
Development
(Mcdonald'sIndia)
DainikBhaskar
68
Bhopal
96
Harsh Goenka
$ 600
7%
RPG Group
Media
&Entertainment
Infrastructure
55
Mumbai
85
85
85
85
85
85
96
Diversified
6F, Zhongrong Jasper Tower, 8 Yincheng Road, Shanghai 200120
021-5010 5808 www.hurun.net
Page 6 of 9
Muscat
96
Baba Kalyani
$ 600
-23%
Bharat Forge
Manufacturing
64
Pune
96
T.T. Jagannathan
$ 600
-2%
TTK Prestige
Manufacturing
65
Bangalore
96
$ 600
New
Micromax
Telecom
$ 600
54%
AurobindoPharma
Pharmaceuticals
55
Hyderabad
$ 500
-38%
Muthoot Finance
Financial Services
64
Delhi
107
Rajesh Agarwal,
Rahul Sharma,
Sumeet Kumar
& Vikas Jain
PV Ramaprasad
Reddy
M.G. George
Muthoot &Family
Deepak Babani
$ 500
New
Eros
107
Priya Paul
$ 500
New
46
Kolkata
107
Hasmukh Chudgar
& Family
Shobhana Bhartia
$ 500
New
AppejaySurender
Group
IntasPharma
Media
&Entertainment
Hospitality
Pharmaceuticals
77
Ahmedabad
$ 500
2%
Hindustan Times
56
Delhi
Ramesh Genomal
& Family
Naresh Goyal
$ 500
14%
Page Industries
Media
&Entertainment
Manufacturing
60
Bangalore
$ 500
2%
Jet Airways
Aviation
64
London
114
DR P Mohammed
Ali
$ 400
New
Engineering
&Construction
Muscat
114
Azad Moopen
$ 400
New
Gulfar
Engineering
&Contracting
SAOG
DM Healthcare
Healthcare
Dubai
114
$ 400
New
Transworld Group
Logistics
Dubai
114
Ramesh S
Ramakrishnan
Rohtas Goel
$ 400
New
Omaxe Realty
Real Estate
51
Delhi
114
Ramesh Chandra
$ 400
-17%
Unitech
Real Estate
74
Delhi
114
Shah Rukh Khan
$ 400
New
Mumbai
$ 400
New
78
Mumbai
$ 400
New
Manufacturing
81
Chennai
114
B L Taparia &
Family
MAM
Ramaswamy &
Family
Rajju Shroff
Media
&Entertainment
Manufacturing
47
114
Red Chillies
Entertainment
Supreme
Industries
Chettinad Cement
$ 400
New
Manufacturing
76
Mumbai
114
Atul Ruia
$ 400
21%
United
Phosphorus
Phoenix Mills Ltd
Real Estate
42
Mumbai
114
Chirayu R Amin
$ 400
New
Alembic Pharma
Pharmaceuticals
67
Vadodara
114
Bhadresh Shah
$ 400
0%
AIA Engineering
Manufacturing
62
Ahmedabad
114
Venkatachalam
SthanuSubramani
Mannalal B
Agarwal &Family
Santosh Joseph
$ 400
New
Just Dial
Technology
$ 300
New
Ajanta Pharma
Pharmaceuticals
$ 300
New
Dubai Pearl
Real Estate
96
107
107
107
107
114
127
127
6F, Zhongrong Jasper Tower, 8 Yincheng Road, Shanghai 200120
021-5010 5808 www.hurun.net
Page 7 of 9
Gurgaon
Dubai
Mumbai
66
Mumbai
Dubai
127
FMCG
67
Mumbai
New
Jyothy
Laboratories
Al Maya Group
Multi Brand Retail
82
Dubai
$ 300
New
JagranPrakashan
72
Kanpur
$ 300
New
$ 300
-9%
Hospitality
84
Delhi
127
Prithvi Raj Singh
Oberoi
Onkar Kanwar
Pipavav Defence
And Offshore
Engineering
East India Hotels
Media
&Entertainment
Manufacturing
Apollo Tyres
Manufacturing
70
Gurgaon
127
PNC Menon
$ 300
-23%
Sobha Developers
Real Estate
64
Bangalore
127
$ 300
-45%
42
Mumbai
$ 300
-12%
IRB Infrastructure
Developers
Yes Bank
Infrastructure
127
Virendra
Mhaiskar
RanaKapoor
Financial Services
56
Mumbai
127
Sameer Gehlaut
$ 300
New
Financial Services
39
Mumbai
127
$ 300
New
127
K M Mammen &
Family
Kamal Khetan
Indiabulls
Financial Services
MRF Tyres
$ 300
New
Sunteck Realty
Real Estate
41
Mumbai
127
Madhu Kapur
$ 300
New
Yes Bank
Financial Services
50
Mumbai
127
127
127
127
MP
Ramachandran
Lachmandas
Pagarani
Mahendra Mohan
Gupta
Nikhil &Bhavesh
Gandhi
$ 300
New
$ 300
$ 300
Mumbai
Manufacturing
Chennai
Methodology
The Hurun India Rich List is a snapshot of wealth on 18October 2013. Non-listed companies
were valued by comparison with their listed equivalents using prevailing industry transaction
comparable such as earnings multiple, revenue multiple, statistical analysis using market
indices. The rate of exchange to the US dollar was INR 61.5.
Valuing the wealth of India’s richest is as much an art as it is a science. Our team of
researchers has been sifting through volumes of publically-available data on the top Indian
entrepreneurs. The result is the second and more comprehensive Hurun India Rich List 2013.
No, it is not perfect. We have missed off people that have gone to extraordinary lengths to
keep their names off public records, but it is nonetheless, a serious attempt to rank and
understand the changes going through the Indian economy.
The Hurun Indian Rich List relates to Indians, defined as someone born or bread in India, no
matter what passport they might hold today.
6F, Zhongrong Jasper Tower, 8 Yincheng Road, Shanghai 200120
021-5010 5808 www.hurun.net
Page 8 of 9
About Hurun Report
Established as a research unit in 1999 by British chartered accountant Rupert Hoogewerf,
Hurun Report Inc. has grown on the back of the Hurun China Rich List, a list which ranks the
1000 richest individuals in China. As the Chinese entrepreneurs have grown in the past
decade, Hurun Report has expanded to include a Global Rich Listin 2012& 2013andIndia Rich
List 2012 and 2013, allowing for comparisons between two of the most dynamic economies
in the world.
Hurun Report is a leading research house and luxury publishing group based in Shanghai,
China. Hurun Report Inc. has a stable of four luxury magazines, the Hurun Research Institute
and an active business events division targeting China’s entrepreneurs and high net worth
individuals.
The flagship Hurun Report magazine is published monthly and reaches the households of
106,000 proven wealthy Chinese individuals and their advisers. Hurun Report is best known
for its annual Hurun China Rich List, widely considered the bible of wealth and de-facto
Who’s Who of Chinese business.
Hurun Report Inc. also publishes Horse & Polo, The Schools Guide Series and Wings & Water.
Horse & Polo provides in-depth coverage about horse related issues including features on
Polo, Dressage, Horse Racing, Bloodstock as well as Dogs and Croquet. The magazine is
designed to be the glamorous companion for wealthy Chinese with a passion for horses.
The Schools Guide Series explains the respective education systems of various destinations
such as the UK, US, Canada, Australia and New Zealand, Switzerland and Singapore, issues
parents need to take into consideration when making the transition from the Chinese
system, and lists the top preparatory, secondary and undergraduate schools.
Wings & Water is for the so-called lion kings of China; those individuals who lead industry
and shape opinions. It addresses the needs of those entrepreneurs looking to purchase a jet
or yacht, as well as setting out how to maintain these big and costly machines.
For further information, see www.hurun.net
For media inquiries, please contact:
Rupert Hoogewerf, Hurun Report Chairman
Email: india@hurun.net
Anas Rahman Junaid
Email: Anas.rahman@hurun.net
Mobile: 8606 498 100
6F, Zhongrong Jasper Tower, 8 Yincheng Road, Shanghai 200120
021-5010 5808 www.hurun.net
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