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339 INDIVIDUALS WITH 1,600 CR, UP 43 FROM LAST YEAR AND 250% FROM FIRST HURUN INDIA RICH LIST 5 YEARS AGO

WITH INR 1, 63,400 CR, MUKESH AMBANI IS NUMBER ONE IN INDIA FOR 5TH YEAR

MUMBAI, NEW DELHI AND BENGALURU MAKE UP 60%, ADDING 26, 10 AND 4

127 BILLIONAIRES, A NEW RECORD

PALLONJI MISTRY OF TATA ENTERS TOP 3 FOR FIRST TIME

VACCINE KING CYRUS POONAWALLA STORMS INTO TOP 5

55% ARE FIRST GENERATION ENTREPRENUERS, COMPARED TO 80% IN CHINA

10% HAVE MIGRATED FROM INDIA

37 PADMA AWARDEES CONTRIBUTE 28% OF WEALTH. PALLONJI MISTRY, INDU JAIN AND DILIP SHANGHVI, AWARDED IN 2016, FIRST TIME SOMEONE FROM THE

HURUN INDIA RICH LIST SINCE 2014.

ACHARYA BALAKRISHNA, 44, OF PATANJALI (‘INDIA’S ANSWER TO UNILEVER’) IS HIGHEST NEW FACE AT 26TH WITH WEALTH OF INR 25,600 Cr

13 INDIVIDUALS MADE LIST AFTER GOING IPO IN LAST YEAR

Hurun Report India releases Hurun India Rich List 2016 , presented by India’s leading jewellery brand, Joyalukkas –“World’s Favorite Jeweler”

Hurun Report finds 339 individuals with INR1,600 Cr or more, up 44 from last year and double that of two years ago

The average wealth dropped 7% Year on Year, owing to a lackluster performance of key sectors such as Technology, Jewellery and Trading

18F Tower One, Enterprise Center, 139 Huakang Road, Shanghai, China 200070+86-21-5010 5808 www.hurun.net

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http://www.hurun.net/

Number of dollar billionaires has increased to127, up 2 from last year. The inaugural Hurun India Rich List in 2012 had 59 billionaires

33 have migrated from India and are NRI’s With a cumulative networth of INR 10,318 Cr, the Turakhia brothers (aged 34 & 36) debut

the Hurun India Rich List. Their advertising technology company media.net was acquired by Chinese consortium for almost US$1Bn

The ‘Usain Bolt’ of the Hurun India Rich List 2016: The fastest riser is Vijay Shekhar Sharma (38) of Paytm, a payment technology company. His wealth shot up by 162% to INR 7,300 Cr. 6 saw their wealth double YoY;

125 individuals saw their wealth decline, led by the Jewellery sector, which witnessed strikes because of regulatory duty hikes

With a fortune of INR 1, 63,400 Cr, Mukesh Ambani (59) of Reliance holds on to his position as the richest man in India.

Pune-based Cyrus Poonawalla (75) of Serum Institute rose to 5th position, from 11th last year, after seeing his wealth grow by 97% to INR 83,000 Cr

Whilst Mumbai continues to dominate with 30% of the list residing there, Delhi came in second with 19%, followed by Bengaluru with 8%

Pharmaceuticals dominate with 12% of the list, followed by FMCG and Chemicals & Petrochemicals with11% and 6% respectively

Only 55% are self-made, down by 1% from last year Savitri Jindal (66), the richest woman in the list with the fortune of INR 35,000 Cr saw her

wealth rise by 123%; This is backed by the stellar performance of JSW steel, which doubled in value over the past year

The combined wealth of India’s richest is a staggering US$482Bn, equating to 1/5thof India’s GDP last year and larger than the GDPs of UAE ($325Bn), South Africa ($266Bn) &Singapore ($294Bn)

Leading Authority on India’s private wealth, Hurun Report launches the India Rich List for the fifth time

(Bengaluru, 7th September, 2016): Today Hurun Report released the Hurun India Rich List 2016, a ranking of the richest people in India with a cut-off of INR 1,600 Cr. This is the fifth year of the list, which has become a benchmark for the private sector and has become widely accepted to be the most robust attempt at covering entrepreneurship in India. Wealth calculations are a snapshot of the net worth of living individuals as at 31 July 2016 when the rate of exchange to the US dollar was INR 66.69.

“Despite an above average monsoon and a steep 24% wage hike, India Inc. fails to cheer the market, resulting in a muted growth in average wealth for 2016. Subdued investors interest in e-commerce and online businesses declined valuations of ecommerce unicorns in 2016 as


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compared to 2015”, says Anas Rahman Junaid, Hurun Report India, Managing Director and Chief Researcher.

Mukesh Ambani (59) running the oil to yarn conglomerate ranked first in the list for the fifth consecutive year. He recently launched Jio and has "declared war" with rest of the telecom operators through aggressive market entry strategy. His strategy of reaching 90% of India's population has the potential of placing him at the top 3 in Hurun Global Rich List. Recently, his wife Nita Ambani became the first Indian woman member of International Olympic Committee.

With a net worth of INR 1, 21,500 Cr, Dilip Shanghvi (60) of Sun Pharma retains his second position. On May 2016 Dilip Shanghvi withdraws plans to form a payments bank jointly with the Indian financial firm IDFC Bank and an arm of Norway's Telenor. The Government of India awarded him the Padma Shri, fourth largest civilian honor in 2016.

The man who constructed iconic RBI HQ and Bombay Stock Exchange in Mumbai, Pallonji Mistry (87) nicknamed 'Phantom of Bombay House' is on the third position with a net worth of INR 1, 10,100 Cr. The government of India bestowed him with Padma Bhushan third highest civilian award in 2016. Mistry’s primary source of wealth remains his 18.4% stake in Tata Sons, the holding company for the US$130 Bn Tata Group. Backed by the stellar performance of the group, he rose to top 3 for the first time, from 5th last year.

SP Hinduja & family aggregated their wealth at INR 1, 00,700 Cr. The Hindujas lost their “bronze medal” to Pallonji Mistry. The automobile-to-financial services conglomerate plans to expand business in automotive, oil, chemicals, trading and infrastructure sectors across Africa by investing US$1 Bn in next five years.


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Table 1: Hurun India Rich List 2016 – Top 10

Rank NameWealth INR Cr

Change Company Age Residence

1- Mukesh Ambani 163,400 2% Reliance 59 Mumbai

2- Dilip Shanghvi 121,500 -4% Sun Pharma 60 Mumbai

3↑ Pallonji Mistry 101,100 16% Shapoorji Pallonji 86 Mumbai

4↓ SP Hinduja & family 100,700 -2% Hinduja 81 London

5↑ Cyrus S Poonawalla 83,000 97% Serum 74 Pune

6↑ Azim Premji 74,700 44% Wipro 71 Bengaluru

7↓ Shiv Nadar 73,000 -22% HCL 71 New Delhi

8↓ LN Mittal 66,900 -20% ArcelorMittal 66 London

9↑ Uday Kotak 51,600 8% Kotak Mahindra 57 Mumbai

10↓ Sunil Mittal & Family 50,300 4% Bharti Airtel 58 New Delhi↑ Rank increase yoy ↓ Rank decrease yoy - No Rank change yoy * New to Top 10Source: Hurun Research Institute. For more details visit www.hurun.net

Cyrus S Poonawalla (72) world's largest manufacturer of vaccines deriving 82% revenue from overseas market witnessed a 97% jump wealth backed by industry leading net profit margin 55% compared to the industry average margin. In November 2015 Poonawalla group announced “Poonawalla Clean City Movement” first of its kind in the country to spend INR 100 Cr to turning Pune into one of the cleanest cities in the country.

Azim Premji (71) also known as the Czar of the Indian IT Industry completed 50 years of leading Wipro. Mr. Premji who was 21 years old then, joined Wipro on 1966 as chairman after returning from Stanford University transformed an enterprise focused on vegetable oil business to an IT company in 1981. He wrote a single cheque of US$150Mn for investment into Ranjan Pai’s MEMG, the highest individual investment amount.

Shiv Nadar (71) lost INR 21,000 Cr in 2016 and slipped to 7 th rank with a net worth of INR 73,000 Cr from 4th rank in 2015. According to a leading Indian financial daily, his flagship company HCL lost at least US$1.5 Bn worth of contracts last year. This could be due to the trend of clients shifting towards cloud computing.

Steel baron Lakshmi Niwas Mittal (66) faced a meltdown of INR 16,300 Cr of his wealth due to the steel crisis, but it is still every fifth car uses the steel manufactured by Mittal’s company. ArcelorMittal reported a net loss of US$7.9 Bn in 2015 mostly because of a US$4.8 Bn write-


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down on iron ore mining business and a US$1.3 Bn charge on inventory due to the global steel price plunge.

Uday Kotak (57) climbed to 9th rank 2016 backed by the 9% increase in the share price Kotak Mahindra Bank in which he holds 33.7% stake. Kotak Mahindra Bank acquired a 20% stake in Airtel M-Commerce Services, a subsidiary of Bharti Airtel holding a payments bank license.

Sunil Mittal & Family – Sunil Mittal (58), is the founder of Bharti Enterprises, which has interests ranging from telecommunications and retail to financial services and solar power step down to 10th rank owing to 13% decline in the flagship company Bharti Airtel’s share price. Rising competition form Reliance Jio Bharti Airtel invested more than US$4 Bn in 2015 into network improvements and plan to invest US$9 Bn over three years.

Mumbai Top again

With 104 individuals, Mumbai is the capital for India’s super-rich, followed by New Delhi (65) and Bengaluru (28)

Table 2: Geographical spread of Hurun India Rich List 2016

CityNo. of individuals

% change

Change in no of individuals

Richest person

1- Mumbai 102 30% +17 Mukesh Ambani

2- New Delhi 65 19% +10 Shiv Nadar

3- Bengaluru 28 8% +4 Azim Premji

4* Hyderabad 18 5% +8 PV Ramaprasad Reddy

5↑ Kolkata 14 4% +4 Benu Gopal Bangur

6- Pune 13 4% +2 Cyrus S Poonawalla

7↓ Ahmedabad 11 3% +1 Gautam Adani

8↓ Dubai 10 3% -3 Micky Jagtiani

↑ Rank increase yoy ↓ Rank decrease yoy - No Rank change yoy * New to Top 8Source: Hurun Research Institute. For more details visit www.hurun.net


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Richest migrants

UAE & UK are the capitals for NRIs. 33 are based outside India, led by SP Hinduja & Family (Hinduja Group, London), followed by LN Mittal (ArcelorMittal, London), Yusuffali MA (Emke Group, Abu Dhabi), Micky Jagtiani (Landmark Group, Dubai), Anil Agarwal (Vedanta Resources, London) and Romesh T Wadhwani (Symphony Technology, Palo Alto)

Table 3: Hurun India Rich List 2016 – Richest Non-Resident Indians

NamesWealth(INR Cr)

City Company Age

1 SP Hinduja & family 100,700 London Hinduja 82

2 LN Mittal 66,900 London ArcelorMittal 66

3 Yusuffali MA 36,600 Abu Dhabi Emke 60

4 Micky Jagtiani 34,400 Dubai Landmark 65

5 Romesh T Wadhwani 19,400 Palo Alto Symphony 69

6 Ravi Pillai 18,800 Dubai RP Group 63

7 Rakesh Gangwal 15,900 Miami Interglobe Enterprise 63

8 Sunny Varkey 14,200 Dubai Gems Education 59

9 Anil Agarwal 13,700 London Vedanta Resource 62

10 Kavitark Ram Shriram 13,100 Menlo Park Google 59

Source: Hurun Research Institute. For more details visit www.hurun.net


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Pharmaceutical sector rules

The fastest wealth growing sector is transportation which grew by 65% followed by Construction materials and Retailing. The huge growth in transportation sector is supported by IPOs of airlines and logistics companies. Pharma has produced 12% of entries in the Hurun India Rich List 2016, followed by FMCG and Chemicals & Petrochemicals. Other industries that have had a good year include Financial Services and Textiles.

Table 4: Hurun India Rich List 2016 – Industry breakdown

Industry % change Richest individual1- Pharmaceuticals 12% Up 3% Dilip Shanghvi

2- FMCG 11% Up 2% Anand Burman

3↑ Chemicals & Petrochemicals 6% same Madhukar Parekh

4↓ Consumer Durables 6% same Adi Godrej

5↑ Financial Services 6% Up 2% Uday Kotak

6↓ Automobiles & Auto Components 4% Down 1% Vikram Lal

7↑ Construction & Engineering 4% same Pallonji Mistry

8↓ Realty 4% Down 1% Kushal Pal Singh

9* Software & Services 4% same Azim Premji

10*

Textile 4% Up 1% Ramesh Genomal

↑ Rank increase yoy ↓ Rank decrease yoy - No Rank change yoy * New to Top 10Source: Hurun Research Institute. For more details visit www.hurun.net


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Top Gainers

The biggest gain registered was a 162% increase by Vijay Shekhar Sharma (38), the founder of Paytm. Rakesh Gangwal, “the king of blue skies”, boosted his networth to INR 15,900 Cr, supported by the post IPO performance of Indigo Airlines. Paytm was one of the first Indian investments of Alibaba last year.

Table 5: Hurun India Rich List 2016 – Biggest Gainers

NameWealth (INR Cr)

% Change

Company Location Industry

1Vijay Shekhar Sharma

7,300 162% Paytm New Delhi Technology

2 Rakesh Gangwal 15,900 153%InterGlobe Enterprise

MiamiTransport Services

3 BR Shetty 11,000 142% UAE Exchange Abu DhabiFinancial Services

4Savitri Jindal & Family

35,000 123% JSW Steel HisarMetals & Mining

5 Yusuffali MA 36,600 109% Emke Abu Dhabi Retailing

6Jai Hari Dalmia & Family

8,400 109% Dalmia Bharat New DelhiConstruction Materials



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All the young entrepreneurs under 40 in Hurun India Rich List 2016 are active in their respective business

At 61, the average age is same as that of last year; with 11 under 40 The youngest person on the list is Bhavish Aggarwal (30), co-founder of Olacabs The oldest is Murli Kewalram Chanrai, 93, of Kewalram Chanrai

Table 6: Hurun India Rich List 2016 – Entrants under 40

No Name AgeWealth (INR Cr)

City CompanySelf-Made Degree

Industry

1Bhavish Aggarwal

30 3,000 Mumbai Olacabs 4 Technology

2 Rajiv Poddar 31 4,500 Mumbai Balkrishna 3Automobiles & Auto Components

3 Kunal Bhal 32 2,300 New Delhi Snapdeal 4 Technology

4 Binny Bansal 33 5,400 Bengaluru Flipkart 4 Technology

5 Nilima Motaparti 34 7,100 HyderabadDivis Laboratories

3 Pharmaceuticals

6Divyank Turakhia, Bhavin Turakhia

34/36 10,318 Dubai Media.net 5 Technology

7 Sachin Bansal 35 5,400 Bengaluru Flipkart 4 Technology

8Nishita Shah Federbush& Family

36 2,200 BangkokPrecious Shipping

3Transport Services

9Vijay Shankar Sharma

38 7,300 New Delhi Paytm 4 Technology

10Divi Satchandra Kiran

40 6,000 HyderabadDivis Laboratories

3 Pharmaceuticals



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Only 4% women

Men dominate, with just 4% women occupying a place in the list. The only self-made women entrepreneur is Bengaluru-based Kiran Mazumdar-Shaw (63) of Biocon, with a networth of INR 10,800 Cr.

Savitri Jindal (66), is the richest woman with a personal fortune pegged at INR 35,000 Cr and bags the 18th position in the Hurun India Rich List 2016. Her flagship company JSW Steel, run by her sons had a good year last year, owing to backward integration; this resulted in doubling share price of JSW. She is the only politically affiliated women in Hurun India Rich List 2016. She is followed by Indu Jain (79) at INR 28, 000 Cr.

Table 7: Hurun India Rich List 2016 – Richest Women in India

NameWealth %

ChangeAge Company Location Industry

(INR Cr)

1Savitri Jindal & Family

35,000 123% 66 JSW Steel Hisar Metals & Mining

2 Indu Jain 28,000 46% 79Bennett Coleman

New Delhi Media

3Smitha V Crishna

15,700 New 66 Godrej Mumbai Consumer Durables

4 Vinod Gupta 14,800 25% 71Havells India

New Delhi Consumer Durables

5Mallika Srinivasan

11,700 23% 57 TAFE ChennaiAutomobiles & Auto Components

6Kiran Mazumdar-Shaw

10,800 76% 63 Biocon Bengaluru Pharmaceuticals

7Nilima Motaparti

7,100 New 34 Divi's LabHyderabad

Pharmaceuticals

8 Anu Aga 7,000 -14% 74 Thermax Pune Capital Goods

9 Madhu Kapur 5,600 43% 59 Yes Bank Mumbai Financial Services

10 Sophie Ahmed 2,600 New - Cipla Mumbai PharmaceuticalsSource: Hurun Research Institute. For more details visit www.hurun.net

The IPO millionaires


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The companies of 13 individuals went public this year. 10 New IPO’s hits Indian bourses of which 7 IPOs contributed 8 members to this year list. Healthcare contributes three names to IPO millionaire’s in 2016.

Table 8: Hurun India Rich List 2016 – Latest IPO’s

NameWealth

Age Company Location Industry(INR Cr)

1 Rakesh Gangwal 15,900 63 Interglobe Enterprise

Miami Transport Services

2 Samprada Singh 13,800 91 Alkem Laboratories

Mumbai Pharmaceuticals

3 Rahul Bhatia* 13,300 61 Interglobe Enterprise

New Delhi Transport Services

4 Arvind Lal & Family 5,100 67 Dr. Lal PathLabs New Delhi Healthcare

5 VG Siddhartha 4,100 57 Café Coffee Day Bengaluru Hotels & Restaurants

6 Kapil Bhatia 2,600 84 Interglobe Enterprise

New Delhi Transport Services

7 Arokiaswamy Velumani

2,100 58 Thyrocare Technologies

Mumbai Healthcare

8 Vasant Laxminarayan Rathi & Family

2,100 68 Advanced Enzyme Technologies

Yorba Linda

Chemicals & Petrochemicals

9 Devi Prasad Shetty 2,000 63 Narayana Hrudayalaya

Bengaluru Healthcare

10 Shakuntala Shetty 1,900 - Narayana Hrudayalaya

Bengaluru Healthcare

11 Ajit Abraham Isaac 1,900 49 Quess Corp Bengaluru Other Services

12 Vishal Ajitbhai Mehta

1,800 42 Infibeam Ahamedabad

Retailing

13 Kedar Ramesh Vaze & Family

1,700 42 SH Kelkar & Company

Mumbai Chemicals & Petrochemicals


Entrepreneurs appreciated by the government of India


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37 are Padma awardees, of which four are women. Three individuals were awarded in the last year, led by Pallonji Mistry, Indu Jain and Dilip Shanghvi, the first time someone from the Hurun India Rich List was awarded since 2014.

There is no one in Hurun India Rich List 2016 who has received the highest civilian award, “Bharat Ratna”. 5 individuals hold either of the two awards. For instance Kiran Mazumdar Shaw of Biocon and Devi Prasad Shetty of Narayana Hrudayalaya holds both Padma Shri and Padma Bhushan. Pratap reddy of Apollo Hospitals and Ratan Tata of Tata Sons holds both Padma Vibhushan and Padma Bhushan.

Table 9: Hurun India Rich List 2016 – Padma awardees

Award Number Richest Company Wealth (INR Cr.)

1 Padma Vibhushan 5 LN Mittal ArcelorMittal 66,900

2 Padma Bhushan 20

Pallonji Mistry SP Group 1,01,100

3 Padma Shri 17 Dilip Shanghvi Sun Pharma 1,21,500


Table 9.1: Hurun India Rich List 2016 – Padma awardee details

Padma Award Name Company Year

Vibhushan & Bhushan Prathap Reddy Apollo Hospitals 2010/1991

Ratan Tata Tata Sons 2008/2000

Vibhushan & Shri NR Narayana Murthy Infosys 2000/2008

Vibhushan LN Mittal ArcelorMittal 2008

Prithvi Raj Singh Oberoi East India Hotels 2008

Bhushan & Shri Kiran Mazumdar-Shaw Biocon 2005/1989

Devi Prasad Shetty Narayana Hrudayalaya 2012/2004

Pallonji Mistry Shapoorji Pallonji 2016


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Bhushan

Azim Premji Wipro 2011

Shiv Nadar HCL 2008

Sunil Mittal Bharti Airtel 2007

Indu Jain Bennett Coleman 2016

Kushal Pal Singh DLF 2010

Rahul Bajaj Bajaj Auto 2001

Adi Godrej Godrej 2013

Jamshyd Godrej Godrej 2003

Baba Kalyani Bharat Forge 2008

Yusuf Hamied* Cipla 2005

S Gopalakrishnan Infosys 2011

Analjit Singh Max India 2011

Nandan Nilekani Infosys 2006

Swraj Paul Caparo Group 1983

SP Oswal Vardhman Textiles 2010

Shri

Dilip Shanghvi Sun Pharma 2016

Cyrus S Poonawalla Serum 2005

Yusuffali MA Emke 2008

Ravi Pillai RP 2010

Sunny Varkey Gems Education 2009

Mallika Srinivasan TAFE 2014

BR Shetty UAE Exchange 2009

Karsanbhai Patel Nirma 2010

Azad Moopen DM Healthcare 2011

Anu Aga Thermax 2010

Jawaharlal Gangaramani Al Fara 2010

Naresh Trehan Medanta Medicity 1991

Shobhana Bhartia Hindustan Times 2005

Rajinder Gupta TridentGroup 2007


Largest public traded companies

Of the publicly traded companies on the list, Mukesh Ambani’s Reliance has the highest valuation of INR 3,19,700 Cr (contributing 5.35% to the NIFTY index), followed by Infosys with


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INR 2,46,600 Cr and Sun Pharmaceutical INR 1,99,500 Cr. Followed by Tata Motors & Kotak Mahindra with market cap of INR 1,45,200 and INR 139,800 Cr respectively.

Table 10: Hurun India Rich List 2016 - Self-Made Degree

Self-Made Degree

No Of Individuals

Richest Individual Company AgeWealth INR Cr.

5 30 Shiv Nadar HCL 71 73,000

4 173 Dilip Shanghvi Sun Pharma 60 121,500

3 128 Mukesh Ambani Reliance 59 163,400

2 1 Anil Ambani ADA Reliance 57 28,500

1 3 Savitri Jindal JSW Steel 66 35,000


Hurun Report continued its Self-Made Scorecard, measuring the degree to which billionaires are inherited or self-made. The scorecard is out of five, where 1 is inherited and not active in business, and 5 is self-made without help from parents.

Self-made with a little help from parents was the most common route to becoming a billionaire, featuring 51% of the list. Second was self-made without help from parents, making up 9% of the list. Third was inheriting a business and growing it into a much bigger entity, with 38% and only one person was Self-Made Degree 1.


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Industry analysis

The industries that added the most number of new millionaires to the list were pharmaceuticals, FMCG, financial service, chemicals and engineering & construction.

For a snapshot of the industry that added most number of new entries, refer the table below.

Table 11: Industry producing most number of new entrants

IndustryNew additions

Cumulative Wealth (INR Cr)

Richest New Individual

Company

Pharmaceuticals 13 56,100 B Parthasaradhi Reddy Hetero group

FMCG 11 50,300 Acharya Balakrishna Patanjali

Textiles, Apparels & Accessories

7 14,900 Rameshchandra T Jain Bhilosa Industries

Chemicals& Petrochemicals

6 11,200 Vinod Saraf Vinati Organics

Financial Services

6 14,600Raamdeo Ramgopla Agarwal

Motilal Oswal


PharmaceuticalsWith an astounding figure of 21 Billionaires and 18 other individual mentions in the list, pharma sector has registered the highest contribution to the list. In 2016, the sector witnessed a 17% growth in cumulative wealth compared to 2015. The number of individuals doubled. Although the growth in cumulative wealth is substantially driven by the performance of private players, it should be noted that the listed players fared poorly. For instance, in 2015 the listed players registered a 66% average growth in share price compared to 9% in 2016. The vaccine icon Cyrus S Poonawalla of Serum Institute of India elevated his position by 6 ranks and is now comfortably placed in Top 5.

FMCGIn 2016 when most sectors failed to keep up the momentum, FMCG registered a decent growth of 14% in terms of the cumulative wealth. Yoga Acharya’s Patanjali took the market by storm and is eating away market share of other multinational FMCG’s. Patanjali registered a turnover of INR 5,000 Cr and expects to hit INR 10,000 Cr in 2017.


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Chemicals & Petrochemicals

21 individuals derived their wealth from the Chemicals & Petrochemicals sector. 6 new entrants are in the list. This sector saw its wealth increase on an average of 18% compared to that of last year. Gurbachan Singh & Kuldip Singh Dhingra, Berger Paints, saw their wealth grow by 53%during the period 2015-16. Devendra Kumar Jain (87), of Gujarat Flourochemicals is the oldest billionaire from this sector.

Consumer Durables

Baked by increased disposable income and technological innovations, the entrepreneurs in consumer durable industry showed a positive trend with decent 5% growth in average wealth. The sector produced 3 new entrants to the list. As per studies, the consumer durables market is expected to expand at a compounded annual growth rate of 14.8% and Hurun Research Institute expects significant wealth creation in the near future.

Financial Service

Financial Services added 6 new faces into the list. The sector is topped by Uday Kotak (age 57, networth INR 51,600 Cr) followed by Sameer Gehlaut (age 42, INR 10,400 Cr). The Muthoot Finance produced most number of individuals from the financial services in Hurun India Rich List 2016.

Stock Markets Performance

Bombay Stock Exchange (BSE) Sensex went down by 0.2% from 28,114 on July 31, 2015to 28,051 on July 31, 2016. For the year under review, BSE Mid Cap (12.3%) and BSE Small Cap Index (3.23%) outperformed the benchmark index. Sensex failed to outperform Global indices S&P 500 (3.3%) and DJIA (4.2%). At a sectorial level, Healthcare and IT underperformed among the sectorial indices. All the others performed with at least 10% return – the biggest gainer was metals with a 36.26% return year to date. Currently, Indian stock market seems to be trading at an attractive valuation 19.6x compared to last year’s 20.2x.


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This year’s Hurun India Rich List reveals some interesting nuggets of information

Promoters of Essar Oil Limited completed largest privatisation in Indian corporate

history with delisting of Essar Oil Limited at a market valuation of INR 38,000 Cr

(USD 5.7 Bn)

MEMG, the flagship company of Ranjan Pai holds the record of highest number of

successful exit rounds in Indian companies. MEMG has given 11 exit rounds for its

investors

With a strong performance backed by JSW steel, the richest women in the Hurun

India Rich List has doubled her wealth (123%) when other steel companies under

performed.

125 individuals saw their networth fall

This year Hurun India Rich List added 6 new billionaires to the list

11% of the list are Padma awardees

Kiran Mazumdar Shaw of Biocon is the only woman in Hurun India Rich List 2016 to

receive both Padmasri and Padmabhushan

Clocking a turnover of YoY growth of 12% in domestic sales, Joyalukkas Group had a

good year in 2016 in India. The main source of revenue is from Joy Alukkas India Pvt.

Ltd and Joy Alukkas Holdings, which are two separate companies 100% owned by Mr

Joy Alukkas. His wealth went up by 14% this year

Wealth and Philanthropy Azim Premji, who secured sixth rank in India Rich List is the number one in Hurun

India Philanthropy List 2015.

Mukesh Ambani, Pallonji Mistry, Azim Premji and Shiv Nadar – top 10 in Hurun India

Rich List 2016, also finds a place in top 10 of Hurun India Philanthropy List 2015.

Led by Mukesh Ambani, five Indians feature in top 100 of Hurun Global Rich List

2015. India’s richest person is ranked 21 in Hurun Global Rich List 2015


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Table 12: Obituary – Hurun Indian Rich List 2016

Name Company

Age at the

time of

death

Networth 2015

(INR Cr)

Brijmohan Lall Munjal Hero Moto 92 23,400

Pralhad P Chhabria Finolex industries 86 2,200

MAM Ramaswamy Chettinad Cement 84 3,000 Source: The Hurun Research Institute 2016

Brijmohan Lall Mujals wealth inherited by his three sons equally as per the family settlement agreement. For Pralhad P Chhabria and MAM Ramaswamy wealth inherited by sons Prakash P Chhabria and MAMR Muthiah respectively.


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Stats: Record Highs

Cut-off to make the list was INR 1600 Cr, with a record high of 339 individuals, up from 296 last year and 235 the year before.

The number of dollar billionaires has jumped to a record high too, with 127 individuals, up 1 from last year.

Table 13: Table analyzing cut off and number of entrepreneurs in Hurun India Rich List

YearCut-off INR Cr

No. of peoplein the list

No. of

$ billionaires

2012 1600 100 59

2013 1800 141 63

2014 1800 230 109

2015 1600 296 124

2016 1600 339 127Source: The Hurun Research Institute 2016

Cut-off (in INR Cr)

Table 14: Table analyses the cut-off required for Top 10, 50 and 100

2016 INR Cr

2015 INR Cr 2014 INR Cr 2013 INR Cr 2012 INR Cr

Top 10 50,400 47,000 44,000 46,600 30,700

Top 50 14,900 15,100 11,500 7,600 5,900

Top 100 7,600 7,900 6,500 3,800 1,600

Source: The Hurun Research Institute 2016

Table 15: Companies that produced the highest number of individuals on the list

Company Name No. of individualsInfosys 5

Godrej 5

DS 4

Micromax 4

Polycab 4


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Muthoot Finance 4

GRL 2015The Hurun Global Rich List 2015 ranked 2189 billionaires from 68 countries, up 222 from last year, in a record-breaking year for the world’s billionaires. 649 saw their wealth increase and there were 341 new faces. 230 remained unchanged. 869 individuals saw their wealth decrease. 95 dropped out of last year’s list. The Russian Rouble collapse, brought about by a stagnating Russian economy, sanctions due to Ukrainian conflict and cheaper oil price by the OPEC, has been the cause for 60% of Russian billionaires to see their wealth drop, led by Vladimir Yevtushenkov and Vagit Alekperov of Lukoil whose wealth fell by 77% and 73% respectively. Although the list expanded by 222 individuals, the total wealth dropped by 1.5% to US$6.7 trillion, still more than the GDP of Japan and South Korea combined.

Methodology

The Hurun India Rich List is a snapshot of wealth as on 31 July 2016. The exchange rate used for US$ was INR 66.7. The list relates to Indians only, defined as born or brought up in India origin their passport today.

Valuing the wealth of India’s richest is as much an art as it is a science. Sure, we have missed some, but we believe the Hurun India Rich List to be the most serious attempt to identify India’s top entrepreneurs and to measure their holdings. Our team of researchers has - for the fifth year running - traveled the length and breadth of the country cross-checking information with entrepreneurs, industry experts, journalists, bankers, and regulators, as well as previous years’ databases. For non-listed companies our valuation was based on a comparison with their listed equivalents using prevailing industry multiples such as Price to Earnings, Price to Sales, EV to Sales, EV to EBITDA and also other methodologies including Discounted Cash Flow, Tobin’s Q and so on. In certain cases of early stage companies, we have used First Chicago Method for valuation.

This year, we have split out siblings, so companies like Muthoot Finance have been split across four individuals.


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For details on other India based publication please refer the following links

Hurun India Rich Lists

http://hurun.net/EN/HuList.aspx?nid=1033

Hurun India Philanthropy List

2015 http://www.hurun.net/en/ArticleShow.aspx?nid=15701

2014 http://www.hurun.net/EN/ArticleShow.aspx?nid=9583

2013 - http://www.hurun.net/en/ArticleShow.aspx?nid=213


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http://www.hurun.net/en/ArticleShow.aspx?nid=213

http://www.hurun.net/EN/ArticleShow.aspx?nid=9583

http://www.hurun.net/en/ArticleShow.aspx?nid=15701

http://hurun.net/EN/HuList.aspx?nid=1033

Hurun India Rich List 2016

Rank

Change

in Rank

Name

Selfmade

score

Wealth

INR CrCompany Industry Age Residence

Wealth

in

USD

000'

Mn

1 0 Mukesh Ambani 3163,40

0 Reliance Oil & Gas 59 Mumbai

24,50

1

2 0 Dilip Shanghvi 4121,50

0 Sun Pharma Pharmaceuticals 60 Mumbai

18,21

9

3 2 Pallonji Mistry 3101,10

0 Shapoorji Pallonji

Construction &

Engineering86 Mumbai

15,16

0

4 -1 SP Hinduja & Family 3100,70

0 Hinduja Diversified 82 London

15,10

0

5 6 Cyrus S Poonawalla 4 83,000 Serum Pharmaceuticals 75 Pune 12,44

6

6 1 Azim Premji 4 74,700 Wipro Software & Services 71 Bangalore 11,20

1

7 -3 Shiv Nadar 5 73,000 HCL Software & Services 71 New Delhi 10,94

6

8 -2 LN Mittal 4 66,900 ArcelorMittal Metals & Mining 66 London 10,03

1

9 1 Uday Kotak 5 51,600 Kotak Mahindra Financial Services 57 Mumbai 7,73

7

10 -1 Sunil Mittal & Family 4 50,300 Bharti Airtel Telecom Services 58 New Delhi 7,54

2

11 2Kumar Mangalam

Birla3 45,500 Aditya Birla Diversified 49 Mumbai

6,82

3

12 -4 Gautam Adani 4 42,400 Adani Enterprises Diversified 54 Ahmedabad 6,35

8

13 -1Anand Burman &

Family3 41,800 Dabur FMCG 64 New Delhi

6,26

8

14 0 Desh Bandhu Gupta 4 40,400 Lupin Pharmaceuticals 78 Mumbai 6,05

8

15 7 Benu Gopal Bangur 4 39,000 Shree CementsConstruction

Materials85 Kolkata

5,84

8

16 21 Yusuffali MA 5 36,600 Emke Retailing 60 Abu Dhabi 5,48


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8

17 4 Subhash Chandra 4 35,100 Zee Media 65 Mumbai 5,26

3

18 27Savitri Jindal &

Family1 35,000 JSW Steel Metals & Mining 66 Hisar

5,24

8

19 0 Micky jagtiani 4 34,400 Landmark Retailing 65 Dubai 5,15

8

20 -2 Vikram Lal 3 33,800 Eicher MotorsAutomobiles & Auto

Components74 New Delhi

5,06

8

21 -4 Pankaj Patel 3 31,000 Cadila Pharmaceuticals 65 Ahmedabad 4,64

8

22 1 Anil Ambani 2 28,500 ADA Reliance Diversified 57 Mumbai 4,27

4

23 4Madhukar Parekh &

Family3 28,200 Pidilite

Chemicals &

Petrochemicals70 Mumbai

4,22

9

24 8 Indu Jain 3 28,000 Bennett Coleman Media 79 New Delhi 4,19

9

25 New Acharya Balakrishna 4 25,600 Patanjali Ayurved FMCG 44 Haridwar 3,83

9

26 2 Shashi Ruia 4 25,300 Essar Oil & Gas 72 Mumbai 3,79

4

26 2 Ravi Ruia 4 25,300 Essar Oil & Gas 67 Mumbai 3,79

4

28 2 Ashwin Dani 3 25,000 Asian PaintsChemicals &


3,74

9

29 11 Kushal Pal Singh 4 23,200 DLF Realty 84 New Delhi 3,47

9

30 -6 Rahul Bajaj 3 20,700 Bajaj AutoAutomobiles & Auto

Components78 Pune

3,10

4

31 -11 Nusli Wadia 3 20,400 Britannia FMCG 72 Mumbai 3,05

9

32 1 Harsh Mariwala 3 19,600 Marico FMCG 65 Mumbai 2,93

9

33 2Romesh T

Wadhwani4 19,400

Symphony

Technology Investments 69 Palo Alto

2,90

9

34 7PV Ramaprasad

Reddy*4 19,200 Aurobindo Pharma Pharmaceuticals 58 Hyderabad

2,87

9

35 11 Vijay Chauhan & 3 19,100 Parle Products FMCG 80 Mumbai 2,86


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Family 4

36 18Vivek Chaand

Sehgal4 18,900

Motherson Sumi

System

Automobiles & Auto


2,83

4

37 16 Ravi Pillai 5 18,800 RPConstruction &

Engineering63 Dubai

2,81

9

38 12 Ashwin Choksi 3 18,300 Asian PaintsChemicals &


2,74

4

39 13 Abhay Vakil 3 17,500 Asian PaintsChemicals &


2,62

4

40 3 Rajan Raheja 4 16,900 Exide IndustriesAutomobiles & Auto

Components62 Mumbai

2,53

4

41 74 Rakesh Gangwal 4 15,900 Interglobe Enterprise Transport Services 63 Miami 2,38

4

42 -27 Adi Godrej* 3 15,700 Godrej Consumer Durables 74 Mumbai 2,35

4

42 -27 Jamshyd Godrej* 3 15,700 Godrej Consumer Durables 67 Mumbai 2,35

4

42 1 Rishad Naoroji 1 15,700 Godrej Consumer Durables 64 Mumbai 2,35

4

42 New Nadir Godrej 3 15,700 Godrej Consumer Durables 65 Mumbai 2,35

4

42 New Smitha V Crishna 3 15,700 Godrej Consumer Durables 66 Mumbai 2,35

4

47 -10 Chandru Raheja 4 15,300 Shoppers Stop Retailing 76 Mumbai 2,29

4

48 9 Kalanithi Maran 3 15,200 Sun Network Media 52 Chennai 2,27

9

49 46Hasmukh Chudgar &

Family4 15,100 Intas Pharma Pharmaceuticals 83 Ahmedabad

2,26

4

50 -19 Ajay Piramal 3 14,900 Piramal Enterprise Pharmaceuticals 60 Mumbai 2,23

4

51 12 Vinod gupta 3 14,800 Havells India Consumer Durables 71 New Delhi 2,21

9

52 25 Sunny Varkey 3 14,200 Gems Education Other Services 59 Dubai 2,12

9

53 19 Samprada Singh 4 13,800 Alkem Laboratories Pharmaceuticals 91 Mumbai 2,06

9

54 -29 Anil Agarwal 4 13,700 Vedanta Resource Metals & Mining 62 London 2,05


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4

55 54 Rahul Bhatia* 4 13,300 Interglobe Enterprise Transport Services 61 New Delhi 1,99

4

56 3Kavitark Ram

Shriram4 13,100 Google Software & Services 59 Menlo Park

1,96

4

57 11Mannalal B Agarwal

& Family4 12,600 Ajanta Pharma Pharmaceuticals 69 Mumbai

1,88

9

58 -7Glenn Saldanha &

Family3 12,400 Glenmark Pharma Pharmaceuticals 47 Mumbai

1,85

9

59 26 Prakash Lohia 4 12,100 IndoramaChemicals &

Petrochemicals64 London

1,81

4

60 4 Sudhir Mehta 3 12,000 Torrent Pharma Pharmaceuticals 61 Ahmedabad 1,79

9

60 4 Samir Mehta 3 12,000 Torrent Pharma Pharmaceuticals 53 Ahmedabad 1,79

9

62 -20 Baba Kalyani 3 11,900 Bharat Forge Diversified 67 Pune 1,78

4

63 -24 Feroz Allana 5 11,700 IFFCO Trading - Sharjah 1,75

4

63 16 Mallika Srinivasan 3 11,700 TAFEAutomobiles & Auto

Components57 Chennai

1,75

4

65 8Mangal Prabhat

Lodha5 11,600 Lodha Realty 60 Mumbai

1,73

9

66 24 Aloke Lohia 4 11,500 IndoramaChemicals &

Petrochemicals58 Bangkok

1,72

4

67 -1 Vinod Khosla 4 11,400 Khosla Ventures Investments 61 Portola Valley 1,70

9

68 82 BR Shetty 4 11,000 NMC Healthcare 74 Abu Dhabi 1,64

9

69 -43 Yusuf Hamied* 3 10,900 Cipla Pharmaceuticals 80 Mumbai 1,63

4

69 NewB Parthasaradhi

Reddy4 10,900

Hetero group of

companiesPharmaceuticals 62 Hyderabad

1,63

4

71 48Kiran Mazumdar-

Shaw4 10,800 Biocon Pharmaceuticals 63 Bangalore

1,61

9

72 -11Radhe Shyam

Agarwal4 10,700 Emami FMCG 70 Kolkata

1,60

4

72 -11 Radhe Shyam 4 10,700 Emami FMCG 69 Kolkata 1,60


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Goenka 4

74 24Rakesh

Jhunjhunwala5 10,500 Rare Enterprises Investments 56 Mumbai

1,57

4

75 0 Sameer Gehlaut 4 10,400 Indiabulls Financial

ServicesFinancial Services 42 Mumbai

1,55

9

75 -18NR Narayana

Murthy4 10,400 Infosys Software & Services 70 Bangalore

1,55

9

77 NewDivyank Turakhia,

Bhavin Turakhia 5 10,318 Media.net Technology 34/36 Dubai

1,54

7

78 8 Tony Jashanmal 3 10,200 Jashanmal Retailing 69 Dubai 1,52

9

79 -5 Ranjan Pai 3 10,100 Manipal Education &

Medical Other Services 43 Bangalore

1,51

4

80 -4 Balkrishan Goenka 5 10,000 Welspun Corp Capital Goods 50 Mumbai 1,49

9

81 37Gurbachan Singh

Dhingra3 9,500 Berger Paints

Chemicals &

Petrochemicals66 Kolkata

1,42

5

81 37Kuldip Singh

Dhingra3 9,500 Berger Paints

Chemicals &

Petrochemicals69 Kolkata

1,42

5

83 New Mukund Rungta 3 9,200 Rungta Mines Metals & Mining 58 Jharkhand 1,38

0

84 -27 Ravi Jaipuria 4 9,100 RJ Corp FMCG 61 New Delhi 1,36

5

85 60 Jithendra Virwani 4 8,800 Embassy Property

Developments Realty 50 Bangalore

1,32

0

85 -29 Habil Khorakiwala 5 8,800 Wockhardt Healthcare 74 Mumbai 1,32

0

87 3Ramesh Genomal &

Family4 8,600 Page Industries

Textiles, Apparels &

Accessories63 Bangalore

1,29

0

88 -7 S Gopalakrishnan 4 8,400 Infosys Software & Services 61 Bangalore 1,26

0

88 76Jai Hari Dalmia &

Family3 8,400 Dalmia Bharat

Construction

Materials72 New Delhi

1,26

0

90 -12 Mofatraj Munot 5 8,200 Kalpataru Realty 72 Mumbai 1,23

0

91 New Sunil Kant Munjal 3 8,100 Hero MotocorpAutomobiles & Auto


1,21

5

91 New Pawan Kant Munjal 3 8,100 Hero Motocorp Automobiles & Auto 62 New Delhi 1,21


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Components 5

91 New Suman Kant Munjal 3 8,100 Hero MotocorpAutomobiles & Auto


1,21

5

94 New Nandlal Rungta 3 7,800 Rungta Mines Metals & Mining 66 Jharkhand 1,17

0

94 42 Karsanbhai Patel 5 7,800 Nirma FMCG 72 Ahmedabad 1,17

0

94 -12 Rajesh Mehta 5 7,800 Rajesh Exports Jewellery 51 Bangalore 1,17

0

94 9 Vikas Oberoi 3 7,800 Oberoi Realty Realty 46 Mumbai 1,17

0

98 -3 Nirav Modi 3 7,700 Firestar Diamonds Jewellery 45 Mumbai 1,15

5

98 -37 Manoj Bhargava 4 7,700 5 Hour Energy FMCG 63Farmington

Hills

1,15

5

100 -8 Rajju Shroff 5 7,600 United PhosphorusChemicals &


1,14

0

101 1 Sanjiv Goenka 3 7,500 Spencer Retail Retailing 55 Kolkata 1,12

5

102 11 Azad Moopen 5 7,400 DM Healthcare Healthcare 63 Dubai 1,11

0

102 3 Prithviraj Kothari 4 7,400 RSBL Jewellery 56 Mumbai 1,11

0

104 97Vijay Shekhar

Sharma4 7,300 Paytm Technology 38 Delhi

1,09

5

105 -71 GV Prasad* 4 7,200 Dr Reddy's Lab Pharmaceuticals 55 Hyderabad 1,08

0

106 -3Prathap Reddy &

Family4 7,100 Apollo Hospitals Healthcare 83 Chennai

1,06

5

106 New Nilima Motaparti 3 7,100 Divi's Lab Pharmaceuticals 34 Hyderabad 1,06

5

108 NewRadhakishan

Damani4 7,000 Avenue Supermarts Retailing 61 Mumbai

1,05

0

108 -38 PNC Menon 5 7,000 PNC InvestmentsConstruction &

Engineering68 Bangalore

1,05

0

108 -12 Anu Aga 3 7,000 Thermax Capital Goods 74 Pune 1,05

0

111 74 Lachman Das Mittal 3 6,900 Sonalika Automobiles & Auto 85 Hoshiarpur 1,03


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Components 5

112 -6 Joy Alukkas 4 6,800 Joy Alukkas Jewellery 60 Kochi 1,02

0

112 New K Satish Reddy 3 6,800 Dr Reddy's Lab Pharmaceuticals 49 Hyderabad 1,02

0

112 61 Sanjay S Lalbhai 3 6,800 Arvind Textiles, Apparels &

Accessories62 Ahmedabad

1,02

0

112 1 Harsh Goenka 3 6,800 RPG Enterprises Diversified 58 Mumbai 1,02

0

112 9 Ramesh Juneja 4 6,800 Mankind Pharma Pharmaceuticals 61 New Delhi 1,02

0

112 9 Rajeev Juneja 4 6,800 Mankind Pharma Pharmaceuticals 51 Delhi 1,02

0

118 23Achal Anil Bakeri &

Family4 6,700 Symphony Consumer Durables 56 Ahmedabad

1,00

5

119 -7Prakash Chauhan &

Family3 6,600 Parle Agro Foods FMCG 70 Mumbai

99

0

119 -19 Analjit Singh 4 6,600 Max India Financial Services 62 New Delhi 99

0

121 -5 Bhadresh Shah 4 6,500 AIA EngineeringConstruction &

Engineering65 Ahmedabad

97

5

121 34 Rana Kapoor 4 6,500 Yes Bank Financial Services 59 Mumbai 97

5

121 -15Chirayu R Amin &

Family3 6,500 Alembic Pharma Pharmaceuticals 70 Mumbai

97

5

121 -32 Nandan Nilekani 4 6,500 Infosys Software & Services 61 Bangalore 97

5

125 -29Devendra Kumar

Jain4 6,400

Gujarat

Flourochemicals

Chemicals &

Petrochemicals87 New Delhi

96

0

126 -34 Gautam Thapar 3 6,300 Crompton Greaves Consumer Durables 55 New Delhi 94

5

126 30 BL Taparia & Family 3 6,300 SupremeConstruction

Materials80 Mumbai

94

5

128 NewDivi Satchandra

Kiran3 6,000 Divi's Lab Pharmaceuticals 40 Hyderabad

90

0

128 23 VC Nannapaneni 4 6,000 Natco Pharma Pharmaceuticals 68 Hyderabad 90

0

130 -44 Anand Mahindra 3 5,900 M&M Automobiles & Auto 61 Mumbai 88


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Components 5

131 -1Salil Singhal &

Family3 5,800 PI Industries

Chemicals &

Petrochemicals70 New Delhi

87

0

131 0 GM Rao 4 5,800 GMRConstruction &

Engineering66 Bangalore

87

0

131 -5 Krishnan Ganesh 4 5,800 IT&T Investments 54 Bangalore 87

0

134 -34 TS Kalyanaraman 5 5,600 Kalyan Jewellers Jewellery 69 Thrissur 84

0

134 7 Ramesh Agarwal 4 5,600 DB Corp Media 71 Bhopal 84

0

134 39 Madhu Kapur 3 5,600 Yes Bank Financial Services 59 Mumbai 84

0

137 New Pradeep Jain 4 5,400 Karbonn MobilesTelecommunications

Equipment48 New Delhi

81

0

137 -26 K Dinesh 4 5,400 Infosys Software & Services 62 Bangalore 81

0

137 -1 Rizwan Sajan 4 5,400 Danube Construction

Materials51 Dubai

81

0

137 -16Irfan Razack &

Family5 5,400

Prestige Estate

ProjectsRealty 63 Bangalore

81

0

137 -55 Binny Bansal 4 5,400 Flipkart Technology 33 Bangalore 81

0

137 -55 Sachin Bansal 4 5,400 Flipkart Technology 35 Bangalore 81

0

143 -10Kanaksi Gokaldas

Khimji & Family3 5,300 Khimji Ramdas Retailing - Muscat

79

5

144 NewAdani Vinodbhai

Shantilal3 5,200 Adani Enterprises Diversified Dubai

78

0

145 -39Murli Dhar Gyan

Chandani & Family5 5,100 RSPL FMCG 67 Kanpur

76

5

145 -39Bimal Gyan

Chandani & Family5 5,100 RSPL FMCG 56 Kanpur

76

5

145 New Arvind Lal & Family 3 5,100 Dr Lal PathLabs Healthcare 67 New Delhi 76

5

145 -19 SD Shibulal 4 5,100 Infosys Software & Services 61 Bangalore 76

5

149 13 TT Jagannathan 3 5,000 TTK Prestige Consumer Durables 68 Bangalore 75


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0

149 40

Kochouseph

Chittilappilly &

Family

4 5,000 V guard Consumer Durables 66 Kochi 75

0

149 40Ashok Kumar

Kajaria & Family4 5,000 Kajaria

Construction


75

0

149 NewSudhir Valia &

Family4 5,000 Sun Pharma Pharmaceuticals 60 Mumbai

75

0

149 -28Jasminder Singh &

family3 5,000 Edwardian

Hotels &

Restaurants65 Berkshire

75

0

154 -28 Shishir Bajaj 3 4,900 Bajaj Hindustan FMCG 68 Mumbai 73

5

154 -104 Murali Divi* 4 4,900 Divi's Lab Pharmaceuticals 64 Hyderabad 73

5

154 -23Satyanarayan

Nandlal Nuwa5 4,900 Solar Industries

Chemicals &

Petrochemicals64 Nagpur

73

5

157 -24 Virendra Mhaiskar 3 4,800 IRB InfraConstruction &


72

0

157 -10 Arun Bharat Ram 3 4,800 SRF Textiles, Apparels &

Accessories76 New Delhi

72

0

157 -21Satish Ramanlal

Mehta4 4,800 Emcure Pharmaceuticals 65 Pune

72

0

160 2 Kishore Biyani 4 4,700 Future Group Retailing 55 Mumbai 70

5

160 -4 Atul Chordia 4 4,700 Panchshil Realty Realty 50 Pune 70

5

160 -4 Sagar Chordia 4 4,700 Panchshil Realty Realty 50 Pune 70

5

160 New P Pitchi Reddy 4 4,700 Megha Engineering &

Infrastructures

Construction &

Engineering59 Hyderabad

70

5

164 -116 Malvinder Singh 3 4,600 Fortis Healthcare Healthcare 43 New Delhi 69

0

164 -116 Shivinder Singh 3 4,600 Fortis Healthcare Healthcare 41 New Delhi 69

0

166 -10Ramachandra N

Galla & Family4 4,500 Amara Raja Battery

Automobiles & Auto

Components78 Hyderabad

67

5

166 New P V Krishna Reddy 4 4,500 Megha Engineering &

Infrastructures

Construction &


67

5


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166 -15Niranjan

Hiranandani4 4,500 Hiranandani Realty 65 Mumbai

67

5

166 -5 Rajiv Poddar 3 4,500 BalkrishnaAutomobiles & Auto

Components31 Mumbai

67

5

170 10 Dinesh Nandwana 4 4,400 Vakranjee Software Software & Services 52 Mumbai 66

0

171 New P Prathap Reddy 4 4,300 Penna Cement

Industries

Construction

Materials58 Hyderabad

64

5

172 NewNityananda Reddy &

Family4 4,200 Aurobindo Phrma Pharmaceuticals 58 Hyderabad

63

0

173 -28

Sanjeev

Bikhchandani &

Family

4 4,100 Info Edge India Software & Services 52 New Delhi 61

5

173 -32 Onkar Kanwar 3 4,100 Apollo TyresAutomobiles & Auto

Components72 Gurgaon

61

5

173 -34 Keshub Mahindra 3 4,100 Mahindra & MahindraAutomobiles & Auto

Components92 Mumbai

61

5

173 -91 VG Siddhartha 4 4,100 Café Coffee DayHotels &

Restaurants57 Bangalore

61

5

177 29Atul Chandrakant

Kirloskar & Brothers3 4,000 Kirsloskar Oil Engine Capital Goods 60 Pune

60

0

177 -85 Hemendra Kothari 4 4,000 DSP BlackRock Investments 70 Mumbai 60

0

179 22 Shashi Kiran Shetty 4 3,900 Allcargo Logistics Transport Services 57 Mumbai 58

5

179 18 Nimesh Kampania 4 3,900 JM Financials Financial Services 70 Mumbai 58

5

179 1 M Prabhakara Rao 3 3,900 Nuziveedu Seeds Agricultural

Products57 Hyderabad

58

5

179 New K K Kumar 4 3,900 Shakti Bhog Foods FMCG 63 New Delhi 58

5

179 -32 Shyam Bhartia 4 3,900 Jubilant Life ScienceHotels &

Restaurants64 New Delhi

58

5

179 -32 Hari Bhartia 4 3,900 Jubilant Life ScienceHotels &


58

5

185 -117 Ratan Tata* 3 3,800 Tata Sons Diversified 79 Mumbai 57

0

185 -21 MP Ramachandran 5 3,800 Jyothy Laboratories FMCG 69 Mumbai 57


of 44


0

185 12Mahendra Mohan

Gupta & Family5 3,800 Jagran Prakashan Media 75 Kanpur

57

0

185 26 Naresh Goyal 4 3,800 Jet Airways Transport Services 67 Mumbai 57

0

185 -9 Atul Ruia 3 3,800 Phoenix Mills Realty 45 Mumbai 57

0

190 -10Yadupati Singhania

& Family3 3,600 J K Cements

Construction


54

0

191 -119 Swraj Paul 4 3,500 Caparo Automobiles & Auto

Components85 London

52

5

192 32 PVN Raju 4 3,400 Gland Pharma Pharmaceuticals - Hyderabad 51

0

192 32Prakash P Chhabria

& Family5 3,400 Finolex industries Consumer Durables 53 Pune

51

0

192 19Sandeep Pravinbhai

Engineer3 3,400 Astral Poly Tech

Construction

Materials55 Ahmedabad

51

0

192 NewRameshchandra T

Jain4 3,400 Bhilosa Industries


Accessories68 Mumbai

51

0

196 -40 Premchand Godha 4 3,300 IPCA Laboratories Pharmaceuticals 69 Mumbai 49

5

196 -57Murli Kewalram

Chanrai3 3,300 Kewalram chanrai Trading 93 -

49

5

196 New Nitin Raojibhai Desai 3 3,300 Desai Brothers FMCG 73 Pune 49

5

196 -4Dhruv M Sawheny &

Family4 3,300 Triveni Turbines Capital Goods 71 New Delhi

49

5

200 -59 Sudhir Hasija* 4 3,200 KarbonnTelecommunications

Equipment57 Bangalore

48

0

200 38 SP Oswal 3 3,200 Vardhman TextilesTextiles, Apparels &

Accessories73 Ludhiana

48

0

200 -20Kamal Kishore

Gupta*3 3,200 Omkar Realtors Realty 57 Mumbai

48

0

200 NewBabulal Mulchand

Varma4 3,200 Omkar Realtors Realty 46 Mumbai

48

0

204 New KK Modi 3 3,100 Godfrey Phillips India FMCG 76 New Delhi 46

5

204 -78 Jawaharlal 4 3,100 Al Fara Construction & - Abu Dhabi 46


of 44


Gangaramani Engineering 5

204 -16 Balram Garg 4 3,100 PC Jeweller Jewellery 46 Delhi 46

5

204 -7 Jahangir Wadia 3 3,100 Go Air Transport Services 42 Mumbai 46

5

204 -57 Yogesh Mehta 5 3,100 Petrochem ME Trading - Dubai 46

5

204 51 Ajay Kalsi 4 3,100 Indus Gas Oil & Gas 54 New Delhi 46

5

210 -139 Sanjay Singal 3 3,000 Bhushan Power &

SteelMetals & Mining 56 New Delhi

45

0

210 -16 Raghav Bahl 4 3,000 TV 18 Broadcast Media 55 Noida 45

0

210 10 Bhavish Aggarwal 4 3,000 Ola cab Technology 30 Mumbai 45

0

213 23 Hari Om Rai 4 2,900 Lava International Telecommunications

Equipment48 New Delhi

43

5

213 New Anurang Jain 4 2,900 Endurance

Technologies

Automobiles & Auto

Components54 Aurangabad

43

5

213 -5

Rajendra

Chandrakant Gogri

& Family

4 2,900 Aarti Industries Chemicals &


43

5

213 -40Chandramogan RG

& Family5 2,900 Hatsun Agro FMCG 67 Sivakasi

43

5

217 -8Ramprakash V

Bubna & Family4 2,800 Sharda Cropchem

Chemicals &


42

0

217 5 Abhay Firodia 3 2,800 Force MotorsAutomobiles & Auto

Components71 Pune

42

0

217 -55 Motilal Oswal* 4 2,800 Motilal Oswal Financial Services 54 Mumbai 42

0

217 -68 Tom Singh 4 2,800 New Look Retailing 67 Weymouth 42

0

217 -13Prithvi Raj Singh

Oberoi3 2,800 East India Hotels

Hotels &


42

0

222 New Dilip Surana 3 2,700 Micro Labs Pharmaceuticals 50 Bangalore 40

5

222 New Anand Surana 3 2,700 Micro Labs Pharmaceuticals 45 Bangalore 40

5


of 44


222 -7Ramesh S

Ramakrishnan4 2,700 Transworld Transport Services - Dubai

40

5

222 -91Ramesh Kumar Dua

& Family*3 2,700 Relaxo Footwear



40

5

222 -13 Rahul Dhanuka 4 2,700 Dhanuka AgritechChemicals &

Petrochemicals41 Gurgaon

40

5

222 NewRaamdeo Ramgopal

Agrawal 4 2,700 Motilal Oswal Financial Services 60 Mumbai

40

5

222 -111MG George Muthoot

& Family*3 2,700 Muthoot Finance Financial Services 67 New Delhi

40

5

222 NewGeorge Alexander

Muthoot & Family3 2,700 Muthoot Finance Financial Services 61 Ernakulam

40

5

222 NewGeorge Jacob

Muthoot & Family3 2,700 Muthoot Finance Financial Services 64 Trivandrum

40

5

222 NewGeorge Thomas

Muthoot & Family3 2,700 Muthoot Finance Financial Services 66 Kottayam

40

5

222 -48 Venugopal Dhoot 3 2,700 Videocon Consumer Durables 65 Mumbai 40

5

233 -57 Naresh Trehan 4 2,600 Medanta Medicity Healthcare 70 New Delhi 39

0

233 New Sophie Ahmed 3 2,600 Cipla Pharmaceuticals - Mumbai 39

0

233 -43 Ranjit Puri & Family 4 2,600 Isgec Heavy

Engineering Capital Goods 76 Noida

39

0

233 New Kapil Bhatia 4 2,600 Interglobe Aviation Transport Services 84 New Delhi 39

0

233 14Thomas John

Muthoot & Family3 2,600 Muthoot Fincorp Financial Services 54 Kochi

39

0

238 -34Vijay Sankeshwar &

Family4 2,500 VRL Logistics Transport Services 66 Hubli

37

5

238 NewBhikhabhai

Popatbhai Virani3 2,500 Balaji Wafers FMCG 63 Rajkot

37

5

238 -203 Dhiraj Rajaram* 4 2,500 Mu Sigma Software & Services 41 Bangalore 37

5

238 NewAmbiga

Subramanian4 2,500 Mu Sigma Software & Services - Bangalore

37

5

238 -39Vishnubhai M Patel

& Family4 2,500 Sadbhav Engineering

Construction &

Engineering74 Ahmedabad

37

5


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238 -46MAMR Muthiah &

Family3 2,500 Chettinad Cement

Construction

Materials44 Chennai

37

5

238 -16

Mohan Anand

Chandavarkar &

Family

3 2,500 F D C Pharmaceuticals 80 Mumbai 37

5

238 -76 Rahul Sharma 4 2,500 MicromaxTelecommunications

Equipment41 Gurgaon

37

5

238 -76 Rajesh Agarwal 4 2,500 MicromaxTelecommunications

Equipment51 Delhi

37

5

238 -76 Sumeet Kumar 4 2,500 MicromaxTelecommunications

Equipment41 Delhi

37

5

238 -76 Vikas Jain 4 2,500 MicromaxTelecommunications

Equipment41 Delhi

37

5

238 -34Kapil Wadhawan &

Family3 2,500

Dewan Housing

Finance CorporationFinancial Services 42 Mumbai

37

5

250 -2Shantilal J Mehta &

Family4 2,400 Navkar Corporation Transport Services 62 Mumbai

36

0

250 -63 Amit Jatia & Family 3 2,400 Westlife DevelopmentHotels &

Restaurants48 Mumbai

36

0

250 -17 Rohtas Goel 4 2,400 Omaxe Realty Realty 54 Delhi 36

0

253 -44 Padam chand Gupta 4 2,300 PC Jeweller Jewellery 69 Delhi 34

5

253 -35 Kunal Bhal 4 2,300 Snapdeal Retailing 32 Delhi 34

5

253 NewMustafa Khwaja

Hamied3 2,300 Cipla Pharmaceuticals 76 Mumbai

34

5

256 -61Nishita Shah

Federbush & Family3 2,200 Precious Shipping Transport Services 36 Bangkok

33

0

256 NewRustom G Joshi &

Family3 2,200 VVF India FMCG 63 Mumbai

33

0

256 -94Anand Suresh

Deshpande & family4 2,200 Persistent Systems Technology 54 Pune

33

0

256 New Vinod Saraf 4 2,200 Vinati OrganicsChemicals &


33

0

256 NewSaroj Kumar Poddar

& Family3 2,200 Texmaco

Construction &

Engineering71 Kolkata

33

0

256 -133 Puranmal Bansal & 5 2,200 MD Overseas Trading 86 New Delhi 33


of 44


Family 0

262 NewRaja Mohan Rao

Potluri4 2,100 Karbonn Mobiles

Telecommunications

Equipment65 Bangalore

31

5

262 New Mukand Lal Dua 3 2,100 Relaxo footwearsTextiles, Apparels &


31

5

262 -40 Kunwer Sachdev 3 2,100 Su Kam Consumer Durables 53 New Delhi 31

5

262 New Sushil Jhunjhunwala 4 2,100 La Opala R G Consumer Durables 66 Kolkata 31

5

262 New Anil Gupta 4 2,100 Wellknown PolyestersTextiles, Apparels &


31

5

262 New C Visweswara Rao 4 2,100 Navayuga

Engineering

Construction &


31

5

262 -26 Rita Kumari 3 2,100 DS FMCG 49 Noida 31

5

262 -26 Sunita Gupta 3 2,100 DS FMCG 53 Noida 31

5

262 -26 Rajiv Kumar 3 2,100 DS FMCG 62 Noida 31

5

262 -26 Ravinder Kumar 3 2,100 DS FMCG 48 Noida 31

5

262 NewArokiaswamy

Velumani4 2,100

Thyrocare

TechnologiesHealthcare 58 Mumbai

31

5

262 -9Arun Kumar Gupta &

Family3 2,100 KRBL FMCG 47 Noida

31

5

262 New B Prabhakaran 4 2,100 Thriveni Earthmovers Metals & Mining 43 Salem 31

5

262 -63 B Soundararajan 5 2,100 Suguna Foods FMCG 54 Coimbatore 31

5

262 -63 GB Soundarajan 5 2,100 Suguna Foods FMCG - Coimbatore 31

5

262 New

Vasant

Laxminarayan Rathi

& Family

3 2,100 Advanced Enzyme

Technologies

Chemicals &

Petrochemicals68 Yorba Linda

31

5

278 -69 Tulsi Tanti 4 2,000 Suzlon Capital Goods 58 Pune 30

0

278 New Devi Prasad Shetty 4 2,000 Narayana

HrudayalayaHealthcare 63 Bangalore

30

0


of 44


278 -25Ramasubrahmaneya

Rajha3 2,000 Ramco Cements

Construction

Materials80 Chennai

30

0

278 -42Nirmal Bhanwarlal

Jain4 2,000 IIFL Holdings Financial Services 49 Mumbai

30

0

278 -50 Inder Jaisinghani 4 2,000 Polycab Consumer Durables 63 Delhi 30

0

278 -50 Ajay Jaisinghani 4 2,000 Polycab Consumer Durables 64 Delhi 30

0

278 -50 Ramesh Jaisinghani 4 2,000 Polycab Consumer Durables 60 Delhi 30

0

278 -50 Giridhar Jaisinghani 4 2,000 Polycab Consumer Durables 72 Delhi 30

0

286 New Shakuntala Shetty 4 1,900 Narayana

HrudayalayaHealthcare - Bangalore

28

5

286 New C K Ranganathan 4 1,900 Cavinkare FMCG 56 Chennai 28

5

286 -33 Dilip Suryavanshi 4 1,900 Dilip BildconConstruction &

Engineering59 Bhopal

28

5

286 -94 Shahrukh Khan 5 1,900 Red Chillies

EntertainmentMedia 50 Mumbai

28

5

286 -124 Chandu Virani* 5 1,900 Balaji Wafers FMCG 59 Rajkot 28

5

286 NewKanjibhai potabhai

Virani3 1,900 Balaji Wafers FMCG 54 Rajkot

28

5

286 New C Satyanarayana 4 1,900 Laurus Lab Pharmaceuticals 55 Hyderabad 28

5

286 -103Kishore Lulla &

Family3 1,900

Eros International

MediaMedia 55 Mumbai

28

5

286 -103 Vijay Ahuja & Family 3 1,900 Eros International

MediaMedia 59 Mumbai

28

5

286 NewAshok Mohan

Advani3 1,900 Bluestar Consumer Durables 74 Mumbai

28

5

286 -71 GSK Velu 4 1,900 Trivitron Healthcare Healthcare 47 Chennai 28

5

286 -58Rashesh

Chandrakant Shah 4 1,900 Edelweiss Capital Financial Services 53 Mumbai

28

5

286 New Ajit Abraham Isaac 4 1,900 Quess Corp Other Services 49 Bangalore 28

5


of 44


286 NewPrahlad Rai Agarwal

& Family3 1,900 Rupa & Company


Accessories78 Kolkata

28

5

286 -50 Shobhana Bhartia 3 1,900 HT Media 58 New Delhi 28

5

286 New Kamal Somani 4 1,900 SPA Securities Financial Services 61 Mumbai 28

5

286 New Sandeep Parwal 4 1,900 SPA Securities Financial Services 51 Delhi 28

5

303 New Kishore Chhabria 4 1,800 Allied Blenders And

DistillersFMCG 62 Mumbai

27

0

303 New Ashok Minda 3 1,800 Minda CorporationAutomobiles & Auto


27

0

303 NewVishal Ajitbhai

Mehta4 1,800 Infibeam Retailing 42 Ahamedabad

27

0

303 -55Avinash Jain &

Family4 1,800 Arise India Consumer Durables 45 Delhi

27

0

303 -67 Vishal Segal 4 1,800 Lava International Telecommunications

Equipment48 Delhi

27

0

303 -67 Sunil Bhalla 4 1,800 Lava International Telecommunications

Equipment- Noida

27

0

303 -70 Suresh G Kare 3 1,800 Indoco Remadies Pharmaceuticals 77 Mumbai 27

0

303 -67 Paul P john 4 1,800 Paul Distilleries FMCG - - 27

0

303 -125 GV Bhaskar Rao 4 1,800 Kaveri SeedAgricultural

Products64 Secunderabad

27

0

303 New Shantaben P Jain 1 1,800 Kewal Kiran ClothingTextiles, Apparels &

Accessories-

27

0

303 -46Sajjan Bhajanka &

Family4 1,800 Century Plyboard Forest Materials 64 Kolkata

27

0

303 -70 Karan Thapar 3 1,800 Greaves Cotton Capital Goods 59 Mumbai 27

0

315 New Vijay S Nair 4 1,700 Visen IndustriesChemicals &


25

5

315 -97 AM Arun 4 1,700 Vasan Eye Care Healthcare 47 Tiruchirappalli 25

5

315 -93Venkateswarlu Jasti

& Family4 1,700 Suven Life Sciences Pharmaceuticals 67 Hyderabad

25

5


of 44


315 New Sanjay Dhingra 3 1,700 Kwality FMCG 45 Delhi 25

5

315 New Haris Bagla 4 1,700 Amrit Feeds FMCG 45 Kolkata 25

5

315 New Sumant J Patel 3 1,700 NescoConstruction &


25

5

315 New Anjan Malik 4 1,700 Eclerx Services Software & Services 46 London 25

5

315 NewPriyadarshan

Mundhra4 1,700 Eclerx Services Software & Services 43 Mumbai

25

5

315 -100Bharat Hari

Singhania & Family3 1,700 JK Organistation Diversified 77 New Delhi

25

5

315 New Rajinder Gupta 4 1,700 TridentGroupTextiles, Apparels &

Accessories57 Ludhiana

25

5

315 -67Bharat Kanaiyalal

Sheth & Family3 1,700

Great Eastern

ShippingTransport Services 58 Mumbai

25

5

315 -97 Jaiprakash Gaur 4 1,700 JP AssociatesConstruction &

Engineering85 New Delhi

25

5

315 NewKedar Ramesh Vaze

& Family3 1,700

SH Kelkar &

Company

Chemicals &


25

5

315 -67Sanjay Agarwal &

Family4 1,700 Century Plyboard Forest Materials 55 Kolkata

25

5

315 New Ravi B Goyal 4 1,700 AGS Transact

Hardware

Technology &

Equipment

51 Mumbai 25

5

315 NewJanmejay Rajnikant

Vyas4 1,700

Dishman

PharmaceuticalsPharmaceuticals 65 Ahamedabad

25

5

315 NewPadam Prakash

Gupta4 1,700

Techno Electric and

EngineeringCapital Goods 67 Kolkata

25

5

315 NewAmarchand Ramji

Gala & Brothers4 1,700 Navneet Education Media 84 Mumbai

25

5

333 -157 Karan Paul & Family 3 1,600 Appejay Surender FMCG 47 Kolkata 24

0

333 NewOmprakash Inani &

Family4 1,600 Shilpa Medicare Pharmaceuticals 65 Raichur

24

0

333 NewRamu Raman

Agarwal & Family3 1,600

Shubhalakshmi

Polyesters



24

0

333 New Hrishikesh A 3 1,600 Navin Fluorine Chemicals & 62 Mumbai 24


of 44


Mafatlal & Family International Petrochemicals 0

333 -85Prakash M Sanghvi

& Family3 1,600 Ratnamani Steels Capital Goods 60 Ahmedabad

24

0

333 NewShyam Sunder

Jindal 3 1,600 Jindal Poly Films

Chemicals &

Petrochemicals49 Delhi

24

0

333 -57KVP Sadayandi

Moopnar & Family3 1,600 Pothys


Accessories75 Sriviliputhur

24

0

* Wealth reduced due to ownership split

About Hurun Report Inc.since 1999

Established as a research unit in 1999, Hurun Report Inc. has grown into a leading media group targeted at China and India high net worth individuals. Its flagship is the Hurun China Rich List and, since 2012, the Hurun Global Rich List. Headquartered in Shanghai, Hurun Report has offices in Beijing, Guangzhou, Chengdu, Sanya, London, Los Angeles, Chicago and Cochin, Kerala, India.

Hurun Report Inc has four divisions. Hurun Research (‘Nobody Knows China’s Rich Better’) has grown to become the world’s leading authority when it comes to understanding the Chinese high net worth individual. Recent reports include partnering with some of China’s most important financial institutions, local government, multinationals and luxury brands, including Bank of China, Taikang Life, Minsheng Bank, Minsheng Financial Leasing, Industrial Bank of China and the Changbaishan government.

Hurun Media (‘The Voice of Chinese Entrepreneurship’) reaches between one and two million unique viewers a week through its digital platform and a further 485,000 a month through its print media. Digital media is made up of 7 Wechat social media, an online business talk show called MaShangHu, distributed through iQiyi, CBN and Ningxia Satellite, and Hurun.net. Our flagship Wechat media is Hurun Business, with others including Hurun Education, Hurun Art, Hurun Horse & Sports, Hurun Health, Hurun Property and Hurun English.


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Hurun Conferences and Training hosts over 100 events across China every year, led by its flagships in Beijing and Shanghai every year. Hurun Conferences and Training brings Chinese entrepreneurs aboard, to the US, London, Singapore, Australia and India.

Hurun Investments includes a CNY 100m early-stage venture capital fund, and strategic investments in media, education, classic cars, financial services and luxury.

For further information, see www.hurun.net

HURUN REPORT INDIA

Hurun Report Inc established its India business in 2012, which today is best-known for the Hurun India Rich List, Hurun India Philanthropy List and for hosting events with some of India’s most respected entrepreneurs.

The Hurun India Rich List has grown to become the authority in identifying India’s most successful entrepreneurs. The Hurun Philanthropy List is the only publication that captures the reported philanthropic/ CSR donation of more than INR 10 Cr.

Hurun Report India's mission is to foster and promote India entrepreneurship and build a business bridge between India and China entrepreneurs. Hurun Report is committed to celebrating entrepreneurship and playing a pivotal role in connecting 2.7 billion people from India and China.


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In September 2016, Hurun Report is facilitating a conference in Shanghai and Beijing where India's union ministers, select state chief ministers are meeting with Indian and Chinese entrepreneurs from the Hurun India Rich List and Hurun China Rich List.

For the full details, please refer to on www.hurun.net.

For media enquiries, please contact

Akshita MadanAssociate

Mobile: +91 9847587766Email: [email protected]


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mailto:[email protected]


About Joyalukkas Group

Joyalukkas Jewelers is part of the Joyalukkas Group, a multi-billion-dollar conglomerate with presence across the India, GCC, UK, USA, Malaysia, & Singapore. Its interests include fashion retail, money exchange, real estate, malls and luxury air charters.Note from Joy Alukkas, CMD JoyAlukkas Group

“The Hurun India Rich List celebrates the world’s most successful Indian entrepreneurs and a

great guide to how each of them have made their mark in business. There are many stories of

Indian businessmen in the list that can be a wonderful inspiration for all. As an entrepreneur

myself, I believe, behind every success story there is a series of ups and downs towards

achieving the phenomenal glory. I myself started with a single jewellery showroom , yet today

brand 'Joyalukkas' is recognised around the world for more than just jewellery, we are now a

global conglomerate and have ventured into Fashion & Silks, Malls, Money Exchange, Luxury

Air Charter & Realty. A big congratulations to all the Indian entrepreneurs who made it to the

Hurun's India Rich List and big thank you to Hurun for this wonderful initiative to celebrate our

accomplishments.


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