res.hurun.netres.hurun.net/.../file/20170926/201709261003198639442.docx · web viewprithvi raj...

PRESS RELEASE

WITH 302 NEW FACES HURUN REPORT LAUNCHES ITS SIXTH EDITION OFHURUN INDIA RICH LIST 2017

BETTER THAN EXPECTED CORPORATE RESULTS IN 2017 OFFSET THE IMPACT OF DEMONETISATION

MUKESH AMABANI’S WEALTH SHOT UP BY A STAGGERING 58% TO INR 257,900 CRORES AND RETAINS THE RICHEST INDIAN TITLE FOR THE 6TH

YEAR RUNNING

617 INDIVIDUALS IN HURUN INDIA RICH LIST 2017 WITH A CUTOFF OF INR1000 CRORES, COMPARED TO 339 LAST YEAR

CUT OFF FOR THE TOP 100 HAS MORE THAN DOUBLED TO INR 8,400 CRORES SINCE 2013

302 NEW FACES AND 22 DROPOUTS

PHARMA AND FMCG HAD A STELLAR YEAR IN THE HURUN INDIA RICH LIST BY DOUBLING THE NUMBER OF ENTRANTS TO 79 AND 63 RESPECTIVELY

MUMBAI, DELHI AND BENGALURU ADD 78, 52 AND 23 NEW FACES RESPECTIVELY TO REAFFIRM THEIR “BIG 3 CITY STATUS” IN HURUN INDIA

RICH LIST 2017

“FMCG SUPER YOGI” ACHARYA BALKRISHNA OF PATANJALI STORMS INTO TOP 10

NEWLY FORMED STATE TELANGANA HAS 38 OF ITS RESIDENTS IN THE LIST

NUMBER OF WOMEN IN THE LIST INCREASED BY 300% (53 ENTRIES) THIS YEAR. NUMBER OF SELFMADE WOMEN IN THE LIST QUADRUPLED FROM 2

TO 8

42 YEAR OLD BENGALURU BASED AMBIGA SUBRAMANIAN IS THE YOUNGEST SELF MADE WOMAN IN THE LIST. SHE SOLD HER SHARES IN

MU-SIGMA, THE DATA ANALYTICS UNICORN THAT SHE CO-FOUNDED

Hurun Report – London/ Mumbai/ LA/ Shanghaiwww.hurunindia.net of 31

http://www.hurunindia.net/

THE BLOCKBUSTER LISTING OF AVENUE SUPERMARTS ADDED 8 NEW ENTRIES IN HURUN INDIA RICH LIST 2017

WITH 15 AND 8 NEW ADDITIONS RESPECTIVELY, CHENNAI AND KANPUR BREAK INTO TOP 10 CITIES IN HURUN INDIA RICH LIST 2017

40 PADMA AWARDEES IN THE HURUN INDIA RICH LIST 2017

22 DROPPED OUT OF THE LIST AND 4 PASSED AWAY

SUPPORTED BY HIS LATEST BET IN TELECOM, MUKESH AMBANI ALSO CLIMBED TO TOP 15 IN THE HURUN GLOBAL RICH LIST FOR THE FIRST TIME

A TOTAL OF 136 BILLIONAIRES, A RECORD NUMBER SINCE THE INCEPTION OF HURUN RICH LIST IN 2012

WITH WEALTH INCREASE OF 320%, RADHAKISHAN DAMANI, THE NEW RETAIL KING, OF DMART IS THE BIGGEST GAINER IN HURUN INDIA RICH LIST

2017

LED BY DIV TURAKHIA OF MEDIA.NET, 5 SELF MADE INVIDUALS UNDER 40

ALL THE UNDER 40 SELF MADE HURUN INDIA RICH LISTERS DERIVE THEIR WEALTH FROM NEW TECHNOLOGY BUSINESS

WITH 182 INDIVIDUALS, MUMBAI TOPS THE LIST FOLLOWED BY NEW DELHI (117) AND BENGALURU (51)

WITH 56 LAKH FOLLOWERS IN FACEBOOK, ACHARYA BALKRISHNA IS THE MOST FOLLOWED ENTREPRENEUR IN THE INDIAN SOCIAL MEDIA



Hurun Report India releases Hurun India Rich List 2017

Hurun Report finds 617 individuals with INR1,000 Crore or more, up 278 from last year, quadrupled from three years ago

On average, the wealth of Hurun India Rich Listers have increased by 17% compared to that of last year

Number of dollar billionaires has increased to 136 from 126 last year. The inaugural Hurun India Rich List in 2012 had 59 billionaires

“For every 1 entrepreneur in Hurun India Rich List 2017, we estimate that we missed 3”, said Anas Rahman Junaid, MD and Chief Researcher, Hurun Report India

40 have migrated from India and are NRIs 16 saw their wealth double year on year Average age of the Hurun India Rich List is 60; The fastest riser is Radhakishan Damani (62) of Avenue Supermarts; He

registered a 3 times increase in wealth to INR 29,700 Cr 100 individuals saw their wealth decline. Haridwar-based Acharya Balkrishna (45) of Patanjali rose to 8 th position, from

25th last year, after seeing his wealth grow by 173% to INR 70,000Cr Eklavya Juneja (24) of Mankind Pharma is the youngest person in the list. He

owns 12% of Mankind Pharma which was founded by father Rajeev Juneja Pharmaceuticals dominate with 13% of the list, followed by FMCG and Chemical

& Petrochemicals with 10% and 6% respectively A record high of 50% of Hurun India Rich List 2017 are self-made and are

generated by family businesses. Average age of self made Hurun India Richlisters is 62

Hurun India Rich List has eight self-made women this year, compared to two in last year

34 in the list under the age of 40; 28 in the under 40 inherited their wealth 7 individuals in Hurun India Rich List 2017 has ownership in IPL teams and 4 in

ISL teams This year, we split the wealth of Pallonji Mystry among his sons Cyrus and

Sharpoor equally. The Mystry brothers own 18.38% stake in Tata Sons through two investment companies Cyrus Investments and Sterling Investment which owns 9.19% stake each. Both the investment companies are equally owned by Cyrus Pallonji Mistry and Shapoor Pallonji Mistry.

The combined wealth of India’s richest is a staggering US$640bn, equating to 1/4thof India’s GDP last year and similar to the GDPs of Switzerland ($660bn), and combined GDP of South Africa ($317bn) & Israel ($340bn).



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

“The Richest Horoscopes” - Those born in Capricorn, Taurus and Cancer produced most number of individuals in the rich list and Aquarius the least!!!

HURUN INDIA RICH LIST 2017

MUMBAI, 25 September 2017: Today Hurun Report released the Hurun India Rich List, a list of the richest people in India with a cut-off at INR 1,000 Cr. This is the sixth 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 networth of living individuals as of 31st July, 2017 when the rate of exchange to the US dollar was INR 64.1

Stock Markets Performance

Bombay Stock Exchange (BSE) Sensex went up by 16.1% as on July 31, 2016 to 32,514 on July 31, 2017. For the year under review, BSE Mid Cap (16.4%) and BSE Small Cap Index (2.72%) outperformed the benchmark index. Sensex also outperformed compared to Global indices NYSE (10.5%) and DAX (13.7%). Currently, Indian stock market seems to be trading at an expensive valuation of 23.3x compared to last year’s 19.6x.

“The market capitalization of all listed companies is now equivalent to 84% of India’s nominal GDP which is the highest in emerging markets. This year, we have expanded the list to highlight the success stories of some of the emerging entrepreneurs” says Anas Rahman Junaid, Hurun Report India, Managing Director and Chief Researcher.

“The total number of rich list entrants increased 6 times since we launched the list six years ago; a good indication that Indian entrepreneurs are coming of age with global ambitions” says Rupert Hoogewerf, Hurun Report Global, Chairman and Chief Researcher.

Indian currency depreciated by 3% versus USD during the period under review.

With networth of INR 257,900 Crore Mukesh Ambani (60), the business magnate, ranked first in the list for the sixth consecutive year. Share price of Reliance industries hit nine year high in July 2017. Over the last one year, Reliance Industries



shares have gained over 1% every seven days, rising by 56% in 52 weeks. His wealth is 50% more than the GDP of the country of his birth – Yemen.

“It is rare to find a country with such a dominant richest person (Mukesh Ambani) whose wealth is thrice more than that of the no.2 in the list. We have never seen such a wide margin between the richest and the second richest in big countries that include USA, China, UK, Russia and so on”, said Rupert Hoogewerf, Chairman and Chief Researcher, Hurun Report Global

With a networth of INR 89,000 Crore, Dilip Shanghvi (61) of Sun Pharma retains the second place despite shares of his flagship company going down by 36%. FDA USA put Sun Pharma under scanner after having noted regulatory breaches – as situation that led to barring new product approvals.

The Steel Baron, Lakshmi Niwas Mittal (67) secures third position for the first time with a networth of INR 88,200 Crore due to an uptick in steel prices and demand. Recently he also got a reprieve from import tariffs on steel imposed by the US and Europe and a one-time $832 million saving from a new labor contract signed last year with his US workers.

With networth of INR 85,100 Crore, Shiv Nadar (72), the founder and chairman of HCL, the fourth largest software service has acquired Broomfield, Colorado-based mortgage business process and fulfilment service providing company, Urban Fulfilment Services for $30million in August 2017. HCL has introduced innovative hiring procedures, where the company hire and train students straight out of high school – a first of its kind initiative amongst the large cap companies.

Founder of multi-billion dollar IT giant Wipro, Azim Premji (72) registered a fortune of INR 79,300 Crore. He founded the Premji Invest in 2006 and is a private equity fund that manages almost US$2bn of his personal wealth by investing in capital markets and also by picking up minority stakes in start-ups across India, the US and China.

Table 1: Hurun India Rich List 2017 – Top 10

Rank NameWealth

INR Crore

Change

Company Age Residence

1- Mukesh Ambani 257,900 58% Reliance 60 Maharashtra



2- Dilip Shanghvi 89,000 -27% Sun Pharma 61 Maharashtra3↑ LN Mittal 88,200 32% ArcelorMittal 67 London4↑ Shiv Nadar 85,100 16% HCL 72 Delhi5↑ Azim Premji 79,300 6% Wipro 72 Karnataka

6↓Cyrus S Poonawalla 71,100 -9%

Serum Institute of India 76 Maharashtra

7* Gautam Adani 70,600 66% Adani Enterprises 55 Gujarat

8*Acharya Balkrishna 70,000 173% Patanjali Ayurved 45 Uttarakhand

9- Uday Kotak 62,700 21%Kotak Mahindra Bank 58 Maharashtra

10-Sunil Mittal & Family 56,500 12% Bharti Airtel 59 Delhi

↑ Rank increase yoy ↓ Rank decrease yoy - No Rank change yoy * New to Top 10 Source: Hurun India Rich List. For more details visit www.hurunindia.net

With networth of INR 71,100 Crore, Billionaire Cyrus S Poonawalla (76) of Serum Institute secures the sixth position in the Hurun India Rich List. He is investing $150 million in a new factory to make a range of vaccines, including for dengue and pneumonia. Poonawalla recently contributed $2.5 million for a hospital named after his late wife, which focuses on the under privileged children and adults.

With networth of INR 70,600 Crore, Port Tycoon, Gautam Adani (55) Chairman of Adani Group made the highest investment commitment of INR 49,000 Crore in Gujarat which would create direct and indirect job opportunities for 25,000 people. This wealth increase is despite a strong controversy he faced from an environmental campaign that was launched to stop the development of Adani Group’s $16.5 billion coal mine in Queensland.

Acharya Balkrishna (45), CEO of Patanjali is now officially part of India Rich List Top 10 and has secured a second place in Indian FMCG market share in under 5 years. The company, with a turnover of INR 10,561 crore in 2016-2017 has been a close competition to major international brands. He owns close to 94 % of Patanjali Ayurved and is the brain behind the admirable growth of Patanjali as a consumer brand.

Banker Uday Kotak (58), the managing director of Kotak Mahindra Bank, has a networth of INR 62,700Crore. The board of the Kotak Mahindra Bank decided to



raise over INR 5,300Crore by diluting 3.3 % of the promoters holding, for pursuing a host of opportunities, including consolidation.

Indian telecom magnate, Sunil Mittal (59), the founder and chairman of Bharti Airtel has a networth of INR 56,500 Crore. Mittal recently signed the agreement to acquire Telenor’s Indian and bought additional 4G spectrum to fight off the mighty rival. He launched the Airtel Payment Bank (APB), a joint venture with Kotak Mahindra Bank and has committed INR 3,000 crore to develop a pan-India banking network and digital payments ecosystem.

The Richest Indian families

More than 50% of Indian business listed in the rich list is run by families. This year, Hurun Report has split the families based on available ownership information.

Table 2: The top 5 Richest Indian families

Rank

Name of Family

MembersWealth 2017 (INR Cr) Generation

Prominent Person of the Family

1 Godrej 5 1,89,135 3 Adi Godrej2 Hinduja 4 97,328 2 SP Hinduja3 Adani 2 86,275 1 Gautam Adani4 Damani 9 51,779 1 Radhakishan Damani5 Burman 6 43,426 4 Anand Burman

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

Where they live.

Mumbai registered an increase of 78 individuals in the rich list and Delhi added 52. With 182 individuals, Mumbai is the capital for India’s super-rich, followed by New Delhi (117) and Bengaluru (51). With 26 new entrants, Ahmedabad breaks into top 5. With 22 and 11 India Rich Listers, Chennai and Kanpur respectively breaks into top 10 cities of residence for Hurun India Rich Listers.

There are 18 new cities in this year’s list compared to last year. Chennai and Kanpur have performed well this year with a 35% and 27% increase in number of India Rich Listers respectively and have reserved spot amongst the Top 10 cities this year.



Interestingly, Udaipur has 3 Indian Rich Listers, Vadodara has 2, and Kanchipuram and Faridabad has 1 Indian Rich Lister in Hurun India Rich List 2017.

With 214 and 117 entrants respectively, Maharashtra and Delhi are the preferred states of residence for Hurun India Rich Listers. It is interesting to note that in the Hurun India Rich List 2017, 23 individuals have migrated into Maharashtra, 22 to Delhi and 13 to Karnataka to set up and establish their businesses.

Table 3: Geographical spread of Hurun India Rich List 2017

　 City of Residence

Rich List Entries

Richest Individual 2017

　 State of Residence

Rich List Entries

Richest Individual 2017

1- Mumbai 182 Mukesh Ambani 1 Maharashtra 214 Mukesh Ambani2- New Delhi 117 Shiv Nadar 2 Delhi 117 Shiv Nadar3- Bengaluru 51 Azim Premji 3 Karnataka 55 Azim Premji

4- Hyderabad 36PV Ramaprasad Reddy

4 Telangana 38PV Ramaprasad Reddy

5↑ Ahmedabad 26 Gautam Adani 5 Gujarat 36 Gautam Adani6↓ Kolkata 23 Benu Gopal Bangur 6 Tamil Nadu 30 Kalanithi Maran6- Pune 23 Cyrus S Poonawalla 7 West Bengal 23 Benu Gopal Bangur

8* Chennai 22 Kalanithi Maran 8 Uttar Pradesh 16Yadupati Singhania & Family

9↓ Dubai 12 Micky Jagtiani 9 Kerala 13 Joy Alukkas

10* Kanpur 11Yadupati Singhania & Family

10 Haryana 6Savitri Jindal & Family

11# London 10 LN Mittal 11 Rajasthan 5Kailashchandra Nuwal

12# Cochin 7George Alexander Muthoot & Family

12Madhya Pradesh

4 Dilip Suryavanshi

13# Coimbatore 6P.Nataraj, KPD Sigamani & KP Ramasamy

12 Punjab 4 SP Oswal

14# Singapore 5 Shyam Bhartia 14 Bihar 3Ravindra Kishore Sinha & family

15# Abu Dhabi 4 Yusuffali MA 15 Jharkhand 2 Mukund Rungta

15#Aurangabad

4Anurang Jain & family



15# Bhopal 4 Dilip Suryavanshi15# Gurgaon 4 Nirmal Kumar Minda

15# Noida 4Sunita Gupta & Rita Kumari

15# Rajkot 4Bhikhabhai Popatbhai Virani

15# Surat 4Savji Dholakia & family

↑ Rank increase yoy ↓ Rank decrease yoy - No Rank change yoy * New to Top 10 # New to Top 20Source: Hurun Research Institute. For more details visit www.hurunindia.net

UAE, UK & USA are the preferred countries for migration There are 40 immigrants in Hurun Indian Rich List 2017. 64% of them are self made. With 14 individuals, UAE is the most preferred destination for immigration, followed by 10 in UK and 8 in USA. With INR 88,200 crore, LN Mittal of ArcelorMittal is the wealthiest immigrant into UK. With a fortune of INR 31,900CR, M.A Yusuf Ali is the wealthiest immigrant into UAE.

Table 4: Hurun India Rich List 2017 – Richest Non-Resident Indians

No NamesWealth(INR Crore)

City Company Age

1 LN Mittal 88,200 London LN Mittal 672 Yusuffali MA 31,900 Abu Dhabi Emke 613 Vivek Chaand Sehgal 27,000 Melbourne Motherson Sumi System 604 SP Hinduja 24,300 London Hinduja Group 814 GP Hinduja 24,300 London Hinduja Group 774 PP Hinduja 24,300 Geneva Hinduja Group 727 Sunny Varkey 17,900 Dubai Gems Education 608 Anil Agarwal 17,300 London Vedanta Resource 649 BR Shetty 17,300 Abu Dhabi NMC 7510 Rakesh Gangwal 16,100 Mclean Interglobe Aviation 64


Gainers



http://www.hurun.net/


The biggest gain registered was a 321% increase by Radhakishan Damani (62), Chairman of Avenue Supermarts followed by Anurang Jain & family (55), the Managing Director of Endurance Technologies with a wealth increase of 286%.

The top three in the biggest gainers list are backed by the IPO performance of their companies. For instance, Radhakishan Damani’s wealth increase was backed by the IPO of Avenue Supermarts, which runs the D-Mart brand of stores in the supermarket chain. The shares of Avenue Supermarts were listed at a premium of 102% and rallied further 43% as on 31 July 2017.

IPO of auto component maker Endurance Technologies resulted in 286% increase in the wealth of Anurang Jain in 2017.

Another notable performer was Kishore Biyani of Future Retail who registered a 259% wealth increase. Merger of Future Retail and Bharti Retail created the biggest supermarket chain with a turnover of INR 15,000 crore and its subsequent relisting resulted in significant wealth creation for Biyani.

Table 5: Hurun India Rich List 2017 – Biggest Gainers

No NameWealth (INR Crore)

% Change

Company Age Industry

1Radhakishan Damani

29,700 321%Avenue Supermarts

62 Retail

2Anurang Jain & family

11,500 286%Endurance Technologies 55

Automobiles & Auto Components

3 Kishore Biyani 17,200 259% Future Group 57 Retail

4Adani Vinodbhai Shantilal

15,700 200%Adani Enterprises

Diversified

5 Ajay Piramal 42,700 186% Piramal Enterprise 67 PharmaceuticalsSource: Hurun Research Institute. For more details visit www.hurunindia.net

Young and Rich!

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

The youngest person on the list is Eklavya Juneja (24) of Mankind Pharma




The oldest is Keshub Mahindra (94) of Mahindra & Mahindra

All the under 40 entrepreneurs in Hurun India Rich List 2017 derive their wealth from innovative technological ventures. Divyank Turakhia bootstrapped his company media.net without external funding. Rest of the entrepreneurs raised money from some of the top international funds.

“These self made entrepreneurs symbolize the new age startup entrepreneurs from India. Their success stories will further garner active international investments into Indian startup ecosystem,” said Anas Rahman Junaid, MD and Chief Researcher, Hurun Report India

Table 6: Hurun India Rich List 2017 – Self-made under 40

S.No NameAge

Wealth (INR Crore)

City Company

Industry Notable Investors

1Binny Bansal

34 5,400 Bengaluru

Flipkarte-commerce

SoftBank, Microsoft, Tencent

2Divyank Turakhia

35 11,500 DubaiMedia.Net

Media Tech

Self funded

3Sachin Bansal

36 5,400Bengaluru

Flipkarte-commerce

SoftBank, Microsoft, Tencent

4Vijay Shekhar Sharma

39 9,000 New Delhi

Paytm Fin Tech Alibaba

5Byju Raveendran

39 1,000 Bengaluru

Think and Learn

Edu Tech

Chan Zuckerberg Intiative, Tencent


Women in the India Rich List increased by 300% from 15 to 53 this year8.6% of the list are women of which 8 are self-made. The richest women are Savitri Jindal, 66, of OP Jindal Group with INR 46,500 crore, followed by Smitha V Crishna of Godrej, Indu Jain chairperson of Time Group. The richest self-made woman in India is biotechnology queen Kiran Mazumdar-Shaw of Biocon with INR 15,400 crore. Average age of women in the list 56.




Table 7: Hurun India Rich List 2017 – Richest self-made Women in India

NO

NameWealth

Age Company Location Industry(INR Cr)

1Kiran Mazumdar-Shaw

15,400 64 Biocon Bengaluru Pharmaceuticals

2 Vembu Radha 4,500 44 Zoho Corp ChennaiSoftware & Services

3 Sheela Gautam 2,600 85 Sheela Foam New DelhiConsumer Durables

4Ambiga Subramanian

2,500 42 Mu Sigma BengaluruSoftware & Services

5 Shakuntala Shetty 2,100 55Narayana Hrudayalaya

Bengaluru Healthcare

6 Prabha Arora 1,700 69Mankind Pharma

New Delhi Pharmaceuticals

7 Urrshila Kerkar 1,400 51 Cox & Kings Mumbai Tourism

8Gundavaram Vanaja Devi

1,200 64 Kaveri Seed Hyderabad Others


Industry analysis

At a sectorial level, Pharma / Healthcare (-12.8%) and IT (-5.1%) underperformed among the sectorial indices. All the others performed with at least 15% return – the biggest gainer was realty with a 36.3% return year to date. Indian drug makers are facing pricing pressures and greater regulatory scrutiny in their largest market, the US.

“Demonetization, GST implementation and so on have not impacted wealth creation in organized sector; infact, going by the trend in the list, the aforementioned factors seems to have positively impacted the mega rich and their companies. Despite a solid performance of the corporates, a declining trend in national GDP growth points to impact of such schemes on the unorganized sectors”, said Anas Rahman Junaid, MD and Chief Researcher, Hurun Report India.With 79 individuals, Pharmaceuticals leads the list with Dilip Shanghvi as the richest individual with fortune of INR 89,000 Crore. It is followed by FMCG with 63




individuals and Chemicals & Petrochemicals with 38 individuals. Other industries that had a good year include Consumer Durables, Automobiles & Auto Component and Construction & Engineering.

BSE Realty index have surged on positives such as RERA and affordable housing initiatives by the Modi government. Consumer Durables gained over 32.7% on timely GST developments and rollout. Banking and Financial sectors gained with RBI stepping in to solve the NPA issues.

Kushal Pal Singh (86) of DLF is the richest real estate billionaire in the list with a wealth of INR 27,400 crore. Mangal Prabhat Lodha (61), founder of Lodha Group is the richest private real estate developer in the list with a wealth of INR 18,500 crore followed by Jithendra Virwani (51) of Embassy Property Developments with INR 17,600 crore.

“Formalization of Jewelry sector with 3% GST compared to 2% tax earlier has benefited the large and organized players and has further streamlined the industry value chain” says Anas Rahman Junaid, Hurun Report India, Managing Director and Chief Researcher.

New Energy India Rich Listers: Tulsi Tanti of Suzlon Energy is the top green energy Hurun India Rich Lister with INR 2,300 crore followed by Anil Chaudhary & family of Kolkata based Vikram Solar with a net worth of INR 1,000 crores.

Pharma is still the king!The industries that added the most number of new entrants to the list were pharmaceuticals, FMCG, Construction & Engineering and Automobiles & Auto Components. Almost all the industries added 50% more individuals than last year. Capital Goods, Construction Materials, Retailing and Transportation broke into top 10 for the first time since the inception of Hurun India Rich List 2017.

Table 8: Hurun India Rich List 2017 – Industry breakdown

No.

Industry

% in the list

2017% increase in the number

of Hurun Rich Listers

Richest individual

Wealth (INR Cr)

1-Pharmaceuticals 13% 110%

Dilip Shanghvi89,00

0



2-FMCG 10% 67%

Acharya Balkrishna70,00

0

3-Chemicals & Petrochemicals

6% 81%Ashwin Dani

25,900

4-Consumer Durables 6% 50%

Adi Godrej37,80

0

5↑Automobiles & Auto Components

6% 100%Vikram Lal

44,200

6↑Construction & Engineering

6% 140%Ravi Pillai

13,600

7↑Software & Services 5% 114%

Shiv Nadar85,10

0

8↓Financial Services 5% 56%

Uday Kotak62,70

09* Capital Goods 4% 200% Balkrishan Goenka 9,400

10↓Realty 4% 110%

Kushal Pal Singh27,40

0↑ Rank increase yoy ↓ Rank decrease yoy - No Rank change yoy * New to Top 10Ranking based on total number of entries from each industrySource: Hurun Research Institute. For more details visit www.hurunindia.net

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

Table 9: Industry producing most number of new entrants

Industry new Addition

Richest New Entrant

Wealth (INR Cr)

Company

Pharmaceuticals 43B Vamsi Krishna

9,200 Hetero group

FMCG 28Saket Burman, V C Burman

7,400 Dabur

Construction & Engineering

21Kanubhai Mafatlal Patel & family

2,300 Montecarlo

Automobiles & Auto Components

18 Renu Munjal 7,000 Hero Motocorp

Capital Goods 17 Surjit Kumar 5,700 Havells India




GuptaChemicals & Petrochemicals

17Narendrakumar Kalyanji Parekh

5,000 Pidilite Industries


PharmaceuticalsDespite the underperformance of Pharma sector, it still contributes the highest to the list with 79 entries that includes16 billionaires. In 2017, the sector witnessed a 9% growth in cumulative wealth compared to 17% in 2016. But growth in per capita wealth for pharma entrepreneurs in the list declined by 50% mainly on account of wealth split and a lackluster financial performance of some of the major listed and private companies. For instance, wealth of Dilip Sanghvi, the top pharma billionaire declined by INR 32,400 crore to INR 89,000 crore due to poor performance of Sun Pharma in bourses.

FMCG63 individuals derived their wealth from the FMCG sector and contributed 28 new entrants and 15 billionaires to this year’s list. This sector witnessed a 45% increase in wealth compared to 14% in last year. With 173% increase in wealth, Acharya Balkrishna of Patanjali Ayurved marks his entry to the top 10 list. Chandra Mohan RG of Hatsun Agro also registered an increase of 123% backed by stellar performance of his company’s share price

Chemicals & PetrochemicalsIndian chemical industry ranks 12 in the world by volume of production and have contributed 38 entrants to the list. Ashwin Dani, Abhay Vakil and Ashwin Choksi, founders of Asian paints, India’s largest paint manufacturer top the chemical entrepreneurs rich list. The sector contributes 17 new entrants to the list of which 9 are self-made.

Consumer DurablesConsumer Durable sector registered a 77% increase in cumulative wealth and is the best performing sector for 2017. It contributes 37 entrants to list, one less than chemical (38) and one more than Automobile (36). Godrej family leads the consumer durable sector with a cumulative wealth of INR 189,100 crore.

Automobiles & Auto ComponentsAutomobile sector grew 53% year on year and has contributed 36 individuals to the list with 12 billionaires. Vikram Lal of Eicher Motors leads the sector with a wealth of




INR 44,200 crore followed by Rahul Bajaj of Bajaj Auto and Vivek Chaand Sehgal of Motherson Sumi System with wealth of INR 43,900 crore and INR 27,000 crore respectively.

Ecommerce in India

Online sales are nearly flat in 2016, after tripling in 2015 and doubling in 2014. The founders of ecommerce companies have shifted their focus from sales to profits by ceasing subsidised unprofitable sales and concentrated on limiting their losses dented overall sales. Some of the major companies accepted investment based on valuations significantly below their peaks, are now the new normal.

Of India’s 1.2bn population, and only a small portion of 1/5th are shopping online. This is a good opportunity for ecommerce companies. Heavily funded Amazon and Alibaba has resulted in a “bloodbath” in Indian ecommerce. For instance, SnapDeal which had valuation of US$6bn at its speak was struggling to achieve a US$1bn valuation in 2017. This year entrepreneurs such a s Kunal Bahl (SnapDeal), Bhavish Aggarwal (Ola) are some of the famous entrepreneurs who have been knocked out of the Hurun India Rich List 2017 list due to the current ecommerce market competition.

Real estate and jewelry after demonetisationReal estate is the best performing sector in 2017, with the index returning 36.3% return – possibly because buyers deferred their purchase decision and not discard it due to demonetisation. Performance of the sector is against the general perception that real estate would be the most affected sector on contrary BSE Realty index fared a whopping 48% return after demonetization. Post demonetization, there has been an increased transparency in the purchase and payment system of property. On February 2017 government announced infrastructure status to affordable housing to encourage investment in this segment and offered tax sops to developers sitting on completed but unsold inventories.

India consumes almost all the gold it imports and last year demand was 666 metric tons which is higher than the entire gold reserve of the European Central Bank. Demonetisation and introduction of GST accelerated the gradual shift of customers from the unorganised sector that accounts 78% of the retail gems and jewelry market to the organised sector. On August 2017, Prevention of Money Laundering Act (PMLA) was applied to the gems and jewelry sector after demonetisation; it was a fallout of income-tax raids on jewelers soon after demonetisation in last November,



when it was found that they sold gold and jewelry at a huge premium and accepted old currency notes as payment.

Notable Philanthropic Donations in Hurun India Philanthropy List 2016 :

Mukesh Ambani, donated INR 303 Cr towards healthcare. He channelizes his philanthropic initiative through Reliance foundation, his philanthropic arm. The primary aim of the foundation is to promote sustainable growth in India. Besides healthcare, his philanthropic interests include social & rural development and education.

Vaccine billionaire, Cyrus S Poonawalla, who set up Serum Institute has donated INR 250 Crores. The funds raised are used for his philanthropic work, including setting up educational institutes and hospitals. His vision “Health for all with affordable vaccines” is revolutionizing the world saving millions of children around the world.

Ajay Piramal donated INR 111 Crores through his philanthropic initiative through Piramal Foundation. It includes activities for education (PFEL), health care (Swasthya), water purification (Sarvajal), rural development (Udgam) and Women Empowerment (Piramal Udgam)

Rakesh Jhunjhunwala has pledged INR 5,000 Crore for the welfare of the society. He is often referred to as the India’s Warren Buffet. A big supporter of various Non-Profit organizations and education trusts including Agastya and Ashoka University.

An Indian diamantaire and philanthropic social activist, Laljibhai Patel, has pledged a donation of INR 200 Crore for the welfare of 10,000 girls of the Patidar community. He said an amount of INR 2 Lakh would be transferred to the second daughter born in the Patidar community when they would attain 21 years of age.



Table 10: Hurun India Rich List 2017 - Self-Made Degree

Self-Made Degre

e

No Of Individuals

Richest Individual Company AgeWealth INR Cr.

5 41 Shiv Nadar HCL 72 85,1004 267 Dilip Shanghvi Sun Pharma 61 89,0003 286 Mukesh Ambani Reliance 60 257,900

2 10 Anil AmbaniADA Reliance

58 26,800

1 13Savitri Jindal & Family

JSW Steel 67 46,500


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.

Entrepreneurs appreciated by the government of India

40 are Padma awardees, of which four are women. BVR Mohan Reddy of Cyient has awarded Padma Shri in 2017.

There is no one in Hurun India Rich List 2016 who has received the highest civilian award, “Bharat Ratna”. 7 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 11: Hurun India Rich List 2017 – Padma awardees

Award Number Richest Company Wealth (INR Cr.)

1 Padma Vibhushan 6 LN Mittal ArcelorMittal 88,200




2 Padma Bhushan 19 Azim Premji Wipro 79,3003 Padma Shri 22 Dilip Shanghvi Sun Pharma 89,000


Table 11.1: Hurun India Rich List 2017 – Padma awardee details

Padma Award Name Company Year

Vibhushan & Bhushan

Prathap Reddy Apollo Hospitals 2010/1991Ratan Tata Tata Sons 2008/2000Azim Premji Wipro 2005/2011

Vibhushan & Shri NR Narayana Murthy Infosys 2000/2008Vibhushan LN Mittal ArcelorMittal 2008

Prithvi Raj Singh Oberoi East India Hotels 2008

Bhushan & ShriKiran Mazumdar-Shaw Biocon 2005/1989Naresh Trehan Medicity 1991/2001Devi Prasad Shetty Narayana

Hrudayalaya 2012/2004

Bhushan

Azim Premji Wipro 2011Shiv Nadar HCL 2008Sunil Mittal Bharti Airtel 2007Indu Jain Bennett Coleman 2016Kushal Pal Singh DLF 2010Rahul Bajaj Bajaj Auto 2001Adi Godrej Godrej 2013Jamshyd Godrej Godrej 2003Baba Kalyani Bharat Forge 2008Yusuf Hamied* Cipla 2005S Gopalakrishnan Infosys 2011Analjit Singh Max India 2011Nandan Nilekani Infosys 2006Swraj Paul Caparo Group 1983Dilip Shanghvi Sun Pharma 2016Cyrus S Poonawalla Serum 2005Yusuffali MA Emke 2008Ravi Pillai RP 2010Sunny Varkey Gems Education 2009Mallika Srinivasan TAFE 2014




ShriBR Shetty UAE Exchange 2009Karsanbhai Patel Nirma 2010Azad Moopen DM Healthcare 2011Anu Aga Thermax 2010Jawaharlal Gangaramani

Al Fara 2010

Naresh Trehan Medanta Medicity 1991Shobhana Bhartia Hindustan Times 2005Arvind Lal Dr. Lal PathLabs 2009Rajinder Gupta TridentGroup 2007Irshad Mirza Mirza International 2010AVS Raju Nagarjuna

Construction 2010DVS Raju Gangavaram Port 2001


Largest public traded companies

Of the publicly traded companies on the list, Mukesh Ambani’s Reliance has the highest valuation of INR 524,780 Cr (contributing 5.35% to the NIFTY index), followed by Tata Consultancy Services (owned by the Tata family) with INR 477,343 Cr and Infosys INR 232,290 Cr. Kotak Mahindra & Bharti Airtel with market cap of INR 194,110 and INR 167,011 Cr respectively.

Fortune 500: In addition to Reliance and Tata Motors, Rajesh Exports, the flagship company of Rajesh Mehta, is the only other private company in India to feature in Fortune 500.

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

Anand Mahindra (62) of M&M invested INR 100,000 in Kotak Group in

November 1985, is now worth INR 1,400 crore - a compounded growth rate of

40 per cent over the past 32 years Kishore Biyani has co-authored one of the most popular business books in

India till date. He co-authored this book which has sold more than 100,000

copies.




The new top 10 entrant Acharya Balkrishna of Patanjali Ayurved has

published 41 research papers on Yoga and Ayurveda. His work station

doesn’t have a computer B.R. Shetty will invest INR 1,000 crore to produce the costliest ever Indian

film titled The Mahabharata, most expensive non English language film. As a 16-year-old high school student in 1998, Divyank Turakhia founded

Media.net with a US$600 investment. He became a millionaire at 18 and its

valuation cross US$100 mn when he was 23.

Table 12: Money in Sports!

NameIndian Premier League Team

NameIndian Super League Team

Mukesh Ambani Mumbai Indians Sanjiv Goenka Atlético de KolkataG M Rao Delhi Daredevils JSW Group Bengaluru FCKalanithi Maran Sunrisers Hyderabad Venugopal Dhoot FC GoaN Srinivasan Chennai Super Kings Kapil Wadhawan FC Pune CityBurman Family Kings XI Punjab Dheeraj Wadhawan FC Pune CityNess Wadia Kings XI Punjab Karan Paul Kings XI Punjab


Apart from those mentioned above, Hurun India Rich Listers have interest in other professional leagues such as Pro Kabaddi League and English Premier League. For Instance GM Rao owns UP Yodhas and Gautham Adani Owns Gujarat Fortune Giants in Pro Kabaddi League. Anuradha Jitendra Desai of Venky’s owns Blackburn Rovers F.C. and LN Mittal owns Queens Park Rangers F.C. in English Premier League.

Table 13: The Obituary – Hurun Indian Rich List 2017

Name CompanyAge at the time of death

Networth 2016 (INR Crore)

Desh Bandhu Gupta Lupin 78 25,300Ramesh Agarwal DB Corp 71 5,300Amarchand Ramji Gala Navneet Education 85 2,500




Ramasubrahmaneya Rajha Ramco Cements 80 2,600Source: Hurun Research Institute. For more details visit www.hurunindia.net

Wealth of Ramesh Agarwal was inherited equally to his sons Pawan Agarwal, Girish Agarwal and Sudhir Agarwal.

Stats: Record Highs

Cut-off to make the list was INR 1000 Cr, with a record high of 617 individuals, up from 278 last year and 66 the year before.

The number of dollar billionaires has jumped to a record high too, with 136 individuals, up 10 from last year.

Table 14: Table analyzing the cut off and the 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 339 126

2017 1600 426 136

2017 1000 617 136Source: Hurun Research Institute. For more details visit www.hurunindia.net

Cut-off (in INR Cr)

Table 15: Table analyses the cut-off required for Top 10, 50 and 100

2017 INR Cr 2016 INR Cr 2015 INR Cr 2014 INR Cr 2013 INR Cr

Top 10 56,500 50,400 47,000 44,000 46,600Top 50 17,600 14,900 15,100 11,500 7,600Top 100 8,400 7,600 7,900 6,500 3,800







Table 16: Companies that produced the highest number of individuals on the list

Company NameNo. of individuals

Avenue Supermarts 9Macleods Pharmaceuticals 7Infosys 7Amalgamation Group 6Dabur 6





Table 17: Key Star Signs in Hurun India Rich List 2017


Social Media: Acharya Balkrishna is not only an expert in creating wealth but also the master of social media. He is the most followed entrepreneur in Facebook with 5 million followers. A snapshot of some of the social media following of the entrepreneurs below

Table 18: Social Media Followers of Hurun India Rich List 2017

Name Number of Followers Facebook/ TwitterAcharya BalKrishna 56 lakhs FacebookAnand Mahindra 53 lakhs TwitterNandan Nilekani 22 lakhs TwitterHarsha Goenka 12.6 lakhs TwitterKiran Mazumdar Shaw 12.4 lakhs TwitterUday Kotak 7.5 lakhs TwitterHarsh Mariwala 7.2 lakhs TwitterSubash Chandra 7 lakhs TwitterYusuffali MA 6.5 lakhs FacebookVijay Shekhar Sharma 2.1 lakhs Twitter



Rank Birth Month

Total contribution to the list%

Richest person Wealth INR Cr

1 Capricorn 9.9% Smitha V Crishna 37,8002 Taurus 9.7% Cyrus S Poonawalla 71,0003 Cancer 9.4% Shiv Nadar 85,1004 Scorpio 8.9% Yusuffali MA 31,9004 Aries 8.9% Mukesh Ambani 257,9006 Leo 8.7% Azim Premji 79,3007 Pisces 8.0% Uday Kotak 62,7007 Libra 8.0% Dilip Shanghvi 89,0009 Virgo 7.8% Shapoor Pallonji Mistry 49,30010 Gemini 7.7% LN Mittal 88,20011 Sagittarius 6.6% Subhash Chandra 32,80012 Aquarius 6.4% Vikram Lal 42,200




Methodology

The Hurun India Rich List is a snapshot of wealth as on 31 July 2017. The exchange rate used for US$ was INR 64.1. 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 sixth 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.



Hurun India Rich List 2017 – Top 100For the full list, please visit www.hurun.net

Rank Change NameWealth

INR Cr

%

changeCompany Industry Age

Selfmade

Score

1 0 Mukesh Ambani 257,900 58% Reliance Oil & Gas 60 Mumbai 3

2 0 Dilip Shanghvi 89,000 -27% Sun Pharma Pharmaceuticals 61 Mumbai 4

3 5 LN Mittal 88,200 32% ArcelorMittal Metals & Mining 67 London 3

4 3 Shiv Nadar 85,100 16% HCL Software & Services 72 New Delhi 5

5 1 Azim Premji 79,300 6% Wipro Software & Services 72 Bengaluru 3

6 -1Cyrus S

Poonawalla71,100 -9%

Serum Institute of

IndiaPharmaceuticals 76 Pune 5

7 5 Gautam Adani 70,600 66% Adani Enterprises Diversified 55 Ahmedabad 5

8 17Acharya

Balkrishna70,000 173% Patanjali Ayurved FMCG 45 Haridwar 4

9 0 Uday Kotak 62,700 21% Kotak Mahindra Financial Services 58 Mumbai 5

10 0Sunil Mittal &

Family56,500 12% Bharti Airtel Telecom Services 59 New Delhi 5

11 0Kumar Mangalam

Birla51,700 13% Aditya Birla Diversified 50 Mumbai 3

12 NewCyrus Pallonji

Mistry49,300 New Tata Sons Diversified 49 Mumbai 3

12 NewShapoor Pallonji

Mistry49,300 New Tata Sons Diversified 52 Monaco 3

14 4Savitri Jindal &

Family46,500 33% JSW Steel Metals & Mining 67 Hisar 1

15 0Benu Gopal

Bangur44,600 14% Shree Cements Construction Materials 83 Kolkata 3

16 5 Pankaj Patel 44,500 43% Cadila Pharmaceuticals 64 Ahmedabad 3

17 3 Vikram Lal 44,200 30% Eicher Motors Automobiles & Auto Components 75 New Delhi 3

18 12 Rahul Bajaj 43,900 112% Bajaj Auto Automobiles & Auto Components 78 Pune 3

19 30 Ajay Piramal 42,900 186%Piramal

EnterpriseInvestments 67 Mumbai 3

20 23 Rishad Naoroji 37,800 140% Godrej Consumer Durables 65 Mumbai 1

20 23 Nadir Godrej 37,800 140% Godrej Consumer Durables 65 Mumbai 3

20 23 Smitha V Crishna 37,800 140% Godrej Consumer Durables 66 Mumbai 3

20 23 Jamshyd Godrej 37,800 140% Godrej Consumer Durables 68 Mumbai 3

20 23 Adi Godrej 37,800 140% Godrej Consumer Durables 75 Mumbai 3

25 -6 Micky Jagtiani 34,700 1% Landmark Retailing 65 Dubai 5



26 -9 Subhash Chandra 32,800 -7% Zee Media 65 Mumbai 4

27 4 Nusli Wadia 32,500 59% Britannia FMCG 73 Mumbai 3

28 -12 Yusuffali MA 31,900 -13% Emke Retailing 61 Abu Dhabi 5

29 -5 Indu Jain 30,300 8% Bennett Coleman Media 80 New Delhi 3

30 77Radhakishan

Damani29,700 Split

Avenue

SupermartsRetailing 62 Mumbai 5

31 1 Harsh Mariwala 28,000 43% Marico FMCG 66 Mumbai 3

32 -3 Kushal Pal Singh 27,400 18% DLF Realty 86 New Delhi 3

33 2Vivek Chaand

Sehgal27,000 43%

Motherson Sumi

SystemAutomobiles & Auto Components 60 Melbourne 3

34 -12 Anil Ambani 26,800 -6% ADA Reliance Diversified 58 Mumbai 2

35 -7 Ashwin Dani 25,900 4% Asian Paints Chemicals & Petrochemicals 74 Mumbai 3

36 6 Kalanithi Maran 25,100 64% Sun Network Media 52 Chennai 4

37 -33 SP Hinduja 24,300 Split Hinduja Group Diversified 81 London 3

37 New GP Hinduja 24,300 New Hinduja Group Diversified 77 London 3

37 New PP Hinduja 24,300 New Hinduja Group Diversified 72 Geneva 3

37 New AP Hinduja 24,300 New Hinduja Group Diversified 67 Mumbai 3

41 -7Vijay Chauhan &

Family22,800 19% Parle Products FMCG 80 Mumbai 3

42 26B Parthasaradhi

Reddy20,600 Split

Hetero group of

companiesPharmaceuticals 63 Hyderabad 4

43 31 Sameer Gehlaut 20,100 91%Indiabulls

Financial ServicesFinancial Services 43 Mumbai 4

44 -4 Rajan Raheja 19,300 14% Exide Industries Automobiles & Auto Components 64 Mumbai 4

45 -6 Abhay Vakil 19,100 9% Asian Paints Chemicals & Petrochemicals 66 Mumbai 3

45 -8 Ashwin Choksi 19,100 4% Asian Paints Chemicals & Petrochemicals 74 Mumbai 3

47 18Mangal Prabhat

Lodha18,500 35% Lodha Realty 61 Mumbai 4

48 6 Rahul Bhatia 18,200 37%Interglobe

AviationTransportation 57 New Delhi 4

49 4 Sunny Varkey 17,900 25% Gems Education Others 60 Dubai 4

50 33 Jithendra Virwani 17,600 99%Embassy Property

Developments Realty 51 Bengaluru 4

51 4 Anil Agarwal 17,300 26%Vedanta

ResourceMetals & Mining 64 London 4

51 22 BR Shetty 17,300 57% NMC Healthcare 75 Abu Dhabi 4

53 105 Kishore Biyani 17,200 259% Future Group Retailing 57 Mumbai 4

54 -6Hasmukh

Chudgar & Family16,800 11% Intas Pharma Pharmaceuticals 84 Ahmedabad 4



55 -14 Rakesh Gangwal 16,100 1%Interglobe

AviationTransportation 64 Mclean 4

56 86Adani Vinodbhai

Shantilal15,700 200% Adani Enterprises Diversified Dubai 4

57 -24PV Ramaprasad

Reddy15,600 -19%

Aurobindo

PharmaPharmaceuticals 59 Hyderabad 4

58 12Kiran Mazumdar-

Shaw15,400 43% Biocon Pharmaceuticals 64 Bengaluru 4

59 -46 Anand Burman 14,500 Split Dabur FMCG 65 New Delhi 3

60 -10 Chandru Raheja 13,900 -10% Shoppers Stop Retailing 76 Mumbai 4

61 -23 Ravi Pillai 13,600 -28% RP Construction & Engineering 63 Dubai 5

62 0 Prakash Lohia 12,500 3% Indorama Chemicals & Petrochemicals 64 London 3

63 -4 Samir Mehta 12,400 3% Torrent Pharma Pharmaceuticals 53 Ahmedabad 3

63 -4 Sudhir Mehta 12,400 3% Torrent Pharma Pharmaceuticals 63 Ahmedabad 3

65 -4 Baba Kalyani 12,000 0% Bharat Forge Diversified 68 Pune 3

65 2 Aloke Lohia 12,000 3% Indorama Chemicals & Petrochemicals 58 Bangkok 4

65 -1 Feroz Allana 12,000 2% IFFCO Trading Sharjah 5

68 -32Romesh T

Wadhwani11,800 -39%

Symphony

Technology Investments 69 Palo Alto 4

69 7Rakesh

Jhunjhunwala11,700 12% Rare Enterprises Investments 57 Mumbai 5

70 New Divyank Turakhia 11,500 New Media.Net Software & Services 35 Dubai 4

70 142Anurang Jain &

family11,500 286%

Endurance

TechnologiesAutomobiles & Auto Components 55 Aurangabad 3

72 25 Rajju Shroff 11,400 49%United

PhosphorusChemicals & Petrochemicals 83 Mumbai 5

73 -17Kavitark Ram

Shriram11,200 -14% Google Software & Services 60 Menlo Park 4

74 NewShamsheer

Vayalil11,100 New VPS Healthcare Healthcare 40 Abu Dhabi 4

75 -4Radhe Shyam

Goenka10,600 -1% Emami FMCG 70 Kolkata 4

75 -4Radhe Shyam

Agarwal10,600 -1% Emami FMCG 71 Kolkata 4

77 -19Glenn Saldanha &

Family10,500 -16%

Glenmark

Pharma Pharmaceuticals 47 Mumbai 3

78 -9 Yusuf Hamied 10,300 -6% Cipla Pharmaceuticals 81 Mumbai 3

79 15 Vikas Oberoi 10,100 30% Oberoi Realty Realty 47 Mumbai 3

80 89 Dinesh Nandwana 10,000 125% Vakranjee Software & Services 54 Mumbai 4



Software

81 18 Manoj Bhargava 9,900 28% 5 Hour Energy FMCG 63Farmington

Hills 4

81 -2Gurbachan Singh

Dhingra9,900 4% Berger Paints Chemicals & Petrochemicals 67 New Delhi 3

81 -2Kuldip Singh

Dhingra9,900 4% Berger Paints Chemicals & Petrochemicals 69 New Delhi 3

81 -3 Tony Jashanmal 9,900 -3% Jashanmal Retailing 70 Dubai 3

85 -19 Vinod Khosla 9,800 -14% Khosla Ventures Investments 62Portola

Valley4

86 33 Rana Kapoor 9,500 44% Yes Bank Financial Services 59 Mumbai 4

87 -10Balkrishan

Goenka9,400 -6% Welspun Corp Capital Goods 51 Mumbai 4

88 New B Vamsi Krishna 9,200 New Hetero group Pharmaceuticals 34 Hyderabad 3

89 25 Harsh Goenka 9,100 34% RPG Enterprises Diversified 59 Mumbai 3

89 38 VC Nannapaneni 9,100 50% Natco Pharma Pharmaceuticals 71 Hyderabad 4

91 14Vijay Shekhar

Sharma9,000 22% Paytm Software & Services 39 New Delhi 4

91 NewLeena Gandhi

Tewari9,000 New USV Pharmaceuticals 60 Mumbai 3

91 29 Bhadresh Shah 9,000 36% AIA Engineering Construction & Engineering 65 Ahmedabad 4

94 74 Rajiv Poddar 8,900 98% Balkrishna Automobiles & Auto Components 32 Mumbai 3

94 9 Prithviraj Kothari 8,900 20% RSBL Jewellery 57 Mumbai 4

96 NewGopikishan

Damani8,700 New

Avenue

SupermartsRetailing 60 Mumbai 4

97 64 P Pitchi Reddy 8,500 80% MEIL Construction & Engineering 59 Hyderabad 4

98 -6 Karsanbhai Patel 8,400 7% Nirma FMCG 73 Ahmedabad 5

98 31 Ranjan Pai 8,400 43%

Manipal

Education &

Medical

Others 44 Bengaluru 3

98 30 Anand Mahindra 8,400 42% M&M Automobiles & Auto Components 62 Mumbai 3

*Wealth reduced due to ownership split

The Hurun Report



Hurun Report is a leading luxury publishing and events group established in London in 1998 and strongly present in China and India, widely recognised world over for its comprehensive evaluation of the world’s wealthiest individuals across the globe.

Hurun Report India commenced its operations in 2012 and has been bringing to light stories of successful and emerging Indian entrepreneurs ever since and felicitating them at a bouquet of Hurun events hosted pan India.

Hurun Report Inc. has three main platforms: Hurun Research Institute, Hurun Digital Media and Hurun Conferences and Luxury Summits. Through each platform, Hurun targets entrepreneurs and high net worth individuals.

Hurun Report India’s flagship properties include the India Rich List, the ground-breaking India Philanthropy list and the Hurun Global Rich List. A testament to the comprehensive nature of our list is the presence and association of numerous billionaires in each of our events in UK, China and as well as India – Sir Richard Charles Nicholas Branson, Mr. Wang Jianlin, Mr. Jack Ma (AliBaba), Mr. Lei Jun (Xiaomi), Mr. Li Yanhong (Baidu), Dr. Cyrus Poonawalla, Mr. Samprada Singh, Mr. Adi Godrej, Mr. Kuldip Singh Dhingra, Mr. Anand Burman, Mr. Kris Gopalakrishnan, Mr. Rajesh Mehta, Mr. Yusuff Ali, Mr. Kochouseph Chittilappilly, Mr. Joy Alukkas, Mr. T.S. Kalyanaraman and Mr. C.V. Jacob to name a few.

ANAS RAHMAN JUNAID (MD &CHIEF RESEARCHER- HURUN REPORT INDIA) PROFILEA graduate from University of Oxford, Anas Rahman Junaid is the Managing Director and Chief Researcher for Hurun Report India and the Global Rich List. Anas’ passion and expertise are in tracking and highlighting the success stories of various entrepreneurs across the world. A major in Corporate Valuation, Anas has strong expertise in valuating companies ranging from start-ups to multi-billion dollar enterprises. Anas is a KPMG alumnus. His renewed vision is to connect Indian and Chinese entrepreneurs and to explore opportunities to collaborate. With a strong network with the UHNIs in India, he hopes to promote and explore luxury, art and investments.

HURUN REPORT INDIA



“Passionate About Indian Entrepreneurship”

Hurun Report India serves as India’s definitive voice celebrating wealth creation,

innovation and growth. Last year Hurun further expanded by releasing Hurun Global

Rich List 2015, a ranking of the 2195 US dollar billionaires so-called ‘Nine-Zero Club’

currently -in the world and – the fifth India Rich List which ranks 339 richest

individuals in India, allowing for comparisons between two of the most dynamic

economies in the world.

The purpose of this list is to try and tell the story of modern India through the eyes of

an entrepreneur. For the full details, please refer to on www.hurunindia.net.

For media inquiries, please contact:

Shobita [email protected]

Vaibhav Joshi+91 99203 [email protected]



mailto:[email protected]

mailto:[email protected]


res.hurun.netres.hurun.net/.../file/20170926/201709261003198639442.docx · web viewprithvi raj...

Documents