Explore the phenomenal riches and outstanding accomplishments of the ten wealthiest individuals in India, representing diverse industries.
As India’s economy continues to surge, many are curious about the wealthiest individuals in the country. A record-breaking 200 Indians have earned a spot on Forbes’ 2024 World’s Billionaires list. Unsurprisingly, Mukesh Ambani leads the pack, followed by notable figures like Gautam Adani and Shiv Nadar. Here, we present the latest list of India’s richest, based on yuvatalks real time Billionaires rankings as of May 28, 2024.
The Top 10 Richest People In 2024
| Name & India Rank | Global Rank | Net worth (US$) | Company |
| #1 Mukesh Ambani | 9 | $116 B | Reliance Industries |
| #2 Gautam Adani | 17 | $84 B | Adani Group |
| #3 Shiv Nadar | 39 | $36.9 B | HCL Technologies |
| #4 Savitri Jindal & Family | 46 | $33.5 B | JSW Group |
| #5 Dilip Shanghvi | 69 | $26.7 B | Sun Pharmaceutical Industries Ltd |
| #6 Cyrus Poonawalla | 90 | $21.3 B | Serum Institute of India |
| #7 Kushal Pal Singh | 92 | $20.9 B | DLF Limited |
| #8 Kumar Birla | 98 | $19.7 B | Aditya Birla Group |
| #9 Radhakishan Damani | 107 | $17.6 B | Avenue Supermarkets |
| #10 Lakshmi Mittal | 113 | $16.4 B | ArcelorMittal |
- Age: 67 Years
- Source of Wealth: Reliance Industries Ltd
Mukesh Ambani, the Managing Director and Chairman of Reliance Industries, holds the title of India’s richest person. According to Forbes, Reliance Industries boasts a revenue exceeding Rs 9.03 lakh crore ($109.4 billion). The conglomerate has interests in a wide array of sectors including petrochemicals, oil and gas, retail, and telecommunications. Ambani’s three children, Akash, Anant, and Isha, play integral roles in overseeing various divisions of the company.
- Age: 61 Years
- Source of Wealth: Adani Group
Gautam Shantilal Adani, an Indian billionaire industrialist, is known as the founder and chairman of the Adani Group, a multinational conglomerate primarily focused on port operations and development in India. Established by Gautam Adani in 1996, the Adani Foundation is chaired by his wife, Priti Adani. The group’s business interests span various sectors, including ports, airports, power generation and transmission, and renewable energy. Adani is renowned as India’s largest airport operator and also oversees Gujarat’s Mundra Port, the country’s largest.
In January 2023, Hindenburg Research, a US-based firm, alleged that Adani and his companies were involved in financial misconduct and manipulating the stock market. Following the report, stocks of Adani Group companies plummeted, causing a loss of more than $120 billion in market value. The market value rebounded after the Supreme Court ruled in favor of the group a year later.
- Age: 78 Years
- Source of Wealth: HCL Enterprise
Shiv Nadar is the founder of the HCL Group and a trailblazer in India’s IT industry. HCL serves prestigious clients like Cisco, Microsoft, and Boeing. For his significant contributions, the Indian government honored Mr. Nadar with the Padma Bhushan, India’s third-highest civilian award, in 2008. He is also known for his philanthropy, having donated Rs 2,042 crore to various causes in late 2023.
- Age: 74 Years
- Source of Wealth: OP Jindal Group
Savitri Jindal, an Indian politician and entrepreneur, serves as the emeritus chair at the OP Jindal Group. Her four sons, Prithviraj, Sajjan, Ratan, and Naveen Jindal, oversee the group’s various divisions. The JSW Group’s sports division, JSW Sports, operates within the conglomerate, which has a presence in India, the US, South America, Europe, and Africa. JSW Sports aims to actively contribute to building a thriving sports ecosystem in India. Savitri Jindal is recognized as the wealthiest woman in India.
- Age: 68 Years
- Source of Wealth: Sun Pharmaceuticals
Dilip Shanghvi is a well-known Indian business magnate known for his leadership at Sun Pharmaceutical Industries. Under his guidance, Sun Pharma became the first Indian pharmaceutical company to achieve a valuation of $5 billion. Shanghvi orchestrated the company’s growth through strategic acquisitions, with the most notable being the acquisition of Ranbaxy Laboratories in 2014 for $4 billion, despite Ranbaxy’s prior involvement in scandals.
- Age: 82 Years
- Source of Wealth: Serum Institute of India
Cyrus Poonawalla, a prominent figure in India’s vaccine development sector, has significantly benefited from the growing sales and earnings of the privately owned Serum Institute of India, which he owns. Assisting him in managing the institute is his son, Adar. Headquartered in Pune, the Serum Institute holds the prestigious title of being the world’s largest vaccine manufacturer. Cyrus Poonawalla’s recent increase in wealth can largely be attributed to the widespread use of the Covid-19 vaccines produced by the institute. He has also gained political attention for being a top donor to the NCP during the 2019 elections.
Kushal Pal Singh
- Age: 92
- Source of Wealth: DLF Limited
Kushal Pal Singh, a prominent figure in the real estate industry, holds the title of chairman emeritus at DLF, India’s largest listed real estate company in terms of market capitalization. A former army officer, Singh became associated with DLF in 1961, a business initially founded by his father-in-law. He played a pivotal role in the development of DLF City in Gurgaon and served as chairman for over five decades before assuming the position of chairman emeritus. Presently, DLF, headquartered in Delhi, is under the leadership of his son, Rajiv Singh Pal, who serves as the chairman. Noteworthy, DLF launched a high-end residential project in Delhi in 2022 in collaboration with GIC.
- Age: 56 Years
- Source of Wealth: Aditya Birla Group
Renowned for his role in the commodities sector, Kumar Birla now leads the Aditya Birla Group, known for its presence in aluminum, cement, and financial services. He previously served as the non-executive chairman of Vodafone Idea but resigned in 2021 due to mounting debts. In 2024, he was reappointed as a non-executive director. Following Vodafone Idea’s successful ₹18,000 crore FPO, Birla was named an additional director, marking the start of “Vodafone Idea 2.0,” focusing on network upgrades and 5G rollout. Recently, his children, Ananya and Aryaman, have joined the boards of his flagship companies.
- Age: 69 Years
- Source of Wealth: Avenue Supermarts Limited
Radhakishan Shivkishan Damani, a well-known Indian entrepreneur and notable investor, is celebrated for founding Avenue Supermarts Limited, the company behind nearly 336 DMart stores across India. Widely recognized as India’s retail mogul, he embarked on this journey in Mumbai back in 2002. Managing his investment ventures through Bright Star Investments Limited, he holds interests in VST and India Cement. His property holdings also encompass the Radisson Blu Resort in Alibaug.
- Age: 73 Years
- Source of Wealth: Arcelor Mittal
Lakshmi Mittal is renowned for his role as the chairman of the world’s largest steel and mining company by production volume. He founded his own steel company before merging it with France’s Arcelor in 2006, forming ArcelorMittal Steel. Despite relinquishing the CEO position to his son, Aditya Mittal, Lakshmi Mittal continues to serve as the executive chairman of ArcelorMittal. In 2023, the company reported a net income of $919 million.