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PRESS RELEASE
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
126 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 43 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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Number of dollar billionaires has increased to126, up 2 from last year. The inaugural Hurun India Rich List in 2012 had 59 billionaires
32 have migrated from India and are NRI’s With a cumulative networth of INR 6600 Cr, the Turakhia brothers (aged 35 & 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;
123 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
18F Tower One, Enterprise Center, 139 Huakang Road, Shanghai, China 200070+86-21-5010 5808 www.hurun.net
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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 104 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 9 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. 32 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
Source: Hurun Research Institute. For more details visit www.hurun.net
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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 NameAge
Wealth (INR Cr)
City CompanySelf-Made Degree
Industry
1 Bhavish 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 Delhi Snapdeal 4 Technology
4 Binny Bansal 33 5,400 Bengaluru Flipkart 4 Technology
5 Nilima Motaparti 34 7,100 HyderabadDivis Laboratories
3 Pharmaceuticals
6 Sachin Bansal 35 5,400 Bengaluru Flipkart 4 Technology
7 Divyank Turakhia 35 3,000 MumbaiDirecti Web Services
4 Technology
8 Bhavin Turakhia 36 3,000 MumbaiDirecti Web Services
4 Technology
9Nishita Shah Federbush& Family
36 2,200 BangkokPrecious Shipping
3Transport Services
10Vijay Shankar Sharma
38 7,300 Delhi Paytm 4 Technology
11Divi Satchandra Kiran
40 6,000 HyderabadDivis Laboratories
3 Pharmaceuticals
Source: Hurun Research Institute. For more details visit www.hurun.net
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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
Source: Hurun Research Institute. For more details visit www.hurun.net
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
Source: Hurun Research Institute. For more details visit www.hurun.net
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
Source: Hurun Research Institute. For more details visit www.hurun.net
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
Source: Hurun Research Institute. For more details visit www.hurun.net
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
Source: Hurun Research Institute. For more details visit www.hurun.net
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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Page 17 of 41
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.
128 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
Table 12: Obituary – Hurun Indian Rich List 2016
Name Company
Age at the
time of
death
Networth 2015
(INR Cr)
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Page 18 of 41
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.
18F Tower One, Enterprise Center, 139 Huakang Road, Shanghai, China 200070+86-21-5010 5808 www.hurun.net
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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 126 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 126Source: 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
18F Tower One, Enterprise Center, 139 Huakang Road, Shanghai, China 200070+86-21-5010 5808 www.hurun.net
Page 20 of 41
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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Page 21 of 41
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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Page 22 of 41
Hurun India Rich List 2016
Change
in Rank
NameWealth
INR CrCompany Industry Age Residence
Selfmade
score
Wealth
USD
‘000
mn
1 0 Mukesh Ambani 163,400 Reliance Oil & Gas 59 Mumbai 3 24,501
2 0 Dilip Shanghvi 121,500 Sun Pharma Pharmaceuticals 60 Mumbai 4 18,219
3 2 Pallonji Mistry 101,100 Shapoorji
Pallonji
Construction &
Engineering86 Mumbai 3 15,160
4 -1 SP Hinduja & Family 100,700 Hinduja Diversified 82 London 3 15,100
5 6 Cyrus S Poonawalla 83,000 Serum Pharmaceuticals 75 Pune 4 12,446
6 1 Azim Premji 74,700 Wipro Software & Services 71 Bangalore 4 11,201
7 -3 Shiv Nadar 73,000 HCL Software & Services 71 New Delhi 5 10,946
8 -2 LN Mittal 66,900 ArcelorMittal Metals & Mining 66 London 4 10,031
9 1 Uday Kotak 51,600 Kotak Mahindra Financial Services 57 Mumbai 5 7,737
10 -1 Sunil Mittal & Family 50,300 Bharti Airtel Telecom Services 58 New Delhi 4 7,542
11 2Kumar Mangalam
Birla45,500 Aditya Birla Diversified 49 Mumbai 3 6,823
12 -4 Gautam Adani 42,400 Adani
EnterprisesDiversified 54 Ahmedabad 4 6,358
13 -1Anand Burman &
Family41,800 Dabur FMCG 64 New Delhi 3 6,268
14 0 Desh Bandhu Gupta 40,400 Lupin Pharmaceuticals 78 Mumbai 4 6,058
15 7 Benu Gopal Bangur 39,000 Shree CementsConstruction
Materials85 Kolkata 4 5,848
16 21 Yusuffali MA 36,600 Emke Retailing 60 Abu Dhabi 5 5,488
17 4 Subhash Chandra 35,100 Zee Media 65 Mumbai 4 5,263
18 27Savitri Jindal &
Family35,000 JSW Steel Metals & Mining 66 Hisar 1 5,248
19 0 Micky jagtiani 34,400 Landmark Retailing 65 Dubai 4 5,158
20 -2 Vikram Lal 33,800 Eicher MotorsAutomobiles & Auto
Components74 New Delhi 3 5,068
21 -4 Pankaj Patel 31,000 Cadila Pharmaceuticals 65 Ahmedabad 3 4,648
22 1 Anil Ambani 28,500 ADA Reliance Diversified 57 Mumbai 2 4,274
23 4Madhukar Parekh &
Family28,200 Pidilite
Chemicals &
Petrochemicals70 Mumbai 3 4,229
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24 8 Indu Jain 28,000 Bennett
ColemanMedia 79 New Delhi 3 4,199
25 New Acharya Balakrishna 25,600 Patanjali
AyurvedFMCG 44 Haridwar 4 3,839
26 2 Shashi Ruia 25,300 Essar Oil & Gas 72 Mumbai 4 3,794
26 2 Ravi Ruia 25,300 Essar Oil & Gas 67 Mumbai 4 3,794
28 2 Ashwin Dani 25,000 Asian PaintsChemicals &
Petrochemicals74 Mumbai 3 3,749
29 11 Kushal Pal Singh 23,200 DLF Realty 84 New Delhi 4 3,479
30 -6 Rahul Bajaj 20,700 Bajaj AutoAutomobiles & Auto
Components78 Pune 3 3,104
31 -11 Nusli Wadia 20,400 Britannia FMCG 72 Mumbai 3 3,059
32 1 Harsh Mariwala 19,600 Marico FMCG 65 Mumbai 3 2,939
33 2Romesh T
Wadhwani19,400
Symphony
Technology Investments 69 Palo Alto 4 2,909
34 7PV Ramaprasad
Reddy*19,200
Aurobindo
PharmaPharmaceuticals 58 Hyderabad 4 2,879
35 11Vijay Chauhan &
Family19,100 Parle Products FMCG 80 Mumbai 3 2,864
36 18Vivek Chaand
Sehgal18,900
Motherson Sumi
System
Automobiles & Auto
Components59 New Delhi 4 2,834
37 16 Ravi Pillai 18,800 RPConstruction &
Engineering63 Dubai 5 2,819
38 12 Ashwin Choksi 18,300 Asian PaintsChemicals &
Petrochemicals73 Mumbai 3 2,744
39 13 Abhay Vakil 17,500 Asian PaintsChemicals &
Petrochemicals65 Mumbai 3 2,624
40 3 Rajan Raheja 16,900 Exide IndustriesAutomobiles & Auto
Components62 Mumbai 4 2,534
41 74 Rakesh Gangwal 15,900 Interglobe
EnterpriseTransport Services 63 Miami 4 2,384
42 -27 Adi Godrej* 15,700 Godrej Consumer Durables 74 Mumbai 3 2,354
42 -27 Jamshyd Godrej* 15,700 Godrej Consumer Durables 67 Mumbai 3 2,354
42 1 Rishad Naoroji 15,700 Godrej Consumer Durables 64 Mumbai 1 2,354
42 New Nadir Godrej 15,700 Godrej Consumer Durables 65 Mumbai 3 2,354
42 New Smitha V Crishna 15,700 Godrej Consumer Durables 66 Mumbai 3 2,354
47 -10 Chandru Raheja 15,300 Shoppers Stop Retailing 76 Mumbai 4 2,294
48 9 Kalanithi Maran 15,200 Sun Network Media 52 Chennai 3 2,279
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49 46Hasmukh Chudgar &
Family15,100 Intas Pharma Pharmaceuticals 83 Ahmedabad 4 2,264
50 -19 Ajay Piramal 14,900 Piramal
EnterprisePharmaceuticals 60 Mumbai 3 2,234
51 12 Vinod gupta 14,800 Havells India Consumer Durables 71 New Delhi 3 2,219
52 25 Sunny Varkey 14,200 Gems Education Other Services 59 Dubai 3 2,129
53 19 Samprada Singh 13,800 Alkem
LaboratoriesPharmaceuticals 91 Mumbai 4 2,069
54 -29 Anil Agarwal 13,700 Vedanta
ResourceMetals & Mining 62 London 4 2,054
55 54 Rahul Bhatia* 13,300 Interglobe
EnterpriseTransport Services 61 New Delhi 4 1,994
56 3Kavitark Ram
Shriram13,100 Google Software & Services 59 Menlo Park 4 1,964
57 11Mannalal B Agarwal
& Family12,600 Ajanta Pharma Pharmaceuticals 69 Mumbai 4 1,889
58 -7Glenn Saldanha &
Family12,400
Glenmark
Pharma Pharmaceuticals 47 Mumbai 3 1,859
59 26 Prakash Lohia 12,100 IndoramaChemicals &
Petrochemicals64 London 4 1,814
60 4 Sudhir Mehta 12,000 Torrent Pharma Pharmaceuticals 61 Ahmedabad 3 1,799
60 4 Samir Mehta 12,000 Torrent Pharma Pharmaceuticals 53 Ahmedabad 3 1,799
62 -20 Baba Kalyani 11,900 Bharat Forge Diversified 67 Pune 3 1,784
63 -24 Feroz Allana 11,700 IFFCO Trading - Sharjah 5 1,754
63 16 Mallika Srinivasan 11,700 TAFEAutomobiles & Auto
Components57 Chennai 3 1,754
65 8Mangal Prabhat
Lodha11,600 Lodha Realty 60 Mumbai 5 1,739
66 24 Aloke Lohia 11,500 IndoramaChemicals &
Petrochemicals58 Bangkok 4 1,724
67 -1 Vinod Khosla 11,400 Khosla Ventures Investments 61 Portola Valley 4 1,709
68 82 BR Shetty 11,000 NMC Healthcare 74 Abu Dhabi 4 1,649
69 -43 Yusuf Hamied* 10,900 Cipla Pharmaceuticals 80 Mumbai 3 1,634
69 NewB Parthasaradhi
Reddy10,900
Hetero group of
companiesPharmaceuticals 62 Hyderabad 4 1,634
71 48Kiran Mazumdar-
Shaw10,800 Biocon Pharmaceuticals 63 Bangalore 4 1,619
72 -11 Radhe Shyam 10,700 Emami FMCG 70 Kolkata 4 1,604
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Agarwal
72 -11Radhe Shyam
Goenka10,700 Emami FMCG 69 Kolkata 4 1,604
74 24Rakesh
Jhunjhunwala10,500
Rare
EnterprisesInvestments 56 Mumbai 5 1,574
75 0 Sameer Gehlaut 10,400
Indiabulls
Financial
Services
Financial Services 42 Mumbai 4 1,559
75 -18NR Narayana
Murthy10,400 Infosys Software & Services 70 Bangalore 4 1,559
77 8 Tony Jashanmal 10,200 Jashanmal Retailing 69 Dubai 3 1,529
78 -5 Ranjan Pai 10,100
Manipal
Education &
Medical
Other Services 43 Bangalore 3 1,514
79 -4 Balkrishan Goenka 10,000 Welspun Corp Capital Goods 50 Mumbai 5 1,499
80 37Gurbachan Singh
Dhingra9,500 Berger Paints
Chemicals &
Petrochemicals66 Kolkata 3 1,425
80 37Kuldip Singh
Dhingra9,500 Berger Paints
Chemicals &
Petrochemicals69 Kolkata 3 1,425
82 New Mukund Rungta 9,200 Rungta Mines Metals & Mining 58 Jharkhand 3 1,380
83 -27 Ravi Jaipuria 9,100 RJ Corp FMCG 61 New Delhi 4 1,365
84 60 Jithendra Virwani 8,800
Embassy
Property
Developments
Realty 50 Bangalore 4 1,320
84 -29 Habil Khorakiwala 8,800 Wockhardt Healthcare 74 Mumbai 5 1,320
86 3Ramesh Genomal &
Family8,600 Page Industries
Textiles, Apparels &
Accessories63 Bangalore 4 1,290
87 -7 S Gopalakrishnan 8,400 Infosys Software & Services 61 Bangalore 4 1,260
87 76Jai Hari Dalmia &
Family8,400 Dalmia Bharat
Construction
Materials72 New Delhi 3 1,260
89 -12 Mofatraj Munot 8,200 Kalpataru Realty 72 Mumbai 5 1,230
90 New Sunil Kant Munjal 8,100 Hero MotocorpAutomobiles & Auto
Components59 New Delhi 3 1,215
90 New Pawan Kant Munjal 8,100 Hero MotocorpAutomobiles & Auto
Components62 New Delhi 3 1,215
90 New Suman Kant Munjal 8,100 Hero MotocorpAutomobiles & Auto
Components63 New Delhi 3 1,215
93 New Nandlal Rungta 7,800 Rungta Mines Metals & Mining 66 Jharkhand 3 1,170
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93 42 Karsanbhai Patel 7,800 Nirma FMCG 72 Ahmedabad 5 1,170
93 -12 Rajesh Mehta 7,800 Rajesh Exports Jewellery 51 Bangalore 5 1,170
93 9 Vikas Oberoi 7,800 Oberoi Realty Realty 46 Mumbai 3 1,170
97 -3 Nirav Modi 7,700 Firestar
DiamondsJewellery 45 Mumbai 3 1,155
97 -37 Manoj Bhargava 7,700 5 Hour Energy FMCG 63Farmington
Hills 4 1,155
99 -8 Rajju Shroff 7,600 United
Phosphorus
Chemicals &
Petrochemicals81 Mumbai 5 1,140
100 1 Sanjiv Goenka 7,500 Spencer Retail Retailing 55 Kolkata 3 1,125
101 11 Azad Moopen 7,400 DM Healthcare Healthcare 63 Dubai 5 1,110
101 3 Prithviraj Kothari 7,400 RSBL Jewellery 56 Mumbai 4 1,110
103 97Vijay Shekhar
Sharma7,300 Paytm Technology 38 Delhi 4 1,095
104 -71 GV Prasad* 7,200 Dr Reddy's Lab Pharmaceuticals 55 Hyderabad 4 1,080
105 -3Prathap Reddy &
Family7,100 Apollo Hospitals Healthcare 83 Chennai 4 1,065
105 New Nilima Motaparti 7,100 Divi's Lab Pharmaceuticals 34 Hyderabad 3 1,065
107 NewRadhakishan
Damani7,000
Avenue
SupermartsRetailing 61 Mumbai 4 1,050
107 -38 PNC Menon 7,000 PNC
Investments
Construction &
Engineering68 Bangalore 5 1,050
107 -12 Anu Aga 7,000 Thermax Capital Goods 74 Pune 3 1,050
110 74 Lachman Das Mittal 6,900 SonalikaAutomobiles & Auto
Components85 Hoshiarpur 3 1,035
111 -6 Joy Alukkas 6,800 Joyalukkas Jewellery 60 Kochi 4 1,020
111 New K Satish Reddy 6,800 Dr Reddy's Lab Pharmaceuticals 49 Hyderabad 3 1,020
111 61 Sanjay S Lalbhai 6,800 Arvind Textiles, Apparels &
Accessories62 Ahmedabad 3 1,020
111 1 Harsh Goenka 6,800 RPG
EnterprisesDiversified 58 Mumbai 3 1,020
111 9 Ramesh Juneja 6,800 Mankind
PharmaPharmaceuticals 61 New Delhi 4 1,020
111 9 Rajeev Juneja 6,800 Mankind
PharmaPharmaceuticals 51 Delhi 4 1,020
117 23Achal Anil Bakeri &
Family6,700 Symphony Consumer Durables 56 Ahmedabad 4 1,005
118 -7 Prakash Chauhan & 6,600 Parle Agro FMCG 70 Mumbai 3 990
18F Tower One, Enterprise Center, 139 Huakang Road, Shanghai, China 200070+86-21-5010 5808 www.hurun.net
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Family Foods
118 -19 Analjit Singh 6,600 Max India Financial Services 62 New Delhi 4 990
120 -5 Bhadresh Shah 6,500 AIA EngineeringConstruction &
Engineering65 Ahmedabad 4 975
120 34 Rana Kapoor 6,500 Yes Bank Financial Services 59 Mumbai 4 975
120 -15Chirayu R Amin &
Family6,500 Alembic Pharma Pharmaceuticals 70 Mumbai 3 975
120 -32 Nandan Nilekani 6,500 Infosys Software & Services 61 Bangalore 4 975
124 -29Devendra Kumar
Jain6,400
Gujarat
Flourochemicals
Chemicals &
Petrochemicals87 New Delhi 4 960
125 -34 Gautam Thapar 6,300 Crompton
GreavesConsumer Durables 55 New Delhi 3 945
125 30 BL Taparia & Family 6,300 SupremeConstruction
Materials80 Mumbai 3 945
127 NewDivi Satchandra
Kiran6,000 Divi's Lab Pharmaceuticals 40 Hyderabad 3 900
127 23 VC Nannapaneni 6,000 Natco Pharma Pharmaceuticals 68 Hyderabad 4 900
129 -44 Anand Mahindra 5,900 M&M Automobiles & Auto
Components61 Mumbai 3 885
130 -1Salil Singhal &
Family5,800 PI Industries
Chemicals &
Petrochemicals70 New Delhi 3 870
130 0 GM Rao 5,800 GMRConstruction &
Engineering66 Bangalore 4 870
130 -5 Krishnan Ganesh 5,800 IT&T Investments 54 Bangalore 4 870
133 -34 TS Kalyanaraman 5,600 Kalyan
JewellersJewellery 69 Thrissur 5 840
133 7 Ramesh Agarwal 5,600 DB Corp Media 71 Bhopal 4 840
133 39 Madhu Kapur 5,600 Yes Bank Financial Services 59 Mumbai 3 840
136 New Pradeep Jain 5,400 Karbonn
Mobiles
Telecommunications
Equipment48 New Delhi 4 810
136 -26 K Dinesh 5,400 Infosys Software & Services 62 Bangalore 4 810
136 -1 Rizwan Sajan 5,400 Danube Construction
Materials51 Dubai 4 810
136 -16Irfan Razack &
Family5,400
Prestige Estate
ProjectsRealty 63 Bangalore 5 810
136 -55 Binny Bansal 5,400 Flipkart Technology 33 Bangalore 4 810
136 -55 Sachin Bansal 5,400 Flipkart Technology 35 Bangalore 4 810
142 -10 Kanaksi Gokaldas 5,300 Khimji Ramdas Retailing - Muscat 3 795
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Khimji & Family
143 NewAdani Vinodbhai
Shantilal5,200
Adani
EnterprisesDiversified Dubai 3 780
144 -39Murli Dhar Gyan
Chandani & Family5,100 RSPL FMCG 67 Kanpur 5 765
144 -39Bimal Gyan
Chandani & Family5,100 RSPL FMCG 56 Kanpur 5 765
144 New Arvind Lal & Family 5,100 Dr Lal PathLabs Healthcare 67 New Delhi 3 765
144 -19 SD Shibulal 5,100 Infosys Software & Services 61 Bangalore 4 765
148 13 TT Jagannathan 5,000 TTK Prestige Consumer Durables 68 Bangalore 3 750
148 40
Kochouseph
Chittilappilly &
Family
5,000 V guard Consumer Durables 66 Kochi 4 750
148 40Ashok Kumar
Kajaria & Family5,000 Kajaria
Construction
Materials69 New Delhi 4 750
148 NewSudhir Valia &
Family5,000 Sun Pharma Pharmaceuticals 60 Mumbai 4 750
148 -28Jasminder Singh &
family5,000 Edwardian
Hotels &
Restaurants65 Berkshire 3 750
153 -28 Shishir Bajaj 4,900 Bajaj Hindustan FMCG 68 Mumbai 3 735
153 -104 Murali Divi* 4,900 Divi's Lab Pharmaceuticals 64 Hyderabad 4 735
153 -23Satyanarayan
Nandlal Nuwa4,900 Solar Industries
Chemicals &
Petrochemicals64 Nagpur 5 735
156 -24 Virendra Mhaiskar 4,800 IRB InfraConstruction &
Engineering47 Mumbai 3 720
156 -10 Arun Bharat Ram 4,800 SRF Textiles, Apparels &
Accessories76 New Delhi 3 720
156 -21Satish Ramanlal
Mehta4,800 Emcure Pharmaceuticals 65 Pune 4 720
159 2 Kishore Biyani 4,700 Future Group Retailing 55 Mumbai 4 705
159 -4 Atul Chordia 4,700 Panchshil Realty Realty 50 Pune 4 705
159 -4 Sagar Chordia 4,700 Panchshil Realty Realty 50 Pune 4 705
159 New P Pitchi Reddy 4,700
Megha
Engineering &
Infrastructures
Construction &
Engineering59 Hyderabad 4 705
163 -116 Malvinder Singh 4,600 Fortis
HealthcareHealthcare 43 New Delhi 3 690
163 -116 Shivinder Singh 4,600 Fortis Healthcare 41 New Delhi 3 690
18F Tower One, Enterprise Center, 139 Huakang Road, Shanghai, China 200070+86-21-5010 5808 www.hurun.net
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Healthcare
165 -10Ramachandra N
Galla & Family4,500
Amara Raja
Battery
Automobiles & Auto
Components78 Hyderabad 4 675
165 New P V Krishna Reddy 4,500
Megha
Engineering &
Infrastructures
Construction &
Engineering47 Hyderabad 4 675
165 -15Niranjan
Hiranandani4,500 Hiranandani Realty 65 Mumbai 4 675
165 -5 Rajiv Poddar 4,500 BalkrishnaAutomobiles & Auto
Components31 Mumbai 3 675
169 10 Dinesh Nandwana 4,400 Vakranjee
SoftwareSoftware & Services 52 Mumbai 4 660
170 New P Prathap Reddy 4,300 Penna Cement
Industries
Construction
Materials58 Hyderabad 4 645
171 NewNityananda Reddy &
Family4,200
Aurobindo
PhrmaPharmaceuticals 58 Hyderabad 4 630
172 -28
Sanjeev
Bikhchandani &
Family
4,100 Info Edge India Software & Services 52 New Delhi 4 615
172 -32 Onkar Kanwar 4,100 Apollo TyresAutomobiles & Auto
Components72 Gurgaon 3 615
172 -34 Keshub Mahindra 4,100 Mahindra &
Mahindra
Automobiles & Auto
Components92 Mumbai 3 615
172 -91 VG Siddhartha 4,100 Café Coffee DayHotels &
Restaurants57 Bangalore 4 615
176 29Atul Chandrakant
Kirloskar & Brothers4,000
Kirsloskar Oil
EngineCapital Goods 60 Pune 3 600
176 -85 Hemendra Kothari 4,000 DSP BlackRock Investments 70 Mumbai 4 600
178 22 Shashi Kiran Shetty 3,900 Allcargo
LogisticsTransport Services 57 Mumbai 4 585
178 18 Nimesh Kampania 3,900 JM Financials Financial Services 70 Mumbai 4 585
178 1 M Prabhakara Rao 3,900 Nuziveedu
Seeds
Agricultural
Products57 Hyderabad 3 585
178 New K Kumar 3,900 Shakti Bhog
FoodsFMCG 63 New Delhi 4 585
178 -32 Shyam Bhartia 3,900 Jubilant Life
Science
Hotels &
Restaurants64 New Delhi 4 585
178 -32 Hari Bhartia 3,900 Jubilant Life Hotels & 59 New Delhi 4 585
18F Tower One, Enterprise Center, 139 Huakang Road, Shanghai, China 200070+86-21-5010 5808 www.hurun.net
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Science Restaurants
184 -117 Ratan Tata* 3,800 Tata Sons Diversified 79 Mumbai 3 570
184 -21 MP Ramachandran 3,800 Jyothy
LaboratoriesFMCG 69 Mumbai 5 570
184 12Mahendra Mohan
Gupta & Family3,800
Jagran
PrakashanMedia 75 Kanpur 5 570
184 26 Naresh Goyal 3,800 Jet Airways Transport Services 67 Mumbai 4 570
184 -9 Atul Ruia 3,800 Phoenix Mills Realty 45 Mumbai 3 570
189 -10Yadupati Singhania
& Family3,600 J K Cements
Construction
Materials62 New Delhi 3 540
190 -119 Swraj Paul 3,500 Caparo Automobiles & Auto
Components85 London 4 525
191 32 PVN Raju 3,400 Gland Pharma Pharmaceuticals - Hyderabad 4 510
191 32Prakash P Chhabria
& Family3,400
Finolex
industriesConsumer Durables 53 Pune 5 510
191 19Sandeep Pravinbhai
Engineer3,400 Astral Poly Tech
Construction
Materials55 Ahmedabad 3 510
191 NewRameshchandra T
Jain3,400
Bhilosa
Industries
Textiles, Apparels &
Accessories68 Mumbai 4 510
195 -40 Premchand Godha 3,300 IPCA
LaboratoriesPharmaceuticals 69 Mumbai 4 495
195 -57Murli Kewalram
Chanrai3,300
Kewalram
chanrai Trading 93 - 3 495
195 New Nitin Raojibhai Desai 3,300 Desai Brothers FMCG 73 Pune 3 495
195 -4Dhruv M Sawheny &
Family3,300 Triveni Turbines Capital Goods 71 New Delhi 4 495
199 -59 Sudhir Hasija* 3,200 KarbonnTelecommunications
Equipment57 Bangalore 4 480
199 38 SP Oswal 3,200 Vardhman
Textiles
Textiles, Apparels &
Accessories73 Ludhiana 3 480
199 -20Kamal Kishore
Gupta*3,200 Omkar Realtors Realty 57 Mumbai 3 480
199 NewBabulal Mulchand
Varma3,200 Omkar Realtors Realty 46 Mumbai 4 480
203 New KK Modi 3,100 Godfrey Phillips
IndiaFMCG 76 New Delhi 3 465
203 -78Jawaharlal
Gangaramani3,100 Al Fara
Construction &
Engineering- Abu Dhabi 4 465
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Page 31 of 41
203 -16 Balram Garg 3,100 PC Jeweller Jewellery 46 Delhi 4 465
203 -7 Jahangir Wadia 3,100 Go Air Transport Services 42 Mumbai 3 465
203 -57 Yogesh Mehta 3,100 Petrochem ME Trading - Dubai 5 465
203 51 Ajay Kalsi 3,100 Indus Gas Oil & Gas 54 New Delhi 4 465
209 -139 Sanjay Singal 3,000 Bhushan Power
& SteelMetals & Mining 56 New Delhi 3 450
209 -16 Raghav Bahl 3,000 TV 18 Broadcast Media 55 Noida 4 450
209 10 Bhavish Aggarwal 3,000 Olacabs Technology 30 Mumbai 4 450
209 New Bhavin Turakhia 3,000 Directi Web
ServicesTechnology 36 Mumbai 4 450
209 New Divyank Turakhia 3,000 Directi Web
ServicesTechnology 35 Mumbai 4 450
214 23 Hari Om Rai 2,900 Lava
International
Telecommunications
Equipment48 New Delhi 4 435
214 New Anurang Jain 2,900 Endurance
Technologies
Automobiles & Auto
Components54 Aurangabad 4 435
214 -5
Rajendra
Chandrakant Gogri
& Family
2,900 Aarti Industries Chemicals &
Petrochemicals56 Mumbai 4 435
214 -40Chandramogan RG
& Family2,900 Hatsun Agro FMCG 67 Sivakasi 5 435
218 -8
Ramprakash V Bu
a & Family
2,800 Sharda
Cropchem
Chemicals &
Petrochemicals69 Mumbai 4 420
218 5 Abhay Firodia 2,800 Force MotorsAutomobiles & Auto
Components71 Pune 3 420
218 -55 Motilal Oswal* 2,800 Motilal Oswal Financial Services 54 Mumbai 4 420
218 -68 Tom Singh 2,800 New Look Retailing 67 Weymouth 4 420
218 -13Prithvi Raj Singh
Oberoi2,800
East India
Hotels
Hotels &
Restaurants87 New Delhi 3 420
223 New Dilip Surana 2,700 Micro Labs Pharmaceuticals 50 Bangalore 3 405
223 New Anand Surana 2,700 Micro Labs Pharmaceuticals 45 Bangalore 3 405
223 -7Ramesh S
Ramakrishnan2,700 Transworld Transport Services - Dubai 4 405
223 -91Ramesh Kumar Dua
& Family*2,700
Relaxo
Footwear
Textiles, Apparels &
Accessories62 New Delhi 3 405
223 -13 Rahul Dhanuka 2,700 Dhanuka
Agritech
Chemicals &
Petrochemicals41 Gurgaon 4 405
18F Tower One, Enterprise Center, 139 Huakang Road, Shanghai, China 200070+86-21-5010 5808 www.hurun.net
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223 NewRaamdeo Ramgopal
Agrawal 2,700 Motilal Oswal Financial Services 60 Mumbai 4 405
223 -111MG George Muthoot
& Family*2,700 Muthoot Finance Financial Services 67 New Delhi 3 405
223 NewGeorge Alexander
Muthoot & Family2,700 Muthoot Finance Financial Services 61 Ernakulam 3 405
223 NewGeorge Jacob
Muthoot & Family2,700 Muthoot Finance Financial Services 64 Trivandrum 3 405
223 NewGeorge Thomas
Muthoot & Family2,700 Muthoot Finance Financial Services 66 Kottayam 3 405
223 -48 Venugopal Dhoot 2,700 Videocon Consumer Durables 65 Mumbai 3 405
234 -57 Naresh Trehan 2,600 Medanta
MedicityHealthcare 70 New Delhi 4 390
234 New Sophie Ahmed 2,600 Cipla Pharmaceuticals - Mumbai 3 390
234 -43 Ranjit Puri & Family 2,600 Isgec Heavy
Engineering Capital Goods 76 Noida 4 390
234 New Kapil Bhatia 2,600 Interglobe
AviationTransport Services 84 New Delhi 4 390
234 14Thomas John
Muthoot & Family2,600 Muthoot Fincorp Financial Services 54 Kochi 3 390
239 -34Vijay Sankeshwar &
Family2,500 VRL Logistics Transport Services 66 Hubli 4 375
239 NewBhikhabhai
Popatbhai Virani2,500 Balaji Wafers FMCG 63 Rajkot 3 375
239 -203 Dhiraj Rajaram* 2,500 Mu Sigma Software & Services 41 Bangalore 4 375
239 NewAmbiga
Subramanian2,500 Mu Sigma Software & Services - Bangalore 4 375
239 -39Vishnubhai M Patel
& Family2,500
Sadbhav
Engineering
Construction &
Engineering74 Ahmedabad 4 375
239 -46MAMR Muthiah &
Family2,500
Chettinad
Cement
Construction
Materials44 Chennai 3 375
239 -16
Mohan Anand
Chandavarkar &
Family
2,500 F D C Pharmaceuticals 80 Mumbai 3 375
239 -76 Rahul Sharma 2,500 MicromaxTelecommunications
Equipment41 Gurgaon 4 375
239 -76 Rajesh Agarwal 2,500 MicromaxTelecommunications
Equipment51 Delhi 4 375
18F Tower One, Enterprise Center, 139 Huakang Road, Shanghai, China 200070+86-21-5010 5808 www.hurun.net
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239 -76 Sumeet Kumar 2,500 MicromaxTelecommunications
Equipment41 Delhi 4 375
239 -76 Vikas Jain 2,500 MicromaxTelecommunications
Equipment41 Delhi 4 375
239 -34Kapil Wadhawan &
Family2,500
Dewan Housing
Finance
Corporation
Financial Services 42 Mumbai 3 375
251 -2Shantilal J Mehta &
Family2,400
Navkar
Corporation Transport Services 62 Mumbai 4 360
251 -63 Amit Jatia & Family 2,400
Westlife
Development
(McDonald's
India)
Hotels &
Restaurants48 Mumbai 3 360
251 -17 Rohtas Goel 2,400 Omaxe Realty Realty 54 Delhi 4 360
254 -44 Padam chand Gupta 2,300 PC Jeweller Jewellery 69 Delhi 4 345
254 -35 Kunal Bhal 2,300 Snapdeal Retailing 32 Delhi 4 345
254 NewMustafa Khwaja
Hamied2,300 Cipla Pharmaceuticals 76 Mumbai 3 345
257 -61Nishita Shah
Federbush & Family2,200
Precious
ShippingTransport Services 36 Bangkok 3 330
257 NewRustom G Joshi &
Family2,200 VVF India FMCG 63 Mumbai 3 330
257 -94Anand Suresh
Deshpande & family2,200
Persistent
Systems Technology 54 Pune 4 330
257 New Vinod Saraf 2,200 Vinati OrganicsChemicals &
Petrochemicals66 Mumbai 4 330
257 NewSaroj Kumar Poddar
& Family2,200 Texmaco
Construction &
Engineering71 Kolkata 3 330
257 -133Puranmal Bansal &
Family2,200 MD Overseas Trading 86 New Delhi 5 330
263 NewRaja Mohan Rao
Potluri2,100
Karbonn
Mobiles
Telecommunications
Equipment65 Bangalore 4 315
263 New Mukand Lal Dua 2,100 Relaxo
footwears
Textiles, Apparels &
Accessories67 New Delhi 3 315
263 -40 Kunwer Sachdev 2,100 Su Kam Consumer Durables 53 New Delhi 3 315
263 New Sushil Jhunjhunwala 2,100 La Opala R G Consumer Durables 66 Kolkata 4 315
263 New Anil Gupta 2,100 Wellknown
Polyesters
Textiles, Apparels &
Accessories52 Mumbai 4 315
18F Tower One, Enterprise Center, 139 Huakang Road, Shanghai, China 200070+86-21-5010 5808 www.hurun.net
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263 New C Visweswara Rao 2,100 Navayuga
Engineering
Construction &
Engineering69 Hyderabad 4 315
263 -26 Rita Kumari 2,100 DS FMCG 49 Noida 3 315
263 -26 Sunita Gupta 2,100 DS FMCG 53 Noida 3 315
263 -26 Rajiv Kumar 2,100 DS FMCG 62 Noida 3 315
263 -26 Ravinder Kumar 2,100 DS FMCG 48 Noida 3 315
263 NewArokiaswamy
Velumani2,100
Thyrocare
TechnologiesHealthcare 58 Mumbai 4 315
263 -9Arun Kumar Gupta &
Family2,100 KRBL FMCG 47 Noida 3 315
263 New B Prabhakaran 2,100 Thriveni
EarthmoversMetals & Mining 43 Salem 4 315
263 -63 B Soundararajan 2,100 Suguna Foods FMCG 54 Coimbatore 5 315
263 -63 GB Soundarajan 2,100 Suguna Foods FMCG - Coimbatore 5 315
263 New
Vasant
Laxminarayan Rathi
& Family
2,100
Advanced
Enzyme
Technologies
Chemicals &
Petrochemicals68 Yorba Linda 3 315
279 -69 Tulsi Tanti 2,000 Suzlon Capital Goods 58 Pune 4 300
279 New Devi Prasad Shetty 2,000 Narayana
HrudayalayaHealthcare 63 Bangalore 4 300
279 -25Ramasubrahmaneya
Rajha2,000 Ramco Cements
Construction
Materials80 Chennai 3 300
279 -42Nirmal Bhanwarlal
Jain2,000 IIFL Holdings Financial Services 49 Mumbai 4 300
279 -50 Inder Jaisinghani 2,000 Polycab Consumer Durables 63 Delhi 4 300
279 -50 Ajay Jaisinghani 2,000 Polycab Consumer Durables 64 Delhi 4 300
279 -50 Ramesh Jaisinghani 2,000 Polycab Consumer Durables 60 Delhi 4 300
279 -50 Giridhar Jaisinghani 2,000 Polycab Consumer Durables 72 Delhi 4 300
287 New Shakuntala Shetty 1,900 Narayana
HrudayalayaHealthcare - Bangalore 4 285
287 New C K Ranganathan 1,900 Cavinkare FMCG 56 Chennai 4 285
287 -33 Dilip Suryavanshi 1,900 Dilip BildconConstruction &
Engineering59 Bhopal 4 285
287 -94 Shahrukh Khan 1,900 Red Chillies
EntertainmentMedia 50 Mumbai 5 285
287 -124 Chandu Virani* 1,900 Balaji Wafers FMCG 59 Rajkot 5 285
287 NewKanjibhai potabhai
Virani1,900 Balaji Wafers FMCG 54 Rajkot 3 285
18F Tower One, Enterprise Center, 139 Huakang Road, Shanghai, China 200070+86-21-5010 5808 www.hurun.net
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287 New C Satyanarayana 1,900 Laurus Lab Pharmaceuticals 55 Hyderabad 4 285
287 -103Kishore Lulla &
Family1,900
Eros
International
Media
Media 55 Mumbai 3 285
287 -103 Vijay Ahuja & Family 1,900
Eros
International
Media
Media 59 Mumbai 3 285
287 NewAshok Mohan
Advani1,900 Bluestar Consumer Durables 74 Mumbai 3 285
287 -71 GSK Velu 1,900 Trivitron
HealthcareHealthcare 47 Chennai 4 285
287 -58Rashesh
Chandrakant Shah 1,900
Edelweiss
Capital Financial Services 53 Mumbai 4 285
287 New Ajit Abraham Isaac 1,900 Quess Corp Other Services 49 Bangalore 4 285
287 NewPrahlad Rai Agarwal
& Family1,900
Rupa &
Company
Textiles, Apparels &
Accessories78 Kolkata 3 285
287 -50 Shobhana Bhartia 1,900 HT Media 58 New Delhi 3 285
287 New Kamal Somani 1,900 SPA Securities Financial Services 61 Mumbai 4 285
287 New Sandeep Parwal 1,900 SPA Securities Financial Services 51 Delhi 4 285
304 New Kishore Chhabria 1,800 Allied Blenders
And DistillersFMCG 62 Mumbai 4 270
304 New Ashok Minda 1,800 Minda
Corporation
Automobiles & Auto
Components55 New Delhi 3 270
304 NewVishal Ajitbhai
Mehta1,800 Infibeam Retailing 42 Ahamedabad 4 270
304 -55Avinash Jain &
Family1,800 Arise India Consumer Durables 45 Delhi 4 270
304 -67 Vishal Segal 1,800 Lava
International
Telecommunications
Equipment48 Delhi 4 270
304 -67 Sunil Bhalla 1,800 Lava
International
Telecommunications
Equipment- Noida 4 270
304 -70 Suresh G Kare 1,800 Indoco
RemadiesPharmaceuticals 77 Mumbai 3 270
304 -67 Paul P john 1,800 Paul Distilleries FMCG - - 4 270
304 -125 GV Bhaskar Rao 1,800 Kaveri SeedAgricultural
Products64 Secunderabad 4 270
304 New Shantaben P Jain 1,800 Kewal Kiran
Clothing
Textiles, Apparels &
Accessories- 1 270
18F Tower One, Enterprise Center, 139 Huakang Road, Shanghai, China 200070+86-21-5010 5808 www.hurun.net
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304 -46Sajjan Bhajanka &
Family1,800
Century
PlyboardForest Materials 64 Kolkata 4 270
304 -70 Karan Thapar 1,800 Greaves Cotton Capital Goods 59 Mumbai 3 270
316 New Vijay S Nair 1,700 Visen IndustriesChemicals &
Petrochemicals61 Mumbai 4 255
316 -97 AM Arun 1,700 Vasan Eye Care Healthcare 47 Tiruchirappalli 4 255
316 -93Venkateswarlu Jasti
& Family1,700
Suven Life
SciencesPharmaceuticals 67 Hyderabad 4 255
316 New Sanjay Dhingra 1,700 Kwality FMCG 45 Delhi 3 255
316 New Haris Bagla 1,700 Amrit Feeds FMCG 45 Kolkata 4 255
316 New Sumant J Patel 1,700 NescoConstruction &
Engineering81 Mumbai 3 255
316 New Anjan Malik 1,700 Eclerx Services Software & Services 46 London 4 255
316 NewPriyadarshan
Mundhra1,700 Eclerx Services Software & Services 43 Mumbai 4 255
316 -100Bharat Hari
Singhania & Family1,700 JK Organistation Diversified 77 New Delhi 3 255
316 New Rajinder Gupta 1,700 TridentGroupTextiles, Apparels &
Accessories57 Ludhiana 4 255
316 -67Bharat Kanaiyalal
Sheth & Family1,700
Great Eastern
ShippingTransport Services 58 Mumbai 3 255
316 -97 Jaiprakash Gaur 1,700 JP AssociatesConstruction &
Engineering85 New Delhi 4 255
316 NewKedar Ramesh Vaze
& Family1,700
SH Kelkar &
Company
Chemicals &
Petrochemicals42 Mumbai 3 255
316 -67Sanjay Agarwal &
Family1,700
Century
PlyboardForest Materials 55 Kolkata 4 255
316 New Ravi B Goyal 1,700 AGS Transact
Hardware
Technology &
Equipment
51 Mumbai 4 255
316 NewJanmejay Rajnikant
Vyas1,700
Dishman
Pharmaceuticals
& Chemicals
Pharmaceuticals 65 Ahamedabad 4 255
316 NewPadam Prakash
Gupta1,700
Techno Electric
and EngineeringCapital Goods 67 Kolkata 4 255
316 NewAmarchand Ramji
Gala & Brothers1,700
Navneet
EducationMedia 84 Mumbai 4 255
334 -157 Karan Paul & family 1,600 Appejay FMCG 47 Kolkata 3 240
18F Tower One, Enterprise Center, 139 Huakang Road, Shanghai, China 200070+86-21-5010 5808 www.hurun.net
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Surender
334 NewOmprakash Inani &
Family1,600 Shilpa Medicare Pharmaceuticals 65 Raichur 4 240
334 NewRamu Raman
Agarwal & family1,600
Shubhalakshmi
Polyesters
Textiles, Apparels &
Accessories67 Mumbai 3 240
334 NewHrishikesh A
Mafatlal & Family1,600
Navin Fluorine
International
Chemicals &
Petrochemicals62 Mumbai 3 240
334 -85Prakash M Sanghvi
& Family1,600
Ratnamani
SteelsCapital Goods 60 Ahmedabad 3 240
334 NewShyam Sunder
Jindal 1,600
Jindal Poly
Films
Chemicals &
Petrochemicals49 Delhi 3 240
* 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.
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.
18F Tower One, Enterprise Center, 139 Huakang Road, Shanghai, China 200070+86-21-5010 5808 www.hurun.net
Page 38 of 41
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.
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.
18F Tower One, Enterprise Center, 139 Huakang Road, Shanghai, China 200070+86-21-5010 5808 www.hurun.net
Page 39 of 41
For the full details, please refer to on www.hurun.net.
For media enquiries, please contact
Akshita MadanAssociate
Mobile: +91 9847587766Email: [email protected]
18F Tower One, Enterprise Center, 139 Huakang Road, Shanghai, China 200070+86-21-5010 5808 www.hurun.net
Page 40 of 41
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.
18F Tower One, Enterprise Center, 139 Huakang Road, Shanghai, China 200070+86-21-5010 5808 www.hurun.net
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