Millionaires of India 2003

8/9/2019 Millionaires of India 2003

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MILLIONAIRES OF INDIA

Introduction:

Hard work never fails,this is the quote behind allthe millionaires in India and sometimes Luck too plays the fortune for

bigheads but not always.Whatever it may be according to an analysis by the

World Economic Forum the Indian economy ranks at number 50 in the

Growth Competitiveness Index. Fourteen Indians qualified as billionaires,

while 178 entries are brand new to the list of 946 people who qualify as

billionaires.Here we are about to see the Indians who are the richest amongthe worlds Richie richs.

The Top Ten Richest Indian :

No #1 Lakshmi Mittal

Age: 55

Net Worth: $20.0 billion

Born in a remote village, he got his start when his

family moved to Calcutta and opened a small steel mill.

He has a personal stake of 87.4 percent in the $22

billion (2004 sales) Mittal Steel. A double-digit drop in

U.S and European steel prices led to a 64% fall in third-

quarter profits; the past 9 months down only 13%. He recently bought

Ukraine's largest steelmaker in a televised auction. After winning the battle

for rival Arcelor in June last year, the $34 billion merger created an industry

behemoth that now accounts for more than10% of the worlds steel

production.

No # 2 Azim PremjiAge: 60

Net Worth: $ 11.0 billion

One of the pioneers of the Indian outsourcing

phenomenon, Premji got his major break in 1978 when

IBM pulled out of India. He runs technology service

giant, Wipro, which has been on a buying spree, picking


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up firms like Finnish telecom software outfit, Saraware, and Portuguese

retail software group Enabler. He owns 82% of New York-listed Wipro,

India's third-largest software exporter. His clients include Nokia, Microsoft

and Prudential. Wipro lost a few key executives this year, including Vice

Chairman, Vivek Paul. Bangalore Tiger, a book on Wipros rise, waspublished recently. Premji claims that his ancient Ford Escort is his lucky

car.

No #3 Mukesh Ambani

Age: 48


A feud with brother Anil ended this June after their

mother brokered a settlement, which is awaiting court

approval. Mukesh will maintain control of $16 billion

(sales) Reliance Industries, the petrochemicals majorwhose stock is up more than 40% since the

announcement. Primed for a global footprint in the retail business, Mukesh

Ambanis Reliance Group is talking to French retail major, Carrefour, and

other global players to acquire a controlling stake and reach out to

international consumers with its basket of Indian food produce.

No #4 Anil Ambani

Age: 46


After the split with his brother, Anil now runs the newly

christened, Anil Dhirubhai Ambani Enterprises Group,

an offshoot of the Reliance empire, with interests in

telecom, energy and financial services. He has been

making high-profile acquisitions, mainly in

entertainment and insurance. His was the worlds fastest-growing multi-

billion dollar fortune in percentage terms as his wealth tripled in just one

year. Anil is Chairman of Reliance Capital and Reliance Communication and

Chairman and Managing Director of Reliance Energy. His personal stake in

Reliance Communication is 66%. He was chosen as the CEO of the Year at

the prestigious Platts Global Energy Awards for 2004.

No #5 Kushal Pal Singh

Age: 74


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Former army officer turned property baron, Kushal Pal Singh joined his

father-in-law's company, Delhi Land & Finance in 1971. He built Gurgaon,

his showpiece township on the outskirts of Delhi, by acquiring chunks of land

from farmers. Today the DLF group, run by son Rajiv, with daughter Piaoverseeing retail projects, is India's biggest real estate developer. The DLF

Group has already developed over 35 million sq. ft. of projects across its

three key businesses of residential, commercial and retail. This group has

already secured/identified close to 250 million sq.ft. of projects for

development with ongoing projects of 100 million sq.ft.

No #6 Sunil Mittal

Age: 48


Sunil Mittal, Founder, Chairman and Managing Directorof Bharati Group can be labeled as the most ambitious

telecom entrepreneur in India. His rise from a small

bicycle business with borrowed capital to the CMD of

Bharati Group was ridden with hurdles. The turning

point came in the year 1992 when the Indian Government was awarding

licenses for mobile telephone services for the first time. One of the

conditions for the Delhi Cellular Service was the bidder had to have some

experience as a telecom operator. Mittal clinched a deal with French telecom

operator Vivendi. Two years later he secured the rights to serve New Delhi.In 1995, Bharati Cellular Limited was formed to offer cellular services under

the brand name AirTel. In 10 years, he has built the Bharti Group into

India's largest mobile phone operator, with 14 million customers. Vodafone

bought a 10% stake in Bharti Televenture, his joint venture with Singtel, for

$1.5 billion in October. The group is now partnering with Axa in a new

insurance venture.

No #7 Kumar Birla

Age: 38


Kumar Mangalam Birla, Chairman of AV Birla Group, is


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scaling up his international operations. He is the fourth-generation head of

$7.6 billion (sales) Aditya Birla Group, a commodities powerhouse named

after his late father. He announced the merger of his fertilizer, finance and

textile companies to create Aditya Birla Nuvo. While the exact details of his

global expansion program are not known, the broad contours includeacquiring a third copper mine in Australia after Nifty and Mount Gordon,

putting up a Greenfield acrylic fiber facility in Egypt, enhancing the

Alexandria Carbon Black Operation also in Egypt, exploring the possibility of

making another acquisition in China and pump priming Birla Copper to global

scale in the foreseeable future. Today 30% of the groups turnover comes

from overseas operations.

No #8 Tulsi Tanti

Age: 47

Net Worth: $ 3.7 billionTulsi Tanti is the Chairman of Suzlon Energy Ltd., which

deals in wind energy. He is one of those first time

entrepreneurs who saw potential in an inchoate idea,

ventured into it, and made it big. In 1990 Tulsi Tanti

invested in two windmills and realized its huge

potential. Faced with escalating power costs, this former textile producer

moved into wind energy a decade ago, eventually building Asia's largest

wind farm and the worlds sixth largest wind energy company. In October he

listed Suzlon Energy, in which he and his three siblings own 70%. Thecompany is expanding into the U.S., China and Australia.

No #9 Pallonji Mistry

Age: 76


Pallonji Shapoorji Mistry, often described as being

media shy, is a construction tycoon. His employees call

him the man with no faults while his friends call him

humble. This secretive construction magnate is the

biggest shareholder in Tata Sons, a holding company

that has a big stake in India's largest software company, Tata Consultancy

Services. Today Pallonji owns 18.35% stake of Tata Sons, while Ratan Tata

himself owns less than a percent. When TCS went public, Pallonji was the

biggest beneficiary, netting more than even the Tata companies. He also

owns direct selling outfit, Eureka Forbes, the subject of a Harvard case


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study. Now his firm has moved into road construction and finally at the end

of last year he was been given a contract to build a stadium in Guyana,

South America.

No #10 Anurag Dikshit

Age: NA


The richest man in Gibraltar and the 207th richest on

the planet is co-founder of Party Gambling, the parent

company of the worlds leading online poker site,

Partypoker.com. He is one of the youngest billionaires

in the world, owning 30.4% of Internet casino company

PartyGaming, which went public in London in June. He has a degree in

computer science and engineering from the Indian Institute of Technology in

Delhi. In 1998, at age 25, he began working with the then 1-year-oldcompany. He eventually wrote the betting software that enabled gamblers

around the world to play one another in poker. Today he manages the

Gibraltar company's operations.

Top 10 Richest Indians as per Forbes List

2009 :

The global financial crisis has hit the subcontinent hardthe wealthiest

Indians are worth 60% less than the year ago.The total net worth fell $212

billion to $139 billion,down from $351 billion a year ago.The Top 10 Indias

wealthiest persons as per Forbes,US magazine is listed below:

1 Mukesh Ambani

2 Lakshmi Mittal

3 Anil Ambani

4 Sunil Mittal

5 Kushal Pal Singh

6 Shashi & Ravi Ruia

7 Azim Premji
http://taleindia.blogspot.com/2009/04/mukesh-ambani-born-april-19-1957-in.htmlhttp://taleindia.blogspot.com/2009/07/anil-ambani-indias-richest-businessman.htmlhttp://taleindia.blogspot.com/2009/04/mukesh-ambani-born-april-19-1957-in.htmlhttp://taleindia.blogspot.com/2009/07/anil-ambani-indias-richest-businessman.html


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8 Kumar Birla

9 Adi Godrej

10 Gautam Adani

The personalities who were not discussed previously,

6.Shashi & Ravi Ruia

Net Worth : $7.6 billion

Age : 64

Brothers Essar Groups most valuable asset is 33% stake in mobile phone

operator Vodafone Essar,Indias third largest.Also own 8% in rival telecomfirm BPL mobile. Lost out to Russian firm Severstal in bid for steelmaker

Esmark this year. Other holdings in shipping, oil, construction, power.

9.Adi Godrej


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Net Worth : $4 billion

Age : 66

Third generation head ofGodrej Group,

a consumer products conglomerate which makes locks, soaps, mosquito

repellants, furniture and foods. In major image makeover, group logo

was changed for the first time since it was founded 111 years ago.

Following the easing of decades-old land ownership restrictions, Godrej

has outlined ambitious plans to develop family's 3,500 acre estate in

suburban Mumbai. Son Pirojsha, a Columbia grad, works in property arm.

10.Gautam Adani
http://www.godrejinds.com/about_us/godrej_group.htmhttp://www.godrejinds.com/about_us/godrej_group.htm


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Net Worth : $3.9 billion

Age : 46

Dropped out of college to start a trading outfit 20 years ago. Now his Adani

Enterprises

has interests in edible oils, power, infrastructure. Owns Mundra Port,

India's largest in private sector. Fishermen recently took Adani to

court over special economic zone he's building on western coast; court

ruled in his favor. Plans to list power subsidiary are delayed.

Top 50 CEOs in India :

Top 50 Indian CEOsPosted by newagemedia.

Below is the list of India Incs most powerful CEOs as per thesurvey conducted byEconomics Times, Indias premier finacial newspaper.CEO Company 2006 2005

N.R. Narayana Murthy Infosys Technologies 1 1Ratan Tata Tata Group 2 3

Mukesh Ambani Reliance Industries 3 2

Nandan M Nilekani Infosys Technologies 4 6Azim Hasham Premji Wipro 5 5Anil Ambani Reliance ADAG 6 12

Vijay Mallya UB Group 7 8

Sunil Mittal Bharti Enterprises 8 9K.V. Kamath ICICI Bank 9 4

Kumar Mangalam Birla AV Birla Group 10 9

Rahul Bajaj Bajaj Auto 11 7
http://www.adanigroup.com/http://www.adanigroup.com/http://newagemedia.wordpress.com/top-50-indian-ceos/http://economictimes.indiatimes.com/Magazines/Corporate_Dossier/India_Incs_most_powerful_top_10_CEOs/articleshow/1797092.cmshttp://economictimes.indiatimes.com/Magazines/Corporate_Dossier/India_Incs_most_powerful_top_10_CEOs/articleshow/1797092.cmshttp://economictimes.indiatimes.com/Magazines/Corporate_Dossier/India_Incs_most_powerful_top_10_CEOs/articleshow/1797092.cmshttp://www.adanigroup.com/http://www.adanigroup.com/http://newagemedia.wordpress.com/top-50-indian-ceos/http://economictimes.indiatimes.com/Magazines/Corporate_Dossier/India_Incs_most_powerful_top_10_CEOs/articleshow/1797092.cmshttp://economictimes.indiatimes.com/Magazines/Corporate_Dossier/India_Incs_most_powerful_top_10_CEOs/articleshow/1797092.cms


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Rajiv Bajaj Bajaj Auto 12 13

S Ramadorai TCS 13 15

Chanda Kochhar ICICI Bank 14 NAG.R. Gopinath Air Deccan 15 19

Deepak S Parikh HDFC 16 11

Jagdish Kattar Maruti Udyog 17 16Anand G Mahindra Mahindra & Mahindra 18 28

Naresh Goyal Jet Airways 19 25

Adi B Godrej Godrej Group 20 18Subhash Chandra Zee Telefilms 21 20

Brij Mohan Lall Munjal Hero Group 22 22

Naina Lal Kidwai HSBC India 23 45

Sameer Nair Start TV India 24 NAA.M. Naik Larsen & Toubro 25 32

Shiv Nadar HCL Technologies 26 26

Y.V. Reddy Reserve Bank of India 27 42

Uday Kotak Kotak Mahindra Bank 28 31O.P. Bhatt State Bank of India 29 NA

B Ramalinga Raju Satyam Computers 30 41K Anji Reddy Dr Reddys Lab 31 24

Kiran Mazumdar-Shaw Biocon 32 23

Gautam Singhania Raymonds 33 52

B Muthuraman Tata Steel 34 60Rajeev Bakshi PepsiCo India 35 59

Kishore Biyani Pantaloon Retail 36 39

A.K.Sinha BSNL 37 44Yogesh C Deveshwar ITC 38 27

Venu Srinivasam TVS Motors 39 21

Suresh Krishna Sundaram Fastners 40 38Renuka Ramnath ICICI Ventures 41 35

Asim Gosh Hutch 42 47

Sanjay Nayar Citigroup India 43 66Shankar Annaswamy IBM 44 NA

Malvinder Singh Ranbaxy 45 NA

M Damodaran SEBI 46 43

S.P.Hinduja Hinduja Group 47 61Ravi Venkatesan Microsoft India 48 52

Aditya Puri HDFC Bank 49 30

Karsanbhai Patel Nirma 50 67

Thus India has large of successful persons behind its growth in world

economy.


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Millionaires of India 2003