Top 10 Richest Indian Tycoons in 2024

Discover the incredible wealth and notable accomplishments of the 10 richest Indian tycoons in 2024, each excelling in diverse industries.

Top 10 Richest People in India in 2024

These individuals have assisted in creating jobs and driving innovation.

Among the richest Indians, there are some of the world’s most successful and influential business magnates.

These individuals have not only amassed significant wealth but have also made substantial contributions to the Indian economy and society.

Being rich in India offers numerous advantages, including financial security, access to opportunities and the ability to make a significant impact on society.

However, it also comes with its own set of challenges, such as social expectations, security concerns, and navigating the economic and political environment.

Here are some of the richest people in India in 2024.

Mukesh Ambani

With a net worth of £91.6 billion, Mukesh Ambani has a major influence on the country and the world.

He achieved a Bachelor of Chemical Engineering from the Institute of Chemical Technology (ICT), Mumbai.

Ambani dropped out of an MBA at Stanford University to help his father build Reliance.

As owner of Reliance Industries Limited (RIL), Ambani’s efforts are focused on petrochemicals, refining, oil, telecommunications and retail.

Launched in 2016, Reliance Jio revolutionised the Indian telecommunications industry by offering affordable 4G services.

Jio quickly became one of the largest telecom operators in India.

Reliance Retail is one of the largest retail chains in India, offering a wide range of products from groceries to electronics.

Mukesh Ambani and his wife Nita Ambani are actively involved in philanthropic activities through the Reliance Foundation.

This focuses on areas such as education, healthcare, rural development, and disaster response.

Gautam Adani

Gautam Adani is the chairman of the Adani Group, a multinational conglomerate with diverse business interests.

Under his leadership, the Adani Group has grown to become one of India’s largest business conglomerates, with a net worth of £66.3 billion.

The group operates in a variety of industries, including infrastructure, commodities, power generation and transmission, renewable energy and mining.

Adani Ports and Special Economic Zone Limited (APSEZ) is the largest commercial port operator in India, managing several ports across the country and contributing significantly to India’s maritime trade.

Adani Green Energy Limited (AGEL) is one of India’s largest renewable energy companies, focusing on solar and wind power projects, with a goal to become the world’s largest renewable energy player by 2030.

Adani Power Limited is one of the largest private thermal power producers in India, operating multiple power plants nationwide.

Gautam Adani’s business ventures have had a profound impact on the Indian economy, creating jobs, driving infrastructure development, and contributing to the country’s GDP.

Shiv Nadar

Shiv Nadar is a philanthropist and the founder of HCL Technologies, one of India’s leading IT services companies.

He graduated in electrical and electronics engineering from PSG College of Technology in Coimbatore.

With a net worth of £21.9 billion, Shiv Nadar has made significant contributions to the IT industry and beyond.

Shiv Nadar founded HCL in 1976, initially focusing on hardware.

Under his leadership, HCL transitioned into a global IT services company, offering a wide range of services including software development, IT consulting and business process outsourcing.

Today, HCL Technologies is one of the top IT services companies in the world, operating in over 50 countries and employing more than 150,000 people.

The company has also expanded its capabilities in emerging technologies such as cloud computing, cybersecurity and artificial intelligence.

In addition to his business achievements, Shiv Nadar is a renowned philanthropist.

He established the Shiv Nadar Foundation, which is dedicated to education and social development. The foundation has set up several prestigious educational institutions, including Shiv Nadar University, SSN College of Engineering, and VidyaGyan schools for underprivileged children.

Shiv Nadar’s contributions have had a significant impact on the Indian economy, creating jobs, driving technological innovation, and helping position India as a global IT hub.

Savitri Jindal

Savitri Jindal is renowned for her leadership in the Jindal Group.

he serves as the Chairperson Emeritus of the Jindal Group, which focuses on the steel, power, cement, and infrastructure industries. With a net worth of £26.4 billion, she is the richest Indian woman.

Following the death of her husband, Om Prakash Jindal, in 2005, Savitri Jindal took over the leadership of the Jindal Group.

Under her guidance, the group has continued to grow and diversify, expanding its operations in steel production, power generation, cement manufacturing, and infrastructure development.

Today, the Jindal Group is one of India’s largest steel producers and has a significant presence in various other sectors.

In addition to her business acumen, Savitri Jindal is a prominent political figure. Her political career has been marked by a focus on social welfare, women’s empowerment and infrastructure development.

Savitri Jindal’s leadership has had a significant impact on the Indian economy, particularly in the steel and power sectors.

Dilip Shanghvi

Dilip Shanghvi is a renowned businessman and the founder of Sun Pharmaceuticals, one of the largest pharmaceutical companies in India and the world.

He holds a Bachelor of Commerce degree from the University of Calcutta and has a net worth of £21.1 billion.

Shanghvi founded Sun Pharmaceuticals in 1983 with the vision of providing high-quality, affordable medicines.

The company began with just five products aimed at treating psychiatric ailments and has since grown into a global pharmaceutical giant.

Under his leadership, Sun Pharmaceuticals has expanded its operations to over 100 countries, establishing a strong presence in the United States, India, and emerging markets. The company’s diverse portfolio includes generics, speciality medicines, and over-the-counter (OTC) products.

A significant milestone in the company’s growth was the acquisition of Ranbaxy Laboratories in 2014, which substantially increased Sun Pharma’s market share and global reach.

Dilip Shanghvi is also known for his philanthropic efforts, particularly in education and healthcare.

He has supported various initiatives to improve access to quality education and healthcare services for underprivileged communities.

The Sun Pharma Foundation, the philanthropic arm of Sun Pharmaceuticals, focuses on community development, healthcare, and education.

Sun Pharmaceuticals, one of the largest pharmaceutical companies in India, provides employment to thousands of people and significantly contributes to the country’s GDP.

Cyrus Poonawalla

Cyrus Poonawalla is the founder of the Serum Institute of India, one of the largest vaccine manufacturers in the world.

He holds a Bachelor of Arts degree from Brihan Maharashtra College of Commerce, University of Pune, and has a net worth of £16.9 billion.

Working in the pharmaceutical and biotechnology industries, Poonawalla founded the Serum Institute in 1966 to produce life-saving immunobiologicals at affordable prices.

The company began with the production of tetanus antitoxin and has since grown to become the world’s largest vaccine manufacturer by the number of doses produced and sold globally.

Under Poonawalla’s leadership, the Serum Institute has played a crucial role in global public health, supplying vaccines to over 140 countries.

The company produces vaccines for various diseases, including polio, diphtheria, tetanus, hepatitis B, measles, mumps, and rubella.

During the Covid-19 pandemic, the Serum Institute gained significant global attention for manufacturing and distributing the Oxford-AstraZeneca Covid-19 vaccine, branded as Covishield in India.

Cyrus Poonawalla is also known for his philanthropic efforts, particularly in healthcare and education.

Through the Poonawalla Foundation, he has supported numerous initiatives aimed at improving access to quality healthcare and education for underprivileged communities.

Kushal Pal Singh

Commonly known as KP Singh, he is an Indian real estate mogul and the chairman of DLF Limited, one of the largest real estate development companies in India.

Singh holds a Bachelor of Science in Aeronautical Engineering from the Aeronautical Training Institute of India and has further training from the UK’s Imperial College London and MIT in the United States.

With a net worth of £16.5 billion, his expertise lies in the real estate industry.

KP Singh joined DLF in 1979 and played a pivotal role in transforming the company into a leading real estate developer in India.

Under his leadership, DLF has developed numerous residential, commercial, and retail properties across the country.

In 2007, DLF went public with one of the largest initial public offerings (IPOs) in India, raising significant capital and solidifying its position in the real estate market.

The DLF Foundation, the philanthropic arm of DLF Limited, focuses on education, healthcare, and skill development.

The foundation runs several programmes to support these causes, including scholarships, healthcare camps, and vocational training centres.

Kumar Mangalam Birla

Kumar Birla is chairman of the Aditya Birla Group, one of India’s largest conglomerates, with a net worth of £15.6 billion.

Kumar Birla assumed leadership of the Aditya Birla Group in 1995 at the age of 28, following the untimely death of his father, Aditya Vikram Birla.

Under his stewardship, the group has significantly expanded its operations and diversified its interests, which now include metals, cement, textiles, carbon black, telecom, and financial services.

The Aditya Birla Group operates in over 36 countries, marking its global presence.

One of Kumar Birla’s notable achievements is the merger of Idea Cellular with Vodafone India, creating Vodafone Idea Limited, one of the largest telecom operators in India.

Additionally, he is actively involved in philanthropic efforts through the Aditya Birla Group’s various foundations and trusts. The group’s corporate social responsibility (CSR) activities focus on education, healthcare, sustainable livelihood, infrastructure development, and social causes.

The Aditya Birla Centre for Community Initiatives and Rural Development, led by his mother Rajashree Birla, undertakes numerous social projects aimed at improving the quality of life for underprivileged communities.

Radhakishan Damani

Radhakishan Damani is best known for founding DMart, one of India’s largest retail chains.

Although he attended the University of Mumbai, he did not complete his degree. With a net worth of £13.9 billion, his expertise lies in retail and investments.

Damani founded DMart in 2002, focusing on providing value-for-money products.

The retail chain has grown rapidly, operating numerous stores across India, and has become one of the country’s most successful retail chains.

Before establishing DMart, Damani was a successful stock market investor and trader.

In 2017, Avenue Supermarts Limited, DMart’s parent company, went public.

The IPO was immensely successful, being oversubscribed more than 100 times, making it one of the most remarkable IPOs in Indian history.

Damani’s contributions to the retail industry have significantly impacted the Indian economy.

DMart’s success has created numerous jobs and set new standards for retail operations in India, while his achievements as an investor have earned him respect in the Indian stock market.

Lakshmi Mittal

Lakshmi Mittal is the chairman and CEO of ArcelorMittal, the world’s largest steelmaking company. He holds a Bachelor of Commerce from St. Xavier’s College, Kolkata, and has a net worth of £12.9 billion.

Mittal founded Mittal Steel Company in 1976, which merged with Arcelor in 2006 to form ArcelorMittal.

The company operates in over 60 countries and is the largest steel producer globally, supplying a wide range of steel products to industries such as automotive, construction and appliances.

Mittal has been instrumental in driving innovation and efficiency within the steel industry, focusing on integrating operations and optimising production processes to set new industry standards.

In addition to his business achievements, Mittal has made significant contributions to the London School of Economics and the Great Ormond Street Hospital.

He established the Mittal Champions Trust to support Indian athletes in their quest for Olympic success, providing financial assistance and training to promising athletes.

In recognition of his contributions to trade and industry, Lakshmi Mittal was awarded the Padma Vibhushan, India’s second-highest civilian award, in 2008.

ArcelorMittal is a major employer and a key player in the global steel market, contributing to economic growth and development in numerous countries.

These top richest Indians have not only built successful businesses but have also made significant contributions to the Indian economy.

Moreover, these individuals have assisted in creating jobs, driving innovation, and supporting various philanthropic causes.

Their leadership and vision continue to inspire future generations of entrepreneurs and business leaders in India.

Kamilah is an experienced actress, radio presenter and qualified in Drama & Musical Theatre. She loves debating and her passions include arts, music, food poetry and singing.

Images courtesy of Business Insider India Instragram and, Shiv Nadar Foundation, gqindia, hello magazine,, ArcelorMittal, money control

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