Top 10 Gujarati Billionaires
There is a saying that – “No one can do a business as perfect as Gujaratis do”. Well! this holds true to a large extent. Whatever the field may be, there will be at least one successful Gujarati businessman involved in it. According to the Forbes, there are more than 10 Billionaires from Gujarat alone.
Here presenting you Top 10 Gujarati Billionaires. (*All the net worths are as per Forbes Feb 2018 data)
> Mukesh Ambani – (Net Worth : 2.65 Lakh Crore INR)
Mukesh Ambani is chair person of Reliance Group and runs $51billion (revenue) oil and gas giant Reliance Industries, among India's most valuable companies. Reliance was founded by his late father Dhirubhai Ambani, a yarn trader, in 1966 as a small textile manufacturer. He currently stay in Mumbai.
> Dilip Shanghvi – (Net Worth : 81 Thousand Crore INR)
He founded Sun Pharmaceutical Industries and serves as managing director. The son of a pharmaceuticals distributor, he borrowed $200 from his father to start Sun in 1983 to make psychiatric drugs. The company is the world's fifth largest generics maker and India's most valuable pharma outfit with 2016 revenues of $4.1 billion
> Gautam Adani – (Net Worth : 70 Thousand Crore INR)
Gautam Adani is the chairman and founder of Adani Group. Ports tycoon Gautam Adani controls Mundra Port, India's largest, in his home state of Gujarat. His $12 billion (revenue) Adani Group's interests include power generation and transmission, real estate and commodities. Adani's overseas assets include Australia's Abbott Point port and the controversial Carmichael coal mine, billed as one of the world's largest.
> Uday Kotak – (Net Worth: 69 Thousand Crore INR)
Uday Kotak is the Executive Vice-Chairman and Managing Director of Kotak Mahindra Bank. He started a finance firm in 1985 then went on convert it into a bank 2003. His Kotak Mahindra Bank is now among India's top four banks in the private sector, boosted by its 2014 acquisition of ING Bank's Indian operations. In March 2017, Kotak launched 811, a digital banking app offering zero-balance accounts with the aim of doubling the bank's customers to 16 million.
> Pankaj Patel – (Net Worth: 32 Thousand Crore INR)
Indian pharma magnate Pankaj Patel runs listed company Cadila Healthcare, which was cofounded by his late father in 1952 to make vitamins. A pharmacy grad, Patel joined the firm in 1976 and took charge in 1995 after a formal separation between the two founding families. The $1.5 billion (revenues) Cadila is among India's top five generic makers, headquartered in Ahmedabad city.
Brothers Sudhir & Samir Mehta get the bulk of their wealth from Torrent Pharmaceuticals, flagship of the $2.9 billion (revenue) Torrent Group. The 58-year-old company was founded by their late father Uttambhai Nathalal Mehta, who was a salesman for Swiss pharma giant Sandoz. Their Torrent Power distributes electricity to more than 3 million customers in their home state of Gujarat and two other states.
> Romesh Wadhwani – (Net Worth: 20 Thousand Crore INR)
Romesh Wadhwani is the chairman and CEO of Symphony Technology Group, which brings in $2.5 billion in annual revenues. In January 2017 the firm sold MSC Software to Swedish company Hexagon for $834 million. After graduating from the Indian Institute of Technology, he went to Carnegie Mellon and received a Ph.D. in 1972 in electrical engineering.
> Anil Ambani – (Net Worth: 17 Thousand Crore INR)
Anil Ambani, the younger sibling of Mukesh Ambani, runs his separate empire with interests in telecom, financial services, media and infrastructure. His Reliance Defense has several joint ventures, including with Israel's Rafael Advanced Defense Systems and France's Dassault Aviation. His Reliance Communication called off its proposed merger with rival Aircel, controlled by Malaysian billionaire Ananda Krishnan, due to regulatory delays.
> Bharat Desai – (Net Worth: 7.8 Thousand Crore INR)
Bharat Desai founded IT consulting and outsourcing company Syntel with his wife Neerja Sethi from their apartment in Troy, Mich. The husband-and-wife team, who met in the U.S. while working for pioneering IT firm, Tata Consulting Services, invested $2,000 to get it going; it brought in $30,000 in sales during its first year.
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