The IIFL Wealth Hurun India Rich List 2020 released a couple of weeks ago and while we’ve already acquainted you with the richest Indians of 2020, with this feature the focus shifts to the ones who've made it big on their own. These Indian billionaires started from scratch and built enviously huge business empires. From infrastructure to banking and even FMCG, they represent almost every booming sector of the Indian economy. Take a look at the top 10 self-made richest billionaires in India.
There are the top 10 richest self-made billionaires in India
1. Shiv Nadar
Wealth: Rs 1,41,700 crore
Company: HCL Technologies
In the most recent development at HCL Technologies, Shiv Nadar gave up his position as Chairman which was filled by his daughter Roshni Nadar Malhotra. The man, who single-handedly created the third-largest tech firm in our country, also saw his business grow by 34 per cent this year. This took his wealth to a whopping Rs 1,41,700 crore, thereby making him India’s richest self-made billionaire.
2. Gautam Adani
Wealth: Rs 1,40,200 crore
Company: Adani
Gautam Adani’s infrastructure empire began with the control of ports, starting with the control of the port in his hometown, Mundra, in Gujarat. The business tycoon slowly expanded his grip over to other infrastructure projects. One of his most recent acquisitions was an impressive 74 per cent stake in Mumbai airport – the second busiest in our country. Adani’s wealth is generated from infrastructure as well as power generation and transmission, real estate, and edible oil. According to the Hurun list, his wealth jumped by 48% and now stands at a tall Rs 1,40,200 crore.
3. Radhakishan Damani
Wealth: Rs 87,200 crore
Company: Avenue Supermarts
A large part of Radhakishan Damani’s growth into the big league of billionaires in India is credited to DMart’s first IPO back in March 2017. It was since then that his supermarket chain, held by Avenue Supermarts (the company owned by Damani) witnessed exponential growth. It all began in 2002, with the first DMart store in Mumbai. Now, the 66-year-old, whose company registered a growth of 56 per cent, sits on a wealth of Rs 87,200 crore.
4. Uday Kotak
Wealth: Rs 87,000 crore
Company: Kotak Mahindra Bank
India’s richest banker, Uday Kotak, takes the fourth spot on this list of self-made Indian billionaires. Even though he had a flourishing trading family business to join, he decided to start his own finance firm in 1985. 18 years after its inception, he converted it into a bank, Kotak Mahindra Bank. Today, the bank is among the top four private sector banks in India. A success that is mainly drawn to its acquisition of ING Vysya in 2014. Since his bank saw an 8 per cent decrease in profits, he slipped from third to the fourth spot with a wealth of Rs 87,000 crore.
5. Dilip Shanghvi
Wealth: Rs 84,000 crore
Company: Sun Pharmaceuticals
Dilip Shanghvi started off his business with a nominal loan of Rs 10,000 from his father. Since then, it has only been a successful journey for the owner of the country’s largest pharma company, Sun Pharma. Interestingly, in 2015 Shanghvi overtook Mukesh Ambani to become India’s richest man for a brief period, according to Livemint. Sun Pharma saw a growth of 17 per cent in 2020 and Shanghvi’s wealth grew to Rs 84,000 crore.
Other self-made billionaires on the top 10 richest list
6. Jay Chaudhry
Wealth: Rs 65,800 crore
Company: Zscaler
7. Murali Divi
Wealth: Rs 49,200 crore
Company: Divi’s Laboratories
8. Acharya Balkrishna
Wealth: Rs 46,800 crore
Company: Patanjali Ayurved
9. Yusuff Ali MA
Wealth: Rs 42,700 crore
Company: Lulu
10. Vinod Shantilal Adani
Wealth: Rs 42,200 crore
Company: Adani
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GQ India