India holds 1.2 billion of population and embarks as one of the most populated countries in the world. With its largest democracy, its economy has been growing at a rapid pace over the last few years.
And, with no surprise, India has successfully produced several billionaires that majorly contribute to the Indian economy.
India is an emerging market with plethora of opportunities and according to the latest survey, it has been reported that 1% of the Indian business giants has cornered 73% of wealth generated in the country.
India is forecasted to take over other world’s big economies in the coming years and here is the list of the top Indian industrialists that added whooping billions to Indian economy.
He chairs and runs Reliance Industries and its India’s most valuable company. Oil and gas tycoon, Mukesh Ambani holds the number 1 position for consecutively 11thyear in the row with a blazing net worth of $47.3 billion. He is also the biggest gainer in dollar and majorly contributes to the strength of the Indian economy.
Indian tech magnate Azim Premji churns out $8.4 billion of revenue with the India’s third largest outsourcer, Wipro Limited. Premji successfully retains its second position. Wipro has its innovation center in Silicon Valley, which primarily focuses on developing new technologies and collaborating with startups. Popularly referred as Indian Bill Gates, Premji is making the Indian economy robust.
Lakshmi Narayan Mittal
Lakshmi Narayan Mittal Heads ArcelorMittal, the world’s largest steel maker. Mr. Mittal hails from a steel clan and reportedly has merged with numerous steel giants in the world. Profiting from an uptick in steel, ArcelorMittal double-digit its growth with an extensive revenue of $76 billion.
The four close-knit siblings, Ashok, Srichand, Prakash and Gopichand heads the multinational corporation the Hinduja Group. The conglomerate business’s range from trucks to cable television and forayed into the Indian defense. Thus, strengthening Indian economy and security, both.
Pallonji Mistry, the man behind the Mumbai-based engineering and construction giant, Shapoorji Pallonji Group. The corporation of over 100 companies has its biggest asset of 18.4 % in Tata Sons. Mistry’s younger son Cyrus is actively investing in startups, therefore motivating young talent and economic growth of the country.
Indian IT Pioneer Shiv Nadar founded HCL Technologies in 1976 to manufacture calculators and microprocessors. Today, HCL revenue sits at $8.2 billion and it is India’s fourth largest software service provider. Recently, Nadar has donated a handsome amount of $662 million to Shiv Nadar Foundation that aggressively backs education-related causes in the country. HCL Technologies has been actively contributing to the growth of the country and economy.