India has witnessed an increase in the number of billionaires in the last couple of years. Many industrialists have reported a drastic jump in their wealth.
With that, we bring you a list of 10 wealthiest families in India.
10. Wadia Family
Nusli Wadia’s sons Ness and Jehangir sit on the board of popular food company Britannia Industries. Other companies controlled by this family are Bombay Dyeing and budget airline GoAir.
Family’s Total Estimated Wealth: Rs 44,900 crores
9. Bangur Family
Hailing from Rajasthan, the Bangur family owns Shree Cement, one of India’s most efficient cement producers.
Family’s Total Estimated Wealth: Rs 51,000 crores
8. Lohia Family
Lohia family owns petrochemicals powerhouse Indorama, which is the world’s largest manufacturer of resins used in plastic bottles, polyester, and synthetic rubber.
Family’s Total Wealth: Rs 58,800 crores
7. Bajaj Family
The Bajaj Group is an Indian multinational conglomerate company founded by Jamnalal Bajaj in Mumbai in 1926. Bajaj Group is one of the oldest and largest conglomerates based in Mumbai, Maharashtra.
Family’s Estimated Total Wealth: Rs. 63,000 Crores
6. Burman Family
Dabur is an Indian consumer goods company founded in 1884 by S. K. Burman. It manufactures Ayurvedic medicine and natural consumer products.
Family’s Estimated Total Wealth: Rs. 68,000 Crores
5. Damani Family
Avenue Supermarts Ltd., doing business as DMart, is an Indian chain of hypermarkets in India founded by Radhakishan Damani in the year 2002, with its first branch in Powai’s Hiranandani Gardens.
Family’s Estimated Total Wealth: Rs. 78,000 Crores
4. Adani Family
The Adani Group is an Indian multinational conglomerate, headquartered in Ahmedabad, Gujarat. It was founded by Gautam Adani in 1988 as a commodity trading business, with the flagship company Adani Enterprises Limited. Gautam Adani is the chairman.
Family’s Estimated Total Wealth: Rs 1.20 lakh crore
3. Godrej
The Godrej Family Group is an Indian conglomerate headquartered in Mumbai, Maharashtra, India, managed and largely owned by the Godrej family.
Family’s Total Wealth: Rs 1.57 lakh crore
2. Hinduja Family
The Hinduja Group is an Indian conglomerate company based in Mumbai, India. The company is involved in a wide range of activities including foundries, import-export, trading, motor vehicles, banking, call centers, and healthcare.
Family’s Estimated Total Wealth: Rs. 1.86 lakh crore
1. Ambani Family
Reliance Industries Limited is an Indian multinational conglomerate company headquartered in Mumbai, Maharashtra. Reliance owns businesses across India engaged in energy, petrochemicals, textiles, natural resources, retail, and telecommunications.
Mukesh Ambani is an Indian billionaire business magnate, and the chairman, managing director, and largest shareholder of Reliance Industries Ltd., a Fortune Global 500 company and India’s most valuable company by market value. As of April 2020, Mukesh Ambani is the richest man in Asia.
Family’s Estimated Total Wealth: Rs 3.80 lakh crore
Also Read: Forbes Releases List Of India’s Richest Billionaires List 2020
Source: BusinessInsider
