1. Mukesh Ambani 

A drop out of Stanford University and a bachelor of science and engineering from University of Bombay, the 55 year Mukesh Ambani is the ‘world’s richest Indian’. Despite losing $ 4.7 billion in the spat between Reliance Industries and India’s Oil ministry, last year, Mukesh Ambani holds this position by a good margin.

  • Net Worth: $22.3 Billion
  • Chairman, Reliance Industries (Petrochemicals, oil & gas)
  • Net worth: $ 22.3 billion.
  • Current residence: Mumbai, India
  • Age: 55 

2) Lakshmi Mittal 

Lakshmi Mittal

An Indian steel magnate, Lakshmi (Narayan) Mittal’s ArcelorMittal is world’s largest steel making company. Acording to reports, he is the richest man living in Europe. Commissioned for the 2012 Olympics, the 377-foot tall Mittal-funded AreclorMittal Orbit is the U.K.'s tallest sculpture. He was ranked the sixth richest person in the world by Forbes in 2011, but dropped to 21st place in 2012, due to having lost $10.4 billion the previous year.

Born in Rajgarh tehsil of Churu district in Rajasthan, India, Mittal graduated from St. Xavier's College, Calcutta with a Bachelor of Commerce degree.

Net Worth: $20.7 Billion.

  • Chairman, ArcelorMittal (Steel)
  • Current Residence:London, United Kingdom
  • Country of Citizenship:India
  • Education:Bachelor of Arts / Science, St Xavier''s College Calcutta
  • Age:62

3) Azim Premji

Azim Premji

Tech tycoon Azim Premji of Wipro has been listed by TIME  magazine twice among the 100 most influential men in the world. Premji owns 79 percent of Wipro and also owns a private equity fund, PremjiInvest, which manages his $1 billion personal portfolio.

After dealing successfully in goods like cooking oils, bakery fats,  ethnic ingredient based toiletries, hair care soaps, baby toiletries, lighting products, and hydraulic cylinders, Premiji led Wipro entered the IT market in the 1980s and embarked of on a journey full of diversification and magnanimous success.

Net Worth: $15.9 B 

  • Chairman, Wipro Limited
  • Age:67
  • Source of Wealth:Software
  • Residence:Bangalore, India
  • Education:Bachelor of Arts / Science, Stanford University

4) Savitri Jindal and Family

 Savitri Jindal

Savitri Jindal is the head of Jindal Steel & Power.


  • Net Worth$10.9 B
  • Age:62
  • Source of Wealth:Steel
  • Residence:Hisar, India
  • Country of Citizenship:India
  • Children:9

5) Sunil Mittal and Family

Sunil Mittal, a graduate of Panjab University, Chandigarh,  is among the rare telecom tycoon untainted by India's 3G corruption scandal which erupted last year. With 243 million customers, his Bharti Airtel is world's fifth-largest telecom firm, with operations in 19 countries. 

Net Worth: $8.1 B

  • Age:54
  • Source of Wealth:Telecom, Self-made
  • Education:Bachelor of Arts / Science, Punjab University

6) Kumar Birla

Kumar Birla

Kumar Birla, whose family was the only Indian clan on the first billionaires list in 1987, chairs the $35 billion (revenues) Aditya Birla Group, ( a commodities powerhouse named after his late father). It's among the world's top 10 producers of cement and Asia's biggest aluminum producer.

Net Worth: $8 B

  • Age:45
  • Source of Wealth:Commodities
  • Education:Master of Business Administration, London Business School; Bachelor of Arts / Science, University of Bombay

7) Anil Ambani

Anil Ambani

Anil Ambani attended his first Academy Awards this year with his DreamWorks Studios' partner Steven Spielberg. Despite patch up with brother Mukesh, Anil Ambani continues on a losing streak, down $1 billion in past year and down $34.2 billion from his 2008 peak.

  • Net Worth$7.8 B
  • Age:53
  • Source of Wealth:Diversified
  • Education:Bachelor of Arts / Science, University of Bombay; Master of Business Administration, University of Pennsylvania Wharton School

8) Dilip Sanghvi

Dilip Sanghvi

Dilip Shanghvi is the founder and owner of  Sun Pharmaceutical Industries, India's most valuable drug maker. His firm has a new joint venture with Merck & Co. to make branded generics aimed at emerging markets. 

  • Net Worth: $7.4 B
  • Age:56
  • Source of Wealth:Pharmaceuticals, Self-made
  • Education:Bachelor of Arts / Science, Calcutta University

9) Shashi and Ravi Ruia

Essar ruia

They are the owners of Essar Group and recently,  sold their one-third stake in telecom unit Vodafone Essar for $5.4 billion. 

  • Net Worth: $7 B
  • Source of Wealth:Diversified
  • Residence:Mumbai, India

10) Kushal Pal Singh


Founder and owner of DLF, a real estate company in Inida, Kushal Pal singh was once one of the 10 richest people in the world. His fortune shrunk further this year as shares of his flagship DLF fell.

A five-day celebration of his 80th birthday last November included a performance by pop star Shakira and the release of his autobiography titled Whatever The Odds:The Incredible Story Behind DLF

  • Net Worth: $6.4 B
  • Age:81
  • Source of Wealth:Real estate
  • Education:Bachelor of Arts / Science, Delhi University

[Forbes' March 2012- Richest people in India]