Richest Indians via stockholdings

This was in the paper a couple days ago listing the top 10 Richest Indians based on their Indian stockholdings as of Dec 31, 2005. This list is not comprehensive as most of India’s wealth is still hidden (locally known as “black money”) and very difficult to track. It makes the books of Enron, WorldCom, Adelphia, etc… seem like a simple 2 hour audit.
1. Mukesh Ambani – Rs. 60,800 crore (approx USD $15.2 billion) Reliance Industries Limited (RIL)
2. Azim Premji – Rs. 53,800 crore Outsourcing powerhouse Wipro
3. Sunil Mittal – Rs. 29,900 crore Bharti Tele-Ventures which runs the largest GSM network in India under the brand Airtel
4. Tulsi Kanti – Rs. 18,000 crore Suzlon Energy a wind power company based in Pune
5. Shiv Nadar – Rs. 15,400 crore HCL Group which controls both HCL Infosystems and HCL Technologies
6. Kumar Mangalam Birla – Rs. 12,600 crore Chairman of the Adiyta Birla Group whose core business is cement
7. Anil Ambani – Rs. 11,800 crore This only includes Reliance Capital and Reliance Energy, with the upcoming IPO of Reliance Infocomm he will easily move up the list.
8. Dilip Sanghvi – Rs. 9,000 crore At first glance, I thought one of my uncles was sand bagging his wealth but no such luck, my uncle assures me it’s some other Dilip Sanghvi. He’s right this Dilip Sanghvi is head of Sun Pharma.
9. Naresh Goyal – Rs. 7,900 crore JetAirways
10. Rahul Bajaj – Rs. 7,600 crore Bajaj scooters. He’s actually worth much more as Bajaj has one of the largest corporate treasuries in the country, estimated at over Rs. 20,000 crore.

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