There are three new entrants and seven returnees this year
From top left: Bajranglal Taparia of Supreme Industries, Ranjan Pai of Manipal Group, P.V. Ramprasad Reddy of Aurobindo Pharma, and Vinita and Naresh of Lupin
Three new billionaires entered the Forbes India Rich List in 2023, and seven of them made a return. The Dani family of Asian Paints are the heirs of patriarch Ashwin Dani, who died in September after a brief illness. Renuka Jagtiani, chairwoman of Landmark Group, a Dubai-headquartered retailing giant, took over after her husband, Micky Jagtiani, passed away in May this year. The third is garment exporter KP Ramasamy, founder and chairman of KPR Mill. Healthcare entrepreneur Ranjan Pai is one of the returnees who cashed out $1 billion from selling part of his stake in Manipal Health Enterprises to Singapore’s Temasek. See the full list here:
Rank & Name | Net Worth (in $ Billion) | Change | Company |
---|---|---|---|
#22 Dani Family | 8 | New | Asian Paints |
#44 Renuka Jagtiani | 4.8 | New | Landmark Group |
#57 Shamsheer Vayalil | 3.7 | Returnee | Burjeel Holdings |
#69 Ravi Pillai | 3.2 | Returnee | RP Group |
#71 Bajranglal Taparia | 3.14 | Returnee | Supreme Industries |
#78 Sunny Varkey | 2.93 | Returnee | Gems Education |
#80 Gupta Family | 2.91 | Returnee | Lupin |
#86 Ranjan Pai | 2.75 | Returnee | Manipal Group |
#98 P.V. Ramprasad Reddy | 2.35 | Returnee | Aurobindo Pharma |
#100 K.P. Ramasamy | 2.3 | New | K.P.R. Mill |
1) Dani Family
Non-executive director of Asian Paints Ashwin Dani joined the paints company in 1968. He passed away in September this year. Today, the net worth of the family is Rs 67,841.77 crore. Founded in 1942, Asian Paints is now one of Asia’s biggest paint companies, and Ashwin’s son Malav sits on the company board.
2) Renuka Jagtiani