India is the world’s largest democracy, and its economy has increased for decades. It has produced impeccable businessmen over the years. India has been long tradition for entrepreneurs dating back to the 20th century. We can see a few Indian billionaires in sectors like health, technology, commodities, metal mining and infrastructure. Even though some people live in poverty due to India’s level of income inequality, the country has maintained amazing businessmen with the utmost wealth generation. Here is the list of Top 10 Famous Businessmen of India 2024.
1. Ratan Tata
Ratan Naval Tata is an Indian philanthropist, Industrialist and former chairman of Tata Sons. He was born in Mumbai in a Parsi family, after graduating from Cornell University College of Architecture, he joined the Tata Group’s managerial position. Ratanjihas acquired many companies like Tata Tetley, Tata Steel, Jaguar Land Rover and Tata Motors. He is known for his generous and down-to-earth personality. His nature has won him many well-wishers not only from India but worldwide. Ratanji was awarded the Padma Bhushan and Padma Vibhushan Award in 2000, and 2008 for his outstanding contributions to the Indian Economy.
2. Gautam Adani
Gautam Shantilal Adani is a well-known Indian businessman who is a founder and chairman of the Adani group. He was born in Ahmedabad on 24th June 1962. He is a self-made entrepreneur. In 1978, Adani moved to Mumbai to work as a diamond sorter for the Mahendra Brothers.Later after so much struggle in 1988, he established the Adani Exporter, now known as the Adani Enterprises. Later, in the year 1996, the business arm of Adani Group, the Adani Power, came into power. The group manages various functions like renewable energy production, development and operation of ports, power generation, and logistic part and transmission.
3. Mukesh Ambani
The legendary businessman of all times, Mukesh Ambani, the son of the Late Dhirubhai Ambani, is chairman of Reliance Group of Industries. Mukesh belongs to a Gujarati Family. Mukesh Ambani set up Reliance Infocomm Limited, now known as Reliance Communications Limited (Jio). At 24, he was handed over the construction of the Patalganga petrochemical plant. With his hard work and dedication, Mukesh produced the world’s largest grassroots petroleum refinery in Jamnagar, India. Today, Mukesh is said to hold a net worth of $113.7 billion as of March 2024. He ranks First as the Richest Person in India and 11th globally. His creative ideas and leadership qualities make him one of the most famous businessmen in India.
4. Cyrus Poonawalla
Cyrus Poonawalla is a successful businessman and the chairman of the Cyrus Poonawalla Group and Serum Institute of India, 1966. His institute produces over 1.5 billion vaccines that cure rubella, mumps, influenzas and measles. It is the world’s largest vaccine manufacturer. He is also ranked as the 4th richest person in India, with a net worth of over $24.3 billion in 2022.
5. Shiv Nadar
Shiv Nadar, founder and chairman of HCL Technologies, is a billionaire and philanthropist. Born in the small village of Madras, Nadar completed his electrical engineering degree from the PSG College of Technology, Coimbatore. In 1967, he began his career at Walchand Group’s Cooper Engineering Ltd. in Pune. He founded Hindustan Computers Limited, a hardware company in India. Later, it emerged as the largest IT company in India. Afterwards, in 1994, he established the Shiv Nadar Foundation to bring a change in the Indian Education System. Nadar is a well-focused, unique and innovative person with exceptional leadership qualities.
6. Kumar Birla
Kumar Mangalam Birla is an Indian industrialist, philanthropist, and chairman of the Aditya Birla Group. The company is in sectors liketelecommunication, metals, cement, and financial services sectors. Under the supervision of Aditya Birla Group, he established other industries like Ultra Tech Cement, Aditya Birla Fashion and Retail, and Aditya Birla Capital. He has been awarded the Padma Bhushan Award for his valuable contributions to the Indian Economy.
7. Azim Premji
Azim Premji is a founder of Wipro Pvt Limited. He was born in Mumbai. Azimji is a self-made businessman. He started his career by setting up Western Indian Vegetable Products Ltd in the small town of Jalgaon, Maharashtra. This company primarily sold sunflower vanaspati oil and a laundry soap named 787. However, in 1966, after the demise of his father, Premji acquired Wipro Pvt Ltd. He soon realized the importance of emerging IT sectors and expanded his business into manufacturing minicomputers in technological. Azim Premji is a visionary with outstanding leadership qualities.
8. Savitri Jindal
Savitri Devi Jindhal was born on March 20,20 March 1940. She is an Indian businesswoman and politician. After her husband’s death, she held the esteemed position of emeritus chair at the OP Jindal Group. The company operates in the oil, gas, mining, steel, and power manufacturing industries. Jindal Steel is one of the third-largest producer of steel in India.
9. Nagavara Ramarao Narayana Murthy
Nagavara Ramarao Narayana Murthy, widely known as Narayan Murthy, founded Infosys Private Limited. He was born on 20 August 1946. He started his career working as a research associate at IIM Ahmedabad. Later, in 1981, he founded Infosys with six software professionals. It is a global delivery model for IT services and outsourcing in India. With a net worth of $3.6 billion, he is called the father of the Indian IT industry.
10. Radhakishan Damani
RadhakishanShivkishan Damani is an Indian businessman and an investor. Founder and chairman of Avenue SupermartsLimited,he belongs to a Hindu Marwari family. Damani quit stock markets to start his own hypermarket chain, Dmart, rapidly expanding its business to 25 stores in 2010. His estimated net worth as of January 2024 is around US$18.3 billion. Damani is said to maintain a low profile with his most significant business achievements.
Conclusion
India boasts a rich history of business innovations and entrepreneurs. From self-made billionaires to philanthropic leaders, the individuals on this list represent a diverse range of success stories. Their leadership and vision have created jobs and wealth and propelled India’s growth as a global economic powerhouse.
