IIFL Wealth Hurun India's Top 10 Richest People List 29 Sep 2020 Released

India’s Top 10 Richest People. Mukesh Ambani,Hinduja Group,Roshni Nadar Malhotra,Adani group,Mohamed Premj,Poonawala,Radhakishan Damani,Uday Kotak,

IIFL Wealth Hurun recently released a list of individuals with the most assets in India, 29 September 2020 of which Indians have assets worth over Rs 1,000 crore. 

Significantly, 64% of total assets are held by only the top 100 on the list.

According to this list, The number of people with assets over Rs 1,000 crore has dropped from 953 in 2019 to 828 in 2020.

The total net worth of those on the list is $ 821 billion. Check out today’s post about India’s Top 10 Richest People.

Mukesh Ambani(63), Chairman of Reliance Industries, has been listed as India's richest man for the ninth year in a row, Since the launch of Lock-Tone in March, you know how much his one-hour income is Rs 90 crore!

Second on the list is Hinduja Group Of their companies including IndusInd Bank, Gulf Oil, IOCL Business activities.

Shares plummeted by 54%, 12% and 19% respectively, while their asset value fell by 23%. They are based in London, Geneva and Mumbai.

HCL founder Shiv Nadar (75) is third on the list. This is due to the 37% increase in the share value of HCL Following the resignation of Shiv Nadar in July 2020, his daughter Roshni Nadar Malhotra took over.

Gautam Adani (58) & Adani group is ranked 4th in the list.

The growth of Adani Green Energy is the main reason for this. In August, 2020, Rs. 1 lakh crore market value reached. Proud to be the first Adani company to achieve this feat.

The biggest donor is Mohamed Premji recently Celebrated his 75th birthday.

Face Covid-19 disease and discover new testing methods. In May 2020, his Foundation, along with two other scientific research institutes, launched a new initiative.

Poonawala, the virus maker of the Serum Institute of India (SII), ranks 6th on the list.

The Serum Institute of India (SII) works closely with the University of Oxford and various organizations for the production and distribution of the corona vaccine.

Radhakishan Damani (65), founder of Avenue Supermarket and head of DMart promoter, ranks 7th on the list. For the first time he has made it into the top 10 on the list.

Avenue supermarket in share price has increased by 250% since the first IPO was published in 2017, which has jumped 23 places in this list.

Uday Kotak (61) ranks 8th on the list. His net profit also fell 5.1% in the first quarter due to a decline in business.

As a result, the value of an Uday Kotak asset fell by 8% to Rs 7,100 crore over the previous year.

Dilip Shanghvi (64) is 9th on the list. As Sun Pharma share price rose 22%, its asset value increased by 17% to Rs 12,500 crore.

Lock-down Sun Pharma share price began to fall 22% in March, but rose 60% over the next six months.

Cyrus Pallonji Mistry (52) and Shapoor Pallonji Mistry (55).

Tenth on the list are the so-called Pallonji brothers.