Forbes Asia — October 2017

26

AJAY PIRAMAL

$5.2 BILLION S

PIRAMAL ENTERPRISES AGE: 62

27

M.A. YUSUFF ALI

$5 BILLION S

LULU GROUP AGE: 61

28

MADHUKAR PAREKH

$4.75 BILLION S

PIDILITE INDUSTRIES

AGE: 71

29

KALANITHI MARAN

$4.55 BILLION S

SUN TV NETWORK AGE: 52

30

PAWAN MUNJAL

$4.5 BILLION S

HERO MOTOCORP AGE: 63

31

KAPIL & RAHUL BHATIA

$4.4 BILLION S

INTERGLOBE AVIATION

AGES: 85, 57

32

MICKY JAGTIANI

$4.3 BILLION

LANDMARK GROUP AGE: 66

33

HARSH MARIWALA

$4.2 BILLION S

MARICO AGE: 66

34

B.R. SHETTY

$3.9 BILLION S

NMC HEALTH AGE: 75

35

RAVI PILLAI

$3.8 BILLION S

RP GROUP AGE: 64

36

MANGAL PRABHAT LODHA

$3.75 BILLION S

LODHA GROUP AGE: 61

37

KULDEEP & GURBACHAN SINGH

DHINGRA

$3.7 BILLION

BERGER PAINTS INDIA

AGES: 70, 67

THE LIST

SUP MORE THAN 10% TDOWN MORE THAN 10%

ÌNEW TO LIST 3 RETURNEE

These 5 heiresses have minds of their own and are charting

a different course from their families:

SIMRAN LAL, 46

CEO, GOOD EARTH, AND COFOUNDER, NICOBAR

Two-wheeler tycoon Vikram Lal’s (No. 17) daughter runs

the $23 million (revenues) Good Earth, a chain of luxury

home and apparel stores founded by her mother, Anita,

in 1996. A graduate of New York’s Fashion Institute of

Technology, last year Simran cofounded Nicobar, a clothing

and accessories label, and it already has 6 stores.

VASUDHA MUNJAL, 36

FOUNDER, CHOKO LA

The eldest daughter of motorcycle magnate Pawan Munjal

(No. 30) makes and sells premium chocolates under the

brand name Choko La. It’s a Mayan term meaning “to

drink chocolate together.” She started it in 2005 and sells

through 8 boutiques in Delhi as well as duty-free stores at

Indian airports

ANANYA BIRLA, 23

FOUNDER, SVATANTRA MICROFINANCE

AND CUROCARTE

Kumar Birla’s (No. 8) daughter started microfinance firm

Svatantra (“freedom” in Sanskrit), which focuses on rural

women entrepreneurs, when she was just 17. It has backed

300,000 women so far. Her latest venture is CuroCarte, an

online retailer of handmade luxury products. An undergrad

from Oxford University, Birla released her first song, “Livin’

the Life,” in November.

SHAFEENA & SHIFA YUSUFF ALI, 32, 29

FOUNDER AND CEO, TABLEZ FOOD CO.;

FOUNDER, ORANGE WHEELS

Daughters of Middle East retailer M.A. Yusuff Ali (No. 27)

set up and run their own separate businesses. Shafeena

has a food empire across the Middle East and India with

franchises for Famous Dave’s, Peppermill, Sugar Factory,

Coldstone Creamery and Galito’s. The London-educated

finance major plans to invest $50 million over the next 5

years in India. Shifa, the younger sister, runs a children’s

entertainment center, complete with climbing walls, an

arts-and-crafts section, a hair salon and a cafe, at Abu

Dhabi’s Al Wahda Mall. She has earmarked $18 million to

open 6 more children’s centers across the UAE.

—A.R.

ANAND PIRAMAL, 32
FOUNDER, PIRAMAL REALTY
M.B.A., HARVARD BUSINESS
SCHOOL
Secured a board seat at dad Ajay
Piramal’s health care and financial
services flagship, Piramal Enterprises,
in May, joining his sister Nandini.
He founded
Piramal Realty
in 2012 and
raised $434
million in
private equity
investments
in 2015 from
Goldman
Sachs and
Warburg
Pincus for his
property arm.

Stepping Out