VIPIN KUMAR/HINDUSTAN TIMES/NEWSCOM (TOP)
38
KARSANBHAI PATEL
$3.6 BILLION S
NIRMA AGE: 73
39
ASHWIN DANI
$3.5 BILLION
ASIAN PAINTS AGE: 74
40
GUPTA FAMILY
$3.45 BILLION T
LUPIN
41
SHASHI & RAVI RUIA
$3.4 BILLION T
ESSAR GROUP AGES: 73, 68
42
SUDHIR & SAMIR MEHTA
$3.35 BILLION T
TORRENT GROUP AGES: 63, 54.
43
SAMPRADA SINGH
$3.3 BILLION S
ALKEM LABORATORIES AGE: 91
44
ANIL AGARWAL
$3.2 BILLION S
VEDANTA RESOURCES AGE: 64
45
ANIL AMBANI
$3.15 BILLION
RELIANCE COMMUNICATIONS AGE: 58
46
P.V. RAMPRASAD REDDY
$3.14 BILLION
AUROBINDO PHARMA AGE: 59
47
BABA KALYANI
$3.13 BILLION S
BHARAT FORGE AGE: 68
48
VINOD & ANIL RAI GUPTA
$3.11 BILLION S
HAVELLS INDIA AGES: 72, 48
49
SAMEER GEHLAUT
$3.1 BILLION S
INDIABULLS GROUP AGE: 43
50
HASMUKH CHUDGAR
$3.05 BILLION S
INTAS PHARMACEUTICALS AGE: 84THE LIST
SUP MORE THAN 10% TDOWN MORE THAN 10%
ÌNEW TO LIST 3 RETURNEEACHARYA BALKRISHNA: HERBAL ICON
Surging sales of herbal-consumer-goods maker Patanjali Ayurved more than doubled Balkrishna’s wealth. He owns 98.6%
of the privately held company, which he cofounded in 2006 with politically well-connected yoga guru Baba Ramdev (above,
right, with Balkrishna). With annual revenue of $1.65 billion in the fiscal year to March 2017, up 115% from the previous year,
Patanjali sells everything from herbal toothpastes and shampoos to noodles and jams. It is now preparing to launch a line of
garments, including jeans. The pair are looking to buy assets of ailing infrastructure companies.KISHORE BIYANI:
BAZAAR BOSS
India’s retail king returns to the top
100 after a 6-year gap, fueled by a
fourfold jump in shares of his Future
Retail since its relisting in August 2016
as an asset-light, pure-play retailer. It’s
known for its Big Bazaar hypermarket
chain. Biyani, who started in 1987 with
a trouser brand called Pantaloons,
got into trouble after an expansion
binge saddled him with debt. After
shutting down stores, laying off 3,000
and selling Pantaloons to Kumar Birla
(No. 8), the feisty retailer rebuilt his
empire, focusing on food and fashion.
Biyani has splurged on technology,
with digital screens on the shelves at
Big Bazaar that explain each product
and its origin. His Future Group has
latched onto e-commerce with 3
portals, selling fashion, home decor
and electronic items.