Forbes Asia — October 2017

(Rick Simeone) #1
76
MOFATRAJ MUNOT
$1.95 BILLION
KALPATARU AGE: 72.
77
MURALI DIVI
$1.94 BILLION T
DIVI’S LABORATORIES
AGE: 66
78
RAMESH JUNEJA
$1.92 BILLION S
MANKIND PHARMA
AGE: 64
79
ANURANG JAIN
$1.91 BILLION Ì
ENDURANCE TECHNOLOGIES
AGE: 55
80
RANJAN PAI
$1.9 BILLION S
MANIPAL GROUP AGE: 44
81
VIKAS OBEROI
$1.87 BILLION S
OBEROI REALTY AGE: 47
82
RAVI JAIPURIA
$1.84 BILLION S
RJ CORP AGE: 62
83
SALIL SINGHAL
$1.83 BILLION S
PI INDUSTRIES AGE: 70
84
N.R. NARAYANA MURTHY
$1.82 BILLION
INFOSYS AGE: 71
85
NIRAV MODI
$1.8 BILLION
FIRESTAR DIAMOND AGE: 46
86
RAJJU SHROFF
$1.77 BILLION S
UPL AGE: 83
87
SUNDER GENOMAL
$1.75 BILLION S
PAGE INDUSTRIES AGE: 63

THE LIST


SUP MORE THAN 10% TDOWN MORE THAN 10%
ÌNEW TO LIST 3 RETURNEE

K.M. MAMMEN, 67
$1.16 Billion
MRF
Head of sprawling clan chairs $2.3 billion
(revenue) MRF, one of India’s leading tire
makers. The company was started by his
father in 1946 as a manufacturer of toy
balloons. Mammen’s son Rahul became
managing director in May.

R.G. CHANDRAMOGAN, 68
$1.13 Billion
HATSUN AGRO PRODUCT
Chandramogan, who never went to college,
started a tiny venture in 1970 to make ice
cream, which initially was sold on pushcarts.
Today his listed Hatsun Agro Product is
India’s largest private dairy, procuring milk
directly from 300,000 farmers daily.


KOCHOUSEPH CHITTILAPPILLY, 66
$1.11 Billion
V-GUARD INDUSTRIES, WONDERLA HOLIDAYS
In 1977, Chittilappilly borrowed $1,500 from his father to set up a
small unit to make voltage stabilizers in Kochi in South India. He built
it over 4 decades into $335 million (revenue) V-Guard Industries. He
expanded into amusement parks in 2000 with Wonderla Holidays.


SANJAY LALBHAI, 63
$1.1 Billion
ARVIND
India’s denim king and the fourth generation of a
storied textile clan in the city of Ahmedabad. His
Arvind has launched several international brands in
India, such as Arrow, Tommy Hilfiger and Gap.
ANIL KUMAR MITTAL, 65
$1.05 Billion
KRBL
With roots in cotton spinning and commodity trading,
Mittal’s KRBL is the country’s largest rice miller and
exporter of basmati rice, which it sells under the
popular India Gate brand.

TARANG JAIN, 55
$1 Billion
VARROC ENGINEERING
Nephew of 2-wheeler tycoon Rahul Bajaj (No. 15)
started his auto parts business in 1990. His twin
brother, Anurang (No. 79), runs his own listed outfit.
Privately held Varroc was coined from the names of
their wives.
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