mistry: pradeep Gaur / mint Via Getty imaGes; aGarwal: mexy xaVierdecember 29, 2017 forbes india | 33the list
The shocking ouster of construction billionaire Pallonji Mistry’s younger son as chairman of the Tata conglomerate and from
the boards of various Tata companies in 2016, over differences with retired patriarch Ratan Tata, made headlines and sparked
a legal feud. The Tata group went on to order that all business ties with Mistry’s 152-year-old shapoorji Pallonji Group be
terminated. The Mistry family, whose biggest asset is an 18.4 percent stake in holding outfit Tata Sons, also opposed the move
by Tata Sons to convert itself into a private company after being public, arguing that it would be detrimental to minority
shareholders. Cyrus meanwhile has returned to the family group, where his older sibling Shapoor runs the show.
AniL AGArWAL: MininG MAveriCk
Metals and mining tycoon, who controls London-listed vedanta resources, saw his wealth rise on a metal revival that sent the
company’s shares surging in the past year. In March, he bought a 12 percent stake in London-listed miner Anglo American for
$2.4 billion through his family trust. Recently he announced plans to buy more shares worth $2 billion to increase his stake to
20 percent but said he had no intention of making a takeover offer for the company.
(Read ‘India’s Minesweeper’ on page 108)
Cyrus Mistry: eXit PAnGs
64
jAi hAri & yAdu hAri dALMiA
$2.45 BILLION
DALMIA BHARAT AGEs: 73, 70
65
sunny vArkey
$2.4 BILLION
GEMS EDUCATION AGE: 60
66
MuruGAPPA fAMiLy
$2.38 BILLION
MURUGAPPA GROUP
67
rAjendrA AGArWAL
$2.3 BILLION
MACLEODS
PHARMACEUTICALS
AGE: 58
68
hArsh GoenkA
$2.28 BILLION
RPG ENTERPRISES AGE: 59
69
suniL vAsWAni
$2.25 BILLION
STALLION GROUP AGE: 54
70
jitendrA virWAni
$2.2 BILLION
EMBASSY PROPERTY
DEVELOPMENT
AGE: 51
71
LeenA teWAri
$2.19 BILLION
USV INDIA AGE: 60
72
kirAn MAzuMdAr-shAW
$2.16 BILLION
BIOCON AGE: 64
73
sAnjiv GoenkA
$2 BILLION
RP-SANJIV GOENKA GROUP
AGE: 56
74
LAChhMAn dAs MittAL
$1.98 BILLION
SONALIKA GROUP AGE: 86
75
MurLi dhAr &
biMAL GyAnChAndAni
$1.96 BILLION
RSPL
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