Forbes India — November 17, 2017

34 | forbes india december 29, 2017

Waiting

in the

Wings

W

ith the stock market scaling new peaks,

the pace at which India is churning out

billion-dollar fortunes has picked up. As

a result, the price of entry into the top 100 keeps

rising. This year, 40 fortunes worth $1 billion or

more did not make it to the list. Here are ten of the

newest and most interesting faces among them.

t sridhAr veMbu, 49

$1.45 billion

ZOHO

Princeton engineer co-founded Zoho in 1996

with his two brothers and friends to provide

cloud-based business software. The privately

held company, of which Vembu, with family,

owns close to 90 percent, competes with

industry giant Salesforce.

bAjrAnG LAL tAPAriA, 83

$1.38 billion

SUPREME INDUSTRIES

Taparia and family have close to a 50 percent

stake in listed Supreme Industries, one of

India’s biggest makers of plastic products,

from moulded furniture to packaging. Shares

have risen in line with rising sales, which are

now close to $700 million a year.

PAdAM ChAnd GuPtA

$1.3 billion

PC JEWELLER

Starting with one jewellery shop in Delhi in

2005, Gupta and his brother Balram Garg built

their firm into an 80-store nationwide chain

with annual revenue of $1.3 billion. They own

60 percent of the firm, which listed in 2012.

MAdhu kAPur

$1.2 billion

YES BANK

Kapur inherited shares in Yes Bank after her

husband, Ashok Kapur, the bank’s co-founder,

died in the terror attacks in Mumbai in 2008.

In order to protect her interests, she took the

bank, run by her billionaire brother-in-law Rana

Kapoor (No 100), and its board to court to

secure her right to nominate board directors.

Richest

10 0 IndIans

The

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Vikumar