VISHAL KOUL/OUTLOOK
58
RAJAN RAHEJA
$2.67 BILLION
EXIDE INDUSTRIES AGE: 64
59
GUPTA FAMILY
$2.66 BILLION T
LUPIN
60
SUNDER GENOMAL
$2.65 BILLION S
PAGE INDUSTRIES AGE: 64
61
RAKESH JHUNJHUNWALA
$2.6 BILLION
RARE ENTERPRISES AGE: 58
62
SUNNY VARKEY
$2.55 BILLION
GEMS EDUCATION AGE: 61
63
ABHAY VAKIL
$2.53 BILLION
ASIAN PAINTS AGE: 67
64
LEENA TEWARI
$2.52 BILLION S
USV INDIA AGE: 61
65
JAIN FAMILY
$2.5 BILLION T
BENNETT COLEMAN & CO.
66
SUNIL VASWANI
$2.46 BILLION
STALLION GROUP AGE: 55
67
RAJESH MEHTA
$2.45 BILLION
RAJESH EXPORTS AGE: 54
68
ANIL AMBANI
$2.44 BILLION T
RELIANCE COMMUNICATIONS
AGE: 59
69
KISHORE BIYANI
$2.4 BILLION T
FUTURE GROUP AGE: 57
70
AMALGAMATIONS GROUP FAMILY
$2.37 BILLION
TRACTORS & FARM EQUIPMENT
71
JITENDRA VIRWANI
$2.35 BILLION
EMBASSY PROPERTY DEVELOPMENT
AGE: 52THE LIST
SUP MORE THAN 10% TDOWN MORE THAN 10%
ÌNEW TO LIST^3 RETURNEECoca-Cola’s $5.1 billion purchase of retail chain Costa Coee from the U.K.’s Whitbread creates an awkward
equation in India. Costa’s Indian franchise is run by Ravi Jaipuria, No. 76, who is one of PepsiCo’s largest bottlers
globally. Jaipuria’s listed outfit, Varun Beverages, named after his son, has 26 bottling plants including 6 overseas in
Africa, Nepal and Sri Lanka. The cola king’s privately held Devyani International, a Pizza Hut franchisee named after
his daughter, brought Costa Coee to India in 2005. Jaipuria denies reports that he is willing to let the chain go due
to sluggish sales and says it is early days yet as the deal is expected to close only in 2019. “We have no plans to sell
it and would like to continue the business, if there is no conflict.” That’s a big “if.”OCTOBER 2018 FORBES ASIA | 79RAVI JAIPURIA: CAFFEINE CONFLICT?