Forbes Asia — October 2017

ATUL LOKE FOR FORBES

1

MUKESH AMBANI

$38 BILLION S

RELIANCE INDUSTRIES AGE: 60

2

AZIM PREMJI

$19 BILLION S

WIPRO AGE: 72

3

HINDUJA BROTHERS

$18.4 BILLION S

ASHOK LEYLAND AGES: 81, 76, 71, 66

4

LAKSHMI MITTAL

$16.5 BILLION S

ARCELORMITTAL AGE: 67

5

PALLONJI MISTRY

$16 BILLION S

SHAPOORJI PALLONJI GROUP

AGE: 88

6

GODREJ FAMILY

$14.2 BILLION S

GODREJ GROUP

7

SHIV NADAR

$13.6 BILLION S

HCL TECHNOLOGIES AGE: 72

8

KUMAR BIRLA

$12.6 BILLION S

ADITYA BIRLA GROUP AGE: 50

9

DILIP SHANGHVI

$12.1 BILLION T

SUN PHARMACEUTICAL INDUSTRIES

AGE: 61

10

GAUTAM ADANI

$11 BILLION S

ADANI PORTS & SEZ AGE: 55

11

UDAY KOTAK

$10.5 BILLION S

KOTAK MAHINDRA BANK

AGE: 58

12

RADHAKISHAN DAMANI

$9.3 BILLION 3

AVENUE SUPERMARTS

AGE: 62

THE LIST

SUP MORE THAN 10% TDOWN MORE THAN 10%

ÌNEW TO LIST 3 RETURNEE

Motorcycle tycoon Rahul Bajaj’s nephew makes his debut

after the October 2016 listing of his auto-parts maker,

Endurance Technologies, which has seen its shares more

than double since the IPO. Jain founded the company

in Aurangabad in Maharashtra state in 1985 to supply

aluminum castings to his uncle’s Bajaj Auto, but it now

gets two-thirds of its $867 million annual revenue from

other customers. Endurance has made inroads into

Europe, with 8 factories in Italy and Germany. Jain’s twin,

Tarang, also a billionaire, runs his separate auto-parts firm,

privately held Varroc Group, also out of Aurangabad. Their

father, Naresh Jain, is chairman at both companies.

ANURANG JAIN: TWIN SUCCESS