The Rich List : Introducing India’s Newest Billionaires


Ignatius Navil Noronha, CEO of Avenue Supermarts Ltd, which runs DMart retail stores, joins the billionaire’s list after the company’s shares rose 113 percent this year. On the BSE, the stock reached a new intra-day record high of Rs 5,899 on Wednesday. Noronha owns 13.13 million shares, or more than 2 percent, of the company. With a net worth of Rs 7,744 crore, Noronha has become India’s richest professional manager. Check out the billionaires who made an entry in the billionaires list.

In September, Anand Deshpande, the founder of technology services provider Persistent Systems, joined the elite group of billionaires. Based on Forbes’ real-time billionaire’s list, he has a net worth of $1.3 billion.

As per the IIFL Wealth Hurun India Rich List 2021, the founding Chairman of the Apollo group of hospitals, Dr. Prathap C Reddy, and his family have risen to the top 100 list of billionaires with a 169 percent increase in their wealth. Currently, Reddy’s wealth exceeds $2 billion.

Ashok Boob, Managing Director of Clean Science and Technology, debuted in the Forbes billionaires list with a net worth of $2.3 billion.

Arvind Lal is the executive chairman of diagnostics chain Dr Lal PathLabs and is worth $2.55 billion after the novel outbreak.

With a net worth of $3.6 billion, Inder Jaisinghani, Chairman and Managing Director of Polycab India, is one of the new entrants in the Forbes billionaires list.

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