Top 10 Industries in India with the Most Billionaires
Pharmaceuticals in India have produced the most billionaires, with 137. Poonawalla is the richest person in this industry segment, with a net worth of INR 88,800 crores. India is the world’s largest supplier of generic drugs. India meets more than half of the world’s need for various vaccines, 40% of the US’s demand for generic medicines, and 25% of the UK’s total medicine needs.
Software & Services
According to the Hurun Report, the software and services sector has produced 73 billionaires, the second-highest number in India. Azim Premji is the richest person in this industry segment, with a net worth of INR 1,17,100 crores. India has some industry leaders in this segment, including Infosys, Wipro, TCS, and Tech Mahindra, which offer a wide range of products across multiple industries.
The FMCG industry segment in India has produced 59 billionaires, placing it third in terms of producing the most billionaires. Nusli Wadia & Family are the richest people in this segment, with a net worth of INR 42,200 crores. Household and personal care products alone account for 50% of sales in the fast-moving consumer goods segment.
Chemicals and petrochemicals
With 57 billionaires, India’s chemicals and petrochemicals industries rank fourth in terms of producing the most billionaires. Sri Prakash Lohia is the richest person in this segment, with a net worth of INR 40,500 crores. Reliance Industries Ltd. (RIL), Indian Petrochemicals Corporation Ltd. (IPCL), Gas Authority of India Ltd. (GAIL), and Haldia Petrochemicals Ltd. are the market leaders in this segment (HPL).
Automobiles & Auto Components
The automobile and auto components sector in India ranks fifth on the list of industries producing the most billionaires, with 45 billionaires. Rahul Bajaj & family are the wealthiest in this sector, with a net worth of INR 60,700 crore. India is one of the world’s largest markets, as well as a market leader in commercial vehicle manufacturing.
Engineering and Construction
The construction engineering sector in India has produced 45 billionaires, placing it sixth among the top ten industries producing the most billionaires. With a net worth of INR 13,400 crores, P Pitchai Reddy is the richest person in this industry. This industry is one of India’s largest employers and contributes significantly to the country’s economy.
The financial services sector in India has produced 43 billionaires, with Uday Kotak being the richest with a net worth of INR 94,100 crore. Commercial banks, co-operatives, non-banking financial companies, insurance companies, mutual funds, pension funds, and other smaller financial entities make up this segment.
Food and Beverage
In India, 39 billionaires have made their fortune in the food and beverage industry. This places this industry segment eighth on the list of the top ten industries producing the most billionaires. Ravi Jaipuria & Family is the wealthiest person in this sector, with a net worth of INR 11,500 crores. India’s food and beverage industry accounts for most of the consumer packaged goods (CPG) industry.
Apparel, textiles, and accessories
The textiles, apparel, and accessories segments in India have produced 36 billionaires, ranking ninth among the top ten industry segments that have produced the most billionaires. With a net worth of INR 5,900 crore, Harish Ahuja is the richest person in this industry. The Indian textile industry is one of the oldest in the world and offers a wide range of products.
The real estate sector in India has produced 33 billionaires, placing it tenth among industry segments that have produced the most billionaires. Jitendra Virwani is the wealthiest person in this segment, with a net worth of INR 29,900 crores. The country’s real estate sector is one of the most well-known on the global stage. This segment’s four sub-sectors are housing, retail, hospitality, and commercial.