3. Lakshmi Mittal
• Income- $11.2 billion
• This steel titan is set to control the world's largest steel
company when his Ispat International and LNM Holdings
acquire International Steel. Combined entity will be $30
billion (sales) Mittal Steel, 88%-owned by Mittal himself
• Other Lists: Mittal, Lakshmi # 3 on World's Richest
People 2005 , # 62 on World's Richest People 2004 , #
177 on World's Richest People 2003 , # 327 on World's
Richest People 2002 , # 272 on World's Richest People
2001 , On World's Richest People 2000 , On World's
Richest People 1999
5. Azim Premji
• Income- $10.0 billion
• Owns 84% of $1.3 billion (sales) Wipro, India's second-
biggest infotech company. Riding outsourcing wave.
Recently traded his eight-year-old Ford Escort for a new
Toyota Corolla.
• Associated Companies:Wipro
• Other Lists:Premji, Azim # 38 on World's Richest
People 2005 , # 58 on World's Richest People 2004 , #
45 on World's Richest People 2003 , # 41 on World's
Richest People 2002 , # 42 on World's Richest People
2001 , On World's Richest People 2000 , On World's
Richest People 1999
7. Mukesh & Anil Ambani
• Income- $6.4 billion
• Two years after the death of their father, Reliance group's
founder Dhirubhai Ambani, brothers are feuding: Older son
Mukesh reportedly wants control of the $22 billion (sales)
diversified group. News of rift, which became public in
November, sent stock tumbling.
• Associated Companies:Reliance Industries
• Other Lists:Ambani, Mukesh & Anil # 60 on
World's Richest People 2005 , # 65 on
World's Richest People 2004 , # 123 on
World's Richest People 2003
9. Kumar Mangalam Birla
• Income- $3.5 billion
• Fourth-generation head of $6 billion (sales) commodities
conglomerate, with operations in nine countries,
including palm oil in Malaysia. India's largest cement
producer.
• Associated Companies:Hindalco Industries
• Other Lists:Birla, Kumar Mangalam # 149 on World's
Richest People 2005 , # 147 on World's Richest People
2004 , # 158 on World's Richest People 2003 , # 200 on
World's Richest People 2002 , # 292 on World's Richest
People 2001 , On World's Richest People 2000 ,
On World's Richest People 1999
11. Pallonji Shapoorji Mistry
• Income- $2.9 billion
• Construction tycoon benefiting from 18.4% stake in Tata
Sons, holding company of Tata conglomerate. Newly
listed Tata Consultancy Services recently worth $13
billion. Rarely seen in public.
• Other Lists:Mistry, Pallonji Shapoorji #
170 on World's Richest People 2005 , #
231 on World's Richest People 2004 , #
199 on World's Richest People 2003
13. Sunil Bharti Mittal
• Income- $2.6 billion
• His Bharti group, the country's largest GSM-based
cellular service provider, is benefiting from India's
booming middle class.New venture to export fruits and
vegetables with the Rothschild family.
• Associated Companies:Bharti Tele-
Ventures
• Other Lists:Mittal, Sunil Bharti # 164 on
World's Richest People 2005 , # 186 on
World's Richest People 2004
15. Shiv Nadar
• Income- $2.3 billion
• From modest beginnings in his garage, built and still chairs
$1.2 billion (revenues) HCL Group, a leading infotech
provider.Commutes between California and Delhi.
• Other Lists:Nadar, Shiv # 272 on World's
Richest People 2005 , # 310 on World's
Richest People 2004 , # 427 on World's
Richest People 2003 , # 378 on World's
Richest People 2002 , # 209 on World's
Richest People 2001 , On World's Richest
People 2000 , On World's Richest People
1999
17. Adi Godrej & family
• Income- $1.9 billion
• Third generation to head $1 billion (sales) Godrej Group,
whose businesses include soaps, hair dyes, office
furniture and mosquito repellent. One of Mumbai's
biggest landowners, has benefited from rising real estate
prices.
• Other Lists:Godrej, Adi & family # 355 on World's
Richest People 2005 , # 277 on World's Richest People
2004 ,# 386 on World's Richest People 2003 ,
On World's Richest People 1999
19. Malvinder & Shivinder Mohan
Singh
• Income- $1.5 billion
• Two brothers inherited family's 33.5% stake in leading
pharmaceuticals firm Ranbaxy Laboratories five years
ago because of the premature death of their dynamic
father, Parvinder Singh. Older brother Malvinder was
recently named to its board, while Shivinder looks after a
subsidiary
21. Dilip Shanghvi
• Income- $1.5 billion
• With loan from his father started manufacturing
psychiatric drugs in 1983. His Sun Pharmaceuticals has
a stake in Caraco Pharmaceutical Labs, a U.S. generic
drug company.
• Other Lists:Shanghvi, Dilip # 437 on
World's Richest People 2005
