Growth Pattern Of Indian Billionaires In The Top Over The Last 8 Years

“If we were motivated by money, we would have sold the company a long time ago and ended up on a beach”, quotes Larry Page, Google co-founder and CEO of Alphabet Inc.

Most billionaires have one common trait – Money making is never the primary objective. Successful entrepreneurs aim at sustainability, smart and informed decision making, and a wise approach in taking business risks and the money just flows in.

In the year 2019, Hurun India Rich List reported 953 billionaires from the country, who possess a net worth more than INR 1000 crore.

Here is the growth pattern of top 3 billionaires and their organizations from the Hurun India Rich List, 2019:

Mukesh Ambani (Reliance Industries)

Figure 1 – Wealth Growt

Pattern of Mukesh Ambani (Wealth in INR Crores) Source – Hurun Research Institute

India’s wealthiest man, Mr. Mukesh Ambani is the Chairman and Managing Director of Reliance Industries Limited. Mr. Ambani’s journey with Reliance Industries dates back to 1981, when he joined the family business in his 20s. Ever since, Reliance industries has prospered to scale new heights in business.

Mr. Ambani had already established himself in the fields of energy, petrochemicals, textiles, natural resources and retail by the year 2013. The same year, he dived into the telecommunications industry. In the year 2015, Mr. Ambani announced to launch 4G broadband services in India. This was followed by the launch of Reliance Jio Infocomm Limited, popularly known as ‘Jio’ in September 2016. Jio was a massive success, which led to an increase in the market cap of RIL. Mr. Ambani’s wealth grew exponentially during this period, owing to the launch of Jio. Barclays Hurun India Rich List for 2018 observed a daily increase of INR 300 crore in the wealth of Mr. Ambani in the year 2017-18.

The years 2018 & 2019 were remarkable for Mr. Ambani’s business. In 2018, RIL became the first Indian company to cross a market valuation of INR 8 Lakh crore. In 2019, the company further made its mark in the industry by being the first Indian company to have crossed a market valuation of INR 10 Lakh crore.

SP Hinduja (Hinduja Group)

Figure 2 – Wealth Growth

Pattern of SP Hinduja (Wealth in INR Crores) Source – Hurun Research Institute

Mr. SP Hinduja ranks second in the Hurun India Rich List of 2019. He currently serves as the Chairman of the Hinduja Group and charitable foundations. He leads the family business alongside his three younger brothers. Mr. SP Hinduja pursued his undergraduate degree from Mumbai. His association with the Hinduja Group began in 1952 when he joined the textile and trading arm of the family business.

Amongst his recent feats, Mr. Hinduja led the Group to acquire a US based specialty chemicals company, through its lubricant arm subsidiary, Gulf Oil Corp, for USD 1.5 billion. SP Hinduja ranked 74th in the Hurun Global Rich List for 2016. In 2017, under his leadership, The Hinduja group signed a deal with Raffles Hotels and Resorts, Europe’s largest hotel chain. This deal involved transformation of UK’s iconic Old War Office building, into a luxury hotel. The Group had invested in Gulf Oil International Limited, by acquiring the company back in 1984; the value of this investment has increased by 870 million pounds in the year 2016-17.

The business conglomerate continues to steer up successfully along its various arms ranging from automobile manufacturing, banking and real estate to energy & petroleum.

Gautam Adani (Adani Enterprises)

Figure 3 – Wealth Growth

Pattern of Gautam Adani (Wealth in INR Crores) Source – Hurun Research Institute

Mr. Gautam Adani heads Ahmedabad-based multi-national conglomerate, the Adani Group. The group is one of the biggest in electricity generation and transmission in India. Mr. Adani, who currently has an enriching experience of 33 years in the industry, founded the company back in the year 1988. Over the years, the business conglomerate has achieved several milestones, from building the largest and the most efficient private sector port, to establishing the largest private thermal power producing unit.

In the year 2018, the group acquired energy transmission business operated by Reliance Powers, GMR Energy Limited’s thermal power project, the shipyard project operated by Larsen & Toubro near Chennai, and a power transmission project by KEC international. In the later part of 2018, the Government of India put up projects for bidding to set up and operate piped natural gas networks and fuel stations across the country. Adani Group bagged the highest number of these tenders, i.e., the group won a total of 25 bids.

Again, in the year 2019, when the Indian Government announced invitation of tenders for management of 6 Indian airports, the Group Mr. Adani successfully bagged all the projects. For the financial year 2018 – 2019, the group had generated revenues of USD 13 billion, out of which, the Transport & Logistics business generated revenues worth USD 1.6 billion, Power and Utilities business generated revenues of USD 5.47 billion, and the Incubation business contributed by USD 5.92 billion.

Figure 4 – Growth patter

of wealth for the four billionaires (Wealth in INR Crores) Source: Hurun Research Institute

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