The role of business in the growth of a country is undeniable. By generating income, trade, innovation and better prospects, businesses define economic growth. The seed of business is fostered by the visions of those with a keen entrepreneurial spirit – something India has always had in abundance.
The Indian economy has grown rapidly, and for that we have a plethora of reputable and innovative businessmen who have contributed to it. These not only include conglomerate icons like Ambani and Adani, but also famous financial leaders like Sanjiv Bajaj, and other incumbents from various industries. Together, they continue to give the country a foothold in its approach through innovation, infrastructure growth, technology, employment and self-reliance.
Let’s take a closer look at 10 famous businessmen in India.
- Mukesh Ambani
Mukesh Ambani was born as the first son of Dhirubhai Ambani on April 19, 1957. He graduated as a chemical engineer from the Institute of Chemical Technology and dropped out of the MBA from Stanford University. He obtained ownership of Reliance Industries after the death of his father. Under his supervision, the company’s revenue has reached $ 88 billion, and the company is the first to reach $ 100 billion in market capitalization. He received the Ernst & Young Entrepreneur of the Year award. In 2010, he received a Global Leadership Award as the company reached new heights. Mukesh Ambani has a net worth of over $ 98.8 billion as of October 2021.
- Sanjiv Bajaj
Born on November 2, 1969, Sanjiv Bajaj is one of India’s most famous financial leaders. He studied Mechanical Engineering at the University of Pune and obtained his MBA from Harvard Business School. Coming from the prestigious Bajaj family, he started his career at Bajaj Auto before becoming Managing Director of Bajaj Finserv in 2007. From there he led a financial and FinTech revolution in the country and became one of the leading supporters of financial autonomy. dependency in India. Among his many accolades is the EY Entrepreneur of the Year award in 2017.
- Adar Poonawalla
Serum Institute of India is the company that is at the forefront of COVID vaccine production in India, thanks to the efforts of current CEO Adar Poonawalla. He was born on January 14, 1981, as the son of Cyrus Poonawalla who founded the Serum Institute of India. He graduated from the University of Westminster, London. Graduated in 2001, he joined the company. Under his administration, the company’s export rate increased significantly with 85% of turnover coming from foreign countries. Serum Institute’s oral polio vaccine is a successful product he launched. He received the Philanthropist of the Year award in 2016. In 2021, he was named Entrepreneur of the Year by Economic Times.
- Rahul bajaj
Rahul Bajaj was born on June 10, 1938 as the grandson of Jamnalal Bajaj who was a prominent industrialist before Indian independence. His father founded the Bajaj Group of Companies in the 1920s. Rahul Bajaj received a BA in Economics from the University of Delhi, a Law Degree from the University of Mumbai and an MBA from Harvard Business School. He took over the company in 1965. During his administration he divided the company into Bajaj Auto and Bajaj Finserv. He was also president of the Confederation of Indian Industry. Rahul Bajaj was congratulated with the Lifetime Achievement Award in 2017. He also received the Padma Bhushan in 2001. He is one of the best empowering leaders. Rahul Bajaj has a net worth of over $ 8.6 billion as of October 2021.
- Savitri Jindal
Savitri Jindal is Chairman Emeritus of the OP Jindal Group. She was born on March 20, 1950 in Assam. After marrying OP Jindal in the 1970s, she became a member of the Jindal family. She became the president of the company after the death of her husband. She is now one of the richest businesswomen in India, growing the company to the highest level and increasing its valuation to $ 4 billion. She is also the recipient of an international award for the empowerment of women. Savitri Jindal & family has a net worth of over $ 18.1 billion as of October 2021.
- Gautam Adani
Gautam Adani was born as the son of a textile merchant in Ahmedabad, Gujarat on June 24, 1962. His business started from PVC imports and after the liberalization policy the business was expanded to trade in PVC. textiles, metals and agricultural products. . Gautam Adani enrolled for a Bachelor of Commerce degree at the University of Gujarat and dropped out after the second year. In 1988, he founded the Adani Group. Under his leadership, the company diversified into logistics, defense, aerospace and many other branches. He is now the second richest man in Asia. Gautam Adani and his family have a net worth of over $ 70.8 billion as of October 2021.
- Radhakishan Damani
Radhakishan Damani was born in Mumbai on January 1, 1954 in a Marwari family. He dropped out of Mumbai University where he studied business for about a year. After the death of his father, he started working as a stock broker and investor. Until 2000 he worked on the stock exchange, then quit his job and started the DMart hypermarket chain in 2002. The first store was opened in Powai. Radhakishan Damani & family has a net worth of over $ 29.4 billion as of October 2021.
- Kiran Mazumdar-Shaw
Kiran Mazumdar-Shaw was born in Bangalore on March 23, 1953. Her father was a master brewer. She graduated in Brewing from Ballarat University, Melbourne. But her journey to Biocon India began when she met Leslie Auchincloss, who owned an Irish company – Biocon Biochemicals. Under his leadership, in 1978, Biocon India quickly began exporting food processing enzymes to the United States and Europe. It is the first company to obtain FDA approval. The company’s shares have soared, making Kiran the richest businesswoman in the country. She is the recipient of the Padma Shri and Padma Bhushan awards from the Indian government. Kiran Mazumdar-Shaw has a net worth of over $ 3.4 billion as of October 2021.
- Madhukar Parekh
Pidilite Industries was founded by Bavant Parekh, the father of Madhukar Parekh. Madhukar Parekh was born in 1946 and completed his engineering studies at the University of Mumbai and a master’s degree at the University of Wisconsin. He became the president of the Pidilite industry and developed it into a world class company. In 2014, he was named EY Entrepreneur of the Year – Consumer Products. Madhukar Parekh & family has a net worth of over $ 11.7 billion as of October 2021.
- Pankaj Patel
Cadila Healthcare is the fifth largest pharmaceutical company in India led by Pankaj Patel who is the chairman. The company was founded by his father for the purpose of producing vitamins. Pankaj Patel was born on March 16, 1953. He joined the company after obtaining his BA and MA in Pharmacy as well as BA in Science and Law from the University of Mumbai. He is also president of Zydus Hospitals. He received the Best Pharmacist of the Year award in 2003. Pankaj Patel has a net worth of over $ 5.4 billion as of October 2021.
Follow the latest news live on CEOWORLD magazine and get updates from the US and around the world. The opinions expressed are those of the author and are not necessarily those of CEOWORLD magazine. Follow CEOWORLD magazine on Twitter and Facebook. For media inquiries, please contact: [email protected]