Gautam Adani and Mukesh Ambani – dominate the rich list of India with the gap between them and the rest of India Inc being very big

• Gautam Adani ranks 4th in the world with total assets of $125 billion.
• Adani is followed by Mukesh Ambani at number 10 with a net worth of $83.6 billion.
• The next rank from India is number 45 for Azim Premjic of Wipro with a net worth of $24.6 billion.

The double As – Gautam Adani and Mukesh Ambani – dominate the rich list of India with the gap between them and the rest of India Inc being very large.

There was a time when Tata and Birla were synonyms for the empires of India. Each region had its own empires such as the Shrirams, Thapars, Nandas and Modis in the north or the Bangurs in the east or the Mafatlals, Walchands, Kirloskars, Khataus, Sarabhais and Lalbhais in the west and the MA Chidambaram group in the south . Over time, many groups have stranded and fallen into bad times.

There are many defining moments in this journey that had a debilitating impact on family industrial groups. The year 1964 was a turning point when the Monopolies and Restrictive Trade Practices Commission was established. By that year, the MRTP committee had finished collecting and sifting information about Indian big business and reliable data was available.

The next interesting turning point came in 1991, when the government of PV Narasimha Rao introduced the new economic policy. This is where it all changed – India’s most radical policy document in the form of the New Industrial Policy – Raj’s license permit was canceled on July 24, 1991.

Democratic socialism had been relegated to the dustbin of history – Raj’s license, in effect for four decades, came to an end with the new industrial policy announced by Finance Minister Manmohan Singh and Prime Minister PV Narsimha Rao, who also holds the portfolio. from the Minister of Industry.

The new industrial policy proposed abolishing monopolies and restrictive trade practices and abolishing industrial licenses for all but 18 industries. One project proposed to increase foreign equity holdings by 51 percent. Indian industry was free from control and bureaucracy as never before.

In the past 30 years, India Inc had been turned upside down. According to the Bloomberg Billionaires Index, Gautam Adani is now ranked 4th in the world with a total net worth of $125 billion.

Adani is followed by Mukesh Ambani at number 10 with a net worth of $83.6 billion.

After Adani and Ambani, however, the gap widens a lot and is then taken over by the software czars. The next rank from India is number 45 for Azim Premji of Wipro with a net worth of $24.6 billion.

Shiv Nadar of HCL Technologies is ranked number 51 in the index with a net worth of $22.8 billion. The representation from India then ranks at number 101 alone with Dilip Shanghvi having a net worth of $14.9 billion, followed by Cyrus Poonawalla at 102 with $14.8 billion. Lakhsmi Mittal stands at 103 with a net worth of $14.7 billion.

Uday Kotak is ranked 106th with a net worth of $13.7 billion. Savitri Jindal is ranked 119 on the Bloomberg Billionaires Index with a net worth of $12.9 billion.

Sunil Mittal stands at 134 with a net worth of $12.2 billion. Kumar Birla stands at 159 with a net worth of $10.8 billion.

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