India boasts many billionaires who, over the years, have changed the face of the economy with their whopping wealth. With their hard work and determination, some of these billionaires have maintained their names on the list of uber-rich entrepreneurs. These entrepreneurs are not just a boon to the country but are also leading their family name.
Hailing from different backgrounds, these families have been able to create a name for themselves in the business sector and have maintained the same over the years. Today, we will look into some of the rich siblings of influential business families, who significantly contribute to their family business.
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Counted among the world's top richest families, the Ambani clan is known for their humble yet prolific journey into the business world. Business mogul, Dhirubhai Ambani and his wife, Kokilaben Ambani have four children, Mukesh Ambani, Anil Ambani, Nina Kothari and Dipti Salgaoncar.
The Reliance Industry was divided between Mukesh and Anil Ambani in 2002 following the tragic death of Dhirubhai Ambani. Mukesh inherited the petrochemical operations. The world's largest community-based petroleum refinery was built under the direction and leadership of Mukesh Ambani. He also owns the telecom services Jio and Network18 media company. According to Forbes, Mukesh Ambani is currently the wealthiest person in Asia, with a net worth estimated to be around USD 98.2 billion.
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On the other hand, Mukesh’s younger brother, Anil Ambani got Reliance Power, Reliance Infrastructure, Reliance Capital, Reliance Entertainment, Reliance Health, Reliance Naval and Engineering Limited. As per multiple reports, Anil Ambani had a net worth of USD 1.7 billion in 2019. However, in 2020, he was declared bankrupt.
Unlike her brothers, Deepti Salgaoncar stays away from the limelight but is often seen at family gatherings. She is married to Goa-based businessman, Duttaraj Salgaoncar. He is the owner and Managing Director of V.M. Salgaocar Group of Companies. Deepti is the vice-chairperson and advisory board member of a cultural centre, Sunaparanta, founded by her husband.
Nina has built her own empire and made a name for herself in the business world as the Chairperson of Kothari Sugars and Chemicals Limited. Nina got married to Shyam Kothari, owner of Kothari Sugars and Chemicals in 1986. Her journey as a businesswoman began when she founded a coffee and food chain called Javagreen in 2003. It was in 2015 when Nina’s husband, Bhadrashyam Kothari passed away due to cancer, leaving the family's responsibility to her. She took the helm of their family business, Kothari Sugars and Chemicals Limited.
Gautam Adani is one of the most renowned names in the business world. Born to Shantilal Adani and Shantaben Adani, Gautam has five brothers and one sister. Gautam is the founder and chairman of the Adani Group, an Ahmedabad-based multinational company that deals in operations related to port developments in India. With an estimated net worth of USD 62.2 billion, Gautam was included in the 100 most influential people in the world in 2022.
Gautam Adani’s elder brother, Vinod Shantilal Adani is also one of the leading business tycoons. Vinod is a Dubai-based Indian billionaire, who had garnered a lot of limelight in 2022 for becoming the sixth richest Indian in the world. With his businesses in Dubai, Jakarta and Singapore, Vinod has a fortune of USD 20.42 billion.
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The other brothers of Gautam Adani are Vasant S. Adani, Mahasukh Adani, Mansukhbhai Adani, and Rajesh Shantilal Adani, who have chosen to stay away from the limelight. Gautam has a sister too, whose details are not available on any public platform.
Shashi Ruia and Ravi Ruia, popularly known as the Ruia brothers are the Indian billionaires, who founded the Essar Group in 1969. The Ruia brothers played a significant role in steering the Essar Group to great heights. The multinational conglomerate deals in the sectors of steel, oil and gas, power, communications, shipping, ports and logistics.
In 2012, the Ruia brothers were named the richest Indians by Forbes with a net worth of USD 7 billion. However, the brothers saw a fall in their wealth after falling into debt. In 2017, they repaid their USD 20 billion debt. The Ruia brother’s current net worth is reported to be USD 2.2 billion.
The multi-billion conglomerate, Hinduja Group is one of the biggest conglomerates in India. Founded in 1914 by Premanand Deepchand Hinduja, the company was established to set up trade links between India and Persia. Hinduja Hospital and Hinduja Foundation are the two philanthropic projects under PD Hinduja. He and his wife, Jamuna left behind the family business and legacy for their children, Srichand, Gopichand, Prakash and Ashok.
The four siblings, Srichand, Gopichand, Prakash and Ashok diversified the growth of the company and transformed it into an international conglomerate. The group deals in seven different sectors, banking and finance, IT and ITeS, cyber security, trading, infrastructure, media and entertainment, automotive, oil and speciality chemicals, power and real estate.
The eldest, Srichand Hinduja, who made the Hinduja group a global name passed away in May 2023 in London. Gopichand Hinduja also lives in London, whereas Prakash Hinduja resides in Monaco and Ashok Hinduja oversees the work from Mumbai. With a combined net worth of USD 15.2 billion, the Hinduja brothers were ranked 8 in India’s richest list in 2022 by Forbes.
Lakshmi Niwas Mittal, commonly known as Lakshmi Mittal is one of the most famous Indian Billionaires in the world. Lakshmi Mittal’s father, Mohanlal Mittal ran a steel business, Nippon Denro Ispat. Despite having a family business of steel, Lakshmi Mittal split from his siblings to establish Mittal Steel. In 2006, Mittal Steel merged with Arcelor and the new company was called ArcelorMittal.
Lakshmi Mittal is one of the richest Indians based in the United Kingdom with a net worth of USD 18.3 billion. Lakshmi Mittal has two brothers, Pramod Mittal and Vinod Mittal and a sister, Seema Lohia. Lakshmi Mittal’s sister, Seema is married to an Indonesian businessman, Sri Prakash Lohia, founder and chairman of Indorama Corporation.
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The less prominent brothers of Lakshmi Mittal, Pramod and Vinod announced plans to foray into Ispat telecom. The two brothers ended their foray into steel owing to huge debts. As per a report in a UK-based news daily, Pramod had filed for bankruptcy and owes his debtors 130 million pounds. However, reports also stated that in 2019, Lakshmi had paid off Pramod’s debt to India’s state-run State Trading Corporation of India Limited (STC).
The Godrej family is an Indian Parsi family that owns the 126-year-old Godrej Group. It was established by Ardeshir Godrej in 1897 and is now headed by Adi Godrej, alongside his brother, Nadir Godrej and their cousin, Jamshyd Godrej. The multiple companies under the Godrej group are Godrej Industries, Godrej Agrovet, Godrej Consumer Products, Godrej Properties, Godrej Interio and Godrej and Boyce.
Adi Godrej is the third generation of the Godrej family and is the group's current chairman. One of the most notable companies in India, the Godrej family’s net worth is USD 11.4 billion.
These popular siblings of the Indian business world, who contributed significantly to the Indian economy, proved that family is everything. Which of these siblings did you like the most? Let us know.
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