Forbes' list of richest Indians welcomes three new entrants

Forbes India's annual ranking of the 100 wealthiest individuals features three fresh faces this year, including 74-year-old KP Ramasamy.

Known for founding and presiding over KPR Mill, a textiles and sugar conglomerate, Ramasamy secured the 100th position on the list with a substantial net worth of Rs 19,133.7 crore.

Hailing from a farming family and having left college prematurely, KP Ramasamy's success story is extraordinary. In 1984, he established KPR Mill, which has evolved into one of India's premier garment export businesses. In 2013, he diversified his business interests, venturing into sugar production, and in 2019, he launched Faso, a men's innerwear brand.

KPR Mill is renowned for its significant annual production of 128 million garments, ranging from sportswear to sleepwear. These products are distributed globally through partnerships with retail giants like H&M, Marks & Spencer, and Walmart.

Joining KP Ramasamy are two other noteworthy entrants to the Forbes list. The Dani Family, responsible for the operations of Asian Paints, holds a substantial net worth of ₹67,841.77 crore.

Renuka Jagtiani, who assumed the role of Chairperson and CEO of Landmark Group following her husband Micky Jagtiani passing earlier this year, possesses a net worth of ₹39,931.20 crore.

Topping the list is Mukesh Ambani, Chairman of Reliance Industries, with a remarkable net worth of $92 billion. The second position is secured by Gautam Adani, Chairman of the Adani Group, with a net worth of $68 billion, while Shiv Nadar, the founder of HCL, takes the third spot with a net worth of $29.3 billion.