Quite a many major industry segments in India are doing very well in India producing billionaires. Making a positive impact on the Indian economy by catering to the needs of both domestic market and exports, several industry segments are outperforming the others. Here are the top 10 industry segments in the country that have produced the maximum number of billionaires as per the Hurun Report.
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1. Pharmaceuticals
Pharmaceuticals in India have produced the highest number of billionaires numbering 137. The richest person from this industry segment is Poonawalla with a net worth of INR 88,800 crores. Indian is the largest supplier of generic drugs to the world. India fulfills more than 50 percent of the global need for different vaccines, 40 percent of the generic medicine demands of the US and 25 percent of the total medicine needs of the UK.
2. Software & Services
The software and services sector has produced 73 billionaires, the second largest number in India on the Hurun Report. The richest person in this industry segment is Azim Premji with a net worth of INR 1,17,100 crores. India has some industry leaders in this segment including Infosys, Wipro, TCS and Tech Mahindra that provide diverse kinds of products across different industry segments.
3. FMCG
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FMCG industry segment in India has produced 59 billionaires and hence stands in the third rank for producing the highest number of billionaires. The richest person from this segment is Nusli Wadia & Family with a net worth of INR 42,200 crores. In the fast-moving consumer goods segment, household and personal care products alone account for 50 percent of the sales.
4. Chemicals and Petrochemicals
Producing 57 billionaires, the chemicals and petrochemicals segment in India stands in the fourth position for producing the highest number of billionaires. Sri Prakash Lohia with a net worth of INR 40,500 crores is the richest one from this segment. The dominant players in this segment are Reliance Industries Ltd (RIL), Indian Petrochemicals Corporation Ltd. (IPCL), Gas Authority of India Ltd. (GAIL) and Haldia Petrochemicals Ltd. (HPL)
5. Automobiles & Auto Components
The fifth one in the list of industries producing the highest number of billionaires is the automobiles and auto components sector in India producing 45 billionaires. The wealthiest person from this sector is Rahul Bajaj & Family with a net worth of INR 60,700 crores. India is among the largest markets in the world and also among the leaders in the commercial vehicles manufacturing segment.
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6. Construction & Engineering
Construction engineering sector in India has produced 45 billionaires and thus stands in the sixth position among the
producing the highest number of billionaires. The richest in this sector is P Pitchai Reddy enjoying a net worth of INR 13,400 crores. Tis segment is one of the largest employers in India and makes a significant contribution to the nation’s economy.
7. Financial Services
The financial services sector in India has produced 43 billionaires with the richest person Uday Kotak having a net worth of INR 94,100 crores. This segment comprises commercial banks, co-operatives, non-banking financial companies, insurance companies, mutual funds, pension funds, and other smaller financial entities.
8. Food & Beverages
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The total number of billionaires in Indian that have made their wealth in the food and beverages sector is 39. This makes this industry segment eighth member in the list of top 10 industries producing the highest number of billionaires. The wealthiest person from this sector is Ravi Jaipuria & Family and the family’s net worth is INR 11,500 cores. India’s food and beverage industry makes up the major part of the Consumer Packaged Goods (CPG) industry.
9. Textiles, Apparels & Accessories
The textiles, apparel and accessories segment in India has produced 36 billionaires and this segment is ranked the ninth among the top 10 industry segments that have produced the highest number of billionaires. The wealthiest person from this sector is Harish Ahuja having a net worth of INR 5,900 crores. Indian textile industry is one of the oldest in the world and highly varied in terms of deliverables.
10. Real Estate
The real estate sector in India has produced 33 billionaires and thus it stands in the tenth position among the industry segments that have produced the highest number of billionaires. The wealthiest person from this segment is Jitendra Virwani and his net worth is INR 29,900 crores. The real estate sector in the country is among the most recognized sectors across the globe. The four sub sectors of this segment include housing, retail, hospitality, and commercial.
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