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Asian Voice Global India Rich List - 2016
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Gautam Adani
India
Benu Gopal Bangur
India
- $ 5.9bn Infrastructure & Energy - $ 6.3bn Cement nheriting an under-performing cement company in a fam-
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dani Group, controlled by Gautam Adani, is into building and operating ports and power generation & transmission. His rapid rise is said to be not unconnected with encouragement from Narendra Modi. In 2014, he acquired major ports in eastern and southern India. But spinning off his core business from Adani Enterprises resulted in the company’s shares to collapse by 80% in one day in 2015. The group’s muchhyped manufacture of low-cost solar panels has not made much headway, either. However, he has received approval for a coal-mining project in Australia.
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Shashi & Ravi Ruia
India
ssar Group of the Ruias deals in marine construction, offshore support services, oil, steel and energy. Debtladen, in 2014 it de-listed from the London Stock Exchange at a heavy discount as compared to its 2010 flotation price. The same year, it sold its US-based outsourcing firm, Aegis, to France’s Teleperformance as well as its telecom asset in Kenya, Yumobile. It is reported to be planning a stake sale in Essar Oil. The deal could include supply of crude to Essar’s refineries for an extended period. Russia’s Rosneft and Saudi Arabia’s Aramco are said to be in the frame for such an arrangement. 12
ily carve-out in 1992, Benu Gopal Bangur turned it around. Kolkata-based, Shree Cement has in recent years maintained its buoyancy despite bearish demand. While retaining its manufacturing base in northern India, it has set up plants in the east. Since 2002, Bangur’s son Hari Mohan runs the firm, with his grandson Prashant in-charge of strategy. Bangur is reputed to reside in a 51,000 square foot mansion which possesses a temple, home theatre, a gym and volleyball court – a sport he enjoys playing. Bangur has a 65% stake in Shree Cement.
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Energy, Telecom & Logistics - $ 6bn
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Anand Burman & Family
India
FMCG & Natural Health Care - $ 5.8bn
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abur India Limited is one of India’s leading FMCG companies and the world’s largest in Ayurvedic and natural health care. Its FMCG portfolio includes personal care, digestives, fruit juices and skin care. Its products are available in 120 countries, with 30% of its revenues coming from outside India. Two-thirds of the company is owned by the Burman family, with Anand Burman as its chairman. He is also the MD of Dabur Oncology plc UK. The family also has stakes in insurance and property development in Delhi, London and Edinburgh.