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Asian Voice Global India Rich List - 2016
95(61)
95(103)
Nusli Wadia Group
Various - $ 1.5bn
India
T
he Wadia Group was founded in the mid-18th century. Its marine construction company built the first ships for the British navy outside the UK. Its interests today include Bombay Dyeing and Manufacturing Company, Bombay Burmah Trading Corp and priceless properties in Mumbai. It also promoted Go Air, a no frills domestic airline in India. The group’s present chairman Nusli Wadia is the grandson of Muh ammad Ali Jinnah, the father of Pakistan. He is helped by his sons in the running of the business. One of them Ness has a stake in IPL Twenty20 cricket franchise King’s XI Punjab.
95(91)
Radhe Shyam Agarwal
Health & Personal Care Products - $ 1.5bn
E
mami is a booming listed Kolkatabased health, beauty and personal care concern. Originally a manufacturer of herbal products, which was incurring losses, it was acquired by Radhe Shyam Agarwal and his close friend Radhe Shyam Goenka in 1978 before being turned around. Its pharmacy chain Frank Ross provides an online service. Agarwal and Goenka also enjoy a stake in Emami Paper, India’s largest newsprint manufacturer. 40
India
Yusuf Hamied
Pharmaceuticals - $ 1.5bn
India
A
PhD in chemistry from Cambridge University, Yusuf Hamied, son of a Muslim father (who was a disciple of Mahatma Gandhi) and Jewish Russian mother, took over CIPLA in 1972 after Hamied senior’s death. One in every three AIDS patient in Africa is treated by a CIPLA drug. It also makes a drug to tackle Hepatitis C. Besides, the company also makes a range of generic medicines and has subsidiaries in the US, Europe and South Africa. But his net worth has continued to dwindle in the face of competition. Hamied, now non-executive chairman of the firm, donated a new centre named after him at Christ’s College, Cambridge in 2009. It houses a theatre with an associated bar, music practice room and gym.
95(91)
Radhe Shyam Goenka
Health and Personal Care Products - $ 1.5bn
E
India
mami is a booming listed Kolkata-based health, beauty and personal care concern. Originally a manufacturer of herbal products, which was incurring losses, it was acquired by Radhe Shyam Goenka and his close friend Radhe Shyam Agarwal in 1978 before being turned around. Its pharmacy chain Frank Ross provides an online service. Goenka and Agarwal also enjoy a stake in Emami Paper, India’s largest newsprint manufacturer.