43-44-45 Page 14 new.qxp_A4 Temp 11/11/2016 21:50 Page 44
Asian Voice Global India Rich List - 2016
12 104(100)
Anand Mahindra
Various - $ 1.3bn
India
M
umbai-based Mahindra Group was co-founded by Anand Mahindra’s grandfather. The business today is in manufacturing – in automotive (SUVs), aerospace, agribusiness and defence sectors. It also has a presence in IT and banking (Kotak Mahindra Bank). Its utility aircraft arm in Australia is developing a 10-seater turboprop plane. It has a controlling share in an Italian automotive design company Pininfarina. Mahindra has a joint venture with Airbus to make helicopters in India. It has recently launched an electric scooter designed in Silicon Valley.
104(96)
Asok Kumar and Bobby Hiranandani
Property Development - $ 1.3bn
T
he Royal Group has multiple hotels, office buildings and shopping centres in Singapore, Malaysia, Indonesia and Australia. This includes Sifitel Singapore and Doubletree by Hilton in Kuala Lumpur. Originally Asok Hiranandani and his brother Raj inherited their father’s fabrics business. They expanded their shops to 20 outlets as well as diversifying the business. In 2012 they divided their assets and started out separately. Asok’s part of the enterprise was joined by his son Bobby and they run the group together.
44
Singapore