homephotos Newsbusiness NewsPharmaceuticals to Industrial Products: India's wealthiest industries unveiled in latest Hurun rich list

Pharmaceuticals to Industrial Products: India's wealthiest industries unveiled in latest Hurun rich list

SUMMARY

The 360 ONE Wealth Hurun India Rich List for 2023 has brought some fascinating insights into the wealth landscape of India's top individuals. With 133 individuals on the list, the Pharmaceuticals industry leads the pack, followed by Chemicals & Petrochemicals with 110 individuals and Industrial Products with 96 individuals. The star of this year's list appears to be the Industrial Products sector, with a remarkable 87% wealth creation, possibly attributed to post-pandemic demand and listing gains, along with the addition of 34 new faces. Here are the key highlights from the report:

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By Anand Singha  Oct 11, 2023 10:05:30 PM IST (Published)

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Pharmaceuticals Dominates: The Pharmaceuticals sector is the frontrunner, boasting 133 individuals on the list. This industry experienced a notable increase, adding seven individuals compared to the previous year. The cumulative wealth of these pharmaceutical magnates witnessed an 18.50% increase. The richest individual in this sector is Cyrus S Poonawalla. (Image: Wikimedia commons)

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Chemicals & Petrochemicals: With 109 individuals on the list, the Chemicals & Petrochemicals industry follows closely. It, too, saw an uptick of seven individuals in the list, leading to a 2.80% increase in cumulative wealth. Ina Ashwin Dani & family top this industry's rich list. (Image: CNBC-TV18)

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Industrial Products Surges: The Industrial Products industry stands out as one of the most significant movers. It added a remarkable 33 new individuals to the list, marking an 86.80% surge in cumulative wealth. Ramesh Kunhikannan is the richest individual in this sector. (Image: Shutterstock)

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Software & Services: The Software & Services sector, with 92 individuals, saw the addition of eight new entrants. This resulted in an 18.10% increase in cumulative wealth, with Shiv Nadar & family leading the way. (Image: Reuters)

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Automobile & Auto Components: The Automobile & Auto Components industry, with 73 individuals, welcomed 13 new faces. Cumulative wealth in this sector rose by 18.40%, and Niraj Bajaj & family claimed the top position. (Image: Twitter)

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Financial Services in the Mix: The Financial Services sector, with 70 individuals, added nine newcomers to the list, resulting in a 9.50% increase in cumulative wealth. Uday Kotak is the richest individual in this category. (Image: CNBC-TV18)

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Textiles, Apparels & Accessories Boom: The Textiles, Apparels & Accessories industry saw substantial growth, with 65 individuals on the list. An impressive 24 new entrants contributed to an 18.80% increase in cumulative wealth. Ravi Modi leads in this sector.(Image: Twitter)

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Construction & Engineering Soars: The Construction & Engineering industry experienced remarkable success, with 64 individuals and 21 new additions to the list. This sector witnessed a striking 78.50% increase in cumulative wealth, with P Pitchi Reddy at the forefront. (Image: Instagram)

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Real Estate Gains Ground: The Real Estate sector, with 52 individuals, saw nine new entrants. This contributed to a notable 26.80% increase in cumulative wealth, with Rajiv Singh & family leading the pack. (Image: Twitter)

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Jewellery Shines Bright: The Jewellery industry, with 51 individuals, welcomed 14 new faces, resulting in a 33.40% increase in cumulative wealth. Joy Alukkas is the richest individual in this category. (Image: Wikimedia commons)

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Furthermore, the report highlights that 28% of the individuals on the list sell services, while 72% deal in physical products. Additionally, 55% of the individuals are consumer-facing, while 45% are involved in business-to-business (B2B) industries. (Image: Shutterstock)

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