Business

Top 10 business sectors in India that have also produced the most billionaires

Pharmaceuticals

Pharmaceuticals

Wikipedia

India’s pharmaceutical industry has experienced an unprecedented growth over the past decade. In terms of volume output, it is the 3rd largest in the world and in terms of value, it is the 14th largest. Most interestingly, Indian pharmaceutical companies supply over 50 percent of the world’s requirements across different vaccines. The US imports 40 percent of its generic medicine needs from India while the UK imports 25 percent of its total medicine needs from Indian companies. India’s pharmaceuticals sector has also produced 137 billionaires in total. The richest among them is Cyrus S Poonawalla, whose net worth is ₹88,800 crores.

Software and Services

Software and Services

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Software and services refers to diverse kinds of services and products and some of the leaders in this segment are Infosys, Wipro, TCS and Tech Mahindra. This industry segment has positioned India as a preferred investment destination among global investors, thanks to the cost competitiveness of Indian IT services. This sector has produced the second largest number of billionaires in the country at 73. With his ₹1,17,100 crore net worth, Azim Premji is the richest person in this domain.

FMCG

FMCG

Wikipedia

Fast moving consumer goods sector in India is one of the fastest growing industry domains. Personal care and household products alone contribute to 50 percent of sales in this segment. The factors that help drive growth across this sector include easy access, lifestyle changes and growing awareness. The digital connectivity rising in cities as well as rural areas have promoted sales in this sector through e-commerce portals. This industry sector has produced the third highest number of billionaires in India at 59. The richest person in the FMCG domain is Nusli Wadia & Family having a net worth of ₹42,200 crores.

Chemicals and Petrochemicals

Chemicals and Petrochemicals

Wikipedia

This sector has contributed to around 6% of the national GDP. Some important names in the chemicals and petrochemicals sector in India are Reliance Industries, Indian Petrochemicals Corporation Limited (IPCL), Gas Authority of India Limited (GAIL) and Haldia Petrochemicals Limited (HPL). With a wide portfolio of products across different downstream industries, this industry sector has produced the fourth highest number of billionaires in the country at 57. Mukesh Ambani and Sri Prakash Lohia are among the richest in this domain.

Automobiles and auto components

Automobiles and auto components

Wikipedia

Indian automobiles and components segment is one of the largest in the world as the country is among the top global commercial vehicles manufacturing hubs. Estimates show that by 2025, over 4 million EVs can be sold year on year and by 2030, this number can grow to 10 million per year. This sector has produced 45 billionaires. With a net worth of ₹ 60,700 crores, the richest one in this sector is Rahul Bajaj & family.

Construction and engineering

Construction and engineering

Wikipedia

Construction and engineering sector in India has had a highly positive impact on India’s economy. This sector comprises the largest number of employment providers in the country and over 16 percent of the country’s working population depends on this sector for its livelihood. The sector contributes to over 5 percent of the nation’s GDP. This domain has given rise to 45 billionaires in the nation. The wealthiest busines

Financial Services
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India’s financial services sector comprises of a variety of financial institutions – co-operatives, commercial banks, financial companies of non-banking type, mutual funds, insurance firms, a range of smaller financial entities and pension funds. The factors that drive growth in this sector include the government’s increased focus on financial inclusion, adoption of digital payments, and rising incomes of people. This industry segment is the seventh largest producer of wealthy entrepreneurs numbering 43 billionaires. The richest person from this industry is Uday Kotak, whose net worth is ₹94,100 crores.

Food and beverages

Food and beverages

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Constituting the largest chunk of the nation’s Consumer Packaged Goods (CPG) industry, the food and beverages sector in India is the eighth largest industry in the country. It has also produced the eighth largest number of billionaire entrepreneurs in the nation numbering 39. Notably, this is also a high-profit sector in the country attracting a lot of entrepreneurs. With a net worth of ₹ 11,500 crores, Ravi Jaipuria & Family top the wealthiest list in this domain.

Textiles, apparels and accessories

Textiles, apparels and accessories

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This is one of the oldest industries in the country with a rich tradition and history. India is one of the largest producers of textiles and apparels in the world today. This sector has got one of the most diverse number of offerings to deliver. This industry domain has produced 36 billionaires. Harish Ahuja with a net worth of ₹ 5,900 crores is the richest from this industry domain.

Real estate

Real estate

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India’s real estate sector consists of four sub sectors namely housing, hospitality, retail, and commercial. Notably, this is one of the most recognizable industry domains in the world as India is among the top 10 global housing markets whose prices are appreciating phenomenally. Real estate domain in India has given rise to the tenth largest number of billionaire entrepreneurs with 33 wealthiest persons. The richest one in this sector is Jitendra Virwani who has a net worth of ₹ 29,900 crores.

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