We have known Rajasthan to be rich. Rich in culture, galore, tradition and flavours. That, however, is not all. Rajasthan is also literally rich. Wealth has always been bountiful in Rajasthan. In various forms, wealth has always been traditional in the state. The richest people in Rajasthan have always had that extraordinary journey of success, it’s what makes them the richest people in Rajasthan. On that note let’s have a look at the billionaires of Rajasthan.
Top Richest People of Rajasthan
Jamnalal Bajaj
Born in 1942, Bajaj founded the Bajaj Group in the 1920s. The group now looks over 24 companies. Born while the British were still in power in India, Bajaj was a close acquaintance of Gandhi. A political leader and an industrialist both, Bajaj was a raging success. Bajaj was adopted by a rich Rajasthani merchant couple. Under the guidance of his father, Seth Bachhraj, Bajaj acquired the skills of a tradesman. Under the British Rule, he received the position of an Honorary Magistrate. Bajaj later resigned from this position in solidarity with the movements led by freedom fighters against the British.
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Kumar Mangalam Birla
Birla is an industrialist billionaire. Chairman of the Aditya Birla Group, he took over the company in 1995. In his 24 year long tenure, he increased the annual turnover of his company from $3.33 billion to 48.33 billion. The Aditya Birla Group is a conglomerate operating in 26 countries. known for their business in the textile and telecom industries in India. Therefore making Mangalam Birla one of the Top Billionaires of Rajasthan.
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Lakshmi Mittal
Earlier this year he stepped down from the CEO position to make way for his son. Mittal now stands as the Chairman of ArcelorMittal. Just like Kumar Birla, Mittal is also one of the top richest Marwaris. Born in northern Rajasthan, he now resides in London. His company produces the highest output globally of steel and mining. Now 70 years old, he has been placed in three Forbes List and has been awarded by the Indian government with the Padma Vibhushan award.
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Hari Singh Ranka
Founder and Chairman of the Modern Group, Ranka is from Bhilwara, Rajasthan. Bhilwara is known for its diverse and high quality textiles and so was the company Ranka founded in 1973 – Modern Woollens. Now expanded, the Modern Group includes suitings, petrochemicals, denim, insulators and more. He now joins the billionaires of Rajasthan club. Ranka is the recipient of State awards from Rajasthan. He was awarded the Udyog Patra and the Silver Shield of the Rajasthan Financial Corporation for his contribution towards industrializing the state.
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Anand Piramal
Born in a small town in Rajasthan, Piramal is now the Executive Director of the Piramal Group. His father, Ajay Piramal, is also one of the top richest personalities of Rajasthan. The Piramal Group is a conglomerate with influence in pharmaceuticals, financial services, real estate and more. Preceding the Piramal, he founded a rural healthcare start-up called ‘Piramal eSwasthya’. After merging his start-up within the Piramal Group itself, it is India’s largest private primary healthcare initiative.
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Sanjiv Goenka
As chairman of the RP-Sanjiv Goenka Group, he is the fifth richest person in Rajasthan. The Group’s business includes power and energy, retail, IT, education, also entertainment and so on. Goenka ranked number 18 in India Today’s list of 50 Most Powerful People in India in 2019.
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If we retrace the history of wealth in Rajasthan, the local Marwari Seth trading class has amassed the most wealth. Four out of the top ten billionaires from India were Marwari in 2007. Synonymous to Rajasthan are its customs. One of these customs is to receive the blessings from Babas. Two entries from our Billionaires of Rajasthan list have started their businesses with this custom. Narayan Baba, a monk from Pilani, blessed the Birla family to become billionaires. Moreover Lakshmi Mittal’s father was blessed by his Baba to receive piles of gold and silver. To become a Top Businessmen in India, you don’t just need wealth but above all to embrace the ties to your roots and humbleness despite your wealth. This is a common trait India’s billionaires on this list share.
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