Richest Person in Rajasthan 2026: Top 10 Business Leaders & Billionaires

Rajasthan is known for its palaces, culture and heritage, but behind the tourism lies a powerful modern business story. Industries including steel, telecom, banking and aviation have several influential Indian business families and entrepreneurs. All these people have integral connections to the state.

The answer to who is the richest person in Rajasthan depends on how “from Rajasthan” is defined and how frequently wealth estimates are updated. Among the Rajasthan-connected names on this list, Lakshmi Mittal currently has a higher estimated net worth than Kumar Mangalam Birla, according to current Forbes figures. Forbes lists Mittal at about $34 billion and Kumar Birla at about $23.2 billion in September 2026.

This list brings together 10 prominent business leaders and families with roots, birthplace, business connections or other strong links to Rajasthan.

Richest People of Rajasthan at a Glance

Name	Business / Industry	Estimated Net Worth*	Rajasthan Connection
Lakshmi Mittal	Steel and mining	~$34 billion	Born in Rajasthan
Kumar Mangalam Birla	Diversified business	~$23.2 billion	Rajasthani Birla family
Rahul Bhatia	Aviation and hospitality	~$6.8 billion	Rajasthan-connected business family
Piramal family	Pharmaceuticals, finance and real estate	Varies by family member	Rajasthan roots
Bajaj family	Automobiles and diversified businesses	Varies by family member	Rajasthani business family
Bharti Mittal family	Telecom and diversified businesses	Varies by family member	Rajasthan-linked family
Motilal Oswal	Financial services	~$2 billion	Rajasthan-linked business background
Sanjay Agarwal	Banking	~$1.6 billion	Jaipur-based entrepreneur
Hari Singh Ranka	Textiles and manufacturing	Not publicly established as a billionaire	Born in Bhilwara
Kabra family	Manufacturing and industrial businesses	Varies by family member	Rajasthan business connections

Net worth figures fluctuate with markets and are included only where current public estimates are available. Family fortunes are not necessarily attributable to a single individual.

1. Lakshmi Mittal

Lakshmi Mittal is one of the world’s best-known steel magnates and has a strong Rajasthan connection, having been born in Rajasthan. He is the executive chairman of ArcelorMittal, one of the world’s largest steel and mining companies. As of September 2026, Forbes estimates Mittal’s real-time net worth at around $34 billion. His son Aditya Mittal became CEO of ArcelorMittal in 2021, while Lakshmi Mittal continues as executive chairman.

Mittal has also maintained a connection with Rajasthan through business and sport. In 2026, he and his family agreed to acquire a 75% stake in the Rajasthan Royals as part of a deal valued at $1.65 billion. Born in Rajasthan and now based outside India, Mittal’s career represents one of the most significant examples of a business empire with roots in the state expanding onto the global stage.

2. Kumar Mangalam Birla

Kumar Mangalam Birla is the fourth-generation head of the Aditya Birla Group, one of India’s largest diversified business groups. Forbes estimates his current net worth at around $23.2 billion as of September 2026. The group’s interests span cement, aluminium, textiles, telecom, financial services, paints and other industries, with operations across dozens of countries.

The Birla family has deep roots in Rajasthan, and the family’s business history is closely associated with the Marwari trading communities that developed major commercial networks across India. Birla inherited the family business at the age of 28 after the death of his father, Aditya Birla, in 1995. He subsequently expanded the group’s presence across several industries and international markets.

3. Rahul Bhatia

Rahul Bhatia is best known as the co-founder of IndiGo and the head of InterGlobe Enterprises. His wealth is closely connected to aviation, with InterGlobe Enterprises being the largest shareholder in IndiGo’s parent company, InterGlobe Aviation. Forbes currently estimates Bhatia’s net worth at around $6.8 billion.

IndiGo was founded by Bhatia and Rakesh Gangwal in 2006 and has grown into India’s largest airline by domestic market share. Bhatia’s business interests also extend into hospitality and other sectors through InterGlobe. His inclusion here reflects his connection to the wider Rajasthan business community rather than suggesting that he is a Rajasthan-born industrialist.

4. The Piramal Family

The Piramal family is another prominent business family with roots connected to Rajasthan. The family’s business interests span pharmaceuticals, financial services and real estate. Anand Piramal is an executive director of the Piramal Group and has played an important role in its newer businesses. Before joining the family group, he founded Piramal eSwasthya, a rural healthcare initiative that was later integrated into the Piramal Group. The Piramal family’s story is part of the broader history of business families from Rajasthan who built enterprises far beyond the state.

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5. The Bajaj Family

The Bajaj family is one of India’s best-known industrial families, with a business empire spanning automobiles, finance and other sectors. The family’s Rajasthan connection goes back to Jamnalal Bajaj, the industrialist and freedom movement supporter who was adopted by a wealthy Rajasthani merchant family. He developed his business career under Seth Bachhraj and later became closely associated with Mahatma Gandhi and India’s freedom movement. 

The Bajaj Group subsequently developed into one of India’s major business groups, with interests extending far beyond its original trading roots. The family’s wealth today is distributed among several members and businesses, so it is more accurate to discuss the Bajaj family fortune rather than assign one current net worth to Jamnalal Bajaj.

6. The Bharti Mittal Family

The Mittal name appears in more than one major Indian business story. Alongside Lakshmi Mittal’s steel empire, the Bharti family built another major business group through Bharti Enterprises and Airtel. Bharti Enterprises was founded by Sunil Bharti Mittal and grew from its early trading businesses into a major telecommunications and diversified business group. 

The family has also expanded into areas including technology, satellite communications and other investments. The family’s connection to Rajasthan is part of the broader Marwari business network that has historically extended from Rajasthan into commercial centres across India.

7. Motilal Oswal

Motilal Oswal is the co-founder and chairman of Motilal Oswal Financial Services. The company began as a small stockbroking business and expanded into financial services, investment banking, mutual funds and wealth management. Forbes currently estimates Oswal’s net worth at around $2 billion. 

Oswal’s Rajasthan connection also extends into philanthropy and community institutions. His story is another example of a business built from professional services into a much larger financial enterprise.

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8. Sanjay Agarwal

Sanjay Agarwal represents a newer generation of Rajasthan-linked business leaders. He is the founder, managing director and CEO of AU Small Finance Bank, which is headquartered in Jaipur.

Forbes estimates Agarwal’s net worth at around $1.6 billion as of September 2026. Forbes also identifies his source of wealth as banking and lists Jaipur as his residence.

A chartered accountant by training, Agarwal started a finance company in 1996 and eventually transformed it into a bank in 2017. AU Small Finance Bank has since expanded across India, serving retail customers as well as small and medium-sized businesses.

His story gives the list a distinctly modern Rajasthan connection, with Jaipur at the centre of his business journey.

9. Hari Singh Ranka

Hari Singh Ranka is an industrialist from Bhilwara, Rajasthan, a city long associated with the state’s textile industry.

Ranka founded Modern Woollens in 1973, which later developed into the Modern Group, with businesses across textiles, denim, petrochemicals, insulators and related industries. He received the Udyog Patra award and the Silver Shield of the Rajasthan Financial Corporation for his contribution to industrialisation.

Ranka’s story is particularly relevant when looking at the development of Bhilwara as an industrial and textile centre. Unlike the globally documented fortunes of Mittal or Birla, a current public billionaire-level net worth estimate for Ranka is not established in the sources used for this article.

10. The Kabra Family

The Kabra name is associated with several industrial and business enterprises, making the family part of Rajasthan’s wider business landscape. Rather than assigning a single net worth to the entire family, it is more useful to view the Kabrа business story through its individual companies and family members. 

Publicly available figures for individual Kabra family members do not place the family in the same billionaire category as figures such as Mittal or Birla. This distinction matters when discussing lists of the “richest people” because family business wealth, individual wealth and publicly reported company holdings are not interchangeable.

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Rajasthan’s Business Legacy

The wealth associated with Rajasthan has historically been connected to its trading communities, particularly the Marwari business networks that spread from towns and cities in the state to major commercial centres across India. That history has produced business families involved in industries as varied as steel, cement, automobiles, textiles, finance, telecommunications and aviation.

Cities such as Bhilwara, Jaipur and Ajmer also tell different parts of this story. Bhilwara developed into a major textile and industrial centre, Jaipur has become home to newer financial and business enterprises, while Ajmer and the surrounding region have longstanding commercial links with Rajasthan’s wider trading networks.

Frequently Asked Questions

Conclusion

Rajasthan’s business legacy extends far beyond its royal past. Its connections to some of India’s major business families and entrepreneurs span industries as varied as steel, cement, automobiles, textiles, telecom, banking and aviation. Lakshmi Mittal and Kumar Mangalam Birla represent two of the largest fortunes with strong Rajasthan connections, while newer business figures such as Sanjay Agarwal show how Jaipur and other parts of the state continue to play a role in India’s modern business landscape.

Net worth estimates change frequently as markets move, and family fortunes can be difficult to attribute to individual members. This list should therefore be treated as a snapshot of publicly available information rather than a permanent ranking. Rajasthan’s relationship with wealth is ultimately a much bigger story than a list of numbers, stretching from traditional trading networks to some of India’s largest modern business enterprises.