Jwalit Vyas & Suraj Sowkar, ET Bureau | 16 Sep, 14
With Indian equity markets scaling new highs, the number of Indians on the global billionaires list is also on the rise. Qimat Rai Gupta of Noida-based Havells India and Irfan Razack of Bangalore-based Prestige Estate were recent entrants to the list.
A few more entrepreneurs could soon join them. They are those who started young, had the courage to do things differently and worked hard over the years to build a strong presence in their respective industries.
BHADRESH SHAH, 61
Founder and MD, AIA Engineering
Networth: Rs 5,830 cr
A metallurgy engineer from IIT Kanpur, Bhadresh Shah started his company with a small foundry in 1975, and transformed it into a niche manufacturer of high-chromium castings used for mining, cement and quarry industries besides power utilities.
Now with its capacity projected to double by 2015, AIA is on its way to emerging as the world leader in this business, edging past Belgian rival -Mogatteaux .
Its clients include cement giants - Lafarge of France, Holcim of Switzerland, Cemex of Mexico and mining giants Anglo Platinum and Barrick Gold.
Shah's net worth rose 211% in the past one year as demand for his company's products has risen significantly with a revival in the global economy.
Going by target prices given by analysts, it may not be a surprise if Shah enters the billionaires list over the next few days.
PRATHAP C REDDY, 81
Chairman, Apollo Hospitals
Networth: Rs 5,595 cr
A cardiologist, Chennai-based Prathap Reddy turned entrepreneur in 1979, moved by the experience of a young man died after he could not be treated in India and who lacked the resources to go to the US for treatment.
Reddy founded the first Apollo hospital in Chennai in 1979, the first such corporate venture in the field of health care in India and grew it into a chain of hospitals.
This chain now owns 40 hospitals and manages 14 hospitals in India, Sri Lanka, Bangladesh, Ghana, Nigeria, Mauritius, Qatar, Oman and Kuwait treating patients from 120 countries.
With the rising penetration of insurance in the healthcare sector and rapid expansion, Reddy's net worth has more than quadrupled in the past five years to Rs 5,595 crore.
Apollo's success is now a case study in Harvard University.
GEORGE A MUTHOOT, 59
Chairman & MD, Muthoot Finance
Networth: Rs 6,009 cr
The promoter of India's largest gold financing company, George Alexander Muthoot took charge of the business in February 1993, after his father's death.
Muthoot Finance, founded by his father in 1939, had a loyal customer base.
However, under George's leadership, the company has grown multi-fold. In the last five years, its loan book grew by Rs 7,300 crore to close to Rs 21,000 crore now while its branch network more than doubled during the same period.
In the past one year, demand for gold loans was subdued due to a slowdown and stringent regulatory norms.
But with signs of a pick-up, demand is expected to rise from the second half of this fiscal.
In anticipation, the company's stock has surged 82% since the beginning of 2014 and so has George Muthoot's networth.
A few more entrepreneurs could soon join them. They are those who started young, had the courage to do things differently and worked hard over the years to build a strong presence in their respective industries.
BHADRESH SHAH, 61
Founder and MD, AIA Engineering
Networth: Rs 5,830 cr
|
Now with its capacity projected to double by 2015, AIA is on its way to emerging as the world leader in this business, edging past Belgian rival -Mogatteaux .
Its clients include cement giants - Lafarge of France, Holcim of Switzerland, Cemex of Mexico and mining giants Anglo Platinum and Barrick Gold.
Shah's net worth rose 211% in the past one year as demand for his company's products has risen significantly with a revival in the global economy.
Going by target prices given by analysts, it may not be a surprise if Shah enters the billionaires list over the next few days.
PRATHAP C REDDY, 81
Chairman, Apollo Hospitals
Networth: Rs 5,595 cr
|
Reddy founded the first Apollo hospital in Chennai in 1979, the first such corporate venture in the field of health care in India and grew it into a chain of hospitals.
This chain now owns 40 hospitals and manages 14 hospitals in India, Sri Lanka, Bangladesh, Ghana, Nigeria, Mauritius, Qatar, Oman and Kuwait treating patients from 120 countries.
With the rising penetration of insurance in the healthcare sector and rapid expansion, Reddy's net worth has more than quadrupled in the past five years to Rs 5,595 crore.
Apollo's success is now a case study in Harvard University.
GEORGE A MUTHOOT, 59
Chairman & MD, Muthoot Finance
Networth: Rs 6,009 cr
|
Muthoot Finance, founded by his father in 1939, had a loyal customer base.
However, under George's leadership, the company has grown multi-fold. In the last five years, its loan book grew by Rs 7,300 crore to close to Rs 21,000 crore now while its branch network more than doubled during the same period.
In the past one year, demand for gold loans was subdued due to a slowdown and stringent regulatory norms.
But with signs of a pick-up, demand is expected to rise from the second half of this fiscal.
In anticipation, the company's stock has surged 82% since the beginning of 2014 and so has George Muthoot's networth.
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