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Rajasthan is also considered the land of merchants, particularly because of the Marwari people. Families from the areas of Jhunjhunu, Sikar, Churu, and Pilani progressed from being traders to industrialists in various fields such as steel, telecommunications, banking, aviation, cement, and retail sectors.
These entrepreneurs started off as ordinary people and went ahead to become owners of companies that eventually became well-known corporations throughout the world.
Below are ten such entrepreneurs from Rajasthan who set up their business empires through growth and expansion.
- Lakshmi Mittal
Arcelor Mittal founder, whose birthplace was Sadulpur, Churu District, built himself up into the owner of the world’s largest steel company. He is famously called the “Steel
King” in international markets.
His fortune is estimated at over USD 15 billion globally.
- Kumar Mangalam Birla
Aditya Birla Group chairman from the Pilani Birla family hailing from Jhunjhunu District owns the multinational corporation that has gained success in many sectors including telecommunications, cement, metals, retail, and finance.
His wealth is valued in the range of USD 13 to 15 billion.
- Rahul Bhatia
One of the two founders of IndiGo Airlines played a key role in making India’s largest airline by market share through the low-cost aviation model.
His net worth is estimated to be around USD 6 billion.
- Sunil Bharti Mittal
The head of Bharti Airtel comes from a Marwari family whose origins can be traced back to Rajasthan. Afterward, Airtel became one of India’s biggest telecommunication companies in Asia and Africa.
He holds assets worth more than USD 8 billion.
- Motilal Oswal
Motilal Oswal belongs to the Marwari community of Rajasthan; he was originally a stockbroker before creating Motilal Oswal Financial Services.
His financial standing is estimated at over USD 1 billion.
- Ajay Piramal
The chairperson of the Piramal Group hails from a famous business group based in Rajasthan; the group operates in the pharmaceuticals, healthcare, financial services, and property development industries.
His personal wealth stands at approximately USD 3 billion.
- Riju Jhunjhunwala
Riju Jhunjhunwala is an industrialist from Bhilwara who gained fame in India’s textile industry due to his company, the LNJ Bhilwara Group, and RSWM Ltd.
His business interests are valued in the high hundred-million to billion-dollar range.
- Hari Singh Ranka
The founder of the Modern Group hailing from Bhilwara has made significant contributions to the growth of the textiles, petrochemicals, denim, and manufacturing industry.
His enterprise value falls within the multi-million to near-billion category.
- Sanjay Agarwal
Sanjay Agarwal is from Jaipur and he created AU Small Finance Bank from his automobile financing firm.
His net worth is estimated at around USD 1.5 billion.
- Radhakishan Damani
The founder of DMart is part of the Marwari community in Rajasthan. He helped build Avenue Supermarts into one of India’s most profitable retail organizations.
He is among India’s richest individuals with a fortune exceeding USD 15 billion.
There have been many instances of Rajasthan-based business communities being involved in Indian entrepreneurial success stories throughout the years. Presently, their firms compete in international markets, demonstrating how businesses originating from small desert settlements have grown into some of the biggest conglomerates in the world.
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