Divi Labs founder richest Hyderabadi; 56 billionaires in city: Hurun India Rich List
Around 56 individuals and families from Hyderabad have wealth of more than Rs. 1,000 crore (Rs. 10 billion), according to Hurun India Rich List, while Telangana has a total of 63 billionaires.
By Sumit Jha Published on 30 Sep 2021 12:47 PM GMT
Murali Divi and B. Parthasaradhi Reddy
Hyderabad: Around 56 individuals and families from Hyderabad have wealth of more than Rs. 1,000 crore (Rs. 10 billion), according to Hurun India Rich List, while Telangana has a total of 63 billionaires. Last year, Hyderabad had 51 billionaires.
Murali Divi, a US-trained scientist and founder of Hyderabad-based Divi Laboratories - a drug research firm, is the richest Hyderabadi and 14th richest person in the country with a wealth of Rs. 79,000 crore, according to IIFL Wealth Hurun India Rich List 2021 released on Thursday. He was ranked 17th last year. His wealth has increased by 61% over a year.
Another billionaire from Hyderabad who made it to the list of top 100 wealthiest persons is B. Parthasaradhi Reddy and family of Hetero Labs with a wealth of Rs. 26,100 crore. His wealth has grown by 88% in a year. He ranked 58th in the wealthiest Indians list.
Meanwhile, the wealth of P.V Ramprasad Reddy of Aurobindo Pharma Group has decreased by six per cent. In March his wealth was around Rs. 22,600 crore which has decreased to Rs. 19,000crore. He ranked 86th this year.
The list of billionaires included Dr. Reddy's laboratories chairman Kallam Satish Reddy, G.V Prasad, and G. Anuradha. However, they are not among the top 100 billionaires in India.
Reliance Industries chairman Mukesh Ambani topped IIFL Wealth Hurun India Rich List 2021 again this year with about 9% change in his total wealth which stood at Rs. 7.18 lakh crore. Ranking second on the list is Adani Group chairman Gautam Adani whose wealth rose by 261 per cent to Rs. 5.05 lakh crore. He jumped two places to secure the second position.
As per the Hurun Rich List, India has 237 billionaires, up 58 compared to last year. While chemicals and software sectors added the greatest number of new entrants to the list, pharma is still at number one and has contributed 130 entrants to the list. The youngest on the list is a 23-year-old, three years younger than the youngest last year.
