Top 20 Richest Women in India
The cumulative wealth of the top 100 women in India rose by 53% during the past five years, amounting to Rs4,16,970 crore, or about 2% of the country’s nominal GDP. As of December 31, 2021, these women are worth a combined $1,054 billion. The list includes the top 20 richest women in India and ten other women with net worths over $50 million.
Forbes ranked Renu Munjal as the richest woman in India. She has an estimated net worth of Rs. 8,690 crore and holds stakes in paper, cement, and manufacturing industries. She is also a board director at Hero MotoCorp and manages a vocational training center. The former teacher began her career in education before joining her family’s business. Other women who hold high net worths include Malika Chirayu Amin, CEO of Alembic Pharmaceuticals, and Ritu Varma, a former employee of the family.
Another woman with a high net worth is Kanika Krishnamurthy. The mother and daughter duo founded a startup called JetSetGo in 2012, which is considered India’s Uber of the skies. The company is a pioneer in the private jet and helicopter charter industry. Its founders have been accused of casual sexism and have battled cancer in the past. Their firm is the largest market place for private jet and helicopter charters in the world.
Born in London, Jayshree Ullal has worked in the technology sector for over a decade. She studied electrical engineering and business administration at the University of California, San Francisco, before joining Arista Networks as CEO. Arista has since gone public with revenues of USD 2.3 billion. Ullal owns 5% of the company. Her wealth has grown with her company’s revenue, and she is expected to be a billionaire by 2020.
At the age of 45, Jayshree Ullal is the youngest billionaire in India. Her net worth is USD 1.4 billion and she owns about 5 per cent of Arista stock. Born in London, she was raised in India. She co-founded the company Syntel with her husband Bharat Desai, and now owns around $1 billion in equity. In October of 2018, Atos SE bought the company for USD 3.4 billion.
The latest Hurun report has revealed that Radha Vembu is one of the top 10 richest women in India, with a net worth of $1.5 billion. She is the co-founder and executive director of Zoho Corporation. She has been working in the software industry for over 20 years, and has built her company into a global leader with over 4,000 employees. Vembu was born in Tamil Nadu, and studied computer science at the Indian Institute of Technology in Madras.
Radha Vembu has a net worth of Rs 129 thousand crores, mainly due to her stake in the cloud software company Zoho. The two Vembu siblings are also among the top 100 richest women in India, ranking 55th in the Forbes India Rich List 2021. Their combined net worth is over Rs 285 billion. It’s not clear how much of her wealth is attributable to her family, but the Vembu siblings are making big money – with a net worth of more than Rs 285 billion.
Malika Chirayu Amin
She is the CEO of Hero FinCorp and the former Executive Director of Hero MotoCorp. She has a net worth of around Rs 8,690 crore, which is a high figure for a woman. She is also an active member of several CSR programs. The CEO of Alembic Pharmaceuticals, Malika Chirayu Amin is also one of the top 20 richest women in India.
Forbes lists of the world’s wealthiest women also highlight some of the more successful Indian women. The biggest names in the world in technology are dominated by women. The top 20 richest women in India are from the pharmaceutical, textile, and financial services industries. Twenty-five of them live in Mumbai, while 20 live in New Delhi and 10 are based in Hyderabad. There are eight billionaires in this list, and the average age is 53.
Falguni Nayar is a Gujrati entrepreneur. She is the founder of Nykaa, a leading e-commerce website that defies gender stereotypes. Her company is set to become India’s first unicorn when it goes public in October. Falguni’s father, who is also a Nobel Laureate, helped her to learn the ropes of business management from his father. She eventually went on to graduate from Sydenham College of Commerce and Economics and subsequently from the Indian Institute of Management in Ahmedabad. She married Sanjay Nayar in 1987.
The founder of Nykaa, Falguni Nayar is one of India’s richest women. Her company is a fashion and beauty e-tailer. It has a market value of $13 billion, making it the first unicorn in India that is run by a woman. Falguni Nayar owns half of Nykaa, boosting her net worth to over $6 billion. She is also one of the youngest self-made billionaires in the world.