New Joiners of India 2012 Rich List

5. Joy Alukkas
Net worth: $700 million

When majority think about taking a break after finishing high school, Joy Alukkas went to the Gulf in 1987 to open his family's first abroad jewelry store. Later down the line he commenced his own chain of jewelry store named Joyalukkas. Joyalukkas has $1.2 billion in sales from 85 stores in India and the Gulf. He also plans to start Mall Of Joy, a mall which will be one spot shop for Indian weddings.

6. M.A.M. Ramaswamy
Net worth: $650 million

Head of the Chettinad Group, M.A.M. Ramaswamy made his debut in the year 2012. All thanks to the revenues from Chettinad Cement, in which 88 percent stake is owned by him and his family members. The company shares almost gained 72 percent in the year 2011. The company is almost a century old and was commenced in 1912 by Rajah Sir Annamalai Chettiar, M.A.M. Ramaswamy’s grandfather. He is also the chairman of the Madras Race Club.

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