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New Joiners of India 2012 Rich List

By SiliconIndia   |   Monday, 08 April 2013, 12:22 Hrs
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Bangalore: Many people put up debates and doubts about the potential of the Indian economic conditions. However, the fact that the number and wealth of billionaires have been growing over the time, may make them think twice about their opinion. The Forbes list of 2012 rich list consisted of many new comers to join the Riche Rich’s club. With Hinduja Brothers occupying the first position with net worth of $8 billion, read on to explore the other names in the rich league.

1. Hinduja Brothers
Net Worth: $8 billion

Hinduja Brothers made their debut this year and the credit goes to their rehabilitated focus on Indian maneuvers. Among their many ventures, the crowned Ashok Leyland has a 25 percent share of the commercial auto market in India. With a net worth of $8 billion, Hinduja Brothers successfully deserves the first position in the 2012 India Rich List.

2. Glenn Saldanha
Net worth: $1.03 billion

Taking up the responsibility of pharma firm Glenmark Pharmaceuticals after his father’s death Glenn Saldanha, is the new to join the group. Completed his MBA from New York University he has been handling the operations of the company since 2000. Just within one year of taking charge of the company he paved Glenmark Pharmaceuticals entry into drug discovery in 2001, generating revenues worth $756 million.

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