11 Indian Entrepreneurs Debut in World's Richest People List 2012

Bangalore: Amidst economic agitation and uncertainties, 11 entrepreneurs successfully withstanding the testing times have managed to debut in Forbes’ India Rich List, this year. The list is drafted by evaluation of property values and finances. Along with a rank in the Rich List, came an elevation in the financial and social status for the individuals.

Here are the names of 6 among the 11 newcomers in the Forbes’ India Rich List

Hinduja Brothers

Rank: 9

Total assets: $8 billion

Source of Income: Diversified

The four brothers who have residence in London, Geneva and Mumbai have made their place in India rich list this year. Among their Indian operations is forerunner Ashok Leyland which makes for 25 percent share in India’s commercial vehicles market and IndusInd Bank which has a share-value of $3 billion. The brothers also have businesses in defence, energy, petroleum, media and technology sector. The Carltom Terrace, a 70,000 sq.ft. mansion in London belongs to the Hinduja Brothers.

Glenn Saldanha

Rank: 61

Total assets: $1.03 billion

Source of Income: Pharmaceuticals

Glenn, the son of Gracias, founder of Glenmark Pharmaceuticals, is a pharmacist with a MBA degree from New York University. He has been managing the firm since 2000 and took the position of his father after Gracias’ demise in July this year. The Firm’s $756 million venture in drug discovery was the brain-child of Glenn. The company has seven new drugs in process.