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Bangalore's Richest Businessmen
By siliconindia
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Tuesday, 01 November 2011, 02:26 IST
9. S.D. Shibulal:
S.D Shibulal is the sixty second richest Indian. He is also one among the Infosys founders and at he is the CEO of Infosys technologies after Kris resigned in August 2011. He was the CFO of the company from the year 2007 and had controlled the U.S. business. His daughter Shruthi who is currently doing her masters in Columbia business school possesses 2 restaurants in Bangalore. The company is investigated in the charge of visa fraud in U.S. Shibulal is worth $890 million.
10. Kiran Mazumdar-Shaw:
She is the sixty third richest Indian as listed by Forbes. The Indian capitalist Kiran is the MD and Chairman of Biocon India, a Bio technology company. The Bangalore based company produces industrial enzymes and is worth $566 million. The largest bio tech firm of India manufactures drugs for diabetes, cancer and auto immune diseases. This year the company faced losses due to the failure in clinical trials. The company made a deal with Pfizer worth $350 million to promote their insulin worldwide. It also invested $161 million in a new research and a factory in Malaysia's bio tech park. Her total worth is $875 million.
