Telangana has the sixth largest variety of billionaires in India whereas Hyderabad ranks fourth, in response to Hurun India Wealthy Listing 2021. As many as 56 people and households from Hyderabad have wealth of greater than Rs 1,000 crore. Town added 5 billionaires over the last one yr.
The state has a complete of 63 billionaires, eight greater than 2020. Three from Hyderabad have made it to the listing of 100 richest Indians.
Murali Divi, a US-trained scientist and founding father of Hyderabad-based Divi Laboratories, a drug analysis agency is the richest Hyderabadi and 14th richest individual within the nation with a wealth of Rs 79,000 crore. His wealth elevated by 61 per cent over a yr. He was ranked seventeenth final yr.
B. Parthasaradhi Reddy and the household of Hetero Labs ranks 58 within the listing of wealthiest Indians, in opposition to 81 final yr. They’ve a wealth of Rs 26,100 crore, a development of 88 per cent in a yr.
The wealth of P.V. Ramprasad Reddy of Aurobindo Pharma Group has decreased by six per cent. He ranks 86, a drop of 33 positions. Based mostly in New Jersey, he has a wealth of Rs 19,000 crore.
All of the three billionaires from Hyderabad featured within the listing of 100 richest Indians come from pharma, as soon as once more proving why Hyderabad is known as the pharmaceutical hub of the nation.
In accordance with the report, the Pharma sector contributes the best to the listing of richest Indians with 130 entries that features 40 billionaires. In 2021, the sector witnessed a 43 per cent development in cumulative wealth in comparison with 36 per cent in 2020. The pharmaceutical sector added 12 names to this yr’s listing and added Rs 3,45,900 crore wealth this yr.
With 255 people Mumbai tops the listing of richest India adopted by New Delhi (167), Bengaluru (85). Hyderabad retained the fourth place. Chennai overtook Ahmedabad in fifth place.