Gujarat-born Dilip Shanghvi, who is the founder and managing director of Sun Pharma, appears to have overtaken Mukesh Ambani (57) of Reliance Industries Ltd (RIL) as the richest Indian.
At Thursday’s close of trading on BSE, the Indian pharma business tycoon Shanghvi has over 63% holding in three group companies — Sun Pharma, Sun Pharma Advanced Research and Ranbaxy Labs — is worth about Rs 1.46 lakh crore ($23.42 billion at an exchange rate of 62.34 to the dollar).
In comparison, Ambani, through his 45% holdings in two group companies — RIL and Reliance Industrial Infrastructure — was worth Rs 1.32 lakh crore ($21.2 billion).