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This steel titan is set to control the world's largest steel company when his Ispat International and LNM Holdings acquire International Steel. Combined entity will be $30 billion (sales) Mittal Steel, 88%-owned by Mittal himself.
Owns 84% of $1.3 billion (sales) Wipro, India's second-biggest infotech company. Riding outsourcing wave. Recently traded his eight-year-old Ford Escort for a new Toyota Corolla.
#3
Ambani, Mukesh & Anil
$6.4 billion / Mumbai
Two years after the death of their father, Reliance group's founder Dhirubhai Ambani, brothers are feuding: Older son Mukesh reportedly wants control of the $22 billion (sales) diversified group. News of rift, which became public in November, sent stock tumbling.
Fourth-generation head of $6 billion (sales) commodities conglomerate,with operations in nine countries, including palm oil in Malaysia. India?s largest cement producer.
Construction tycoon benefiting from 18.4% stake in Tata Sons, holding company of Tata conglomerate. Newly listed Tata Consultancy Services recently worth $13 billion. Rarely seen in public.
His Bharti group, the country's largest GSM-based cellular service provider, is benefiting from India's booming middle class.New venture to export fruits and vegetables with the Rothschild family.
From modest beginnings in his garage, built and still chairs $1.2 billion (revenues) HCL Group, a leading infotech provider.Commutes between California and Delhi.
#8
Godrej, Adi & family
$1.9 billion / Mumbai 62. Married. 3 Children.
Third generation to head $1 billion (sales) Godrej Group, whose businesses include soaps, hair dyes, office furniture and mosquito repellent. One of Mumbai's biggest landowners, has benefited from rising real estate prices.
With loan from his father started manufacturing psychiatric drugs in 1983. His Sun Pharmaceuticals has a stake in Caraco Pharmaceutical Labs, a U.S. generic drug company.
Two brothers inherited family's 33.5% stake in leading pharmaceuticals firm Ranbaxy Laboratories five years ago because of the premature death of their dynamic father, Parvinder Singh. Older brother Malvinder was recently named to its board, while Shivinder looks after a subsidiary.