The Indian Rich List 2011: how we did it

  • Share via facebook
  • Tweet this
  • Bookmark and Share
Landmark Group’s Micky Jagtiani is the Gulf region's richest Indian

Landmark Group’s Micky Jagtiani is the Gulf region's richest Indian

Welcome to our first Indian Rich List – the most comprehensive listing of Indian wealth in the GCC published to date.

[Click here to see the full list]

We all know the contributions that Indian business leaders have made to the region over several decades, but just how well have they done for themselves?

Pretty well is the answer, with five billionaires making into our list, led by Landmark Group’s Micky Jagtiani on $3.2bn.

He is followed in second place by Emke Group’s Yussuf Ali in second place on $1.75bn, with NMC boss BR Shetty in third with $1.72bn. At the other end of the scale, propping up the Top 30, is ATA’s Maghanmal Pancholia with $170m.

Our researchers began assessing the wealth of the Gulf ’s Indian community three months ago, and we have looked across the GCC at businesses run by Indians.

As most are private companies, we have estimated the value of their assets, taken the shareholdings into account and a projected company value were it to be floated on the stock market.

We should, as always, state that the figures are purely our estimations, and no doubt there will be some individuals whom we have overlooked.

So did you make the list? click here to find out

Related:
Topics
Join the Discussion

Disclaimer:The view expressed here by our readers are not necessarily shared by Arabian Business, its employees, sponsors or its advertisers.

Please post responsibly. Commenter Rules

Posted by: Ferozkhan

Your work is commendable. I think ETA is also has wealth to be fit into this list. Have you missed it?

Posted by: Bhawna

This list inspires me! Thanks for compling and highlighting extraodinary men and women of Indian origin

Enter the words above: Enter the numbers you hear:

All comments are subject to approval before appearing

Further reading

Features & Analysis
Engines of innovation: TURN8

Engines of innovation: TURN8

Tamara Pupic visited one of the institutions at the centre of...

Rediscovering past glories: Pearl fishing

Rediscovering past glories: Pearl fishing

Pearl fishing was practically wiped out in the Gulf by the influx...

Revealed: How to get a pay rise in 2015

Revealed: How to get a pay rise in 2015

Recruitment experts share their top tips for salary negotiation...

2
Most Discussed
  • 16
    Nakheel PR: The toughest job in Dubai?

    @John...I actually laughed out load at that comment! Having said that..I still believe DAMAC hold the mantal for 'Redefining Trust'... more

    Sunday, 29 March 2015 6:06 PM - Simon
  • 8
    Post traumatic stress?

    I once had a Emirates Post employee hang up on me when I asked her to repeat something. That said, the worst is my management company, Kingfield Management... more

    Sunday, 29 March 2015 6:07 PM - Sarah
  • 2
    Dubai Int'l T1 is too congested, says Indian airline boss

    i am also obliged to travel through Dubai Airport (DXB) in the past and hopefully not in the future. Definitly Mr. Mevlin is absolutly right. The conditions... more

    Sunday, 29 March 2015 6:06 PM - Michael
  • 16
    Nakheel PR: The toughest job in Dubai?

    @John...I actually laughed out load at that comment! Having said that..I still believe DAMAC hold the mantal for 'Redefining Trust'... more

    Sunday, 29 March 2015 6:06 PM - Simon
  • 14
    Has Narendra Modi already lost the plot?

    Gaja - Anil is RIGHT this once! Modi stands for anarchy. Look at the way he is treating the minorities. Do you even for a second believe that he is innocent... more

    Sunday, 29 March 2015 1:42 PM - Ann
  • 8
    Post traumatic stress?

    I once had a Emirates Post employee hang up on me when I asked her to repeat something. That said, the worst is my management company, Kingfield Management... more

    Sunday, 29 March 2015 6:07 PM - Sarah