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Sun 8 Feb 2015 09:16 AM

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Sunil Vaswani tops Indian Rich List with $7.2bn

Stallion Group boss leads list for first time, followed by Feroz Allana and Dr Ravi Pillai

Sunil Vaswani tops Indian Rich List with $7.2bn
Stallion Group chairman Sunil Vaswani.

Stallion Group chairman Sunil Vaswani has topped the Arabian Business GCC Indian Rich List for 2015, with an estimated net worth of $7.2 billion.

Click here to see a guide to this year's list.

Altogether, 11 billionaires make this year’s list, with the total wealth of the Gulf’s 50 richest Indians valued at just over $50 billion.

In second place is last year’s top-placed entry, IFFCO’s Feroz Allana, who is worth $4.5 billion. RP Group’s Dr Ravi Pillai rose to third place, with $3.6 billion.

Dr Pillai is followed by NMC Healthcare founder BR Shetty ($3.3 billion), while the top five places are rounded out by LuLu International managing director Yusuffali MA, who is worth $3.21 billion.

Real estate mogul Ashok Uttamchandi is the last-placed entry on this year’s list, with $240 million.

You can read an exclusive interview with the Gulf’s richest Indian, Sunil Vaswani, here.

Click here to see a guide to this year's list.

Arabian Business: why we're going behind a paywall

H. Dadlani 5 years ago

Congrats , Mr Vaswani .
May you reap more and remain Healthy and Happy always.
GOD Bless you.

Bhaskar 5 years ago

Hope that, unlike most other Indian business men, some of the money is being given to charity to take care of the less fortunate.

Rajesh 5 years ago

Where is Landmark Group's Micky Jagtiani ?

Satish 5 years ago

A distinction has to be made in this list between people of Indian Origin and Indians- Several names on this list including Mr Vaswani hold either British or Omani citizenship,

hiro bachani 5 years ago

dear editor- many thanks for highlighting this great person sunil vaswani- not because he is worth 7.2 billion but because his group will soon add 1 million jobs- the stallion group should be nominated for the nobel prize if and when they create the million jobs- i.e. a million livelihoods-- congrats to sunil and family - regards- hiro bachani- mg. director- of merlin digital dubai

Canuck 5 years ago

One Million jobs?? That would be the largest company in the history of the world. That's quite the endeavour. Perhaps you mean 100 jobs....maybe 1000.

kumar 5 years ago

Abdul Razak Allana,the Chairman and Founder of Allana Group and Iffco Group who passed away is survived by his wife and three sons - Feroz, Irfan and Shiraz. While, Irfan looks after Indian operations and is the President of the All India Meat & Livestock Exporters Association, Feroz and Shiraz handle UAE operations.

A T Brito 5 years ago

Good note. How can you miss Middle East's retailing juggernaut? :)

Arun Ahuja 4 years ago

Not sure about the quality of research that has gone into these calculation. Numbers, for many of the people on this list look quite exaggerated and absurd.
Since most of these are privately held companies, I can understand that difficulty in accurately accessing the numbers but still some of the numbers look massively stretched