Net worth: US$8.8 billion*

Residence: London

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Lakshmi Mittal ranks among the top 10 wealthiest Indian billionaires. He is the chairman and CEO of ArcelorMittal, the world’s biggest steelmaker. Before settling in London and owning several prime properties in what is known as the city’s Billionaire’s Row at Kensington Palace Gardens, the tycoon hailed from a steel clan back in India. He took a separate path from his siblings and founded Mittal Steel, which subsequently merged with France’s Arcelor in 2006. Mittal has sat on the board of directors at Goldman Sachs since 2008 and owns a stake in the Queens Park Rangers football club. In early April 2020, he pledged Rs 100 crores (US$13.09 million) to PM CARES Fund to curb the spread of Covid-19 in India.

Krishna Kumar Bangur

Net worth: US$1.9 billion*

Residence: Singapore

Originally from the Bangur clan of Kolkata but now a proud resident of Singapore, Krishna Kumar Bangur was appointed chairman of Graphite India in 2002. The graphite electrodes production company was set up in 1962 in collaboration with American firm Great Lakes Carbon. It provides supplies to leading steelmakers in India and abroad and is the world’s third largest in its field. The company doubled in revenue to US$507 million for the financial year of 2018, marking a net profit of US$159 million as a result of China’s decision to replace polluting blast furnaces with electric arc furnaces to make steel.

Hinduja family

Net worth: US$12.2 billion*

Residence: London and Monaco

The multinational conglomerate Hinduja Group is run by four siblings: Srichand, Gopichand, Prakash and Ashok Hinduja. The former two live in London, while Prakash lives in Monaco and the youngest, Ashok, remains in Mumbai. The brothers’ real estate portfolio in London includes the historic Old War Office building in Whitehall and the Carlton House Terrace near Buckingham Palace. The group was started by their father, Parmanand Deepchand Hinduja, who traded goods in the Sindh region of India that is now Pakistan before moving to Iran in 1919. It wasn’t until 1979 that the brothers shifted their group’s base from Iran to London. Their businesses range from trucks and lubricants, to other industries such as banking and media.

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 Anil Agarwal and family

Net worth: US$3.1 billion*

Residence: London

A tycoon in the metals and mining business, Anil Agarwal built his empire from a modest scrap metal business into the giant Vedanta Resources with its headquarters in London. It was the first Indian firm to be listed on the London Stock Exchange. That was in 2003. Agarwal started out in the mid-1970s by trading scrap metal collected from cable companies around India and selling it in Mumbai. He also ran a second business at the time by acquiring Shamsher Sterling Corporation in 1976 that manufactured enamelled copper. In late 2018, Vedanta was made private after Agarwal paid more than US$1 billion to acquire the remaining one-third of the company he did not own.

Micky Jagtiani

Net worth: US$1.9 billion*

Residence: Dubai

Micky Jagtiani started out as a London cabby before moving to Bahrain and opening a baby products shop in 1973. Today, he lives in the Middle East and is a retail magnate who founded the Landmark Group. Despite his rise to becoming a billionaire, Jagtiani is said to be known for his modesty in lifestyle. The Dubai-headquartered Landmark Group is present across 22 countries and it is his wife, Renuka, who heads the business as chairman and CEO.

*Net worth figures from Forbes as of April 2020

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