The spotlight is back on India’s billionaires and millionaires as the M3M India Hurun Rich List is out. Featuring 1,687 ultra-wealthy individuals, the list also includes 13 from Madhya Pradesh, with Indore alone contributing 10 names. (Local18)
The names of the industrialists from Indore included in this list are: Vinod Agarwal, Shyamsunder Mundhra, Sunil Patidar, Vinod Jain, Vinod Kumar Agarwal, Dinesh Patidar, Sunil Choudhary, Vimal Todi, Nitin Agarwal, and Gaurav Anand. (Local18)
Vinod Agarwal has emerged as the richest person from Madhya Pradesh on the list. His wealth is estimated at Rs 9,500 crore. His company, Agarwal Coal Company, is a prominent name in the coal trade. Over the past year, his wealth has increased by a staggering Rs 2,400 crore, representing an increase of approximately Rs 6.57 crore per day. He is ranked 328th on the country’s rich list. (Local18).
Shyamsunder Mundhra is the second-richest person in Madhya Pradesh. Mundhra, the owner of Ujas Energy, has a net worth of Rs 3,410 crore (approximately $1.5 billion USD). His wealth has declined slightly compared to last year. In 2024, with a net worth of Rs 3,500 crore (approximately $1.5 billion USD), he was ranked 709th in the country, and now he is ranked 767th. Ujas Energy operates in solar energy. (Local18).
Sunil Patidar, also from Indore, is third on the list. A founding member of Shakti Pumps, Sunil has a net worth of Rs 2,500 crore (approximately $1.5 billion USD). Shakti Pumps manufactures pumps and motors for the agricultural and industrial sectors. The company is a leader in solar pump manufacturing. (Local18).
Vinod Jain of Shantinath Detergents is fourth with a net worth of Rs 1,940 crore (approximately $1.94 billion USD). His company primarily manufactures detergents and cleaning products. It has a strong presence in the domestic market of Madhya Pradesh and surrounding areas. Jain has been ranked 1,149th on this prestigious list. (Local18).
Vinod Kumar Agarwal of GR Infra Projects is ranked fifth. This company is primarily involved in the construction of roads, highways, and railway projects. The company’s success in the infrastructure sector has earned it the 1,206th position in the national list. (Local18).
Sunil Choudhary is ranked seventh on the list. His company, Rajratan Global Wire, is one of the leading manufacturers of tyre bead wire in India and Thailand. This wire is crucial for strengthening tyres. His company supplies wire to many tyre companies for its manufacture. (Local18)
Vimal Todi of Jaideep Ispat is also on the list, with his wealth estimated at Rs 1,270 crore. Nitin Agarwal of Path Group has a wealth of Rs 1,230 crore. Gaurav Anand of Anand Jewellers is ranked 10th on the list with a wealth of Rs 1,220 crore. (Local18)
