Hyderabad has become the third city with the highest number of billionaires in India, according to the Hurun India Rich List 2024. The city boasts 104 billionaires, surpassing Bengaluru for the first time, and follows Mumbai with 386 billionaires and New Delhi with 217.
Telangana’s Position:
- Telangana ranks fifth among Indian states in the number of billionaires, underscoring its economic growth.
Key Highlights from Hyderabad:
- Murali Divi & Family: Founders of Divi’s Laboratories, ranked 26th in India and the wealthiest in Hyderabad with ₹76,100 crore. They are the fourth richest in the pharmaceutical sector.
- C. Venkateswar Reddy (Aparna Constructions): Among the top ten in the country for percentage wealth growth in 2024.
- S. Subramanian Reddy (Aparna Constructions): Among the top ten for percentage wealth growth over the past five years in India.
- Ponguleti Harsha Reddy: At 30 years old, he is one of the youngest billionaires from Hyderabad with a wealth of ₹1,300 crore.
- P. Pichi Reddy (Megha Engineering): The richest in the construction and engineering sector with a wealth of ₹54,800 crore.
Other Notable Billionaires from Hyderabad:
- P.V. Krishna Reddy (MEIL): ₹52,700 crore.
- G.M. Rao (GMR Group): ₹36,300 crore.
- P.V. Ramprasad Reddy (Aurobindo Pharma): ₹35,100 crore.
- Bandi Prasad Reddy (Hetero): ₹29,900 crore.
- Prathap Reddy (Apollo Hospitals): ₹28,400 crore.
Recent Acquisition:
- Nilima Prasad Divi, daughter of Murali Divi, recently bought properties worth ₹80 crore in Hyderabad.
Wealth Hub Dynamics:
- Mumbai leads with the highest number of billionaires, adding 66 new entrants in 2024, followed by New Delhi. Hyderabad’s rise past Bengaluru highlights its growing status as a key center for wealth creation in India.
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