31.3 C
Delhi
Saturday, July 12, 2025

Over 78 individuals from Telangana, AP part of IIFL Wealth Hurun Rich List 2022

Date:

Share post:

Donate-GC-Razorpay

Hyderabad: Andhra Pradesh and Telangana were in the brightest spot in South India as more than 78 individuals, from both the Telugu states, are in the IIFL Wealth Hurun India Rich List 2022.

Hurun Report India and IIFL Wealth unveiled the 2022 edition report of ‘IIFL Wealth Hurun India Rich List 2022’ – a compilation of the richest individuals in India having a wealth of INR 1,000 Crore or more.

Wealth calculations are a snapshot of August 30, 2022.

The cumulative wealth of individuals in AP & Telangana list registered a 3 percent increase compared to last year, the report said.

MSN Laboratories, Singhania Foods International and Virchow Laboratories contribute INR 20,600 crore, INR 4,800 crore and INR 5,300 crore respectively to the AP & Telangana list.

With a wealth of INR 8,700 Cr, Mahima Datla and family ( Biological E company) is the richest woman to feature on the list.

A total of 64 individuals are from Hyderabad, 5 from Visakhapatnam and 3 from Ranga Reddy feature in the list as well.

Speaking about the IIFL Wealth Hurun AP & Telangana Rich List 2022, Yatin Shah, Co-Founder and

Joint CEO, IIFL Wealth, said, “IIFL Wealth Hurun India Rich List 2022 is a comprehensive overview of a plethora of factors that have significantly contributed to the rising wealth of India and we are proud

to associate with the same”.

In terms of number of individuals in the list, the Pharma sector accounts for 31 percent of the richest in Andhra Pradesh and Telangana, followed by Food Processing sector, Food & Beverages, Construction and Chemicals sector respectively, said Yatin.

We also believe that AP & Telangana will continue to contribute more entrants to IIFLWealth Hurun India Rich list in years to come, he added.

Commenting on the launch of the India Rich List, Anas Rahman Junaid, Managing Director and Chief Researcher, Hurun India, said, “The number of entrants in IIFL Wealth Hurun AP and Telangana Rich List has grown from just under 3 eleven years ago to 78” today.

At this rate, in 5 years, AP and Telangana Rich List is in line with our prediction to register 200 individuals within the next decade. The evolution of the IIFL Hurun AP & Telangana Rich List is a reflection of the entrepreneurial spirit of the Telugu community.”

“On a national level, the trends in IIFL Wealth Hurun India Rich List 2022 prove that India has taken booster shots against the global crisis. Be it Ukraine War or inflationary pressures, the Indian growth story continues against all odds as 149 individuals entered the IIFL Wealth Hurun India Rich list of 1,103 who cumulatively have a wealth of INR 100 lakh crore,” Junaid added.

Related articles

Confidence of New India Will Lead to Viksit Bharat: ‘Viksit Bharat: India @ 2047’ Author Aditya Pittie

Timely and meticulously researched, ‘Viksit Bharat: India @ 2047’, by author and thought leader, Aditya Pittie, provides a...

Voice of a Nation, Voice of the World: PM Modi’s Historic Addresses to Foreign Parliaments

An Unprecedented Journey of Words and WillIn the grand halls of parliaments across continents, where voices echo...

The Emerging Axis: Turkiye-Pakistan Bonhomie and Its Implications for India

The Ankara-Islamabad TangoIn the simmering July heat of Islamabad, the red carpet was rolled out for two...

SSI MantraM “Made in India” Surgical Robot Yatra Kicks Off India Tour, First Leg to Cover 1500 km Across Rajasthan

 ● In the first phase of the roadshow, SSI MantraM will cover key medical institutions across Jaipur, Jodhpur,...