The textiles, apparel manufacturing and fashion retail sectors have the names of 10 illustrious billionaires included in India’s Richest 2024 Forbes list. These 10 names range from Reliance Industries which counts Reliance Retail as a subsidiary to India’s top apparel exporter Shahi Exports. Some of these entities do have their businesses spread across a number of sectors, however, textiles, fashion and retail remain a significant part of their business portfolios.
The list features Mukesh Ambani of Reliance Industries, Radhakishan Damani of Avenue Supermarts, Kumar Birla of Aditya Birla Group, M.A. Yusuff Ali of Lulu Group International, Renuka Jagtiani of Landmark Group, Falguni Nayar of Nykaa, Anand Mahindra of Mahindra & Mahindra and Arun Bharat Ram of SRF.
With a net worth of US $ 3.8 billion, Shahi Exports’ MD Harish Ahuja is the only apparel exporter in this list. He is new to this list and has been placed at number 84. Ravi Modi of Vedant Fashions is the youngest billionaire among the apparel and textile billionaires, with a net worth of US $ 3.45 billion. The list has only two women from the fashion and lifestyle industry – Renuka Jagtiani and Falguni Nayar.
It is also worth mentioning here that most of the above-mentioned billionaires have witnessed an increase in their wealth and are actively working to increase their business prospects and revenue further.