Rank 4 | Pallonji Mistry | $9.8 billion
Pallonji Mistry, chairman of construction firm Shapoorji Pallonji Group, comes next with a net worth of $9.8 billion. Mr. Mistry owns 18.4 per cent stake in Tata Sons, making him the single largest shareholder in the group. His son Cyrus is the deputy chairman of the conglomerate and will succeed Ratan Tata in December.
Rank 5 | Dilip Shanghvi | $9.2 billion
Dilip Shanghvi (above), the founder and managing director of Sun Pharmaceuticals, India's most valuable drug maker, comes next. With a net worth of $9.2 billion, Mr Shanghvi has made it to the list for the first time after shares of the pharma company soared 48 per cent in one year.