The Top 10 Richest Indians in 2013
Image by : Vikas Khot
5. Pallonji Mistry ($12.5 billion)
Pallonji Mistry, patriarch of construction giant Shapoorji Pallonji, which his older son Shapoor runs, benefited from the rising value of his 18.4% stake in Tata Sons, the holding outfit of $100 billion Tata conglomerate. Younger son Cyrus replaced business legend Ratan Tata as chairman in December 2012 and has since installed a team of younger executives in top management. Benefiting from the weaker rupee and new contracts, its Tata Consultancy Services is now the world’s second most valuable IT services firm after IBM, with a market cap of $68 billion. Mistry is an Irish citizen but lives in Mumbai. His grandson Pallon now works at SP Group.