Top self-made richest women in India
India is known for its entrepreneurial spirit and boasts a remarkable group of self-made women who have not only achieved great success but have also become some of the richest individuals in the nation. Breaking barriers and defying gender norms, these women have made their own paths and built huge businesses across diverse industries. From pharmaceuticals to technology, healthcare to beauty, these self-made women have risen to the top, showcasing their exceptional skills, determination, and business acumen.
Let’s explore the profiles of India’s top self-made richest women.
1. Kiran Mazumdar
Kiran Mazumdar-Shaw, the founder of the biopharmaceutical company Biocon in 1978, has a net worth of Rs 22,700 crore. Biocon manufactures a variety of generic drugs to treat autoimmune diseases, diabetes, and cancer, among other conditions. The company operates a factory in the Johor region of Malaysia and is the largest producer of insulin in Asia. Biocon’s biosimilar version of Roche’s breast cancer drug was approved by the US Food and Drug Administration, in December, which was the biggest achievement for the company.
2. Jayshree Ullal
Jayshree Ullal, with a net worth of Rs 9,500 crore, serves as the president and CEO of Arista Networks, a computer networking firm, since 2008. In 2017, the publicly-traded company generated revenues of $1.6 billion.
Ullal possesses approximately five per cent of Arista’s stock, some of which is designated for her two children, niece, and nephew. Arista and Ullal’s former employer, Cisco, has been engaged in a long-standing legal dispute regarding alleged patent infringement, which Arista firmly denies. She was born in London, raised in India, and currently ranks among the wealthiest female executives in America.
3. Shradha Agarwal
The co-founder and president of Outcome Health, Shradha Agarwal, lead the Chicago-based healthcare technology company, which has a net worth of Rs 8,200 crore. Outcome Health was established in 2006 is actively developing the largest platform for actionable health intelligence during the moment of care. Recently, the company successfully secured $500 million in funding from investors like Goldman Sachs and Google, resulting in a valuation of $5 billion.
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4. Vembu Radha
Vembu Radha, with a net worth of Rs 5,800 crore, is associated with Zoho Corporation, a Chennai-based company that specializes in providing cloud-based business software. Zoho Corporation operates as a privately held entity and competes with the industry giant Salesforce.
5. Sheela Gautam
With a net worth of Rs 2,800 crore, Sheela Gautam, born into a family of diplomats, established Sheela Foam in 1971. Sheela Foam is renowned for its Sleep Well brand of mattresses. The company, which generates $270 million in revenue, went public in 2016. Sheela’s son, Rahul, currently serves as the chairman and managing director, overseeing the operations of Sheela Foam.
6. Indra Nooyi
Indra Nooyi, the former CEO of PepsiCo, has also earned a spot on the list with a net worth of Rs 2,600 crore. During her 12-year tenure as CEO, Nooyi successfully increased the sales of PepsiCo, the company behind popular brands like Mountain Dew and Gatorade, to $63.5 billion.
This marked an impressive 80 per cent growth since she assumed the position. Nooyi is widely recognized for her strategic mergers, which played a pivotal role in reshaping PepsiCo. Additionally, she led the company’s shift towards healthier beverage options, transitioning from sugary sodas to juices and teas.
7. Ambiga Subramanian
Ambiga Subramanian, the CEO of Mu Sigma, is a prominent figure in the field of data analytics. Mu Sigma, founded in 2004, is a leading provider of analytics and decision support services. As the CEO, Ambiga Subramanian has played a crucial role in shaping the company’s growth and success. Mu Sigma specializes in helping businesses make data-driven decisions by analyzing large and complex datasets.
With Ambiga Subramanian at the helm, the company has achieved significant milestones and established itself as a key player in the analytics industry. With a net worth of Rs 2,500 crore, Ambiga Subramanian holds the position of CEO at Mu Sigma, a data analytics firm.
8. Falguni Nayar
Falguni Nayar, a former investment banker turned businesswoman, is the founder of Nykaa, a renowned beauty product company. Established in April 2012, Nykaa has emerged as a prominent player in the beauty industry. Falguni Nayar’s entrepreneurial efforts have contributed to her net worth of Rs 1,300 crore.
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9. Vandana Luthra
Vandana Luthra & Family: Net Worth: Rs 1,300 crore. Luthra pioneered the concept of a beauty and wellness chain in India. She opened her centre in New Delhi in 1989, offering weight management as well as hair and skin treatments, and now has 313 centres in 11 countries in Asia, the Middle East and East Africa. Her VLCC Personal Care business sells skin care and hair care products through 72,000 outlets across India.