Ludhiana is considered the financial and export capital of Punjab. All 7 people that made it to the IIFL Wealth Hurun India Rich List 2022 come from the city of Ludhiana.
Ludhiana though famous for its textile industry all over India. In addition to textile, cycle manufacturing is also an important industry that includes the likes of Hero group and Avon Cycles group.
Number of Billionaires: 1
Number of Centi-Billionaires: 15
Multi-millionaires: 3000; HNIs: 7000
Rajinder Gupta
The owner of Trident Group is the richest person in Punjab. Born in a family of cotton traders, Mr. Gupta had inherited the knowledge of cotton and spinning. That’s why he chose textiles and made a fortune out of it.
Company – Trident Group
Net Worth – $ 1.5 Billion (13,800 Crore)
Industry – Textiles
SP Oswal
Company – Vardhaman Textiles
Net Worth – $ 600 Million (4600 Crore)
Industry – Textiles
Paritosh Kumar & Family
Company – Happy Forgings
Net Worth – $ 500 Million (3900 Crore)
Industry – Auto Components
Avinash Gupta & Family
Company – RN Gupta & Co
Net Worth – $ 70 Million (2800 Crore)
Industry – Steel Forgings
Onkar Singh Pahwa & Family
Company – Avon Cycles Group
Net Worth – $ 220 Million (1700 Crore)
Industry – Cycles
Shiv Prasad Mittal & Family
Company – Aarti Steels
Net Worth – $ 220 Million (1700 Crore)
Industry – Steel Manufacturing
Anoop Bector & Family
Company – Bector Foods
Net Worth – $ 220 Million (1700 Crore)
Industry – Steel Manufacturing
Frequently Asked Questions
Who is the richest person in Ludhiana?
Rajinder Gupta is the richest in Ludhiana. Rajinder Gupta is the owner of Trident Group which has interests in Textiles. Pankaj Munjal of Hero group used to be the richest in Ludhiana earlier but he has shifted his base to New Delhi.
How many Billionaires live in Ludhiana?
There is currently only 1 billionaire in dollar terms who lives in Ludhiana. He is Mr. Rajinder Gupta of Trident Group.
If we have forgotten to include a wealthy individual or family from the city, please share their details.