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List of Richest People in Ludhiana [2024]

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

Rajinder Gupta, Trident Group

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.


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