The Indian nation is not a nation of religion, but of unity in diversity. The country has a large Muslim population, including both rich and poor. It comes off as no surprise that risk-taking is a characteristic shared by all entrepreneurs, irrespective of their origins or cultures.
So, in this article, we are looking at the top five richest Indian Muslims. These Indian Muslims, regardless of their religion, have always been at the forefront of innovation and have become an idol for many. It’s easy to see why they are respected and accepted by all.
- Azim Premji (Wipro)
A renowned Indian Muslim who is among the wealthiest people in the world, Azim Premji is the chairman of Wipro, India’s largest IT outsourcing firm. Wipro emerged as one of the global leaders in software after four decades of diversification and growth under his leadership.
His name was listed twice on Time magazine’s 100 most influential people list, once in 2004 and more recently in 2011. He was voted among the 20 most powerful men in the world in 2010. He has been listed among The 500 Most Influential Muslims for years. In December 2010, he pledged to donate $2 billion to improve school education in India. The donation is the largest of its kind in the country.
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- A. Yusuff Ali (LuLu Hypermarke)
Yusuff Ali M. A is an Indian billionaire and businessman based in the UAE. He is the Chairman and Managing Director of LuLu Group International, which owns LuLu Hypermarket and LuLu International Shopping Mall.
LuLu Group International employs the most Indians outside India with an annual turnover of US$7.4 billion. Forbes Middle East ranked Yusuff Ali No. 1 among the Top 100 Indian business owners in the Arab World in 2018.
- Yusuf Khwaja Hamied (Cipla)
A billionaire businessman and scientist, Yusuf Khwaja Hamied is chairman of Cipla, a generic pharmaceutical company founded by his father Khwaja Abdul Hamied in 1935. In addition to providing generic AIDS drugs and treatments for other ailments primarily affecting the poor, Hamied has earned a reputation outside of India for defying large Western pharmaceutical companies.
The work Hamied has done to eradicate AIDS in the developing world and to provide patients with life-saving medicines regardless of their ability to pay has led to him being characterized as a modern-day Robin Hood. In 2005, the Government of India awarded him the Padma Bhushan, the third-highest civilian honor in the country.
- Azad Moopen (Aster DM Healthcare)
Azad Moopen is a healthcare entrepreneur from India. A number of healthcare facilities have been developed by him in Asia-Pacific. He is also chairman and managing director of Aster DM Healthcare, an Indian and Middle Eastern healthcare conglomerate.
Over 34 years, Aster DM Healthcare has grown from a single doctor clinic in Dubai to a global healthcare conglomerate with over 377 facilities in eight countries. The organization is among the largest integrated healthcare service providers in GCC and India. He was also given the Padma Shri Award by the Government of India in 2011.
- Habil Khorakiwala (Wockhardt)
Habil Khorakiwala is the founder and Chairman of Wockhardt, an Indian multinational pharmaceutical and biotechnology company. In 1967, he founded Wockhardt, which has grown to be one of the top Indian manufacturers of generic drugs, formulations, biopharmaceuticals, nutrition products, vaccines, and active pharmaceutical ingredients (APIs).
Wockhardt Limited was founded by Habil Khorakiwala after taking over his father’s Worli Chemical Works. With only 20 employees, it started out making over-the-counter drugs. With manufacturing facilities around the world and more than 7,000 employees, Wockhardt Limited has grown into a multinational pharmaceutical and biotechnology company.