Ludhiana, well-known for its thriving textile sector, has established itself as Punjab’s financial and export hub. Notably, all seven individuals on the IIFL Wealth Hurun India Rich List 2022 are from this city. Apart from textiles, Ludhiana is home to major bicycle manufacturers such as the Hero Group and the Avon Cycles Group.In terms of wealth distribution, Ludhiana has one billionaire and fifteen centibillionaires. Furthermore, the city has a significant number of multi-millionaires and high net worth individuals, with approximately 3,000 and 7,000 people falling into these categories, respectively.
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Rajinder Gupta
With a net worth of $1.5 billion (13,800 crore), Rajinder Gupta, the owner of Trident Group, is Punjab’s wealthiest individual. Mr. Gupta came from a family of cotton dealers and acquired a wealth of expertise about cotton and spinning, which led him to pursue textiles as his preferred industry. Through his efforts, he has amassed a fortune in the textile industry.
SP Oswal
S.P. Oswal is involved with Vardhaman Textiles, a famous textile company with a net worth of $600 million (4600 crore). Mr. Oswal’s leadership has helped the organisation create a solid market position.
Paritosh Kumar & Family
Paritosh Kumar and his family are connected with Happy Forgings, a company that manufactures automotive components. With a net worth of $500 million (3900 crore), Happy Forgings has developed a recognised market position under the leadership of Mr. Kumar and his family.
Avinash Gupta & Family
Avinash Gupta and his family are affiliated with RN Gupta & Co, a steel forging company. With a net value of $70 million (2800 crore), RN Gupta & Co has created a strong market presence under the leadership of Mr. Gupta and his family.
Rajiv Malhotra
With interests in manufacturing and exports, Rajiv Malhotra has built a formidable business empire that spans multiple industries. His relentless pursuit of success has earned him a place among Ludhiana’s richest individuals.
Shiv Prasad Mittal & Family
Shiv Prasad Mittal and his family are engaged with Aarti Steels, a steel producing company. With a net worth of $220 million (1700 crore), Aarti Steels has established itself as a major market participant under the leadership of Mr. Mittal and his family.
 Anoop Bector & Family
Anoop Bector and his family are affiliated with Bector Foods, a food company. Bector Foods, with a net value of $220 million (1700 crore), has developed a renowned market position under the leadership of Mr. Bector and his family.
Harvinder Singh Dhindsa
Known for his ventures in the automotive industry, Harvinder Singh Dhindsa has amassed substantial wealth through his automobile manufacturing and dealership businesses. His keen business acumen has solidified his position among Ludhiana’s richest residents.
Rajesh Arora
A prominent figure in Ludhiana’s real estate sector, Rajesh Arora has played a pivotal role in shaping the city’s urban landscape. His lucrative property developments and investments have propelled him to the upper echelons of Ludhiana’s wealthiest individuals.
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Amit Bansal
Amit Bansal’s foray into the hospitality sector has been a resounding success, with his chain of luxury hotels and resorts attracting discerning clientele from around the world. His commitment to excellence has made him one of Ludhiana’s wealthiest entrepreneurs.A prominent figure in Ludhiana’s real estate sector, Rajesh Arora has played a pivotal role in shaping the city’s urban landscape. His lucrative property developments and investments have propelled him to the upper echelons of Ludhiana’s wealthiest individuals.
