List of the richest men in Assam presently. Assam is a state in the northeastern region of India, situated south of the eastern part of the mountainous Himalayas, along the Brahmaputra and Barak River valleys. Assam covers an area of 78,438 km2 making quite a big state by land area. The state is bordered by Bhutan and Arunachal Pradesh to the north; Nagaland and Manipur to the east; and then Meghalaya, Tripura, Mizoram, and Bangladesh to the south. There is also West Bengal to the west.
Assam is known for Assam tea and Assam silk, two traditional industries that continue to be major support economically to the people of the state, as well as for the state’s revenue generation. The state was the first site for oil drilling in Asia. There is quite a considerable amount of nature; Assam is home to the one-horned Indian rhinoceros, along with the pygmy hog, wild water buffalo, tiger, and the Asian elephant for which it is one of the last wild habitats. There are many species of Asiatic birds as well.
What kind of people would then be able to conquer this wild landscape and make a fortune in it? Join us as we discover the top 10 wealthiest men in Assam.
Top 10 Richest in Men Assam
1. Dipankar Dutta
Dipankar Dutta- is the Founder and President of CEC which is registered as a society established to fill the gap in information technology skills acquisition in Assam. The institute also offers various training courses in various fields including computer education, fashion designing, interior decorating, journalism, as well as management courses.
The institution (CEC) also goes a step further by providing recommendations and leveraging on its broad clientele base to assist students in finding employment. The institute offers 30 diploma courses and 26 short term courses. The institute has trained over 300,000 students and claims that about 150,000 have found employment. Dipankar Dutta is believed to be the richest man in Assam.
2. Shyam Kanu Mahanta
Shyam Kanu Mahanta is described as one of the most inspiring and successful entrepreneurs in northeast India. He is the managing director of MMS Advisory, which is one of the biggest advisory companies in India’s northeast. He is also the chief functionary of trend MMS, and they organize festivities for celebrations such as Srimanta Sankaradeva Movement, Samannay, North East Festival, and Rongali. Shyam Kanu Mahanta knows food, and he has a very good eye for presentation and decoration.
3. Sanjukta Dutta
Sanjukta Dutta is an Indian fashion designer from Assam. Sanjukta Dutta has clearly gone international. She has presented her designs on many top international fashion shows and has done collaborations with many top international fashion houses. The woman has made a considerable fortune, and fame. She is a great ambassador of Assam and has declared her love for Assam fabrics for all to hear. Most of her designs are based on traditional fashion styles, and she is a model for other young fashion-conscious women to follow.
4. Shree Alen Ahmed
Shree Alen Ahmed is the Chairman and Managing Director of Neha Builders and also Wellmount Industries, which is the North East’s most prominent and valued construction and development firm. For over 10 years he has been regarded as one of the wealthiest citizens of Assam. He attended Don Bosco School of Assam and attained his education but dropped out of his MBA to help his father’s cinemas hall business.
Shree Alen’s father Late Allaudin Ahmed built and operated Guwahatis’ first Movie hall, a grand monument located on an expansive land measuring about 2 acres. Allaudin Ahmed made a total number of 4 movie halls in his lifetime, trusting his successor to expand his Business. In addition to the cinemas, Alen Ahmed founded Neha Builders building on the strong foundation built by his father to create a diversified general contracting firm. Since its founding, Neha Builders has grown steadily now reaching a turnover volume of over Rs.10 crores (1,310,000USD) and a workforce of more than 100 full-time employees. He has been recognized by AREIDA (Assam Real Estate And Infrastructural Development Association).
5. Mr. Kailash Lohia
Mr. Kailash Lohia is one of the prominent citizens of Assam. He is a prominent businessman and industrialist in the North-East Region of India. He has wide industrial and business experience. The Lohia Group which is one of his companies has market leadership in the region for sales of galvanized sheets, as well for the manufacture of MS Ingots, bars, ferroalloys, and also industrial oxygen.
The Lohia Group has an extensive trading network and is the sole distributor in the North-Eastern region for TATA GP/GC, as well as Hindalco Aluminium Sheets, etc. The group has an unparalleled marketing network and partnerships, as well as goodwill franchise agreements with over 900 hardware and building materials stores, spanning the entire North Eastern Region.
6. Mr. Suresh Prithani
Mr. Suresh Prithani, the sixth richest man in Assam, has been a long time ally of Mr. Kailash Lohia mentioned above. He is the supremo of the Brahmaputra group which is one of the leading Real Estate Developers in Guwahati, Assam. Brahmaputra Consortium, a proprietorship firm was established by Mr. Suresh Kumar Prithani, the first in his family to venture into the real estate business. Therefore Mr. Prithani can be called a self-made multi-millionaire.
The company Prithani founded in 1987 has now become a huge venture. The company is building a Hydro Electric Power Project at Subansiri, the company has ventured into mining with the successful securing of an Order from North-Eastern Coalfields. The company is also building its own industrial park as per International Standard on 586.67 Bighas [122.50 acres (approx.)] acquired by it near NH31, Guwahati. It is evident that this is one of the wealthiest people in Assam.
7. Badruddin Ajmal.
He is the Supremo of AIUDF( All India United Democratic Front), but first and foremost he is an astute businessman; chairman of Ajmal Group of Companies that sell attar perfume, oils, and has made a considerable fortune from extracting oils and perfumes from plants, putting them in bottles and selling them for cool cash. Badruddin Ajmal is a member of the Indian Parliament from the Dhubri Lok Sabha constituency. He was born in the Indian state of Assam.
8. Barooah Family
The family of the recently deceased Hemendra Prasad Barooah who was a notable Indian entrepreneur, a famous tea planter, and philanthropist has inherited their father’s tea business and now sits at the helm of Assam’s biggest tea plantation, and tea packaging company.
9. Chokhani Prakash,
Chokhani Prakash, who is chairman of Mahadeobari Tea Co Pvt Ltd. comes next on this list. Om Prakash Chowkhani is a prominent tea planter in the state and owns four gardens in the tea-rich zone Tinsukia district. One of his gardens has been described as a mega-garden. His Mahadeobari Tea is a popular brand, and the product has spread far and wide.
10. Tanushree Hazarika
Tanushree Hazarika, the tenth richest man in Assam, is a young Indian entrepreneur, which focuses on media and communications in the north-east of India. She is the Managing Director, of Eclectic Group, and Publisher of the English magazine Eclectic North-East. She is also the founder of Tattva Creations, and also the founder of the non-profit foundation called the Brahmaputra Foundation. She studied at Boston University and loves to travel.
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Closing On The Richest Man In Assam
As regular readers of this website must already know by now; the economy of a place is largely dependent on the available natural resources. Assam has good land that is watered all year round, and so it is no surprise that investors who base their production around agriculture-based products have the day in Assam. The tea growers and a certain business mogul who makes perfumed oils (derived from plants) have absolutely dominated the economy, making more in turnover (probably) than the rest of the state combined. The lesson, therefore, is to find a niche that adapts well to the natural environment before choosing to go into business.