List of richest men in Kerala. Kerala is a state on the farthest side of India’s south-west coast. The state has an area of about 38,863 km square and a population of about 33,387,677 people. Kerala shares borders with Karnataka and Tamil Nadu and has its western side mostly flushing into the Lakshadweep Sea. Kerala is the 13th largest state in India by population and is one of India’s most visited states.
The economy of Kerala is the 10th largest in India, the state records a high level of rubber production, as well as pepper and those two products alone contribute significantly to the total output. There is also a growing production of coconut, tea, coffee, and cashew as well as spices. There is a significant fisheries industry, as well as tourism.
So who are the champions of Kerala, and how did they become so rich? Join us now as we discover the ten richest people in the Indian state of Kerala.
Top 10 Richest Men In Kerala
1. Yusuff Ali M.A
Yusuff Ali M.A who is estimated to be worth about 5.2 billion dollars is a Kerala-born businessman who is based in the United Arab Emirates. He is the chairman and managing director of Lulu Group International. His holding company controls the Lulu Hypermarket chain worldwide and Lulu International Shopping Mall.
Lulu Group International has an annual turnover of $US7.4 billion dollars and employs the highest number of Indians outside the shores of India. He owns a 5 percent stake in the Catholic Syrian Bank and another 4.7 percent in the Aluva-based Federal Bank. He owns the Scotland Yard Building in London, as well as 9.37 percent of the Cochin International Airport.
2. Ravi Pillai
Ravi Pillai, who is the chairman and managing director of RP Group of Companies is one of the most prominent sons of Kerala. RP Group is a conglomerate of companies that have interests in Engineering and Construction, Hospitality, Steel, Cement, as well as Oil and Gas.
RP Group is present in the United Arab Emirates, Qatar, and Bahrain, aside from its main base of operations which is India. Ravi Pillai actually made his money in Saudi Arabia, through the trading and supply business. His flagship construction company Nasser S. Al Hajri Corporations was the first company he registered. RP Group today employs over 70,000 employees and has now entered retail commerce through RP Mall which was recently opened. Ravi Pillai is estimated to worth 3 billion dollars making him the second richest man in Kerala.3.
3. Senapathy Kris Gopalakrishnan
Mr. Gopalakrishnan is chairman of Axilor Ventures, which is a company that provides funding as well as technical and logistic support for startups, in exchange for stakes in the ventures. That means Mr. Kris Gopalakrishnan is a venture capitalist. He was born in Kerala and is quite well-traveled.
Mr. Kris Gopalakrishnan was at one time the co-chairman of Infosys, which is an Indian consulting and IT Company that is now a global brand. He is estimated to be worth about $US2.3 billion dollars making him the third wealthiest person in Kerala. In 2013-2014 he was honored with an election to the presidency of the Confederation of Indian Industry which is the highest industry chamber in the country. In 2011, the government of India honored him with the title Padma Bhushan, which is the country’s third-highest civilian honor.
4. Azad Moopen
Dr. Azad Moopen is a billionaire doctor and entrepreneur. He is the chairman and managing director of Aster DM Healthcare, and a developer of medical facilities in the Asia Pacific region. His Aster DM Healthcare was founded in India in 1987 but is now a healthcare conglomerate operating in many countries of the Middle East. Apart from his private healthcare facilities, he has contract agreements with several top companies to provide healthcare for their members of staff. He is estimated to be worth about 2 billion dollars. He has been the recipient of numerous industry awards, and he was recognized by the government of India with the Padma Shri Award.
5. Sunny Varkey
Sunny Varkey is another Kerala-born Indian entrepreneur who is based in the United Arab Emirates. He is the founder and chairman of GEMS Education, which is a global advisory and educational management firm. GEMS Education is the largest operator of kindergarten to grade 12 schools in the world, with a network of 130 schools in over 12 countries. Sunny Varkey is the chairman of the holding company Varkey Group, and the founder and trustee of the Varkey Foundation.
Sunny Varkey has been honored by the United Nations through UNESCO, as the UNESCO Goodwill Ambassador, and in 2015 he committed to the giving pledge, vowing to donate half of his wealth to philanthropic causes during his lifetime. He is estimated to be worth $1.6 billion dollars.
6. S. Kalyanaraman
T.S Kalyanaraman Iyer is an Indian billionaire businessman from Kerala who is known as the chairman and managing director of Kalyan Group. Kalyan Jewellers and Kalyan Developers are 2 of his companies under the umbrella of the Kalyan Group. He is estimated to be worth $USD1.2 billion dollars sporting the sixth richest men in Kerala. He was born into a jewelry-making family, and the business was inherited from his grandfather.
7. Mathai George Muthoot
Mathai George Muthoot is the third person in the lineage of Muthoots to be chairman of the Muthoot Group. The group controls businesses that include Banking, Information Technology, Media, Healthcare, Education, Power Generation, Infrastructure, Agriculture, and Precious Metals. Mathai George Muthoot was groomed from childhood to take over and grow the family businesses, and the first job he ever did was as an office assistant in the family bank. The bank has 4433 branches and a turnover of 4.5 billion dollars. Mathai George Muthoot is estimated to be worth about US$1.14 billion dollars.
8. D Shibulal
S.D Shibulal is an Indian businessman and entrepreneur. Today he is a member of the boards of the following companies: Boston University, Globethics.net, Seoul International Business Advisory Council (SIBAC). He was a founding member of Infosys, and also Axilor. He stills holds about 2.2% of Infosys shares, and is also one of the richest men in Kerala with an estimated to be worth about 1.2 billion dollars.
9. Joy Alukkas
Joy Alukkas is a famous jeweler from Kerala, India who is the chairman of Joy Alukkas, a jewelry seller with 160 locations from India to Dubai, United Arab Emirates. His signature gold chain designs are much sought after in the United States, and he has expanded his business into the Joy Alukkas Group, a conglomerate with interests in real estate, fashion, and Silk. He is estimated to be worth about USD$2 Billion dollars.
10. Shamsheer Vayalil Parambath
Tenth on the list of the richest men in Kerala, Shamsheer Vayalil Parambath is an Indian radiologist and entrepreneur who was born in Kerala. He is the founder and chairman of VPS Healthcare Group, and Amanat Holdings, which is a healthcare delivery and education firm based in India and Dubai, UAE. He is estimated to be worth about 1.3 billion dollars.
That’s all about the richest men in Kerala.