Interesting details on the richest person in Odisha. Odisha, which some people still call Orissa, is an Indian state located on the eastern coast of India. It neighbors the states of West Bengal and Jharkhand to the north, and then Chhattisgarh and Andhra Pradesh to the west and south respectively. Odisha has a coastline of 485 kilometres along the Bay of Bengal making water transport an interesting prospect. It is the 8th largest state by area and the 11th largest by population in India. The economy of Odisha is the 16th-largest state economy in India with 4.16 lakh crore (US$58 billion) in gross domestic product, and then there is a per capita GDP of (US$1,300). Odisha ranks 23rd among Indian states in terms of the human development index.
Yes, speaking from a socio-economic standpoint, Odisha is a very important state.
The state also has an ancient history! The kingdom of Kalinga, which was invaded by the Mauryan emperor Ashoka in 261 BCE resulting in the Kalinga War, has roughly the same borders as Odisha. Cuttack, in Odisha, was made the capital of the region by Anantavarman Chodaganga in c. 1135, after which many rulers used the city as their capital through the British era until 1948. You can see that the state is a very influential one. So who are the wealthiest people in Odisha today? Let us break it down.
Top 10 Richest People In Odisha
1. KJS Ahluwalia
Kamal Jeet Singh Ahluwalia is Odisha’s richest man. He is the chairman of the KJS AHLUWALIA group, and a mining and the Czar of Odisha’s mining industry. He has over 50 years of experience in the production of cement, mining of iron, coal, graphite, and the manufacturing of steel. Under the umbrella of his KJS Group, are companies like KJS Cement. KJS Steel, and various mining projects in many different locations across India.
2. Indrani Patnaik
Indrani Patnaik, the second richest person in Odisha, is a mining stalwart. She is the owner of the Indrani Patnaik Iron Mines, and Patnaik Minerals which was originally founded by Late Bansindar Patnaik in 1955. Patnaik Minerals has mining operations producing Iron, Manganese, Limestone, and Dolomite. The company is a major producer of high-grade calibrated iron ore and a major exporter of iron fines to China. Patnaik Minerals Ptv. Limited has recently started a program called the community welfare project in which they give free medical treatment to villagers in the area. The company also gives scholarships to children from the area.
3. Prem Patnaik
Prem Patnaik, husband of Idrina Patnaik listed above is an industrialist and business mogul from Odisha. In fact, he is one of Odisha’s biggest money bags. Prem Patnaik has over the years established many business ventures, some of which he has been the sole director. At present, he is the managing director of Haryana Coated Papers Limited, HHS India Limited, Jamuna Enterprises Stationery PVT Limited, Health Home and Shopping India Private Limited. His family is also one of the biggest and perhaps most eminent; their late father Biju Patnaik having served as the chief minister of the state.
4. Madhusudhan Sahoo
Madhusudan Sahoo is an Odisha-born Indian public servant. He was appointed as the chairperson of the Insolvency and Bankruptcy Board of India. He has also served as a member of the Competition Commission of India. His mandate is to oversee the work of insolvency professional agencies so as to ensure the fair and proper dissolution of insolvent business ventures and ensure that all parties involved are treated fairly and equitably.
5. Subhrakant Panda
Fifth on the list of wealthiest people in Odisha, Subhrakant Panda is the MD and CEO of Indian Metals and Ferro Alloys Ltd. he also owns Odisha Television Limited, together with his brother Jay Panda. His family also has interests in cable television and internet broadband services.
Subhrakant Panda is first and foremost a miner, and it is for this that he is mostly known. His interest in politics is clearly costing him on the business front because politicians are targeting his mining operations, looking for excuses to short down his businesses so as to damage his reputation and starve him of funds to fulfill his political ambitions. He is MD of Indian Metals and Ferro Alloys Ltd., Non-executive Director of Ortel Communications, a member National Executive Committee of Indian Chambers Of Commerce and Industry, and chairman of the FICCI Odisha State Council.
6. Dilip Ray
Dilip Ray is a noteworthy Indian politician and hotelier from the state of Odisha. He started as a lobbyist for the Mining Association. He formerly worked as the union minister of steel, coal, and parliamentary affairs. He has the distinction of serving as three Prime Ministers. He is the founder and Chairman of Mayfair Group of Hotels which is largely based in Eastern India. He is well respected for his in-depth knowledge of the hospitality industry, and for the fact that he is well-positioned in the industry, particularly in eastern India.
7. Pradipta Mohanty
Pradipta Mohanty is the President-Designate and Chairman of SNM Group, a conglomerate that offers broadband internet connection, and has business interests in commodities. Dr. Pradipta Mohanty is a trained doctor, in the field of homeopathic medicine, and also the vice-chairman of CII, Odisha State Council. He is a passionate traveler and a notable promoter of Indian customs and traditions.
8. Ajit Jain
Ajit Jain, the eighth richest person in Odisha, who was born in Orissa, India, is the vice-chairman of operations for Berkshire Hathaway. His family is a finance family; his cousin Anshu Jain was the former co-CEO of Deutsche Bank. He worked as a salesman for IBM. Following the closure of IBM’s operations in India, Ajit Jain moved to America and found work with Mckinsey, and then with Warren Buffet. He made good connections at McKinsey and that landed him at Berkshire Hathaway. In January 2018, Ajit Jain was named vice-chair of insurance operations and was invited to the board of directors.
9. Anubhav Mohanty
Anubhav Mohanty is an Indian film superstar who now doubles as a politician. He debuted in movies with the film I Love You in 2004. Riding on the success that he got he opened his own production house named Vishnupriyaa Arts and Graphics. His crowning achievement is the movie Something Something which was produced in the year 2012. That movie ran for 115 days in the theatres of Odisha and Belanguru, setting a record as the only movie to date that has run for 115 days in Belanguru. The movie was the biggest hit of the year 2012, and that success whetted his appetite for more glory.
In 2013 he joined the regional party BJD and was elected to Rajya Sabha uncontested in the year 2014. On 23 May 2019, he was elected as a member of parliament from Kendrapara beating the incumbent parliamentarian to the seat. Anubhav Mohanty is the highest-paid actor in Odisha’s film industry.
10. Bijoy Mohapatra
Bijoy Mohapatra, tenth on the list of wealthiest people in Odisha, is a politician and public servant from Odisha, India. He is the leading figure of the Bharatiya Janata Party and served as the Irrigation Minister of Odisha from 1990 to 1995. He is said to have been the most powerful minister in the cabinet of Biju Patnaik, which is rather surprising considering the fact that he was an irrigation minister. He served in the Legislative Assembly for four terms, representing the Kendrapara Constituency. He is widely consulted in his Odisha residence on matters of politics and is a mentor to a lot of people.
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As you have rightly noted, the biggest men in Odisha are those that have their hands in the mining business. This is because mining accounts for the vast majority of the money generated in the state, and the economy of Odisha is largely dependent on that single industry. The only few exceptions to the rule are the career politicians Bijoy Mohapatra, and Dilip Ray, as well as the filmmaker Anubhav Mohanty (who is now also a politician). Ajit Jain has been living in America for over 20 years, and the good Dr. Pradipta Mohanty also makes the list of non-miners. Apart from the listed above, every single multimillionaire here listed has his hands deep into the mining cake. They are the champions of the mining industry, and the champions of Odisha.