Acharya Balkrishna, the head of yoga expert Baba Ramdev-run FMCG company Patanjali and Radhakishan Damani of D-Mart have made rapid strides in the latest edition of the Hurun India rich list, which has been topped by Reliance Industries Chairman Mukesh Ambani for the sixth consecutive year.
An extended bullish run in the stock market resulting in Reliance stocks surging saw the wealth of Ambani shooting up by a massive 58 percent to Rs 2.57 trillion this year, says the report which is into the sixth year.
Ambani retains the richest Indian title for the sixth year running and this year he has climbed to top 15 in the Hurun global rich list for the first time. His wealth is 50 percent more than GDP of Yemen, the country of his birth.
"Balkrishna, CEO of Patanjali and childhood friend of Ramdev, is now among the top 10 rich people in the country. Damani, the new retail king, of D-Mart is the biggest gainer with wealth increase of 321 percent. The blockbuster listing of Avenue Supermarts, also added eight new entries in the rich list," Hurun said in a statement.
Balkrishna rose to the eighth position from 25th last year, after seeing his wealth grow by 173 percent to Rs 70,000 crore. Patanjali, with a turnover of Rs 10,561 crore in FY17 has been a close competition to major global brands.