Chairman of KPR sugar mill KP Ramasamy joins the Forbes List of India’s 100 richest people

Three newcomers have made their debut on the prestigious Forbes List of India’s 100 wealthiest individuals. Among these newly joined in the list is 74-year-old KP Ramasamy, the founder and chairman of KPR Mill, a prominent player in the textile and sugar industry. Remarkably, he has clinched the 100th spot with a substantial net worth of $2.3 billion (Rs 19,133 crore), reported NDTV.

A man of humble origins, KP Ramasamy hails from a farming background. He has ascended the ladder of success by establishing one of India’s most extensive garment export enterprises. KPR Mill, his brainchild, was established in 1984. In a strategic move in 2013, KP Ramasamy diversified his business interests to encompass sugar production. His entrepreneurial ventures further extended to the launch of Faso, a men’s innerwear brand, in 2019. Notably, KPR Mill is renowned for its expertise in the production of knitted apparel, cotton, and polyester yarn, in addition to its foray into sugar and ethanol manufacturing.

The Forbes List Of India’s 100 richest also welcomes the Dani Family, the driving force behind Asian Paints, whose combined net worth totals an impressive Rs 67,841.77 crore. Another noteworthy inclusion is Renuka Jagtiani, who assumed the role of chairperson and CEO of the Landmark Group following her husband Micky Jagtiani passing in May this year. Her net worth stands at ₹39,931.20 crore.

Amongst richest Indians, Mukesh Ambani, the chairman of Reliance Industries, firmly holds the first position with a staggering net worth of $92 billion. Following closely in the second spot is Gautam Adani, chairperson of the Adani Group, with a net worth of $68 billion, while the third position is secured by Shiv Nadar, the founder of HCL, with a net worth of $29.3 billion.


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