5 Billionaire Families From India’s Powerful Parsi Minority – Briefly – WSJ

India’s Parsis are one of the most successful minority and migrant groups in the world. They make up less than 0.005% of India’s population but three out of the country’s top 10 billionaires.They fled Iran and settled in India in the 10th century and have since played an outsized role in the evolution of India’s economy as pioneers of trade and industry.

For centuries, prominent Parsis have shared their success through philanthropy – their religion encourages wealth creation as well as charity–so the names of top Parsi traders and industrialists are plastered on the hospitals, schools, libraries and streets of Mumbai and other cities.

A Wall Street Journal article looks at how the battle for control of the $100 billion Tata Group–which was founded and headed by Parsis – has caused a lot of stress and soul searching in the proud community. Three of the richest Parsi families – the Tatas, the Mistrys and the Wadias – are involved in the unusually ugly and public brawl which has now shifted to the courts.

Here are snapshots of those three Parsi families and two others that have made billions building the backbone of Indian industry.

1 Tata Head: Ratan Tata

Net worth:  $570 Million

Established: 1868

Industries: Software, steel, autos, hospitality, airlines

Companies: Tata Consultancy Services, Tata Motors, Jaguar Land Rover, Tetley Tea

2 Mistry Head: Pallonji Mistry (father of Cyrus Mistry)

Net worth:  $15 billion

Established: 1865

Industries: Property development, construction, energy

Companies: SP Real Estate, SP Infra, Eureka

3 Wadia Current leader: Nusli Wadia

Net worth:  $3 billion

Established: 1736

Industries: Textiles, property, food, health

Companies: Bombay Dyeing, Britannia, Go Airlines

4 Godrej Current leader: Adi Godrej

Net worth: $12 billion

Established: 1897

Industries: Consumer durables, retail, property

Companies: Godrej Consumer Products, Godrej Properties, Gorej Industries

5 Poonawalla Head: Cyrus Poonawalla

Net worth: $12 billion

Established: 1966

Industries: Biotech, vaccines

Companies: Serum Institute of India, Poonawalla Stud Farms

Source: 5 Billionaire Families From India’s Powerful Parsi Minority – Briefly – WSJ

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One Comment to “5 Billionaire Families From India’s Powerful Parsi Minority – Briefly – WSJ”

  1. 5 Billionaire Families From India’s Powerful Parsi Minority – Briefly – WSJ

    This is a news to me that Tata, Mistry, Wadia and Godrej family names have their origins from Parsi families!

    Well, now they are settled in India, and no doubt doing very well for themselves and for the country, they are the proud citizens of the Republic of India.

    Like

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