Ludhiana, known for its flourishing textile industry, has earned the reputation of being the financial and export hub of Punjab. Notably, all seven individuals listed on the IIFL Wealth Hurun India Rich List 2022 hail from this city. Apart from textiles, Ludhiana is also home to significant cycle manufacturing companies such as the Hero Group and Avon Cycles Group.

In terms of wealth distribution, there is one billionaire and fifteen centi-billionaires residing in Ludhiana. Additionally, the city boasts a considerable number of multi-millionaires and high net worth individuals, with around 3,000 and 7,000 individuals falling under these categories, respectively.

 

Rajinder Gupta

With a net worth of $1.5 billion (13,800 Crore), Rajinder Gupta, the owner of Trident Group, holds the title of the wealthiest individual in Punjab. Hailing from a family of cotton traders, Mr. Gupta inherited a wealth of knowledge regarding cotton and spinning, which led him to pursue textiles as his industry of choice. Through his efforts, he has managed to amass a fortune in the textiles industry.

SP Oswal

S.P. Oswal is associated with Vardhaman Textiles, a prominent company in the textiles industry with a net worth of $600 million (4600 Crore). The company has established a strong presence in the market under the leadership of Mr. Oswal.

Paritosh Kumar & Family

Paritosh Kumar and his family are associated with Happy Forgings, a company operating in the auto components industry. With a net worth of $500 million (3900 Crore), Happy Forgings has established a reputable position in the market, under the leadership of Mr. Kumar and his family.

 

Avinash Gupta & Family

Avinash Gupta and his family are associated with RN Gupta & Co, a company operating in the steel forgings industry. With a net worth of $70 million (2800 Crore), RN Gupta & Co has established a significant presence in the market under the leadership of Mr. Gupta and his family.

Onkar Singh Pahwa & Family

Shiv Prasad Mittal and his family are associated with Aarti Steels, a company operating in the steel manufacturing industry. With a net worth of $220 million (1700 Crore), Aarti Steels has established itself as a significant player in the market under the leadership of Mr. Mittal and his family.

 

Shiv Prasad Mittal & Family

Shiv Prasad Mittal and his family are associated with Aarti Steels, a company operating in the steel manufacturing industry. With a net worth of $220 million (1700 Crore), Aarti Steels has established itself as a significant player in the market under the leadership of Mr. Mittal and his family.

 

 Anoop Bector & Family

Anoop Bector and his family are associated with Bector Foods, a company operating in the food industry. With a net worth of $220 million (1700 Crore), Bector Foods has established a reputable position in the market under the leadership of Mr. Bector and his family.