By overtaking Mukesh Ambani of Reliance Industries Ltd (RIL), Dilip Sanghvi, the promoter of Sun Pharma became the richest Indian on the basis of the promoter holdings in the listed companies of the two groups.
By virtue of over 63% holdings in three group companies – Sun Pharma, Sun Pharma Advanced Research and Ranbaxy Labs, Sanghvi is worth about Rs 1.46 lakh crore ($23.42 billion at an exchange rate of 62.34 to the dollor)
While, Ambani, through his 45% holdings in two group companies – RIL and Reliance Industrial Infrastructure, was worth Rs 1.32 lakh crore ($21.2 billion)