Friday, November 20, 2009

3 Kammas in Forbes India's 75 richest list

Rank: 34
Lagadapati Madhusudhana Rao (43) Net Worth $ 1,670
Net Worth: $1.67 billion Age: 43 Marital Status: Married Hometown: Hyderabad
U.S.-trained engineer, chairs Lanco, infrastructure group with interests in power, construction and property development. Family fortune based on two-thirds stake in flagship Lanco Infratech. Currently has nearly 8,000 megawatts of power projects under implementation and an order backlog of $3 billion in construction business. Is developing Lanco Hills, a 100-acre township in Hyderabad that is awaiting approval for a 121-story tower, billed as country's tallest. In June, group shifted corporate headquarters from Hyderabad to Delhi. Older brother L. Rajagopal reelected member of parliament in May.

Rank: 59
Divi Murali (58) Net Worth $910
Net Worth: $910 million Age: 58 Marital Status: Married, 2 children Hometown: Hyderabad
U.S.-trained scientist and one-time partner of pharma tycoon K. Anji Reddy (No. 64), he started Divis Laboratories in 1990 as a drug research firm. Company now makes generics and does custom manufacturing for big pharma companies. Also produces nutraceuticals that are used in food products and animal feed. Company derives 90% of its revenues from exports, mainly to the U.S. and Europe where sales have slowed. Spends weekends at his organic farm near Hyderabad where he lives.

Rank: 74
B.G.Raghupathy (56) Net Worth $710

Net Worth: $710 million Age: 56 Marital Status: Married, 4 children. Hometown: Chennai
Former marketing executive, he struck out on his own in 1985 as a subcontractor for state-owned Bharat Heavy Electricals, India's largest maker of power equipment. Partnered with Germany's GEA Energietechnik to manufacture equipment used in thermal and nuclear power plants. After GEA itself got acquired, he fought to retain control and bought out the German partner in 1993. Rechristened company as BGR Energy Systems and scaled up operations. In 2007, won contract for a gas processing plant in Iraq. Last year took company public, raising $94 million. Has forged link with China's Dong Fang, a power equipment maker, to jointly build for contracts. Recently hired the former chairman of state-owned thermal power producer NTPC, to help him run BGR.
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