Number of Billionaires in Uttar Pradesh Quadruples in Four Years: Noida Leads with 11 Billionaires
NOIDA, Uttar Pradesh — The number of billionaires in Uttar Pradesh has seen a remarkable fourfold increase over the past four years, with Noida emerging as a key hub for wealth creation. According to the latest list released by Hurun International, the state now boasts 36 billionaires, up from just nine in 2020. Notably, 11 of these billionaires hail from Noida, reflecting the city's growing significance as a center for major enterprises.
Leading the Billionaire Pack
The list is topped by the Gyan Chandani brothers from Kanpur, owners of the popular Ghadi detergent brand. Murli Dhar Gyan Chandani and Bimal Gyan Chandani have secured the first and second positions, respectively, with a combined wealth of ₹24,300 crore.
Noida's presence in the billionaire list begins from the fifth position, marking the city's growing influence in the state's economic landscape.
Top Billionaires from Noida
Noida has a strong representation in the top ten positions, with four billionaires making the cut:
- Hitesh Oberoi - Owner of Info Edge, ranked fifth with a wealth of ₹7,600 crore.
- Dinesh Chandra Agarwal - Owner of IndiaMart, ranked sixth with ₹5,400 crore.
- Yashish Dahiya - Owner of PB Fintech, ranked eighth with ₹4,100 crore.
- Brijesh Agarwal - Another co-owner of IndiaMart, ranked tenth with ₹3,700 crore.
Emergence of Billionaires from Smaller Cities
For the first time, the Hurun list includes billionaires from smaller cities in Uttar Pradesh, such as Aligarh, Gorakhpur, and Faizabad. This reflects a broader trend of wealth creation across the state, driven by the conducive business environment and supportive policies implemented by the state government.
Noida's Other Billionaires
In addition to the top-ranked individuals, several other billionaires from Noida have also made it to the list. These include:
- Naveen Agarwal from Surya Food
- Vishnu R. Dusad from Nucleus Software
- Shekhar Agarwal and Manoj Agarwal from Surya Food
- Ajay Kumar Tyagi from Yatharth Hospital Group
- Arvind Gupta from Montage Enterprises
- Kapil Kumar Tyagi from Yatharth Hospital in Dadri
Factors Behind the Rise
The significant increase in the number of billionaires in Uttar Pradesh is largely attributed to the state's pro-industry policies and the government's efforts to create a favorable environment for entrepreneurs. These factors have played a crucial role in fostering business growth and wealth generation, particularly in regions like Noida.
Key Points:
- Uttar Pradesh's billionaire count has quadrupled in four years, reaching 36 in 2024.
- Noida alone is home to 11 billionaires, with significant representation in the top ten.
- The growth is driven by supportive state policies and a favorable business environment.
- Billionaires from smaller cities like Aligarh and Gorakhpur have also made the list for the first time.
This surge in billionaire numbers highlights Uttar Pradesh's transformation into a major economic powerhouse, with Noida at the forefront of this growth.