Forbes: Inder Jaisinghani’s wealth doubled in one year, know who is the CMD of Polycab India
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Forbes India Rich List: Polycab India CMD Inder Jaisinghani also jumped 28 places in the list, rising from 60 to 32 last year.
Forbes India Rich List: Forbes India released the list of 100 richest Indians in 2023, in which the total wealth of these billionaires is $ 799 billion, which is slightly less than last year’s $ 800 billion.
Forbes India Rich List: Mukesh Ambani, who was in second place, has pushed the then topper Gautam Adani to second place.
Inder Jaisinghani of Polycab India has earned the most this year. His net worth has almost doubled in 12 months.
Forbes India Rich List: According to Forbes India, Jaisinghani’s current net worth is $6.4 billion, a staggering 91% increase from $3.35 billion in 2022.
The 70-year-old billionaire started the company with his brothers in 1986 as a trading firm. He was appointed as its Chairman and Director in December 1997.
In 1968, at the age of 15, he had to leave school to help his elder brother Girdhari take over the family business after his father’s death. Later the brothers were joined by two younger siblings, Ramesh and Ajay.
In 2008, Polycab got a big boost as the International Finance Corporation, the private equity arm of the World Bank, took a stake in the company.
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