People are always inspired and motivated to succeed by the stories of millionaires. These top 10 richest people in Odisha also provide a plethora of possibilities to the country’s young and talented minds. Odisha is one such crucial state in terms of socio-economic development.
Odisha is located on India’s eastern coast. West Bengal borders the state in the northeast, Jharkhand in the north, Chhattisgarh in the north, and Andhra Pradesh in the south. Odisha has a 485-kilometer coastline. It is India’s eighth-largest state by area and eleventh-largest by population
Odisha’s economy is the 16th largest state economy in India, with a gross domestic product of Rs.5.33 lakh crore (US$75 billion) and a per capita GDP of Rs.1, 16,614 (US$1,300).
In terms of human development, Odisha ranks 23rd among Indian states. In addition, the state is home to some of the wealthiest and most accomplished persons in a wide range of occupations.
List of The Top 10 Richest Persons in Odisha
Here is the list of best of the best richest persons in Odisha –
|Rank||Top Investors||Portfolio Value|
|1||Ajit Jain||$2 billion|
|2||Subhrakant Panda||$70 million|
|3||Madhusudan Sahoo||$65 million|
|4||Mahimananda Mishra||$50 to $60 million|
|5||Pradipta Mohanty||$50 million|
|6||Indrani Patnaik||$48 million|
|7||Prem Patnaik||$42.1 million|
|8||Kamal Jeet Singh Ahluwalia||$40 million|
|9||Dilip Ray||$9 million|
|10||Bijoy Mohapatra||$5 million|
1. Ajit Jain
Ajit Jain, an Indian-born Berkshire Hathaway employee, has a net worth of $2 billion. He is considered one of the top richest people in Odisha. He was born in Orissa, India on July 23, 1951. He earned a bachelor’s degree in engineering from IIT Kharagpur in 1972. From 1973 to 1976, Jain worked for IBM in India before moving to the United States, where he got an MBA from Harvard Business School in 1978.
He worked for McKinsey & Co. before returning to India in the early 1980s. He married Tinku Jain, a girl chosen by his parents, after a month of dating. He then returned to the United States to work for McKinsey & Company.
According to Robert P. Miles’ book “The Warren Buffett CEO: Secrets from the Berkshire Hathaway Managers,” Jain stated that he would not have returned to America if his wife had desired. In 1985, he left McKinsey to work with Buffett on insurance operations.
He claimed to know little about the insurance industry at the time. Jain is now the President of the Berkshire Hathaway Insurance Group. He is in charge of Berkshire Hathaway’s effort into the Indian insurance sector.
Jain is largely regarded as Warren Buffet’s successor apparent. Many analysts believe he will be the next CEO of Berkshire Hathaway. He is the richest man in Odisha.
2. Subhrakant Panda
In 1993, Mr. Subhrakant Panda joined the IMFA Group. Since then, he has handled a variety of roles within the Group, including direct supervision of the Commercial Division as well as extra responsibility for the Projects Department.
He initiated various projects that had a substantial impact on the Group’s overall development. Mr. Panda was appointed Managing Director of the parent business, Indian Metals & Ferro Alloys Ltd, in 2006 (IMFA).
His present responsibilities include assisting in the definition of broad strategic goals while autonomously managing day-to-day administration. Panda is in charge of IMFA’s transition into power generating as a standalone firm, as well as handling strategic acquisitions worldwide.
Mr. Panda has a Bachelor of Science in Business Administration from Boston University’s School of Management. He earned an honors summa cum laude degree with a dual specialization in Finance and Operations Management.
He has received numerous honors and accolades for his extraordinary academic achievement, including an unprecedented 3.95 cumulative grade point average (GPA) out of a potential 4.0. He is an avid reader, and his hobbies include chess, cricket, and golf. His net worth is around $70 million.
3. Madhusudan Sahoo
Madhusudhan Sahoo is a well-known Indian businessman who has equity in several multinational mining corporations. He owns and operates many mining companies. With a net worth of roughly 65 million USD dollars, he is one of Odisha’s wealthiest people.
His job is to oversee the activity of insolvency agencies to ensure that an insolvent business is dissolved fairly and properly. He was named chairperson of India’s Insolvency and Bankruptcy Board. He has also served on the Indian Competition Commission.
4. Mahimananda Mishra
Mahimananda Mishra, a vibrant and self-made entrepreneur, is the scion of an Orissa aristocratic family. Starting with a core team of 15 people in 1978, he rose to great heights and developed OSL Group as one of India’s major corporates on the East Coast.
During his graduation, Mahimananda Mishra was President of the Students Union of Christ College, Cuttack in 1971-72, and President of the Students Union of M S Law College, Orissa in 1974-75.
He was deeply involved in all port-related businesses of India’s East Coast Ports, including stevedoring, steamer agency, customs house agency, chartering, Intra port transportation, freight forwarding, port development, and mining. His net worth is estimated between $50 to $60 million.
5. Pradipta Mohanty
Pradipta Mohanty is the President-Designate and Chairman of SNM Group, a conglomerate that provides broadband internet access and has commodity commercial interests. Dr. Pradipta Mohanty is a homeopathic medicine trained doctor and the vice-chairman of the CII, Odisha State Council.
He is an avid traveler and a well-known supporter of Indian customs and traditions. Dr. Pradipta Mohanty is a well-known businessman in Odisha. He is the CEO of SNM Group. Mohanty was born into an Odisha middle-class family.
He received his bachelor’s degree from Odisha’s government university. He is one of Odisha’s wealthiest people, having a net worth of $50 million USD.
6. Indrani Patnaik
Indrani Patnaik is a well-known businesswoman in Odisha. She is the owner of the Indrani Patnaik Iron Mines, and Patnaik Minerals which was originally founded by Late Bansindar Patnaik in 1955 and several other mining companies.
According to the income tax agency, she is also a top taxpayer in the state. Patnaik paid 165 crores in advance tax for the fiscal year under review. Indrani’s net worth is estimated to be $48 million.
Indrani Patnaik has been among the top of the state’s list of individual taxpayers and also takes pride in being a top businesswoman and the second richest person in Odisha.
7. Prem Patnaik
Prem Patnaik, the seventh richest person in Odisha is a well-known industrialist and the brother of Odisha Chief Minister Naveen Patnaik Indrani Patnaik’s husband, Haryana Coated Papers Ltd’s chairman and managing director. He is 73 years old and has a net worth of $42.1 million.
Prem Patnaik has founded several businesses, some of which he has been the sole director. He is the current managing director of Haryana Coated Papers Limited, HHS India Limited, Jamuna Enterprises Stationery Pvt Limited, and Health Home and Shopping India Pvt Limited.
His family is also one of the largest and possibly the most illustrious among well-known Odia families, with their late father, Biju Patnaik, serving as the state’s chief minister.
8. Kamal Jeet Singh Ahluwalia
KJS Ahluwalia is Odisha’s richest guy. He is the chairman of the KJS AHLUWALIA group and the Top Gun of Odisha’s mining sector. He has almost 50 years of experience in cement production, iron, coal, graphite mining, and steel manufacturing.
Companies like KJS Cement, KJS Steel, and several mining projects in various regions around India are part of his KJS Group. He has a high level of competence, enthusiasm, and knowledge.
He is an accomplished businessman with a knack for estimating risks to his benefit; he has essentially made his mark in India. His estimated net worth is around $40 million.
9. Dilip Ray
Dilip Ray is a well-known Indian politician and hotelier from Odisha and the founder & Chairman of the Mayfair Group of Hotels, which operates primarily in Eastern India. Dilip began by working as a lobbyist for the Mining Association, he was previously the union minister for steel, coal, and legislative affairs.
Dilip Ray holds the distinction of having served as Prime Minister three times. He is a major figure on the list of the richest persons in Odisha. He is widely regarded for his extensive understanding of the hotel sector as well as his position in the industry, particularly in eastern India.
His net worth is nearly $9 million is a well-known Indian politician and hotelier from Odisha and the founder & Chairman of the Mayfair Group of Hotels, which operates primarily in Eastern India.
Dilip began by working as a lobbyist for the Mining Association, he was previously the union minister for steel, coal, and legislative affairs. Dilip Ray holds the distinction of having served as Prime Minister three times.
He is widely regarded for his extensive understanding of the hotel sector as well as his position in the industry, particularly in eastern India. His net worth is nearly $9 million.
10. Bijoy Mohapatra
Bijoy Mohapatra is a politician and public servant from Odisha, India. He is ranked ninth on the list of wealthiest individuals in Odisha. He is a key player in the Bharatiya Janata Party and served as Odisha’s Irrigation Minister from 1990 to 1995.
The richest person in Odisha is those involved in the mining industry. This is because mining generates the great bulk of the state’s revenue, and Odisha’s economy is heavily reliant on that single industry. The sole exceptions are a few career politicians such as Bijoy Mohapatra and Dilip Ray. His net worth is estimated at $5 million.
When it comes to riches, business, and luxury, Odisha is currently experiencing all three. The richness of its coastal districts represents the accumulated wealth of this mineral-rich state, which is considered to have the potential to become a $1 trillion economy and contribute to the country’s growth to a $10 trillion economy.
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Read More: Top 10 Investors In India
How many billionaires are in Odisha?
Ajit Jain with a net worth of $2 billion is the one and only billionaire in Odisha.
Top 5 richest Person in Odisha
Ajit Jain, Subhrakant Panda, Madhusudhan Sahoo, Mahimananda Mishra, and Pradipta Mohanty are the top 5 richest persons in Odisha in the given order.
Who is the richest Odia ever?
Ajit Jain of Berkshire Hathaway is the richest Odia ever.
Who are the most powerful persons in Odisha?
Narendra Modi’s Principal Secretary Pramod Kumar Mishra, RBI Governor Shaktikanta Das, Chief Minister Naveen Patnaik, and Minister of Education and Minister of Skill Development & Entrepreneurship Dharmendra Pradhan are among the most powerful persons in Odisha.
When is Odisha day celebrated?
April 1 is celebrated as Odisha Day.
What is the lifestyle of Odisha people?
Odisha is a State without a stereotype and people have a good sense of sympathy and empathy. They live a simple and happy and are big-time foodies.
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