According to results, over 7000 rich Indian citizens have shifted base in a recent ‘gold rush’ for foreign assets. The richest Indians in Australia, not surprisingly are some of the savviest industrialists and investors who have heavy investments back in India, but who may also have some of their fortune established in Australia, as well as other countries.
It is not surprising to find names that are similarly invested in Canada or America, but that has also brought some of their wealth to Australia. There is reason to believe that these Indian-Australians are the forerunners to an even larger population of people that will come into Australia to claim a piece of this shiny new country.
From industrialists to technology developers, to real estate moguls, Australia is home to many notable Indian personalities who will help shape the future of the economy.
Richest Indians In Australia
1. Gautam Adani
Gautam Adani has recently made a US$2 billion purchase of a coal mine in Queensland, Australia. That investment makes him one of the wealthiest Indian Australians. This may be of interest to other would-be investors because as the wealthiest Indian national, he has plenty of money to take the Indian investment scene by storm.
Before this purchase, he had already established himself as the face of the Indian economy. Gautam Shantilal Adani is an Indian billionaire industrialist. His holding company, Adani Group is based in Ahmedabad, India, and has investments in Ports Operations, Power Generation, he recently made a huge investment in the Mumbai International Airport, and he has several other investments in several sectors.
2. The Jindal family
The Jindal family recently bought two minor stakes, worth a total of US$26.99 million in Australian iron ore and coal mines through Jindal Steel & Power. That business is one of the strengths of the Jindal Family; they have been in the steel industry since the 1960s. They are one of India’s biggest steel magnates, and their vast empire is spread across several countries.
Apart from their investments in Steel production, the Jindal Family also has several other investments, like the paint-making company they have just acquired. Sajjan Jindal, who heads the family’s holding company The JSW Group, has just entered the $7 billion Indian paint market through its subsidiary JSW Paints. The paint company started with two plants and will be expanded if things go according to plan. This investment has cost the family more than 150 million dollars.
3. Nadathur S. Raghavan
Nadathur S. Raghavan recently bought a hotel in Brisbane for A$57 million. Before that, his company bought a chain of about 60 hotels in Australia and New Zealand for an undisclosed sum. Nadathur S. Raghavan is, therefore, one of the biggest Indian investors in Australia.
He is an Indian software guru. He is also a philanthropist and co-founder of software company Infosys Technologies. These days he spends his days guiding young people about how to go about establishing their own businesses. He heads the Nadathur S. Raghavan Center for Entrepreneurial Learning, through which he gives lectures, and publishes papers to guide young people on how to overcome the challenges of the business world.
4. Vivek Chaand Sehgal
Mr. Vivek Sehgal’s biggest Australian holding is SMR Automotive, a company based in the southern Adelaide suburb of Lonsdale. SMR Automotive is a subsidiary of his company Motherson. The company recently posted a profit of $9.23 million, from revenue of $135 million. Mr. Sehgal’s group acquired Visiocorp as it was part of the company’s lighting division. Vivek Sehgal is no doubt one of the richest Indians in Australia- a powerhouse of industry.
Vivek Chaand Sehgal is chairman of the Samvardhana Motherson Group, which was set up in 1975, and is now worth more than $9.8 billion in revenue. The biggest part of the company is Motherson Sumi Systems, which makes lightweight auto components. Some clients of the company include BMW, Ford, Mercedes, Toyota, and Volkswagen.
5. Pankaj Oswal
Pankaj Oswal, the fifth richest Indian in Austrlia, is a businessman that has established himself very well in Australia. He was the chairman and sole founder of Burrup Holdings Limited. Even now, that company is one of the world’s largest liquid ammonia producers.
Pankaj Oswal remains an influential personality in Australia, he has an estimated fortune of over A$3 billion.
6. Darshak Mehta
While Darshak Mehta is not the richest Indian in Australia, he is one of the very few Indians in this country that have this kind of influence. He is an India-born Australian businessman, and he is very highly connected in the world of sports; especially cricket. He is Chairman, The Chappell Foundation. Patron & Co-Founder, The LBW Trust. Some of his work includes hosting fundraising events to combat homelessness and other societal problems in Australia.
Darshak Mehta is also at the forefront of the fight against racism. He has spoken and written extensively about how racism is stifling sports development in Australia.
The richest Indians in Australia are investors who have investments in several other countries. However, because the Australian government does not track investments by nationality it is difficult to get the exact figure of Indian investments in Australia; especially those that are outside the domain of billions, and that is usually done with media coverage.
We know for a fact that there are several low-profile Indian Australians who have invested heavily in the Australian economy, and that prefer anonymity. We also know that there is a high number of people coming into Australia in order to do work and do business. Indians have been coming to Australia to pursue economic opportunities since the 1900s.