Mukesh Ambani is the richest person in India with his massive net worth of Rs 7,59,057 crore as of 23 October 2023. A distant relative of Mukesh Ambani, Arvind Poddar, is also counted among one of the richest businesspeople of India.
New Delhi: Mukesh Ambani is the richest person in India with his massive net worth of Rs 7,59,057 crore as of 23 October 2023. The Ambani family has business associates from all over the world. A distant relative of Mukesh Ambani, Arvind Poddar, is also counted among one of the richest businesspeople of India.
Who is Arvind Poddar?
According to Forbes, Arvind Poddar’s current net worth is around Rs 29,092 crore. His business, Balkrishna Industries, manufactures tyres and other mechanical instruments for vehicles, and agriculture & mining sectors. One must wonder about the relation between Arvind Poddar’s and Mukesh Ambani’s family.
Arvind Poddar’s son Rajeev Poddar is married to the daughter of Manoj Modi, who is the director at Reliance Retail Ltd and Reliance Jio Infocomm Ltd. He is considered Mukesh Ambani’s right-hand man. He was also gifted a Rs 1500 crore bungalow near Ambani’s Antilia.
Arvind Poddar’s position
Arvind Poddar is the Chairman and MD of Balkrishna Industries. His son, Rajeev Poddar and Manoj Modi’s daughter, Khushboo Poddar are joint MDs of the company.
Balkrishna Industries’ tyre manufacturing business was started in the year 1951, and the first bicycle tyre was made in 1963. Today, the company exports the manufactured items to Europe and USA.
59th richest person
According to Forbes, Arvind Poddar is country’s 59th richest person. In the year 2021, a new factory was established in Maharashtra for manufacturing industrial tyres. Arvind Poddar and his family generally maintain a distance from the glamour of media.
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