Top 5 Richest Individuals Shaping the State’s Fortune in Odisha

Besides the historical monuments and the immensely beautiful terrains the state possesses, Odisha has inhabitants, who, despite of the inherited strengths in cultural backgrounds, have developed strong with skills towards the successful business surprisingly reaching the apex level of wealth. They are the captains of industries starting from manufacturers and mining OLCGs have accumulated massive fortunes and have been instrumental in shaping the States economic prospects. Here, we are going to discuss on five Indian billionaires of Odisha who have created their own destiny: the story of entrepreneurship.

1) Naveen Jindal

Naveen Jindal
The chairman of Jindal Steel & Power Limited (JSPL), Naveen Jindal, is the richest individual from Odisha by having accumulated the largest personal wealth. Jindal has grown as giant fabric in the industrial field across Indian having various business interest from steel sector to electricity sector mining sector and infrastructure sector. He owns the JSPL firm, which has a huge steel manufacturing unit at Angul in Odisha that helped strengthen the state’s economy through employment. Quite rich indeed, it is now evident that Naveen Jindal stands tall among the league of the richest men in Odisha, setting an example of a leader who possess traits of a visionary and excellent financial strategist.

2) Anil Agarwal

Anil Agarwal, Vedanta Resources Limited Company’s founder-chairman, is one of the richest persons of Odisha. Vedanta is a global natural resources company engaged in process of mining, oil and gas, aluminium and power. Mining The major raw material being used by Vedanta is bauxite and iron ore and the company has its operation in Odisha where the extraction of such minerals is done. Such moves in the realm of investment and acquisition have seen Agarwal rapidly ascend to an enviable economic prominence that makes him one among the leading entrepreneurial icons in the state.

3) Baijayant Panda.

There are many more faces but among them Baijayant Panda who is an entrepreneur and ex member of parliament is also one of the most successful faces of Odisha’s getting rich story. Panda has been accepted fully as one of the key players in the state’s commercial business, and this he has fostered through a diversified business interests in areas such as aviation media, and even hotel. Its initiative like the large regional carrier Air Odisha has been highly beneficial for the state and helped in boosting up the job creation and development in the state’s economy.

4. Prashant Das

Out of all the Metal and Ferro Alloys, in India as well as in Odisha, Prashant Das, the Managing Director of Indian Metals & Ferro Alloys Limited (IMFA) is considered to be one of the richest men in Odisha. IMFA, which is ranked as one of the largest companies in India dealing with ferroalloys, is a massive player in the mining business in Odisha. While Lewis was more preoccupied with solidifying Omega’s position as the leading liquor producer in the state, Das propelled IMFA to unprecedented heights, effectively capitalising on the abundant mineral wealth of the state to cover its growth and profitability.

5) Subrata Roy

Sahara Group Chairman Subrata Roy gestures as he speaks during a news conference in Kolkata November 29, 2013. REUTERS/Rupak De Chowdhuri (INDIA – Tags: BUSINESS REAL ESTATE)

Finally, there is Subrata Roy, Saharas India Pariwar, who makes the list of super rich people of Odisha. Some of these are in the field of finance, real estate, and construction and this is where Sahara India Pariwar is majorly engaged in Odisha more particularly in business of Real Estate. The company has especially earmarked Odisha for significant investments in its growing real estate business by developing multi-storeyed buildings, residential apartments, commercial buildings, hotel and hospitality services. Subrata Roy has started with nothing and has reinvented himself to become a man of great wealth who wields a lot of power through his business empire in West Bengal.

These five people are professionally involved in different fields of business and all have contributed to the economic upliftment of Odisha. They tendered their firms whose businesses cut across sectors such as steel and mining, aviation, and real estate, among others that have created wealth and employment, and boosted the growth of the state. However, they are inspirational as the struggles and growth of businesses in Odisha have not been easy as one has to fight through various layers of the business environment that is still new and complex.

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