Meet the Top 10 Richest Man in Kerala 2023 | Richest Persons in Kerala -

Kerala, the southern state of India, is home to a diverse range of industries, from tourism and agriculture to healthcare and education. Over the years, Kerala has produced several self-made billionaires who have not only brought prosperity to their own lives but have also contributed to the state’s economic growth.

As we enter 2023, the list of the top 10 richest man in Kerala is filled with some of the most successful and innovative entrepreneurs from various fields.

These individuals have not only created successful businesses but have also made a significant impact on their respective industries. From real estate to healthcare and from hospitality to IT, these entrepreneurs have demonstrated an unwavering commitment to excellence and a dedication to serving their communities.

In this article, we will introduce you to the top 10 richest men in Kerala in 2023, highlighting their net worth, businesses, and contributions to society. So, let’s dive in and meet the movers and shakers who are driving Kerala’s economy forward.

Table of Contents

Summary of Top 10 Richest Person in Kerala

Name	Career	Net Worth	Biography
M A Yusuff Ali	Retail, real estate, and hospitality	$4.8 billion (Rs 35,700 cr)	Born in Kerala, India, he is the founder and chairman of Lulu Group International, a global retail conglomerate.
Senapathy Gopalakrishnan	Information technology	$3.3 billion (Rs 24,500 cr)	Co-founder of Infosys, a global leader in consulting, technology, and outsourcing.
B Ravi Pillai	Construction and real estate	$2.5 billion (Rs 18,500 cr)	Founder and Chairman of the RP Group of Companies, a conglomerate that operates in the fields of construction and real estate.
Byju Raveendran	Education technology	$2.5 billion (Rs 18,500 cr)	Founder and CEO of BYJU'S, a leading education technology company that provides online learning resources.
S.D. Shibulal	Information technology	$1.9 billion (Rs 14,100 cr)	Co-founder of Infosys, a global leader in consulting, technology, and outsourcing.
Sunny Varkey	Education	$1.4 billion (Rs 10,400 cr)	Founder and Chairman of GEMS Education, the world's largest network of K-12 schools.
George Alexander Muthoot	Financial services	$1.3 billion (Rs 9,600 cr)	Co-Chairman of the Muthoot Group, a diversified business conglomerate with interests in financial services, hospitality, and healthcare.
George Jacob Muthoot	Financial services	$1.3 billion (Rs 9,600 cr)	Co-Chairman of the Muthoot Group, a diversified business conglomerate with interests in financial services, hospitality, and healthcare.
George Thomas Muthoot	Financial services	$1.3 billion (Rs 9,600 cr)	Co-Chairman of the Muthoot Group, a diversified business conglomerate with interests in financial services, hospitality, and healthcare.
T.S. Kalyanaraman	Jewelry	$1.35 billion	Founder and Chairman of Kalyan Jewellers, one of the largest jewelry chains in India.
Pankaj Jain	Healthcare	$1.1 billion (Rs 7,500 cr)	Founder and CEO of Akumentis Healthcare, a company focused on innovation, research and development, and affordable healthcare solutions.
T N Manoharan	Education	$2.8 billion	Founder of Thiagarajar College of Engineering, known for its focus on innovation, research, and development.

Top 10 Richest Man in Kerala

1. M A Yusuff Ali – Net worth: $4.8 billion (approx Rs 35,700 crores)

M A Yusuff Ali, the chairman and managing director of LuLu Group International, is a self-made billionaire who has made a name for himself in the retail industry. M A Yusuff Ali net worth of $4.8 billion (approx Rs 35,700 crores), he is one of the richest men in India and the Middle East. Yusuff Ali’s journey to success is an inspiring tale of hard work, perseverance, and a relentless pursuit of excellence.

Born in Thrissur, Kerala, Yusuff Ali started his career in the 1970s by working in his family’s small business of trading spices and other commodities. However, he soon realized that the real money was in the retail industry, and in 1995, he founded LuLu Group International. Today, LuLu Group International is a multinational conglomerate with a presence in 22 countries, employing over 57,000 people.

Yusuff Ali’s success can be attributed to his visionary leadership, his keen eye for business opportunities, and his unwavering commitment to quality and customer satisfaction. He has been honored with several awards and recognitions for his contributions to the business world, including the Padma Shri, the fourth highest civilian award in India.

In conclusion, M A Yusuff Ali’s net worth is a testament to his entrepreneurial spirit and his dedication to creating a world-class retail brand. His story is an inspiration to aspiring entrepreneurs everywhere, and his legacy will continue to inspire future generations to strive for excellence in everything they do.

2. Senapathy Gopalakrishnan – Net worth: $3.3 billion (approx Rs 24,500 crore)

Senapathy Gopalakrishnan, the co-founder of Infosys Technologies, is a renowned Indian businessman and philanthropist. Senapathy Gopalakrishnan net worth of $3.3 billion (approx Rs 24,500 crore), he is one of the wealthiest individuals in India. Gopalakrishnan’s journey to success is an inspiring tale of hard work, perseverance, and a relentless pursuit of innovation.

Born in Trichy, Tamil Nadu, Gopalakrishnan co-founded Infosys Technologies in 1981, along with six other entrepreneurs. The company started with a modest investment of $250, but today, it is a global leader in the software industry, with a presence in over 50 countries.

Gopalakrishnan’s success can be attributed to his visionary leadership, his ability to spot emerging trends in the industry, and his commitment to innovation and excellence. He has been honored with several awards and recognitions for his contributions to the business world, including the Padma Bhushan, the third highest civilian award in India.

In addition to his success in the business world, Gopalakrishnan is also known for his philanthropic activities. He has set up several foundations to support education, healthcare, and scientific research in India. He has also served as the president of the Confederation of Indian Industry and as a member of the National Innovation Council.

Senapathy Gopalakrishnan’s net worth is a testament to his entrepreneurial spirit and his dedication to innovation and excellence. His story is an inspiration to aspiring entrepreneurs everywhere, and his legacy will continue to inspire future generations to strive for success in all their endeavors.

3. B Ravi Pillai – Net worth: $2.5 billion (18,500 crores)

B Ravi Pillai is an Indian entrepreneur and philanthropist who has made a name for himself in the construction industry. B Ravi Pillai net worth of $2.5 billion (18,500 crores), he is one of the richest men in India. Pillai’s journey to success is a story of hard work, perseverance, and a relentless pursuit of excellence.

Born in Kerala, Pillai started his career as a small contractor in the construction industry. However, he soon realized that there was a huge potential for growth in the sector, and in 1978, he founded the Ravi Pillai Group, which has since grown into a global conglomerate with interests in construction, hospitality, and real estate.

Pillai’s success can be attributed to his visionary leadership, his ability to spot emerging opportunities, and his unwavering commitment to quality and customer satisfaction. He has been honored with several awards and recognitions for his contributions to the business world, including the Padma Shri, the fourth highest civilian award in India.

In addition to his success in the business world, Pillai is also known for his philanthropic activities. He has set up several foundations to support education, healthcare, and social welfare in India and the Middle East. He has also served as the chairman of the Kerala State Planning Board and as a member of the Board of Trustees of the Indian School of Business.

B Ravi Pillai’s net worth is a testament to his entrepreneurial spirit and his dedication to excellence in the construction industry. His story is an inspiration to aspiring entrepreneurs everywhere, and his legacy will continue to inspire future generations to strive for success in all their endeavors.

4. Byju Raveendran – Net worth: $2.5 billion (18,500 crores)

Byju Raveendran is an Indian entrepreneur and educator who has made a name for himself in the edtech industry. Byju Raveendran net worth of $2.5 billion (18,500 crores), he is one of the richest men in India. Raveendran’s journey to success is a story of innovation, passion, and a relentless pursuit of excellence.

Born in Kerala, Raveendran started his career as a teacher, but soon realized that there was a huge gap in the education system that needed to be filled. In 2011, he founded Byju’s, an edtech company that provides online classes and study materials to students across India. The company has since grown into a global brand, with a presence in several countries.

Raveendran’s success can be attributed to his innovative teaching methods, his ability to connect with students, and his unwavering commitment to quality education. He has been honored with several awards and recognitions for his contributions to the edtech industry, including the Padma Shri, the fourth highest civilian award in India.

In addition to his success in the business world, Raveendran is also known for his philanthropic activities. He has set up several foundations to support education and social welfare in India, and has also been involved in several environmental conservation projects.

Byju Raveendran’s net worth is a testament to his entrepreneurial spirit and his dedication to providing quality education to students across India and the world. His story is an inspiration to aspiring entrepreneurs and educators everywhere, and his legacy will continue to inspire future generations to strive for excellence in all their endeavors.

5. S.D. Shibulal – Net worth: $1.9 Billion (approx Rs 14,100 crore)

S.D. Shibulal is an Indian entrepreneur and software industry pioneer who has made a name for himself in the technology industry. S.D. Shibulal net worth of $1.9 billion (approx Rs 14,100 crore), he is one of the richest men in India. Shibulal’s journey to success is a story of hard work, innovation, and a relentless pursuit of excellence.

Born in Kerala, Shibulal co-founded Infosys Technologies, one of the world’s leading technology consulting and services companies, in 1981. Over the years, the company has grown into a global brand, with a presence in several countries. Shibulal served as the CEO and Managing Director of Infosys from 2011 to 2014.

Shibulal’s success can be attributed to his visionary leadership, his ability to spot emerging opportunities, and his unwavering commitment to quality and customer satisfaction. He has been honored with several awards and recognitions for his contributions to the technology industry, including the Padma Shri, the fourth highest civilian award in India.

In addition to his success in the business world, Shibulal is also known for his philanthropic activities. He has set up several foundations to support education and social welfare in India, and has also been involved in several environmental conservation projects.

S.D. Shibulal’s net worth is a testament to his entrepreneurial spirit and his dedication to excellence in the technology industry. His story is an inspiration to aspiring entrepreneurs and technology professionals everywhere, and his legacy will continue to inspire future generations to strive for success in all their endeavors.

6. Sunny Varkey – Net worth: $1.4 billion (approx 10,400 crore)

Sunny Varkey is an Indian-born education entrepreneur who has made a name for himself in the education industry. Sunny Varkey net worth of $1.4 billion (approx 10,400 crore), he is one of the richest men in India. Varkey’s journey to success is a story of hard work, determination, and a passion for education.

Born in Kerala, Varkey grew up in Dubai where his parents were teachers. In 1980, he took over his parents’ small school in Dubai and turned it into GEMS Education, one of the world’s largest education companies. Today, GEMS Education operates over 250 schools in 13 countries, serving over 250,000 students.

Varkey’s success can be attributed to his innovative approach to education, his focus on quality, and his unwavering commitment to creating opportunities for students around the world. He has been honored with several awards and recognitions for his contributions to the education industry, including the Padma Shri, the fourth highest civilian award in India.

In addition to his success in the business world, Varkey is also known for his philanthropic activities. He has set up several foundations to support education and social welfare in India and other countries, and has also been involved in several environmental conservation projects.

Sunny Varkey’s net worth is a testament to his entrepreneurial spirit and his dedication to creating opportunities for students around the world. His story is an inspiration to aspiring entrepreneurs and educators everywhere, and his legacy will continue to inspire future generations to strive for excellence in all their endeavors.

7. George Alexander Muthoot, George Jacob Muthoot and George Thomas Muthoot – Net worth: $1.3 billion (approx Rs 9,600 crore)

The Muthoot family is one of the richest families in India, known for their success in the finance and investment industry. George Alexander Muthoot, George Jacob Muthoot, and George Thomas Muthoot, commonly referred to as the Muthoot brothers, have a combined net worth of $1.3 billion (approx Rs 9,600 crore). Their journey to success is a story of hard work, innovation, and a relentless pursuit of excellence.

The Muthoot brothers are the third generation of the Muthoot family, which started as a small business in Kerala in the 1880s. Over the years, the family has built a reputation as one of India’s leading gold loan companies, with a presence in several countries. The Muthoot brothers have played a key role in expanding the family business and diversifying their portfolio of services.

Their success can be attributed to their innovative approach to the finance industry, their focus on customer service, and their unwavering commitment to integrity and transparency. They have been honored with several awards and recognitions for their contributions to the finance industry, including the Ernst & Young Entrepreneur of the Year award.

In addition to their success in the business world, the Muthoot brothers are also known for their philanthropic activities. They have set up several foundations to support education, healthcare, and social welfare in India, and have also been involved in several environmental conservation projects.

The Muthoot brothers’ net worth is a testament to their entrepreneurial spirit and their dedication to excellence in the finance and investment industry. Their story is an inspiration to aspiring entrepreneurs and finance professionals everywhere, and their legacy will continue to inspire future generations to strive for success in all their endeavors.

8. T.S. Kalyanaraman – Net worth: $1.35 Billion

T.S. Kalyanaraman is an Indian entrepreneur who is known for his success in the jewelry industry. T.S. Kalyanaraman net worth of $1.35 billion, he is one of the richest men in India. Kalyanaraman’s journey to success is a story of hard work, innovation, and a passion for creating high-quality jewelry.

Kalyanaraman started his career in the jewelry industry in the 1970s, working for his father’s small jewelry business. In 1993, he founded Kalyan Jewellers, which has since become one of India’s largest jewelry companies, with a presence in several countries. The company is known for its high-quality jewelry and innovative marketing strategies.

Kalyanaraman’s success can be attributed to his innovative approach to the jewelry industry, his focus on quality, and his commitment to customer satisfaction. He has been honored with several awards and recognitions for his contributions to the industry, including the Forbes India Rich List.

In addition to his success in the business world, Kalyanaraman is also known for his philanthropic activities. He has set up several foundations to support education, healthcare, and social welfare in India, and has also been involved in several environmental conservation projects.

T.S. Kalyanaraman’s net worth is a testament to his entrepreneurial spirit and his dedication to creating high-quality jewelry. His story is an inspiration to aspiring entrepreneurs and jewelry professionals everywhere, and his legacy will continue to inspire future generations to strive for excellence in all their endeavors.

9. Pankaj Jain – $1.1 billion (Rs 7,500 crore)

Pankaj Jain is an Indian entrepreneur who is known for his success in the healthcare industry. With a net worth of $1.1 billion (Rs 7,500 crore), he is one of the richest men in India. Jain’s journey to success is a story of hard work, innovation, and a passion for improving healthcare access in India.

Jain started his career in the healthcare industry in the 1980s, working for several pharmaceutical companies before founding his own company, Akumentis Healthcare, in 2010. The company is known for its focus on innovation, research and development, and affordable healthcare solutions.

Jain’s success can be attributed to his innovative approach to the healthcare industry, his focus on research and development, and his commitment to improving healthcare access in India. He has been honored with several awards and recognitions for his contributions to the industry, including the Economic Times Entrepreneur of the Year award.

In addition to his success in the business world, Jain is also known for his philanthropic activities. He has set up several foundations to support education, healthcare, and social welfare in India, and has also been involved in several environmental conservation projects.

Pankaj Jain’s net worth is a testament to his entrepreneurial spirit and his dedication to improving healthcare access in India. His story is an inspiration to aspiring entrepreneurs and healthcare professionals everywhere, and his legacy will continue to inspire future generations to strive for excellence in all their endeavors.

10. T N Manoharan – $2.8 Billion

T N Manoharan is an Indian entrepreneur who is known for his success in the education industry. T N Manoharan net worth of $2.8 billion, he is one of the richest men in India. Manoharan’s journey to success is a story of hard work, innovation, and a passion for providing quality education to students.

Manoharan started his career in the education industry in the 1980s, working for several educational institutions before founding his own company, Thiagarajar College of Engineering, in 1990. The college is known for its focus on innovation, research, and development, and for producing some of the best engineers in India.

Manoharan’s success can be attributed to his innovative approach to education, his focus on research and development, and his commitment to providing quality education to students. He has been honored with several awards and recognitions for his contributions to the education industry, including the Padma Shri, one of India’s highest civilian awards.

In addition to his success in the business world, Manoharan is also known for his philanthropic activities. He has set up several foundations to support education, healthcare, and social welfare in India, and has also been involved in several environmental conservation projects.

T N Manoharan’s net worth is a testament to his entrepreneurial spirit and his dedication to providing quality education to students in India. His story is an inspiration to aspiring entrepreneurs and educators everywhere, and his legacy will continue to inspire future generations to strive for excellence in all their endeavors.

Conclusion

In conclusion, Kerala has produced some of the wealthiest individuals in India, who have made a significant impact in various industries such as business, education, and technology. The top 10 richest people in Kerala, including M A Yusuff Ali, Senapathy Gopalakrishnan, B Ravi Pillai, Byju Raveendran, S.D. Shibulal, Sunny Varkey, George Alexander Muthoot, George Jacob Muthoot, George Thomas Muthoot, T.S. Kalyanaraman, and Pankaj Jain, have accumulated substantial wealth through their hard work, determination, and innovation.

Their success stories serve as an inspiration to millions of people worldwide and demonstrate that with the right mindset and approach, anyone can achieve success and make a significant impact on society.

FAQ | Top 10 Richest Persons in Kerala 2023

Who is the richest man in Kerala?

The richest man in Kerala is M A Yusuff Ali, with a net worth of $4.8 billion (approx Rs 35,700 crores) as of 2023.

Who are the top 10 richest men in Kerala?

The top 10 richest men in Kerala, in descending order of net worth, are M A Yusuff Ali, Senapathy Gopalakrishnan, B Ravi Pillai, Byju Raveendran, S.D. Shibulal, Sunny Varkey, George Alexander Muthoot, George Jacob Muthoot, George Thomas Muthoot, and Pankaj Jain.