Top 10 Richest Indians In Canada (2024)
Who are the top ten richest Indians in Canada?
Indians currently make up 5.3% of Canada’s total population, which would put their number at roughly 1.9 million. Indians in Canada have been proven to be valuable assets to the country’s economy. These people also give back to their native country in one way or the other. Canada has produced a large number of successful people from India today.
Many of these people had disadvantaged upbringings. However, today’s success is a result of their perseverance and hard work. We’ll look at those people in this article who immigrated to Canada and are now successful in their respective fields.
These people are not only wealthy but also kind, kind, and role models and their experiences are undoubtedly only one of many that might serve as an inspiration.
Richest Indians in Canada
The top ten richest Indians in Canada today are:
Harbanse Singh Doman
The 18th day of August 1932 saw the birth of Harbans Singh. Ted and Gordon Doman were Herb’s two brothers, and Mahinder was his sister. Herb and his wife Harjinder “Helen” Kaur Doman had four children together: three daughters, Darcia, Sherry, and Verinda, and a son, Jaspaul (Rick).
Doman Industries was started by him. Prior to his passing on July 26, 2007, he was a Canadian industrialist in the forestry industry. He was commonly referred to as “Herb Doman”. He continues to rank among the top Indians in Canada who are the richest, even after his passing.
Asa Johal
Asa Johal, to date, is one of the most successful British entrepreneurs. Johal’s parents emigrated to Canada when he was a little child in 1924, and when he was 12 years old, he first began to dream of running his own mill.
He operated a mobile mill near Alta Lake alongside his father. Johal was committed to setting up an effective company when he later created Terminal Forest Products in 1965.
It was a challenging journey, but Johal made himself a formidable opponent to contend with among the forestry giants of British Columbia that were largely owned and operated by white people.
After the transformation of the Canadian forestry sector at the start of the twenty-first century, when many of the other key players had long since faded from past memories, Terminal Forest Products remained bigger and more powerful than ever.
Barj S Dahan
Barj S. Dahan holds degrees from Regent College and the University of British Columbia. Barj is a philanthropic businessman who is renowned for his fair-minded, inclusive, and sympathetic style of leadership.
One of Barj’s early businesses, which ultimately developed into the Sandhurst Group of Companies, was launched in 1981. Youth in the community and education are supported by Sandhurst Group.
About 40 bursaries have been given to British Columbia high school graduates by this organization, enabling them to pursue their post-secondary educational and professional goals.
Vasu Chanchlani
Vasu Chanchlani was born on July 1st, 1952, and passed away on September 7th, 2014. He was a successful businessman, philanthropist, and bridge-builder of Indian and Canadian descent. He founded the Canada India Foundation and is a founding member of the Sigma Group of Businesses.
In addition, he invests in a number of start-ups and turnarounds across the globe. He is most known for his endeavors to better relations between Canada and India through humanitarian causes and interactions with the Indian diaspora to further the mutual interests of both countries.
Ramesh Chotai
Ramesh Chotai, who currently serves as the president of Bromed Pharmaceuticals, has likewise had a difficult journey. He was raised in Britain after receiving his education in Northern Uganda. He joined ICI Pharmaceuticals in Kampala, Uganda, after finishing his pharmacy training in the UK and Switzerland.
In 1972, he relocated to Canada. He began his career as a manager/pharmacist at an Oshawa pharmacy and went on to establish a very prosperous collection of businesses that produce and export medical and healthcare goods all over the world. One of the top Canadian suppliers of pharmaceutical raw materials from India is his business, Bromed Pharmaceuticals Inc.
He was the former president of the Hindu Mandir and Culture Center and is a humanitarian and societal activist. Ramesh co-chaired Trillium Health Center’s 2007 Diwali celebration while serving as vice chairman of the Canadian Museum of Hindu Civilization.
Surjit Babra
One of the richest Indians in Canada is Surjit Babra, a well-known businessman and humanitarian. He was nurtured in Kenya and India from a very modest upbringing and began his career in the transportation industry in the UK in 1972. He was born in India and comes from a very modest family.
In 1979, he opened the Toronto location of SkyLink Travel. With the well-known names SkyLink Travel, FlyLink Travel, Tourcan Vacations, and SkyLink Holidays, the SkyLink Travel Group is widely recognized around the world. For his social and entrepreneurial efforts, he has won numerous awards. He assists many of the most disadvantaged developing nations on the globe.
Steve Gupta
Steve Gupta started out in quite modest circumstances. Steven Gupta is indeed one to loom up to today. In 1971, he was 20 years old and had just $100 in his pocket when he landed in Toronto. He supported himself by working in factories and selling life insurance up until he had enough cash saved to put a down payment on his first piece of real estate.
His diligence and perseverance, however, have paid off today. In his business, Gupta controls 15 hotels with more than 2,700 rooms. He is a licensed real estate developer and hotelier. The renowned Marriott Horizon Award was given to him in 2010, making him the first Canadian and the first South Asian to do so.
He has established a reputation for making significant contributions to both national and international organizations and causes, which helped him win the Hotel Association of Canada Humanitarian Award 2010 as a result of his philanthropic donations.
Dilip Shanghvi
On October 1, 1955, Dilip Shanghvi was born. He is one of the richest Indians in Canada and a millionaire businessman. Sun Pharmaceuticals was started by him. The son of Shantilal and Kumud Shanghvi, he was born in the small town of Amreli in the Indian state of Gujarat.
Shanghvi graduated from the University of Calcutta with a Bachelor of Commerce degree. With a capital investment of INR 10,000, Shanghvi, then 27 years old, ultimately launched his first manufacturing facility in 1982. Sun Pharmaceutical Industries is the name of his business. Sun Pharmaceuticals rose to the fifth-biggest pharmaceutical firm in the world and the largest in India in 2015.
Lakshmi Niwas Mittal
In a Hindu Marwadi household, Mittal was raised. Between 1957 and 1964, he was a student at Shri Daulatram Nopany Vidyalaya in Calcutta. He received his B.Com degree with honours from St. Xavier’s College, which is a part of the University of Calcutta.
The very first Indian to be included among the richest people in the world by Forbes in 2005 was Lakshmi Mittal. From modest beginnings as a scrap metal dealer, Mittal rose to become ArcelorMittal, the largest steel producer in the world.
Mukesh Dhirubhai Ambani
Mukesh Dhirubhai Ambani was birthed on the 19th day of April 1957. From India, he is a business tycoon. Reliance Industries Ltd. (RIL), the most profitable asset in India based on net asset value, is a Fortune Global 500 firm that he founded, serves as chairman of, and is the executive director.
As of 2016, Ambani was ranked as the 36th richest person in the world, up from the position of India’s wealthiest person on Forbes magazine’s list for the previous ten years. As of October 2020, Mukesh Ambani was listed by Forbes as the sixth richest person in the world.
Read Also: Top 10 Indian Companies In Canada
Conclusion
This article has addressed the top ten richest Indians in Canada. It should be emphasized that these people took longer than a day or two to figure it all out. That required years of persistent hard work and tenacity.
As a result, we ought to make an effort to work hard consistently towards successful outcomes. Please leave a comment or two and thank you for reading.
