Anand Piramal’s family, Shloka Mehta’s parents, and Radhika Merchant’s relatives are all connected through marriage to Mukesh Ambani and Nita Ambani’s children, adding a layer of intrigue to their financial standings. Known for their expansive business empires in pharmaceuticals, diamonds, and financial services respectively, these families represent significant wealth and influence in India’s economic landscape. Determining the wealthiest among them requires a detailed examination of their diverse business portfolios and global impact.
The Piramals: A Billion-Dollar Dynasty
The Piramal family takes the crown as the wealthiest among the Ambani in-laws, led by billionaire businessman Ajay Piramal. Since 2018, Ajay’s son, Anand Piramal, has been married to Isha Ambani, and the couple welcomed twins Aadiya and Krishna.
Ajay Piramal’s Business Empire
Ajay Piramal is the Chairman of the Piramal Group, a global conglomerate with diverse interests spanning pharmaceuticals, financial services, and real estate. His wife, Dr. Swati A. Piramal, serves as Vice Chairperson, contributing to the company’s strategic direction. Anand Piramal and his sister, Nandini Piramal, are also part of the company’s leadership, holding roles as Non-Executive Directors.
As per Forbes, Ajay Piramal’s net worth stands at approximately $4.2 billion (around Rs 34,898 crore). The Piramal Group reported a consolidated revenue of Rs 9,087 crore for FY 2023, showcasing the strength and stability of their business.
The Mehtas: A Legacy in Diamonds
Next, we have the Mehta family, linked to Mukesh Ambani’s son Akash Ambani, who married Shloka Mehta in 2019. Shloka is the daughter of Russell and Mona Mehta.
Russell Mehta’s Business Ventures
Russell Mehta is the Managing Director of Rosy Blue India, which is part of a global network of diamond businesses known for its excellence in diamond procurement, manufacturing, and trading. The company stands as one of the world’s leading diamantaires, with operations that include rough diamond procurement and polished trading.
Russell Mehta’s net worth is estimated to be around Rs 1,844 crore. For FY 2022, Rosy Blue India reported a revenue of Rs 5,599 crore, reflecting its substantial role in the diamond industry. Shloka Mehta also contributes as a Director of the Rosy Blue Foundation, enhancing the family’s profile in philanthropy.
The Merchants: Emerging Entrepreneurs
Viren Merchant’s Impact on Healthcare
Finally, we have the Merchant family — Radhika is the daughter of Viren Merchant, the Founder and CEO of Encore Healthcare.
Encore Healthcare specializes in contract manufacturing of pharmaceutical products, boasting the largest tablet manufacturing capacity in India. Viren Merchant’s net worth is approximately Rs 755 crore, with Encore Healthcare valued around Rs 2,000 crore. Shaila Merchant, Radhika’s mother, is the Managing Director of the company, while Radhika and her sister Anjali Merchant serve on the Board of Directors, indicating a strong family presence in the business.
Comparing the Families
In terms of wealth, the rankings are as follows:
- Piramals: Ajay Piramal’s net worth is approximately $4.2 billion (Rs 34,898 crore).
- Mehtas: Russell Mehta’s net worth is around Rs 1,844 crore.
- Merchants: Viren Merchant’s net worth is estimated at Rs 755 crore.
When compared to Mukesh Ambani’s staggering real-time net worth of $113.2 billion (approximately Rs 9.4 lakh crore), it’s clear that while these in-laws hold significant wealth in their own right, the Ambani family’s financial empire remains unparalleled.
