Who is KP Ramasamy, entrant to Forbes India rich list with ₹9,431 cr wealth?

The Forbes India’s Richest Indians list was released on Thursday with Reliance Industries chairman Mukesh Ambani emerging as the richest in the country. Gautam Adani was on second spot while Shiv Nadar is third on the list.

Among the richest Indians is KP Ramasamy, the founder and chairman of textiles and sugar maker KPR Mill, who is the new entrant in the list. The textile magnate is currently on the 100th spot with a net worth of $2.3 billion ( 9,143 crore).

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Here are five things you need to know about KP Ramasamy.

1. Hailing from an agricultural family, Ramasamy founded the KPR Mill in 1984. He expanded into sugar production in 2013 and started selling Faso, a men’s innerwear brand in 2019. The company, run by Ramasamy and his two brothers, employs 30,000 people, of which 90% are women.

2. Located in Coimbatore, in Tamil Nadu, Ramasamy’s KPR Mill produces knitted apparel, cotton and polyester yarn in addition to manufacturing sugar and ethanol.

Photos: Forbes India’s100 Richest List 2023

KP Ramasamy's wealth is currently $2.3 billion ( <span class=
KP Ramasamy’s wealth is currently $2.3 billion ( 9,143 crore)(Forbes website)

3. According to Forbes website, KPR Mill produces 128 million garments annually ranging from sportswear to sleepwear—that end up on the clothes racks of giants like H&M, Marks & Spencer and Walmart.

4. According to the company’s website, KP Ramasamy founded ‘KPR Charities’ a Public Trust, which imparts education through its Educational Institution ‘K.P.R Institute of Engineering &Technology’.

5. The KPR Mill website has stated that Ramasamy has installed several windmills at Tamilnadu and established Co-gen cum Sugar Plant at Karnataka to source green power.

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