Asian Paints co-founders most valuable in FMCG
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Asian Paints is a favourite of investors, both domestic and foreign. The paints company, with the strongest moat, continues to power the fortunes of its three cofounders. Ravi Kant Jaipuria of Varun Beverages and Devyani International, besides Vijay Chauhan, founder of Parle Biscuits are the other two billionaires who feature among the top five from the sector.
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October 2025
As India’s growth story gains momentum and the number of billionaires rises, the country’s luxury market is seeing a boom like never before, with the taste for luxury moving beyond the metros. From high-end watches and jewellery to lavish residences and luxurious holidays, Indians are splurging like never before. Storied luxury brands are rushing in to satiate this demand, often roping in Indian celebs as ambassadors.