MP’s Richest Man and List of 10 Wealthiest Individuals in Madhya Pradesh
What if the real engines of India’s economic rise are not only in Mumbai’s boardrooms or Bengaluru’s tech corridors, but in the industrial heart of central India? Madhya Pradesh, long associated with heritage cities and agricultural strength, is quietly producing billionaires who are reshaping sectors such as coal, renewable energy, infrastructure, textiles, manufacturing and retail. Here is the list of the Top 10 richest persons in Madhya Pradesh.
Let’s see who is the richest person in MP.
Top 10 Richest Persons in MP (Madhya Pradesh) Based on Net Worth – 2026
| Rank | Name | Estimated Net Worth (Rs) | Primary Business / Company | Main Industry |
| 1 | Vinod Agrawal | 9,500 crore | Agrawal Coal Company | Coal & Trading |
| 2 | Dilip Suryavanshi | 3,800 crore | Dilip Buildcon | Infrastructure & Construction |
| 3 | Shyamsunder Mundhra | 3,410 crore | Ujaas Energy | Solar & Renewable Energy |
| 4 | Dinesh Patidar | 3,400 crore | Shakti Pumps | Pumps & Irrigation Tech |
| 5 | Sunil Patidar | 2,500 crore | Shakti Pumps | Pumps & Solar Tech |
| 6 | Sudhir Agrawal | 2,500 crore | Sagar Group | Textiles, Education & Healthcare |
| 7 | Vinod Jain | 1,940 crore | Shantinath Detergents | FMCG & Detergents |
| 8 | Vimal Todi | 1,270 crore | Jaideep Ispat | Steel Manufacturing |
| 9 | Nitin Agarwal | 1,230 crore | Path Group | Diversified Business |
| 10 | Gaurav Anand | 1,220 crore | Anand Jewellers | Jewellery & Retail |
The following details outline the business operations and origins of the wealthiest individuals in Madhya Pradesh for 2026.
Do you know how many billionaires are there in Madhya Pradesh?
As of 2026, there are 15 billionaires in Madhya Pradesh, defined as individuals with assets exceeding ₹1,000 crore, according to the latest Hurun India Rich List.
Who is the most famous person in Madhya Pradesh?
As of early 2026, Dr Mohan Yadav is the most prominent and influential figure in Madhya Pradesh. He currently holds the position of Chief Minister.
Which is the richest city in MP?
As of 2026, Indore is considered the richest city in the state. It serves as the commercial capital, has one of the highest per capita incomes in Madhya Pradesh, and is home to the richest people in MP.
Also check– the top 10 richest cities of India.
Madhya Pradesh’s Richest Man: An Overview of the Top 10
- Vinod Agrawal’s Net Worth in 2026 is ₹9,500 Crore (Coal Trading).
Vinod Agrawal: The MP’s Richest Man in 2026 and His Coal Empire
He leads Agarwal Coal Corporation, widely recognised as India’s largest coal importer, with operations across more than 20 ports and annual revenue exceeding ₹14,000 crore. His journey began at the age of 15 in 1974 when he started working to support his family.
After migrating to Indore following the 1947 Partition, his family lived in a modest 500 square feet home with eight siblings.
2. Dilip Suryavanshi’s Net Worth in 2026 is ₹3,800 Crore (Infrastructure).
Dilip Suryavanshi: Infrastructure Leader Among Madhya Pradesh’s Wealthiest
He is the Chairman and Managing Director of Dilip Buildcon, a major infrastructure company executing roads, bridges, metro corridors and tunnels across 19 states. He founded Dilip Builders in 1987 with just five employees. Before entering construction, he operated a soya bean factory that had to shut down due to a severe drought. His first office functioned out of a garage, marking the humble start of what later became a nationally recognised infrastructure enterprise.
3. Shyamsunder Mundhra’s Net Worth in 2026 is ₹3,410 Crore (Solar Energy).
Shyamsunder Mundhra: Solar Energy Pioneer from MP’s Rich List
He founded Ujaas Energy, one of the pioneers of India’s solar power movement and the first company in the country to generate and sell Solar Renewable Energy Certificates. After working for eight years at the State Electricity Board, he launched his own firm in 1976. The name Ujaas translates to “Light at the Dawn.” He passed away on February 1, 2026, leaving behind a legacy of leadership in renewable energy innovation.
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4. Dinesh Patidar’s Net Worth in 2026 is ₹3,400 Crore (Pumps and Solar Irrigation).
Dinesh Patidar: Driving Global Irrigation Innovation from Madhya Pradesh
He leads Shakti Pumps, a global manufacturer of 100 percent stainless steel pumps and solar-powered irrigation systems exported to over 100 countries.
The company was established in 1982 by his father, Manoharlal Patidar, as a small unit in Pithampur. Under his leadership, Shakti Pumps became the first Indian company to receive a BEE 5 star rating for energy efficiency and holds more than 16 patents for pump innovation.
5. Sunil Patidar’s Net Worth in 2026 is ₹2,500 Crore (Pumps and Motors).
Sunil Patidar: Expanding Shakti Pumps into a Global Brand
As one of the key leaders at Shakti Pumps, he played a major role in taking the company beyond its small-town manufacturing roots. What started as a small family business gradually grew into an internationally recognised brand. It now supplies advanced irrigation and solar pumping solutions across several countries.
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6. Sudhir Agrawal’s Net Worth in 2026 is ₹2,500 Crore (Textiles, Education and Real Estate).
Sudhir Agrawal: The Sagar Group and a Diversified Industrial Legacy
He heads the Sagar Group, a diversified conglomerate with interests in real estate development, Sagar Public Schools, healthcare institutions and textile manufacturing. Founded in 1983 with a focus on quality construction in Bhopal, the group has expanded on a large scale. Its textile arm, Sagar Manufacturers, is now one of the largest yarn exporters in Central India.
7. Vinod Jain’s Net Worth in 2026 is ₹1,940 Crore (FMCG and Detergents).
Vinod Jain: Building a Regional FMCG Powerhouse in MP
He is the driving force behind Shantinath Detergents, known for the Shaktiman brand of cleaning products. The company began in the late 1980s as a local manufacturing unit in Indore. Through an extensive regional distribution network, it continues to dominate rural markets in Madhya Pradesh and neighbouring states despite strong national competition.
Also check – Delhi’s richest man in 2026!
8. Vimal Todi’s Net Worth in 2026 is ₹1,270 Crore (Steel Manufacturing).
Vimal Todi: Modernising Steel Manufacturing in Central India
He manages Jaideep Ispat and Alloys, a steel manufacturer producing TMT bars and structural steel products. Established in the early 1990s, the company gained recognition for adopting advanced German technology, making it one of the most technologically efficient steel units in Central India.
9. Nitin Agarwal’s Net Worth in 2026 is ₹1,230 Crore (Highway EPC and Toll Management).
Nitin Agarwal: Highway Infrastructure and EPC Expansion in MP
He leads the Path Group, also known as Prakash Asphalting and Toll Highways Limited, which specialises in large-scale highway construction and toll operations. Originating as a small asphalt contracting firm in the 1980s, the company is now recognised for completing major highway projects ahead of official deadlines.
10. Gaurav Anand’s Net Worth in 2026 is ₹1,220 Crore (Luxury Jewellery Retail).
Gaurav Anand: Transforming Indore’s Luxury Jewellery Market
He owns Anand Jewellers, a leading luxury jewellery brand in Indore. While the family business has decades-old roots, he expanded it into the premium designer segment in the early 2000s. He is credited with introducing high-end diamond jewellery trends in Madhya Pradesh, gradually shifting customer preference beyond traditional gold investments.
As 2026 unfolds, the MP richest man and the top 10 richest persons in MP stand as proof that central India is steadily becoming a serious force in the nation’s economic growth narrative.
Disclaimer– The rankings and figures in this article have been compiled from multiple verified reports, credible news sources, and public financial data available as of 2026.
All values are approximate and may vary with newer updates, revisions, or changes in official records.
MP’s Richest Man 2026 – FAQs
Nawab Hamidullah Khan (reigned 1926–1949) was the last ruling Nawab of the princely state of Bhopal, holding power until it merged with India.
As of 2026, the family of Vinod Agrawal, founder of Agrawal Coal Corporation, is regarded as the richest in Indore, with an estimated net worth of ₹9,500 crore.
Notable personalities associated with Bhopal include actor Rajeev Verma. The city is also home to prominent political figures such as Shivraj Singh Chouhan and Digvijaya Singh, who maintain residences there.
Based on data projections, Jabalpur is recognised as the most literate district and city in Madhya Pradesh, with a literacy rate of 81.07%.
