Meet Savitri Jindal, India's Richest Woman Who Held Her Own In A 'Man's World' & Went On To Create An Empire Like No Other
India's richest woman Savitri Jindal took over her husband Om Prakash Jindal's steel and power conglomerate after his sudden death in 2005. With a net worth of $33.5 Billion, Jindal is India¡¯s richest woman and the only woman in the top 10 of Forbes¡¯ list of richest Women in the World in 2024.
India's richest woman Savitri Jindal took over her husband Om Prakash Jindal's steel and power conglomerate after his sudden death in 2005. With a net worth of $33.5 Billion, Jindal is India¡¯s richest woman and the only woman in the top 10 of Forbes¡¯ list of richest Women in the World in 2024.
Savitri Jindal¡¯s net worth more than tripled from $4.8 billion in 2020 to $17.7 billion in 2022. Like many other billionaires, Savitri Jindal also saw her fortune rise in the first half of 2021.
Forbes World's Richest Women List Includes India's Savitri Jindal
The chair of Jindal Group and widow of the founder, Om Prakash Jindal, is the richest woman in India. Jindal Group is active in steel, power, cement and infrastructure. Following O.P. Jindal¡¯s death in a helicopter crash, the group¡¯s companies were divided among his four sons, who now run them independently. Jindal was the 12th richest woman in 2023; rising share prices lifted her fortune. As per Forbes report her networth is around $33.5 Billion.
Forbes List 2024: Top 10 Richest Women in the World
| Rank | Name | Net Worth | Source of Wealth |
|---|---|---|---|
| 10 | Abigail Johnson | $29 Billion | Fidelity Investments |
| 9 | Gina Rinehart | $32 Billion | Mining |
| 8 | Miriam Adelson & family | $32 Billion | Casinos |
| 7 | Rafaela Aponte-Diamant | $33.1 Billion | Shipping |
| 6 | Savitri Jindal & family | $33.5 Billion | Steel |
| 5 | MacKenzie Scott | $35.6 Billion | Amazon |
| 4 | Jacqueline Mars | $38.5 Billion | Candy, pet food |
| 3 | Julia Koch & family | $64.3 Billion | Koch Industries |
| 2 | Alice Walton | $72.3 Billion | Walmart |
| 1 | Fran?oise Bettencourt Meyers & family | $99.5 Billion | L¡¯Or¨¦al |
Features in Forbes Lists:
- Rank 46: Forbes Billionaires List (2024)
- Rank 4: India's Richest List (2023)
Savitri Jindal: Personal Stats
| Category | Details |
|---|---|
| Age | 74 |
| Source of Wealth | Steel |
| Residence | Hisar, India |
| Citizenship | India |
| Marital Status | Widowed |
| Children | 9 |
Savitri Jindal's journey
Born on March 20, 1950, Savitri Devi Jindal grew up in Tinsukia town of upper Assam. Savitri Jindal married OP Jindal in the 1970s, who had founded the Jindal Group, a steel and power conglomerate. OP Jindal was a minister in the Haryana Government and a member of the Haryana Vidhan Sabha from Hisar constituency.
The mother of nine children was 55 years old when her husband, Om Prakash Jindal, the founder of the Jindal Group, died in a helicopter crash in 2005. After her husband¡¯s sudden demise, Savitri Jindal discovered a whole new world where she found herself as a politician, social activist and billionaire at the age when grey-haired people plan to retire from household or professional duties.
Savitri Jindal a lady filled with simplicity and cultural essence is today one of the richest Indian women with a net worth of $18.3 billion.
The rise and rise of the Jindal Group
The Jindal group was a business conglomerate that prided on its humble roots. The Jindal empire was built from scratch by the late Om Prakash Jindal, who was born to a farmer in Haryana's Nalwa village on August 7, 1930.
He took his first step into the world of business at the age of 22, when he set up a small bucket-manufacturing unit in Hisar. He followed it up by establishing Jindal India Limited, a pipe-production unit, in 1964. Five years later, the Jindal patriarch set up his first big factory in then Calcutta, and thus began the illustrious history of the group.
Some of the flagship companies of the Jindal group are Jindal Saw Limited, JSW Steel, Jindal Stainless Steel Limited and Jindal Steel and Power Limited.
An outstanding personality with strong values
After the sudden death of OP Jindal in 2005, Savitri Jindal - an outstanding personality with strong values, is committed to taking forward the values of OP Jindal. Inspired by her humane approach to entrepreneurship, the group's turnover increased four times after she took over as the chairperson and the conglomerate established leadership positions in different businesses. Many group companies expanded overseas by acquiring mines in Chile and Mozambique.
After establishing the business, Savitri Jindal entered politics to follow the footsteps of her husband and contested the Hisar assembly seat of Haryana on a Congress ticket from where she won twice, in 2005 and 2009.
She became a minister in the Bhupinder Singh Hooda government twice. During her tenure, she held the portfolios of minister of state for revenue, disaster management, rehabilitation and housing in 2006 and minister for urban local bodies in 2013.
Not only in business and politics, Savitri Jindal personally takes an interest in philanthropic activities to help the needy. She is involved in building schools, and medical institutions and successfully running them by the Jindal Group.
For the latest and more interesting financial news, keep reading Indiatimes Worth. Click here
News that matters from the world of business, start-ups & entrepreneurs. We trace the extraordinary tales of ordinary people who are worth it!
