Mr Madhusudhan Rao, who stands at No. 33 in the list which is dominated by Mumbai billionaires, however, played down his achievement by saying that personal fortunes do not matter.
"The company comes first and personal wealth is only a byproduct of our success," he said.
Another Hyderabadi, Satyam Computer Services Ltd chairman B. Ramalinga Raju, failed to make it to the list though he was ranked 36 in 2005 with a net worth of $670 million.
According to BSE website, the Ramalinga Raju family, who had 2,99,59,273 shares constituting 9.18 per cent of the total shares of the company in June 2006, had transferred 2,78,64,000 shares constituting 8.51 per cent of the total shares to SRSR Holdings Private Limited by September 2006. Being a private limited company, the shareholding pattern of SRSR Holdings Pvt Ltd is outside public domain.
Steel King Lakshmi N. Mittal continued to be the richest Indian 10 BILLIONAIRE INDIANS
1. Lakshmi Mittal $51 bn
2. Mukesh Ambani $49 bn
3. Anil Ambani $45 bn
4. K.P. Singh $35 bn
5. Azim Premji $14.8 bn
6. Sunil Mittal $12.5 bn
7. Shashi Ruia & Ravi Ruia $12 bn
8. R. Chandra $11.6 bn
9. Kumar Birla $11 bn
10. Tulsi Tanti $10 bn
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